Major Pairs/Crosses - Trading Scenarios, Analyses and Forecasts
Results 1 to 8 of 8

Thread: Major Pairs/Crosses - Trading Scenarios, Analyses and Forecasts

  1. #1
    Quote Originally Posted by ;
    I've learnt that situation trading is key to long-term trading achievement. You expect alternative market scenarios and search for a feasible trade set up since the market meets among the scenarios. What about you? . . .KP
    Quote Originally Posted by ;
    Traders often go in the market with a bias, at least a directional bias. But creating alternative scenarios; e.g. based on ranging, bullish and bearish market manner, is a mostly safe-proof approach to the market. Based on the scenarios created, an'if-then' egy is designed to deal with whichever situation the market eventually gifts. Trade secure and prosper. KP quote
    Let us introduce insightful market analyses, charts and forecasts on major pairs/major crosses trading scenarios here primarily using higher time frames (H4 and above) or a blend of time frames.

    Each poster is free to utilize their resources and techniques for studying, assessing and forecasting the markets but also the focus of this thread is about the major pairs (i.e. EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, USDCHF and NZDUSD) and also the major crosses they shape without the USD (i.e. EURGBP, EURJPY, EURAUD, EURNZD, EURCAD, EURCHF, GBPAUD, GBPJPY, GBPCAD, GBPCHF, GBPNZD, AUDJPY, AUDCAD, AUDCHF, AUDNZD, NZDJPY, NZDCAD, NZDCHF, CADJPY, CADCHF, and CHFJPY).

    Please don't post on exotic pairs, primarily due to their lack of money and often erratic technical conduct.

    Here is a good example of what we ought to be looking for and doing with this thread.

    Price action on GBPUSD is currently in a strong reaction zone (1.37390/1.42920) which has held on a multi-year basis (See attached W1 chart). Bulls are likely to fight to break the zone northward. Should bulls break from this zone, then there is very likely to be a strong bullish continuation. But, based on the major fad, which can be southward, any upward momentum is very likely to be corrective, perhaps to aim the 1.46790. Should bears wrestle the initiative and flip the zone, then we might observe a strong bearish momentum with bears targeting the instant service zone around the 1.34810 area originally.

    Trade safe and prosper.

    KP



    Disclaimer: This Isn't a signal service nor a provision of trading information or trade calls. It's basically to discuss market investigations withn fellow traders. Each trader should trade based on their own rules and market judgments.

  2. #2
    GBPJPY was hugging a descending channel (jumped by navy coloured lines) since the start of February 2018 (See attached D1 chart). This is in fact a breakout of an ascending wedge (bound in chocolate coloured lines) which spanned the past quarter of 2017. Recent price action was hugging the mid-line of the channel using a bearish mode. A first target for bears is likely to to be the 146.630 place (magenta) however we might see their ambition extended to the 145.540 area (purple). However, should bulls manage to push price action above the mid-line, the 149.900 place might be targeted; but such a transfer is likely to be corrective as the major direction (on both MN and W1 time frames) favours the bears.

    On the H4 time period, price action is consolidating at a triangular pattern (chocolate). A breakdown of the triangle support is likely to observe bears goal the minor support round the 147.020 area. A retracement northward is likely to observe bulls goal the minor resistance round the 150.800 area.

    I am bearish with this pair but there is need to wait around for a substantial break of the triangle. A rally up will be viewed as a fantastic market chance by me. However, a breakdown of the triangle might need to be retested by bulls and rejected before I believe a sell trade.

    I might be wrong. Trade safe and prosper.

    KP





  3. #3
    Price action on NZDUSD entered a significant resistance zone (0.74560/0.76237) at July 2017 and instantly refused it southward. Since January 2018, bulls have pushed price action to retest the zone. Bears pushed price action southward from the first part of February 2018 but bulls are taking within the initiative. Although there isn't much momentum on each side, it's apparent that bulls are extremely much intent on taking the market to the 0.74560/0.76237 zone (jumped by magenta horizontal lines) from the attached monthly chart. This is the larger technical outlook which traders ought to be cognizant of, especially position and swing traders. A significant service zone is around the 0.70790 area, but this isn't a main concern at the moment; it's very likely to be a target of bears at the weeks/months ahead.

    On the daily time frame, rejection or wicky candlesticks are lined up below the 0.74560 area but the technicals are still blended. We may see a period of sideways operation before a solid push southward or northward can be sustained. An ascending trendline (black) from the low of December 8, 2017 is very likely to be an initial target of almost any southward pullback. But, it's important to know about a minor horizontal support zone (bound in red horizontal lines) just a few pips below the current loion of price action.

    Trade thrive and safe.

    KP




  4. #4
    Following is a video on EURUSD and GBPUSD trading situations using a technical perspective.

    I have no monetary interest in any video secretary.

    KP


  5. #5
    Here Is an update on the technical Standpoint about the NZDUSD. The daily candlestick was bearish and entered the immediate service zone mentioned yesterday (bound by red horizontal lines); see attached daily chart. The short-term market mood is bearish and we may see some southward pullback or sideways operation of price action. However, as long as the ascending trendline (navy) is still intact, technically the bulls continue to be favoured.

    KP




    Quote Originally Posted by ;
    Price action on NZDUSD entered a significant resistance zone (0.74560/ / 0.76237) at July 2017 and instantly rejected it southward. Since January 2018, bulls have pushed price action to retest the zone. Bears pressed price action southward from the early part of February 2018 but bulls are taking over the initiative. Even though there is not much momentum on each side, it is apparent that bulls are extremely much intent on accepting the market to the 0.74560/0.76237 zone (bound by magenta horizontal lines) from the attached monthly chart. This is the larger technical...

  6. #6
    Here's a video on situations involving EURUSD, GBPUSD plus some majors for this particular week. I have no interest from the presenter.

    Trade thrive and safe.

    KP


  7. #7
    Think about the analyses done in this video based on market arrangement. I don't have any monetary interest from the presenter.

    KP



  8. #8
    AUDUSD has been operating in an ascending station for quite a while (jumped by chocolate coloured lines at the connected W1 time period ). It has broken the station mid-line (magenta) northward although not significantly. A service trendline (navy) is also in play. Current price action is about the 38.2/50 Fib retracement zone of the swing down from the high of September 2014 into the reduced of January 2016. Any further northward move is very likely to fulfill a flat resistance round the 0.822270 region. This may present a highly feasible loion for searching for a market trading chance should bulls take price action to the degree. Alternatively, a fracture of this support trendline (navy) southward is very likely to dispose bears to target the station service or the immediate horizontal support round the 0.74690 region. As the major market direction is southward, technically this type of move is very likely to expose the 0.68750 handle, although that is still a long way.

    The intraday chart, represented by the H4 time frame, is still disposed northward inside the station. A northward rest of this monthly pivot around the 0.79920 region by price action is very likely to observe bulls target the minor resistance round the 0.81065 region, which will be in confluence with the 50 Fib retracement level. This does not preclude any sideways surgery round the 0.81065 region or even a southward retracement prior to any further northward momentum can be sustained.

    I might be incorrect. Trade safe and prosper.

    KP




Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.