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AUDJPY head and shoulders format

January 17, 2010 By Raj Leave a Comment

The following is the four hour chart of AUDJPY currency pair as of Jan. 17th., around 10 PM EST. If you observe the graph you can see that a head and shoulders format is formed. Even though the shoulders are not of equal height we can still say that this is an head and shoulders format. You can see the neck line also. If the neck line is broken with a strong bearish candlestick I think its a better opportunity to enter a short trade. What do you guys say?

AUDJPY Four Hour Chart:

AUDJPY Head And Shoulders Format

AUDJPY Head And Shoulders Format

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AUDNZD head and shoulders format

January 17, 2010 By Raj Leave a Comment

The following is the hourly chart of AUDNZD as of Jan. 17th, 10 PM EST. If you observe this you can see that there is a head and shoulder format is formed with a neck line. If the neck line is broken with a strong bearish candlestick its a good opportunity to go for a short trade. What do you guys say?

AUDNZD Hourly Chart:

AUDNZD Head and Shoulders Format

AUDNZD Head and Shoulders Format

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GBPCHF daily chart in channel lines

January 17, 2010 By Raj Leave a Comment

The following is the GBPCHF daily chart as Jan. 17th around 10PM EST. If you observe the chart you can see that it is going in trend lines. Moreover currently there is a resistance line also. You can observe the resistance line clearly in the four hour chart. So even if the chart crosses this resistance line the chart may go up to the upper channel line and then it may reverse. Because by that time the daily chart CCI and Stochastics will be completely in the overbought region.

Check the following daily and four hour charts.

GBPCHF Daily Chart:

GBPCHF Daily Chart

GBPCHF Daily Chart

GBPCHF Four Hour Chart: 

GBPCHF Four Hour Chart

GBPCHF Four Hour Chart

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CHFJPY long trade opportunity in four hour chart

January 17, 2010 By Raj Leave a Comment

The following is the four hour chart of CHFJPY as of Jan 17th 7 PM. If you observe the chart you can see that there are two support lines. The first support line was broken earlier but the 2nd support line is strong. Moreover the CCI and Stochastics both reached the oversold region. Now they are trying to cross above the oversold region. So this is a good opportunity to enter a buy trade. But you have to be careful here. Because the first support line may act as the resistance and it may reverse back. So the best way is enter two trades, one trade take the profit when the price reaches the first support line and for the second one, when the price reaches the first support line move the stop loss above the entry point. What do you guys say about this trade?

Check the following picture.

CHFJPY Long Trade Opportunity

CHFJPY Long Trade Opportunity

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EURCAD long trade opportunity

January 17, 2010 By Raj Leave a Comment

The following is the EURCAD hourly chart as of Jan. 17th, around 7 PM EST. If you observe the chart you can see that

1) There is a resistance at the bottom of the chart.

Observe the four hour chart also. You can see that there also a resistance is there. I marked it as 1st resistance. If you observe there is another resistance forming which I marked it as 2nd resistance. If at the end of this four hour candlestick if a bullish engulfing cnadlesticks are formed I think that is a very good opportunity for a long trade for this currency pair. What do you guys say?

eurcad long trade opportunity one hour chart

eurcad long trade opportunity one hour chart

eurcad long trade opportunity in four hour chart

eurcad long trade opportunity in four hour chart

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EURAUD long trade opportunity in four hour chart

January 17, 2010 By Raj Leave a Comment

The following is the EURAUD four hour chart as of Jan. 17th 6 PM EST. If you observe the chart

1) There is a resistance at the bottom of the chart

2) CCI was in oversold region and crossed above the -100 line already.

3) Stochastics was in oversold region and crossed above tht 20 line.

All these conditions are favoring for an upward movement for this currency pair. What do you guys say?

Check the following four hour chart for this currency pair.

euraud long trade opportuntiy in four hour chart

euraud long trade opportuntiy in four hour chart

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EURUSD short trade opportunity

January 14, 2010 By Raj Leave a Comment

The following is the eurusd hourly chart as of Jan. 14th, 2010 around 12 AM EST. If you observe the graph you can see the there is a support line which was broken. But in the hourly chart the CCI and Stochastics have reached the oversold region. So temporarily the graph may rise up and then the support line may act as a resistance. Then it will come down again. Observe the daily chart also for the this currency pair. There is a strong bearish candlestick forming. Check the following pictures.

EURUSD hourly chart

EURUSD hourly chart

eurusd daily chart

eurusd daily chart

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EURJPY short trade opportunity

January 14, 2010 By Raj 1 Comment

The following is EURJPY 4 hr chart as of Jan. 15th 12 AM EST. If you observe the chart you can see that there is a resistance line at the bottom of the chart and the resistance line broken with a strong bearish candlestick. Moreover CCI and Stochastics haven’t reached the oversold region yet. I am thinking that it will follow a downtrend now. What do you guys say?

EURJPY short trade opportunity

EURJPY short trade opportunity

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AUDCHF fourhour chart short trade opportunity

January 14, 2010 By Raj Leave a Comment

The following is the AUDCHF four hour chart as of Jan. 14th, around 4 PM EST. If you observe the graph

1) There is a resistance at the top of the chart.

2) A bearish engulfing candlesticks are formed at this resistance.

3) CCI is in overbought region and trying to cross below the 100 line.

4) Stochastics is in overbought region and trying to cross below the 80 line.

All the above conditions are favoring for a downward movement. So I think it’s a good time to see this currency pair. What do you guys say?

audchf four hour short trade opportunity

audchf four hour short trade opportunity

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USDCHF hourly chart in a channel

January 13, 2010 By Raj Leave a Comment

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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