TO ALL TRADERS

Nzd/Jpy

Nice inverted Head and shoulders pattern.Lets see how things pan out for a long term entry.

Trading opportunites

Eur/Jpy has formed a Bullish bar during the week after comments from ECB that they may begin bond buying .The Aussie and  New Zealand dollar are as well bullish and may continue rising on the short term as they depend a lot on the Euro region for trade.
This pair shows divergence on the RSI indicator as well which further emphasizes more bullishness.

Gold and crude where equally bullish moving to the end of the week with the renewed risk appetite that saw money flow away from the safe havens into riskier assets.Light sweet crude formed a reverse H&S pattern that was broken on the daily charts and is headed higher should the same conditions continue to prevail. 
Gold was also not left behind and is headed higher after breaking the bullish ascending triangle on the daily charts.I am expecting a minor pull back on both pairs before bullish continuation come next week as the markets continue with the renewed confidence in the Euro.

Gold must first break the 1629 resistance line that has held for a while now with the 38.2% fib level.A break above will further increase chances of more bullish price action in the coming weeks.

 Good luck trading this week and watch out for the main events.

Aud/Usd

Great call on our part with the H&S pattern on the 4hr chart for a good 90 pips or so from the break.

Still watching most pairs against the USD for opportunities.Happy trading and have a fabulous weekend.

Aud/Usd

Early morning 4hr chart on this pair.With a seemingly head and shoulders pattern.

See what comes out of it.

Global Financial crisis

This is an informative documentary on how the global financial crisis took effect.

Enjoy!!!!

This week trading tips

With the massive flight of safety in the financial markets,the US dollar has seen massive gains in the last 12 days of trading out performing most of the currency pairs tremendously. It is only the Japanese Yen that has managed to out do the Dollar which could only mean that Yen pairs are quickly on the down trend.With all the fundamental news especially from the Euro which continues to signal further losses against the Green Buck and the British pound which saw a massive move lower with the BOE change in stance to much more dovish outlook,technical analysis may have a different outlook towards the currencies this coming week.We might see some corrections with the candle stick formations on the daily and the weekly charts.

A bullish bar on the daily chart at the end of the week may signal some impending strength by the Euro for a small correction before reverting to its bearish momentum.There are still too many issues especially with Greece and Spain that recorded massive capital outflow from its banking system signalling fear by investors on the outcome that may befall on its Euro counterpart.A bullish bar formed Friday which may see some bullish or sideways market this week before continuation down.

There is some divergence on the Daily chart with the RSI.The two currency move more or less in the same way being neighbors but price action from last week may indicate some correction before continuation as well.

 Cable formed some sought of a pin bar from the 50% retracement fib from Aprils highs that was unable to get past the 200 Moving average.A break above this may be some sign of a correction but we will wait and see how it pans out.

And finally,the Canadian dollar has broken an ascending trend line on the weekly charts and is right at the 61.8% fib line taken from the march highs and late last years lows.A break below this fib level may signal further strengthening of the Yen which has been very impressive in the last few trading days. 
This in my opinion may offer some great trading opportunities this coming week .Good luck trading out there and stay safe.