USDCHF hourly chart in a channel

The following is the USDCHF hourly chart as of Jan. 13th, 2010, 11 PM. If you observe the chart it you can see that it is going in a channel. It can break the channel in any direction. But you observe the daily chart you can see that the trend is downwards. So there is a large probability that it will break the channel in the downward direction. It my break in the upward direction also. But I will enter the trade only if it breaks in the downward direction since the daily trend is in the downward direction. Check the following pictures.

USDCHF Hourly Chart:

USDCHF hourly chart in a channel

USDCHF hourly chart in a channel

USDCHF Daily Chart:

USDCHF Daily Chart

USDCHF Daily Chart

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EURNZD going in a channel

The following is the hourly graph for EURNZD as of Jan. 13th., 10 PM EST. If you observe the graph you can see that the chart is in a channel. It may break in any direction. But if you observe the daily chart you can see that the trend is clearly downwards. So there are more chances of breaking the channel in the downward direction. It may break in the upward direction also. But I will enter the trade only if it breaks in the downward direction. Check the following pictures of EURNZD currency pair for hourly and daily charts.

EURNZD Chart Hourly Chart:

EURNZD hourly chart going in a channel

EURNZD hourly chart going in a channel

EURNZD Daily Chart:

eurnzd daily chart

EURNZD daily chart

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EURGBP double tops neckline broken with a strong candlestick

The following is the 4 hour chart of EURGBP as of Jan 13th., around 3 PM EST. If you observe the graph you can see that

1) Double tops is formed for this currency pair.

2) The neck line is broken with a strong bearish candlestick.

3) There is another resistance at the bottom.

So I am thinking that the chart will come down to the next resistance line as the neck line is broken.  what do you guys sya?

eurgbp double tops neck line broken in 4 hr chart

eurgbp double tops neck line broken in 4 hr chart

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GBPCHF short trade opportunity

The following is the GBPCHF hourly chart as of Jan. 13th, 3 PM EST. If you observe the chart you can see that

1) There is resistance line at the top

2) There is a bearish candlesticks formed at the resistance line.

3) The CCI and Stochastics are going down from the overbought region.

According to all the above points I am thinking that it will go down now. So I am thinking its a good opportunity for a short trade. Check the following picture.

GBPCHF short trade opportunity

GBPCHF short trade opportunity

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EURJPY long trade opportunity

The following the EURJPY 4 hourchart as of Jan. 12th, 2AM EST. If you observe the chart you can see that

1) There is strong support line at the bottom of the chart.

2) The CCI has reached the oversold region and now it is trying to cross above the -100 line.

3) The Stochastics has reached the oversold region and now trying to cross above the 20 line.

So I think once the candlestick is completed its a good idea to go for a long trade. Check the following picture.

EURJPY long trade opportunity

EURJPY long trade opportunity

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