Wednesday, April 30, 2014

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USDCAD PRICE MOVE BACK ABOVE 100 MA DAILY CHART

By looking the daily chart above I buy USDCAD just above the 100 MA daily chart. The reason why i buy USDCAD is that, the price didn't continue moved downward after the price break the 100 MA on the daily chart. And support remembered line seems to hold the upward momentum. If the price will move back below the 100 MA the buy position should be close.

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AUDUSD MARKET PRICE BELOW THE HOURLY 100 MA

Looking at the chart above the price is below the hourly 100 MA, I am selling the AUDUSD just below the 100 MA line and expected the price to continue moving downward. But if the Price will reverse above the 100 MA, i should close the sell position.
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EURUSD TENDS TO HOLD HOURLY RESISTANCE LINE


Selling below the hourly resistance line and expected to go lower. And when the price will reverse and move up stop should be just above the two high of hourly period.

Wednesday, April 2, 2014

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EUR/USD MOVE BELOW MA 100 IN H1

EUR/USD attempting to move/up from the MA 100 in H1 after the report of

USD Factory Orders (FEB) Medium 1.6% 1.2% -1.0%
next target will be 1.3745 support line from lowest price of H1.
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