viernes, 9 de octubre de 2015

Friday 09/Oct/15 Morning Charts

  • EURUSD Triangle Break, look for long opportunities.

  • GBPUSD Trendline Support, if not, look for short term double bottom.

  • AUDUSD Channel in Play

  • SP500 Not so Clear to me, theres a broadening wedge, markets still look pretty bullish with no sign of pulling back.

  • USOil Respecting the trendline.

martes, 6 de octubre de 2015

Some charts for the day

USDX Symmetric triangle break

USDX Is currently holding above 12 handle, the most likely scenario is further downside because as big as it looks, we're only at the top of a bigger triangle.

Looking in perspective:

Broadening Wedge Short Term SP500

Today I was looking to sell around 2k on SP500 but it never went that far, probably I was too greedy but we can see here the pattern is sill in play, we're still in neutral zone. The same pattern repeats almost exactly on the Dow.

Nikkei descending Triangle

The Japanese Index looks bearish on this short term descending triangle, it could go to test the rising trendline but is currently holding above 18k ahead of BoJ Monetary Policy Statement. I guess we could get short term bearish on it but it looks pretty bullish to me on a longer view since the falling channel has finally broke to the upside,

miércoles, 26 de agosto de 2015

Chart of the day $GBPUSD Rising Trendline Broken

As the stock markets had the best day in years so the dollar had an awesome day, rising against every major currency in the market.

The question is if how long the rally will last, and I'm not being pessimistic, here we see the GBPUSD falling hard and breaking a major support trendline.

jueves, 6 de agosto de 2015

Chart of the day $GBPUSD Ascending Triangle

The pound dropped on Rate Hike Votes and Inflation Report this morning, however, the losses were limited and we are seeing a nice ascending triangle developing here, a possible buy at bottom and play inside the triangle could give up to 200 pips.

miércoles, 5 de agosto de 2015

Chart of the day $NZDUSD Trendline fake break

Kiwi has been capped by this trendline since late April, and finally when it breaks it turns out to be a fade. The New Zealand currency weakness is known among all traders and bets for a lower move are still being called, does this fade means a push lower or a momentary pause in the trend?

martes, 4 de agosto de 2015

OCO Orders in cTrader

As promised, I made a bot that handles 2 orders in OCO (Order Cancels Order) mode, the parameters are the same of the OSO order bot I made last couple days ago.

A picture on Investopedia shows the many uses of this order type, my bot takes care if it's Limit or Stop order so you don't have to worry about it:

You can find the bot on the ctdn's site

Chart of the day $AUDNZD Trendline Top

$AUDNZD has rallied up to 1.1250 after RBA Rate decision, it will be interesting to see if this trendline will hold for a selling opportunity or it will break even higher.