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Tech Analysis by Alex

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  #1  
Old 27-10-2017, 06:44
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Default Tech Analysis by Alex

Hello!

I decided to do something useful for other traders, especially for newbies.
I'm going to share my technical analysis and forecast on different currency pairs. I don't tell you that my analysis and trading ideas are absolutely right, I just focus on my decisions and write about signals I see on the market.
Hope it will be useful for traders.

If you want to discuss something, feel free to comment here or write a private message to me!

Best regards,
Alex
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  #2  
Old 27-10-2017, 08:42
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Default Re: Tech Analysis by Alex

My yesterday's assumptions for GBP/USD were confirmed. There are aggressive sales now. Today’s key event is the publication of the report on US GDP - 12:30 (GMT). I’ll sell the pair, if it fixes below the 1.3075 local support. It may move to 1.3025.
At the same time, I don’t exclude a technical correction. I’ll buy GBP/USD, if it fixes above 1.3115. It can move to 1.3150-1.3160.
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  #3  
Old 27-10-2017, 08:44
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Default Re: Tech Analysis by Alex

I expect emerging of a bearish sentiment on the USD/JPY currency pair. The price held the 114.30 local resistance. It triggered aggressive sales. Local extremes changed on the M5 timeframe. I値l sell USD/JPY after it fixes below 114.05. It can move to 113.75. This deal will be short-term and speculative.
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  #4  
Old 30-10-2017, 13:13
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Default Re: Tech Analysis by Alex

The US dollar has strengthened comparing to majors during the last week. The dollar index grew by more than 1.2%. The support was provided by the positive economic reports, the growth of the government bonds yield and the prospects for the US tax reform implementation. Nevertheless, I don稚 exclude a technical correction in the near future.

USD/CHF currency pair is consolidating in the 0.9965-0.9990 range at the moment. I値l sell the pair, if the price fixes below 0.9965. It may move to 0.9935-0.9915.
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  #5  
Old 30-10-2017, 13:16
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Default Re: Tech Analysis by Alex

The bearish sentiment prevails on USD/JPY now. The price is testing the 113.55 local support level. I expect a further drop of the quotes. I値l sell the pair with a trailing stop, if the price fixes below the 113.55 level. It may move to 113.35-113.00.
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  #6  
Old 31-10-2017, 10:36
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Default Re: Tech Analysis by Alex

My expectations for USD/JPY confirmed. The asset has the potential for the further decline. I値l wait for the correction to 113.35-113.55. I値l open short positions (using a trailing stop) if the pair reaches this zone. It may move to 113.00-112.65.
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  #7  
Old 01-11-2017, 09:35
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Default Re: Tech Analysis by Alex

The Fed meeting is in the center of attention today. Most likely the regulator will leave its interest rates at the same level. The central bank may highlight the time for the next monetary policy tightening. The probability of increasing the interest rate in December exceeds 95% now.

There were aggressive purchases on NZD/USD during the Asian trading session. This happened due to the publication of a positive report on the NZ labor market. Nevertheless, I don稚 exclude a technical correction in future. I値l open positions from key levels.

I値l sell NZD/USD, if it fixes below the 0.6900 round level. It may move to 0.6875-0.6860.
I値l open long deals, if the pair fixes above the 0.6925 local resistance. It may move to 0.6950-0.6975.
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  #8  
Old 01-11-2017, 09:39
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Default Re: Tech Analysis by Alex

The bullish sentiment prevails on USD/JPY. The price tests the 114.00 round level. I expect the further growth of this pair. The support for USD is provided by the growth of the US government bonds yield. I値l buy USD/JPY, if its quotes fix above the 114.00 level. It may move to 114.30-114.50.
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  #9  
Old 02-11-2017, 09:46
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Default Re: Tech Analysis by Alex

Bears are dominating on USD/CAD now. The current technical pattern indicates the further correction. I値l sell the pair after it fixes below the 1.2825 level. Take profit goal is at 1.2780. It may reach 1.2715 in the medium term.
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  #10  
Old 02-11-2017, 09:51
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Default Re: Tech Analysis by Alex

Aggressive sales were observed on AUD/USD during the Asian trading session. The price is testing the 0.7700 mirror support level now. I値l open deals in the current trend direction and think that the pair has the potential for the further growth. I値l buy AUD/USD when it fixes above 0.7710. It may move to 0.7750.
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  #11  
Old 03-11-2017, 09:56
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Default Re: Tech Analysis by Alex

The report on the US labor market is at the center of attention today. Experts expect the improvement of the key figure. The preliminary statistics from ADP was optimistic. I also recommend paying attention to the index of business activity in the non-manufacturing sector of the US from ISM. I expect high volatility on the market today and I won稚 trade but just watch the market. The key levels:

EUR/USD
support: 1.1630, 1.1580
resistance: 1.1675, 1.1740
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  #12  
Old 03-11-2017, 10:09
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Default Re: Tech Analysis by Alex

USD/JPY
support: 113.75, 113.00
resistance: 114.30, 115.00
I値l be back to trading next Monday, and wish you all nice profits!
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  #13  
Old 06-11-2017, 10:30
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Default Re: Tech Analysis by Alex

The US published mixed data on the labor market on Friday. At the same time, the index of business activity in the US non-manufacturing sector was positive. It supported the US dollar.
The bearish sentiment prevailed on EUR/USD and it is consolidating in the 1.1600-1.1620 range at the moment. I値l sell the pair, if it fixes below the 1.1600 round level. It may move to 1.1550.
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  #14  
Old 06-11-2017, 10:36
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Default Re: Tech Analysis by Alex

USD/CHF is in the flat for quite a long time. The price is testing the 1.0035 key local support now. The triangle figure emerged, but it is not so strong. I expect the further growth of this pair and will buy it in case the quotes fix above 1.0035. The asset may move to 1.0050-1.0075.
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  #15  
Old 07-11-2017, 10:19
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Default Re: Tech Analysis by Alex

The Reserve Bank of Australia left the key interest rate at the previous level of 1.50% today. The central bank is concerned about the situation on the real estate market and the wages level. AUD/USD is dominated by bears now. I plan to open positions in the current trend direction. I値l sell the pair, if the price fixes below the 0.7650 mark. It may move to 0.7600.
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  #16  
Old 07-11-2017, 10:27
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Default Re: Tech Analysis by Alex

Aggressive sales are observed on EUR/USD. It overcame the 1.1580 key support level. I expect the further drop. On the daily chart, the currency pair has a good potential for declining. I値l sell it, if the price fixes below 1.1565. It may move to 1.1525-1.1500.
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  #17  
Old 08-11-2017, 10:13
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Default Re: Tech Analysis by Alex

Bears prevail on USD/JPY. The price is testing the 113.65 local support. I think it will fall further. I値l sell the pair with a trailing stop, if it fixes below 113.65. It may move to 113.25-113.00
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  #18  
Old 08-11-2017, 10:19
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Default Re: Tech Analysis by Alex

The technical pattern on GBP/USD indicates the downward trend. The pair has retained the 1.3170 key resistance level, it triggered aggressive sales. The price is testing the 1.3120 mirror support. I値l sell the pair of it fixes below 1.3120. It may move to 1.3075-1.3050. This deal will last several days.
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  #19  
Old 09-11-2017, 10:29
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Default Re: Tech Analysis by Alex

USDJPY has retained the 114.0 round level, it caused a downward trend. It is testing the 113.45 local support at the moment. I expect the further fall of the quotes and will sell the pair, if it fixes below 113.45. it may move to 113.00
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  #20  
Old 10-11-2017, 10:33
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Default Re: Tech Analysis by Alex

Bulls prevail on EUR/USD. The pair has overcome the 1.1650 mark, it is already the mirror support. I don稚 exclude the further growth of the quotes. I値l wait for the retest of 1.1650 and will buy EUR/USD, if it retains this level. It may move to 1.1700.
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  #21  
Old 13-11-2017, 12:43
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Default Re: Tech Analysis by Alex

An interesting technical pattern appeared on USD/CAD. It is testing the 1.2695 mirror support level now. I expect a bullish sentiment soon.. I値l buy the pair, if it fixes above the 1.2710 local resistance. It may move to 1.2735-1.2760.
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  #22  
Old 15-11-2017, 11:53
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Default Re: Tech Analysis by Alex

An interesting technical pattern has appeared on GBP/USD. I have identified the Bearish engulfing PA pattern. I expect emergence of a downward trend. I値l sell the pair with a trailing stop, if it fixes at 1.3160-1.3175. it may move to 1.3135-1.3100.
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  #23  
Old 16-11-2017, 09:40
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Default Re: Tech Analysis by Alex

EUR/USD has retained the 1.1850 key level. It triggered a correctional movement. I expect the further fall of the quotes and will sell the pair after it fixes below the 1.1770 local support. It may move to the 61,8%-78,6% correctional zone.
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  #24  
Old 20-11-2017, 12:58
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Default Re: Tech Analysis by Alex

Bulls dominate the EUR/USD pair. The 1.1800 round level is the nearest resistance level. I plan to open deals in the current trend direction. I値l buy the pair, if it fixes above 1.1800. The goal for taking profit is the 1.1840 local support. Entry points into the market may appear within a few days.
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  #25  
Old 20-11-2017, 13:06
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Default Re: Tech Analysis by Alex

Bears dominate the USD/JPY pair for a long time already. The daily chart shows us that there may be a further fall in future. I plan to wait for a correction to 112.45-112.70. I値l sell the pair, if it reaches this zone. The goal for taking profit is 112.00.
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  #26  
Old 21-11-2017, 10:13
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Default Re: Tech Analysis by Alex

There is an interesting technical pattern on AUD/USD. It has retained the 0.7530-0.7540 local demand zone. AUD/USD has the potential for a correction. The confirming signal is the Bullish engulfing PA pattern. I値l buy the pair, if it fixes above the 0.7570 resistance level. The goal for taking profit is 0.7600.
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  #27  
Old 21-11-2017, 10:25
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Default Re: Tech Analysis by Alex

GBP/USD retained the 1.3260-1.3275 offer zone today. It triggered a bearish sentiment. I don稚 exclude the further fall of the quotes and will sell the pair if it fixes under the 1.3220 mirror support level. It may move to 1.3180.
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  #28  
Old 22-11-2017, 10:24
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Default Re: Tech Analysis by Alex

Bears prevail on the USD/JPY pair. It has reached 112.00. I値l open deals in the current trend direction and sell the pair, if it fixes below 111.95. It may move to 111.50.
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  #29  
Old 22-11-2017, 10:36
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Default Re: Tech Analysis by Alex

An interesting technical pattern is on EUR/USD now. The price has retained the 1.1770 resistance level. It triggered a bearish sentiment, so I don稚 rule out the further fall of the EUR/USD quotes. I値l sell the pair, if it fixes below the 1.1750 mirror support level. It may move to 1.1725-1.1715.
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  #30  
Old 23-11-2017, 10:32
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Default Re: Tech Analysis by Alex

The FOMC protocols indicated that officials are concerned about a low inflation level in the country. The US dollar has significantly weakened.

My yesterday's forecasts for USD/JPY were confirmed. The yen rose against the US dollar by more than 125 points. The quotes are consolidating in the 111.10-111.35 range of. I don稚 exclude a technical correction in the near future. I plan to open positions from key levels.

I値l buy the pair, if it fixes above the 111.35 resistance level. It may move to 111.60.
I値l sell, if USD/JPY fixes below 111.10. It may move to 110.75-110.50.
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  #31  
Old 23-11-2017, 10:37
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Default Re: Tech Analysis by Alex

Bulls prevail on AUD/USD, I don稚 rule out the further growth of this pair, so I値l open deals in the current trend direction. I値l wait for the retest of the 0.7620 mirror support level and will buy the pair when it reaches this mark. It may move to 0.7650.
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  #32  
Old 24-11-2017, 09:47
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Default Re: Tech Analysis by Alex

I think that the activity will be low today due to the US holidays.
The bullish sentiment prevails on USD/CAD. The Canadian dollar is under pressure due to the report on retail sales. I don稚 rule out the further quotes growth. I値l buy USD/CAD, if it fixes above the 1.2735 local support. The pair may move to 1.2760-1.2775.
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  #33  
Old 24-11-2017, 09:52
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Default Re: Tech Analysis by Alex

Buyers prevail on the EUR/USD pair. I expect the further growth in the medium term. The TA pattern called Inverse Head & Shoulders emerged on the daily chart. It indicates a bullish sentiment, so I値l buy EUR/USD when it fixed above 1.1870. The nearest goal for taking profit is 1.1900.
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  #34  
Old 04-12-2017, 10:48
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Default Re: Tech Analysis by Alex

The demand for the American currency has grown. The US Senate approved a bill on tax reform this weekend.

There is a correction of the GBP/USD quotes. The asset has the potential for the further fall. The price is testing the 1.3425 local resistance. I値l sell the pair, if it fixes under 1.3425. It may move to 1.3380-1.3340.
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  #35  
Old 04-12-2017, 10:50
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Default Re: Tech Analysis by Alex

Bulls prevail on USD/JPY. This asset opened with more than a 50 pips gap. The pair got to the 112.65 local support and is testing the 113.00 mark now. I think that it will grow further, so I斗l buy this pair, if it fixes above 113.00. The target movement may be to 113.50.
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  #36  
Old 05-12-2017, 14:46
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Default Re: Tech Analysis by Alex

The demand for the US dollar is at a high level now.
Since the beginning of the week, EUR/USD is in the flat. The technical pattern is ambiguous. I致e identified the following key nd resistance levels: 1.1840 and 1.1875. I値l open deals after the price fixes above/below these marks.
I値l sell, if it fixes below the 1.1840 support level. Take profit at 1.1810.
I値l buy, if it fixes above 1.1875. It may move to 1.1925.
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  #37  
Old 06-12-2017, 12:19
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Default Re: Tech Analysis by Alex

Bears dominate on the AUD/USD pair. It happens due to a weak report on the GDP of Australia. I値l open deals in the current trend direction and wait until the pair moves to the 0.7600 round level. I値l sell it after it reaches this mark. The nearest goal for taking profit is 0.7575. The pair may move to 0.7555-0.7550.
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  #38  
Old 07-12-2017, 10:27
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Default Re: Tech Analysis by Alex

Bulls prevail on USD/JPY. I expect the further quotes growth. The Bullish engulfing PA pattern has appeared near the 112.65 resistance pattern. I値l buy the pair if it fixes above 112.65. The nearest goal for taking profit is 113.00.
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  #39  
Old 07-12-2017, 10:33
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Default Re: Tech Analysis by Alex

A downward trend has been on EUR/USD since the beginning of the week. The demand for the US dollar remains at a high level. I値l open deals in the current trend direction and will sell the pair with a trailing stop, if it fixes below the 1.1780 local support level. It may move to 1.1750-1.1720.
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  #40  
Old 08-12-2017, 09:33
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Default Re: Tech Analysis by Alex

The report on the US labor market is at the center of attention today. Experts expect that in November the number of people employed in the non-agricultural sector of the country will slow down. The preliminary report from ADP exceeded the market expectations. At the same time, the index of business activity in the US non-manufacturing sector from ISM fell by 4.5% to 57.4. I expect high volatility, so I won稚 trade today. Anyway, I defined the following key levels:

EUR/USD
support: 1.1720, 1.1650
resistance: 1.1760, 1.1800
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