Chart of the Day

[Obsidian 10]

keeping an eye on eur/gbp...this may be a long term trade if Draghi saves the euro:confused:

 

raised stop on this one...target is still the same...for now

[Obsidian 10]

raised stop on this one...target is still the same...for now

 

eur/gbp

closed 3/4, modified stop to 0.8060 and target for remaining is 0.8285

[Obsidian 10]

eur/gbp

closed 3/4, modified stop to 0.8060 and target for remaining is 0.8285

 

stop was hit...now going to watch 0.8000-0.7980 area to reenter

[Obsidian 10]

eur/gbp...0.7985 is holding so far but have to move above 0.8000 tomorrow else 0.7940 is not out of question...meantime, 4H chart is turning bearish

[Obsidian 10]

eur/gbp...0.7985 is holding so far but have to move above 0.8000 tomorrow else 0.7940 is not out of question...meantime, 4H chart is turning bearish

 

not surprisingly pulled back to 07940 after failing at 0.8000..

daily candle looks interesting but going to wait..

who said close of the bar is meanigless :doh:

[Obsidian 10]

enough waiting, time to long very soon with a target of 0.8220

[Obsidian 10]

USD/CAD...it is better keep an eye on 0.9750, going to short if we break below...

 

didn't touch eur/gbp so far...will post here if I open a position on it.

[Obsidian 10]

EUR/AUD...4H chart is back to bullish mode...

if it can hold above 1.2700, 1.2820 will be visited soon

[Obsidian 10]

eur/aud..rejected from 1.2700 and heading down again...lets see how it will close today

[Obsidian 10]

eur/usd is sitting just above 200-day ma...daily close will be very important as a break below 1.2800 may cause a chain reaction !

[Obsidian 10]

eur (tiny) rally did not last long...break below 1.2750 means 1.2650 is the next stop.

[Obsidian 10]

aud/cad...I believe it is a clear sell signal

price is below the cloud,

ts/ks lines crossed

chikou span is below the previous prices

[Mysticforex 13]

The fundamentals do not seem to favor the euro, but at the moment the market acts firm. We are bearish the euro but the market actions suggest it is best to wait and sell later.

[Mysticforex 13]

---------------------------------------------------------------------------------------------------------------------------------------

[Mysticforex 13]

---------------------------------------------------------------------------------------------------------------------------------------

 

 

GBP/NZD is within reach of the yearly highs and a break above the 2.0300 level puts the pair on path towards 2.0500 while 2.000 now offers solid support.

Edited January 30, 2014 by Mysticforex

[Mysticforex 13]

Technically, today’s rally in AUD/NZD has taken the currency pair to the first standard deviation Bollinger Band, a potential level of resistance. If AUD/NZD breaks above this point, the next resistance will be at 1.0920. On the downside, there is some support at 1.07 but the more significant support is at the 8 year low near 1.05.

[Mysticforex 13]

FWIW: If you have an Iphone you can download the free Netdania Chart app from the Apple

Store. You can then set it up to send you price alerts.

[Mysticforex 13]

Technically EUR/GBP is now consolidating and basing after a steep selloff with support coming in at 8160 while resistance is at 8350. If the pair can push higher then the next upside level is 8500 while a break below the year's lows opens a run towards 8000.

[Mysticforex 13]

With the European Central Bank meeting later today, EUR is in play. EUR/JPY in particular has been confined within a narrow 200 pip range for the past 3 days between 136 and 138, making the currency pair prime for a breakout. Central bank rate decisions are the perfect catalyst for big moves even if the ECB does not change interest rates. Every month the head of the ECB delivers a press conference where he provides his latest economic and monetary policy outlooks. Mario Draghi’s comments almost always move the euro as traders express their enthusiasm or disappointment with the central bank’s views. EUR/JPY’s reaction to Draghi will depend on whether he acknowledges the recent economic improvements in the economy or ignores them again. Having only strengthened their forward guidance last month, the central bank will be wary of sounding overly optimistic and risk driving rates higher. The odds favor EUR/JPY negative comments from the ECB but most market participants expect the central bank to be dovish so any hint of optimism could send EUR/JPY sharply higher.

[Mysticforex 13]

GBP/CAD:

GBP/CAD tested but failed to break below 1.80 for the past 4 trading days. This level was also an important area of resistance in mid January. Given the fundamental outlook, we think there is a chance this support will break at which point the next stop will be 1.78. On the upside, if GBP/CAD breaks above 1.82, the currency pair could extend to 1.84.

[Mysticforex 13]

AUD/NZD remains in a broad 1.0500-1.0900 range with the pair still holding on at the top end of the channel. A break above 1.0930 opens the path to a test of the key 1.1100 figure, while a break below 1.0730 creates the conditions for a run to the lower end of the channel at the 1.0500 area

[Mysticforex 13]

EUR/AUD is now at critical 1.5000 support and a break there opens a run towards the 1.4800 level while a take out of the 1.5200 figure suggests a possible move towards the 1.5500 level.

[Mysticforex 13]

AUD/USD:

 

The daily candle closed bearish, just missing a recent high from Jan 13th 2014

Look s like resistance at the upper B band.

 

Also , on the weekly chart it seems to have resistance at the middle band.

I don't use BB. I do know one well known analyst who would consider the daily chart, with the candle between the middle and upper band to be in the "Buy Zone". I have a hard time subscribing to that.

Any regular BB users out there care to give an opinion?

( the daily should have been first, I got it reversed. Sorry).

Edited February 19, 2014 by Mysticforex

[Mysticforex 13]

EUR/CHF has been in a very long 1.2200-1.2500 channel spanning several years. Every time it has approached the 1.2100 level the pair has been able to rally, but if support is broken the cascade of stops could accelerate the momentumto a true test of the 1.2000 level.

[Mysticforex 13]

When Will USD/JPY Break Out of its range?