Daily chart is showing a breakout through cluster sma resistance. Orange 61 fib is sitting at 1.6090. Red 200 sma is 1.6139. Previous high of 1.6161 is likely to be tested if Risk On sentiment continues. Risk aversion sentiment would cancel this ...

Cable Update (GBPUSD)

The weekly candle has one more day remaining. At this point it is showing a hammer following a 3 white soldier formation. Yellow 5 sma retrace then up from there. PA was quite bullish after euro rate cut for the eur/usd. Cable followed suit.Today's ...

Cable Update (GBPUSD)

4 hour chart shows resistance provided by the brown 55 sma, and cluster resistance around 1.6020/60 area. Aqua colored 100 sma is sitting at 1.5854 area.

Cable Update (GBPUSD)

Daily chart shows rejection at the cluster support of the brown 55 sma and the blue 14 sma. Cluster resistance above 1.6000 1.5780 area is a possible downside target, on a break of the 55 sma.

Cable Update (GBPUSD)

5 sma retrace only so far on the weekly chart. got a good bounce off the yellow 5 sma when the greeks dropped the referendum vote thing. We need Risk Aversion Sentiment to break downwards.

Cable Update (GBPUSD)

Cable pulled back a bit from support on the daily chart. Traders can't buy yen or chf due to intervention, so the only safe haven is the usd today. Risk is off today. Gold is down a bit Oil is down but traders are locked out before of the MF Global ...

Cable Update (GBPUSD)

well said

Cable Update (GBPUSD)

Weekly is showing a 5 sma retrace. Yellow 5 sma close is sitting around 1.5873

Cable Update (GBPUSD)

Cable is sitting on daily brown 55 sma and blue 14 sma support, around the 1.5900 area. A break here will target the the green 38 fib @ 1.5783. Purple colored 400 sma is sitting around 1.5800. Green 22 sma is sitting around 1.5775 or so.

Cable Update (GBPUSD)

Weak USD usually = strong Gold. 1,700 has provided strong support in Risk Appetite conditions. Weekly bullish engulfing candle with 1,710 as the simple pivot. Orange 61 fib is sitting 1,771 1,762 is a previous swing low.

Forex Market Sentiment

usd/chf — I will be looking to place a small tester position to exploit any possible Swiss bank intervention near those yellow dotted horizontal trendlines. Just set it and let it run forever, i guess. hehe If the eur/chf is pegged at 1.2000, ...

Forex Market Sentiment

nzd/jpy — The daily chart for nzd/jpy shows resistance provided by the orange colored 61 fib. (62.54) Hammer candle following a bullish engulfing candle. 55 sma at 61.77 provides support above the "river". Upside targets are the purple 400 sma ...

Forex Market Sentiment

Chart explanation — 5 sma close price = yellow color 5 sma open price = orange/red color 5 sma high = white 5 sma low = white This set up forms a "river" 14 sma = blue 22 sma = green 55 sma =brown 100 sma = aqua 200 sma = red 300 sma = pink ...

Forex Market Sentiment

Market Sentiment Strategy

Forex Market Sentiment

eur/jpy — The weekly chart for eur/jpy shows buyers around 1.0524 and 1.0475. it shows a high at 1.0812 or so. Price peeked above the blue 14 sma but closed below it. Good size wicks on top and bottom. Risk Appetite= buy dips Risk Aversion = ...

Forex Market Sentiment

gbp/cad — The gbp/cad found buyers at 1.5883 and sellers at 1.6060 area. The larger range is 1.5800 to 1.6300.

Forex Market Sentiment

I was buying and selling this usd/cad at various times this past week. The pink 300 sma is providing support @ .9858 The red 200 sma sits at .9799. The NFP will influence this pair. A weak number will move her up to test resistance at parity and/or ...

Forex Market Sentiment

eur chf — I am making a small tester position for eur/chf to capture possible Swiss Bank intervention.

Forex Market Sentiment

eur/cad — The eur/cad will be the pair to watch if the market prices in a rate cut for the Euro at this week's ECB meeting. A good Non Farm payroll number will also strengthen the CAD. I am looking to get short this pair if I see any euro ...

Forex Market Sentiment

aud/usd — The 4 hour chart for the aud/usd reflects the very strong Risk Appetite market sentiment. 1.0657 to 1.0751 is the very tight range for this pair. 1.0610 shows minor support. The 61 fib and the green 22 sma provide some support @ ...

Forex Market Sentiment