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pepy
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Everything posted by pepy
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Yes i agree with your myregister. Still the most important indicator in foreign exchange is actually news. That is what affected the market so much more than we ever know. The important of news right now is something that we cannot deny. Just see what happens when NFP out or when FOMC decided to raise US rates.
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Emotions is tied to foreign exchange so much and even help us to become worse trader and easily swayed by our own emotions especially to something called greed and then fear. I agree with don't mix it as to reduce more risk but i do believe that we must eliminate that emotions that will only make trading worse than before.
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AUDUSD on h1 chart also under bullish sentiment, it is because seller lose their influence with doji formed on previous candle. The other indicator such as RSI and Stochastic seen to rise to the higher level which means bullish influence while Parabolic SAR and EMA100 is moving below the current price, while mACD in the green zone formed higher high. The bias is bullish and the target is at 0.7665
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AUDCHF seems having less interest to bearish. The price formed morning star and it is an indication for bullish sentiment. Not to mention the price is able to break pivot line without much problem. MACD is showing that the bar inside of green zone with higher high formed. Parabolic SAR and EMA100 both bullish with both are moving below of the price. Bias is bullish and the next target is at 0.7445
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At least on AUDJPY breakout is happened. The price successfully break the middle band and also EMA100 resulting the price fall further. Parabolic SAR here falling down and above the current price indicated for bearish trend. RSI(14) on the other hand is rising to level 50. Stochastic and MACD is different. Stochastic fell to level 42 while MACD formed higher low on the red zone. So the conclusion is AUDJPY may fall towards 76.25
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H1 chart. Parabolic SAR is moving above the price supported by 2 indicators where RSI(14) fell down to around level 45 and Stochastic (5,3,3) which fell down to around level 29. MACD in this chart doesn't seems will have great bearish but the price formed higher low on the red zone means weak bearish. EURGBP's bias is overall bearish with target at 0.8565 which is EMA100 and 1st resistance.
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There are 2 patterns which i saw here, first big white candle and bullish engulfing pattern on 30 minutes chart. In this chart Parabolic SAR is moving below the price means bullish, RSI(14) rise to level 45 while MACD(12,26,9) formed higher high on green zone while Stochastic (5,3,3) feel down to level 67. Silver's bias is bullish now with target as high as 19.890
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Not just Hanging man spotted on 1 hour chart of USDCAD, but there was breakout and it happened with the price which break EMA100 line and closed down below. RSI(14) and Stochastic(5,3,3) seems fell down to 24 and 30 respectively while MACD formed lower low in green zone which means bearish. Parabolic SAR is moving above the price means bearish. Based on that all, the bias is bearish with target at 1.3055
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It seems there is morning star formed on this h1 chart. Not just that the price also able to break the daily pivot and moreover closed below that line. RSI(14) in this chart fell down to level 37 and Stochastic(5,3,3) fell down to level 23. MACD(12,26,9) formed lower low on the green zone which means bearish, moreover Parabolic SAR is bearish with moving above the current price. USDCHF bias is bearish target at 0.9720
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USDJPY on 1 hour time frame chart has been under bearish sentiment for a while thanks to EMA100's breakout and Parabolic SAR movement which is moving above the curren price. There is morning star also spotted make it worse. RSI(14) in this chart rise to level 47, but MACD(12,26,9) in the green zone and formed lower low. The bias is bearish and may fall up to 100.05
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GBPJPY trend towards bearish sentiment is pretty much strong especially after the price failed to break EMA100 and isntead rejected, also the price currently able to break the lower band and closed below. Parabolic SAR is moving above the price means bearish, MACD formed lower low on red zone, but RSI(14) rose a bit to level 49. Overall the trend is bearish for this pair and may fall towards 130.35 at most.
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Wedge pattern spotted on GBPCHF 30 minutes chart, in long term it will be bearish but it seems correction will happened since i spotted hammer. Parabolic SAR is below the price, while MACD formed higher low on red zone means weak bearish. RSI(14) in this chart rose to level 54 while Stochastic (5,3,3) fell down towards 32. It may fall up to around 1.2660 before got correction.
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Breakout seems too strong for CADJPY it seems the price still under bearish sentiment. It observed that EMA100 is facing down while Parabolic SAR do the same with move above the current price. RSI in this chart fell down to around 48 while Stochastic as we know also fell down to level 31. MACD(12,26,9) formed higher low but in red zone so it seems like a weakening bearish. Bias is bearish and may fall towards 76.41.
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On H1 chart EURCHF trial to break EMA100 and closed above once again failed thus drive the price to lower price now. Not just that bearish engulfing pattern also spotted on this chart leading that the price right now under bearish sentiment. RSI(14) fell down to 40, Parabolic SAR is moving above the price, MACD(12,26,9) on red zone formed higher lows which means weak bearish. Overall the bias is bearish and may fall towards 1.0875
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Gold on h1 chart saw the breakout of EMA100 and also single big white candle formed, the price also seen break the upper band and closed above. Not just that Parabolic SAR is moving below the current price while EMA100 follow the same. MACD(12,26,9) formed higher high on green zone and Stochastic rose to level 45. The difference is just RSI(14) it fell to level 62. Bias is bullish and target at 1336.90
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Rejection from EMA100 indicate that NZDUSD is under bullish sentiment, it is strong enough to drive the price to higher level, moreover it seems that Parabolic SAR and EMA100 also moves below the current price. RSI(14) in this chart rise to around level 57 while MACD(12,26,9) formed lower high on the green zone which means weak bullish. Overall NZDUSD is bullish and the price may rise up to around 0.7370
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EURUSD's price on 1 hour time frame successfully break the middle band and also EMA100 make it effectively closed above those two line. Parabolic SAR also moves below the current price indicated the bullish sentiment, while RSI(14) seems rise to level 60 and MACD(12,26,9) in the green zone area now plus with higher high formation. With this condition, EURUSD technically is bullish and the target at 1.12052
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Inverted Hammer spotted on 1 hour time frame of GBPUSD and not just that the big black candle also formed. RSI(14) in this chart effectively rise to around level 63 and Parabolic SAR also moves below the curren price and this means this pair is bullish. MACD(12,26,9) formed higher low and located on the green zone. With this condition, GBPUSD technically is bullish and the target at 1.30554
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EURAUD on 1 hour chart observed to be under bearish sentiment especially with bearish engulfing pattern spotted here. The price also able to break middle band and closed below. Thanks to that it seems all indicators are bearish. RSI and Stochastic fell to lower level. Parabolic SAR is bearish with its move above the price, MACD(12,26,9) also formed lower low on red zone. The next target is at 1.4635
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Based on the 1 hour time frame chart we have here it seems that EURGBP still has some resistance. The price itself still holding its position for few days and up to now. The potential for bullish movement is still possible with the target at 0.8620 up to 0.8695. RSI(14) in this chart rose to level 46 and MACD on the green zone with lower lows.
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AUDUSD yesterday failed to closed its position on EMA100 and this all based on 1 hour time frame chart. There is possibility this pair will continue its movement. RSI(14) and Stochastic(5,3,3) both rose but seems limited where RSI rose to level 78 and Stochastic rose to level 67. This pair under bearish trend and may fall towards 0.7615
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Even on the limited range, EURJPY on h4 time frame chart still above to hold its bearish movement. With the price break through the middle band and closed lower. RSI(14) and Stoch are both showing the bearish sentiment for this pair.MACD (12,26,9) might be the key with this indicator formed on red zone. I think this pair may fall to 111.80 at most.
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Cadjpy based on 30 minutes chart observed to fell down. Middle band is broken by the price and now closed below middle band. EMA100 still is above the price which means bearish signal. RSI(14) fell down to level 23. It seems that bearish trend is valid for CADJPY. Overall we can say that CADJPY may fall dow further to at most 76,65
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Bullish sentiment detected on 1 hour time frame of GBPJPY pair. Not just that the price succcessfully break the middle band before formed bullish engulfing pattern. RSI(14) in this chart rose to level 68 while Stochastic(5,3,3) rose to level 36. MACD (12,26,9) in this case is in the red zone with higher low formation. Well based on that the conclusion for GBPJPY will rise to 133.27
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On H1 chart USDCAD 2 big black candles formed and the price is breaking the middle band successfully. RSI(14) observed to rise up to level 49 while Parabolic SAR is bearish with move above the price. MACD in this chart observed to be in red zone with lower low formation. I think the target is at 1.3210 first before fall a bit to 1.3195.