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Recent Posts
- Trade Idea Wrap-up: USD/CHF – Buy at 0.8970
- Weekly Review and Outlook: Risk Recovery Short Lived, Dollar to Extend Rally in a Busy Week ahead
- Trade Idea: EUR/JPY – Sell at 104.50
- EUR/USD Short Term Bear Flag?
- Liquidity Crisis? A Currency Perspective
- GBP/USD Candlesticks and Ichimoku Analysis
- Euro Area: Debt Crisis Set to Continue for Years
- GBP/USD Medium Term Downchannel and the QE Debate
- Trade Idea: USD/CHF – Buy at 0.8710
- Trade Idea: USD/CHF – Buy at 0.8440
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Stalking Archive
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GBP/JPY Stalking Pullback for Confirmation
Posted on July 12, 2010 | No CommentsThe 4H chart shows the pair bouncing off a 61.8% retracement level. Momentum has been ranging, but there is a slight bearish bias looking at the RSI levels in the 4H chart. The 1H RSI broke below 40 reflecting momentum of the current bearish attempt.... -
EUR/GBP: Stalking Possible Topping Action
Posted on July 7, 2010 | No CommentsThe Euro has been gaining against the Pound since last week. This is in the context of a downswing since mid-March. Therefore, the overall mode is still bearish. You can see that more clearly in the daily chart. The 1H chart shows some short-term topping... -
NZD/USD: Stalking an AB=CD Retracement Pattern
Posted on July 6, 2010 | No CommentsIn the daily chart above, I will start by pointing out a sharp decline after the market reached the 0.8150 area. This was just below 78.6% retracement level, and the declining channel resistance. It was testing the 200-day simple moving average, which proved to be... -
EUR/USD: Stalking Wedge Pattern; Bias is Further Rally
Posted on July 5, 2010 | No CommentsThe EUR/USD pair started this week consolidating last week’s gains. Price action has developed into a wedge. The bearish divergence suggested a bearish attempt, and we are seeing one, albeit very weak. There may not be a lot of trading in the US session today,... -
USD/CAD: Stalking Sideways Action
Posted on July 5, 2010 | No CommentsThe 4H chart shows the market in a possible topping pattern near 1.0680. The USD/CAD has been in an uptrend and a channel, and there is a possibility of another bearish attempt towards the 1.08 area. With that said, if them arket breaks above the... -
AUD/USD Avoids NFP Volatility; Stalking Correction Rally
Posted on July 2, 2010 | No CommentsToday, many USD and JPY pairs were volatile during the NFP release. However, AUD/USD did not, so it was unaffected by this event risk. The AUD/USD pair has corrected its downswing to 0.83 but has stalled at 0.85. Looking at the daily and 4H chart,... -
NZD/USD: Stalking Double Top Action
Posted on June 24, 2010 | No CommentsThe NZD/USD pair has had a strong run in the last couple of weeks. This rally break out from a consolidation zone between 0.6850 and 0.6550, and has reached 0.7160. This reaches a pattern breakout projection. It is also important to note the test of... -
EUR/USD: Stalking Topping Action
Posted on June 21, 2010 | No CommentsThe 1.24/1.25 level is a resistance zone as mentioned last week. However, the market may not have finished topping off, and therefore bearish outlooks at the moment may be premature. The 4H RSI shows the bullish momentum unable to show overbought signs. OB signs at... -
GBP/JPY Stalking Gartley Retracement
Posted on June 15, 2010 | No CommentsThe daily chart of the GBP/JPY shows a rally attempt projecting towards 140 area to complete a gartley retracement pattern. The RSI momentum shows an ability to rise above 50 and stay above its own 5-period. simple moving average. The RSI in the 4H chart...