I am a soon to be U.S. ex-pat who will move to the Visayas to live with my honeyko fiancee in Paradise. I will be teaching the pinoys and pinays how to read and interpret charts and make a living in Forex. I will also be teaching modern farming ...

Pinoy in MerLion City

excellent analysis. The pair seems to be seeking equilibrium at this point. Some things to take into consideration are which pair has the most upside potential. Which of these two currencies is overvalued, and which is undervalued? What will happen ...

Euro/US Dollar crossroads

nice analysis. Have you also done a study on the chinese and asian markets to see a correlation between any currency pairs? I would be interested to know. The correction in gbp/usd, aud/usd, and eur/usd seem to be correlated to the bursting of the ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

also keep an eye on volume. when the volume spikes up it increases volatility. Volatility leads to good gains or bad losses depending on which side of the fence your position is.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Risk aversion would cancel my upward bias for Geppy, until risk tolerance returns.

Auslanco - GBP/JPY and GBP/USD (newstrade)

nice analysis lilmoe. A strong trend will show overbought conditions. Divergence takes a long time to play out.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Here is the daily geppy chart again. I have a white colored fib from 251 to the low at 192. I have drawn a yellow fib from 241 to the same low. Looking at the previous 6 candles, we see a flag formation which is bullish. Zigzag indicator shows 3 ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

there is a swing low at .9281 for what that is worth for aud/usd.

Auslanco - GBP/JPY and GBP/USD (newstrade)

weekly chart shows some downside is still possible. It does not matter what my opinion is, I try to interpret the chart. I know the aussie economy is experiencing some problems. It is a commodity currency and will track what oil, gold, and other ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

aud/usd is possibly another good set up forming. Good positive swap and a long term uptrend. Be patient and wait to see the correction run out of steam at some point. If the uptrend resumes you can build positions in this pair also.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Range trading can be profitable if you draw trendlines at the top and bottom of a definite range in any currency pair. Be sure you look at the longer time frames first to establish the overall trend of the pair. If the pair is trending upwards, for ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

From what i see on the daily and weekly charts, the uptrend has shown signs of establishing itself quite clearly. But on the monthly chart, I cannot rule out a re-test of the lows yet. If the current monthly candle closes as a bull candle, then we ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

I should use the term correction instead of downtrend. I stand corrected. TY

Auslanco - GBP/JPY and GBP/USD (newstrade)

I am with you, bro. But at this point in in time i cannot rule out a re-test of the lows. I will be happy to collect a daily swap for the next few years. I have straddled this range and I will profit from whichever direction she breaks out.

Auslanco - GBP/JPY and GBP/USD (newstrade)

As for eur/usd, i have a buy order sitting at the possible double bottom and will ride her to 1.58 if the longer term uptrend continues. I see more upside to the euro than the usd. But I also see a possible recession for the E.U also. I am leaving ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

here is a zoomed out monthly geppy chart showing a long term downtrend. I hope this explains my point of view for ya.

Auslanco - GBP/JPY and GBP/USD (newstrade)

yes, we are in an upmove to at least the 38 fib. If you zoom out on your monthly chart you will see a long term downtrend that turned into a long term uptrend that turned again at 251 to 192. I am buying dips for now until i see a change of market ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

My reason is because it is the 4th attempt to breach this level. Historically, a currency pair support usually gives way. Fundamentally, The economy in britain is not bullish for now. BOE is in a tough place. Write offs on financials, and the ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

daily chart for usd/jpy is showing a possible double top forming. This is the reason I have placed a sell order there. risk of reversal is good. Reasonably tight stop loss gives me good risk to reward on this position. 1st downside target is the ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

do you think so? I kinda think that support level will get broken this time around. But i do have small tester buy position sitting there to catch a bounce.

Auslanco - GBP/JPY and GBP/USD (newstrade)