Σενάρια…Σήματα…και ανοιχτά trades..
September 4, 2017
Τσακίζοντας κεφάλια και ώμους
September 4, 2017

Good day to all….after an excellent Friday where we caught the bearish side in USDJPY ……

 

…and the bullish side of EURUSD since the lows from last Thursday…

 

 

the picture remains unchanged….EURUSD supported and USDJPY under pressure for a move below 109.

 

 

EURUSD supported by the 4 hour Kumo and USDJPY breaking below the Kumo after giving a bearish signal by breaking the ascending wedge pattern.

 

I warned USDJPY bulls on time….109.15-109 is short-term support. Failure to hold it will open the way for 107. EURUSD, 1.1850 is key support. Failure to hold it will open the way for 1.17.

GBPUSD

Another test of the broken trend line, another rejection. Short-term resistance is at 1.2965 and could be used as a tight stop for a short position.

 

USDCAD

Diverging RSI with new lows in price. Oil at important channel and cloud resistance, we could see another bounce in USDCAD towards 1.2550-1.26

AUDUSD

Trading above the cloud, making higher highs and higher lows. Key support at 0.79. Closed my position partially on Friday on the big spike up to 0.7985. (SMS sent regarding our long EURUSD and AUDUSD closed)

 

I continue to be bullish for a move above 0.8050.

 


That is all for now….keep following on twitter for more analysis…thank you for taking the time to catch up on my thinking.

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.