Only charts

The pair has pulled back slighlty after rallying on friday on back of FBI investigating hillary clinton emails again. Euro rallied almost 60 pips after the news and pulledback to previous resiatance area at 1.0940$ The pair might be taregting 1.10$ as first target if that area holds. Stop loss would be on 1 hour close below 1.0940$ or 1.0920$ where trendline might lie and provide some support..

The pair has been trying to hold above 0.77$ many times but keeps failing except for only one which was reversed totally after unemployment report was released . Technical analysis for the pair ; it is still supported by the trendline coming from multi year low at 0.68$ passing by 0.7150$ and 0.74$ . A break below the trendline probably sitting now at 0.7560$ will accelerate its slide towards 0.73$ area. So we might enter short position at current market level 0.7610$ as the pair is facing resistance on 1h chart with 200 moving average lying at 0.7620$ area. Stop loss will be on hourly close above 0.7645$... Follow me twitter for updates on this trade and other trading ideas... my twitter handle is : @boriology

Check below chart to get a glimpse of where we are standing now. The pair has been advancing since poloz speech making a hammer candle on the 4h chart and posting 250 pips more. The pair is currently capped by the upper trendline of the ranging channel. We can issue a short trade here looking to take profit at 1.2960 The stop loss is on daily close above the 1.3350 area.we would issue a long position then targeting 1.3650; P.S: The long position issued at 1.3054 closed at 1.3320

Kiwi reversed losses of previous two weeks and currently testing a critical resistance in the area between 0.7225-60$ . A 4h candle close above 0.7260$ will open the door to 0.7330-60$ . I prefer going short at current level 0.7235$ and adding another position at 0.7258$ . Take profit at 0.7125$ , then 0.7080$ ..I see #nzdusd heading back to 0.6950$ area and long term target 0.59$ The pair is also facing tough resistance at 0.7250$ area because of the 200 moving average on the 4h chart.

WTI (OIL) is currently facing a bearish trendline and trading below resistance at 51.07 on the 4h chart. It looks supported on the daily chart around 49.80$ and looking for further advances. However the bearish trendline and the horizontal resistance is putting alot of downward pressure . So , It is recommended that we wait for a 4h candle close above 51.07$ area. Or you can go short at this area and your stop loss should be on a 4h close above 51.07$. I am not decided on that trade , pickup any scenario , it is going to be profitable either way.

EURNZD broke bearish trendline as shown below on 23 sep. at the area of 1.5420 , the pair has been also forming an uptrend line which it broke yesterday at 1.5420 as well . The pair is currently testing the former bearish trendline at 1.5230 , if that line holds , we might get back to 1.5540 area soon which if conquered , we will be trading at 1.59 area. However , we might see a war between trend lines in the coming days . I will keep you updated . I am currently long at 1.5270 targeting 1.5540 with stop loss on daily close below 1.5170

I have been recommending going ling on platinum lately. It managed to rebound to 951$. It is still facing some resistance at 945$ and it is not able to close above 945$ on the 4h chart. Buy platinum if you are not already long , your stop loss should be on closing below 936$ on the 1h chart. Platinum retreated after touching he 200 moving average on the 1 chart. I think we might see a strong rebound to the area between 970-980$ in the coming days.

Newzeland consumer price index is going to be released within 5 minutes. My call is for a short trade with target at 0.7095 then 0.6980 . Nz CPI is expected to be 0.1% versus 0.3% last quarter. Next resistance lies at 0.7220$ and it concides with the 200 MA

Cable traders are getting used to market gaps on Monday opening. most of the gaps recently are fueled by comments coming from the UK during weekend. Major news coming within the next few hours will be the result of hearings in front of british court deciding if parliament should be part of negotiations with the European union. Anyway, From technical point of view , I find that the pair is currently supported around 1.2130$ area as shown below and there is a potential trend line if not broken during the current 4h candle. Support can be found at 1.2130$ , So any long positions should be closed on 1h candle closing below that level. Targets for the long positions should be around 1.2360$

Here is an update regarding my previous recommendation to go long on platinum. I am still holding my positions and 2 below charts will explain why. On the daily chart , We have very critical support level at 927$ , So we might see a rebound here targeting 980$ and 1010$ and It will be explained using the 4h chart. we have 927$ playing as support many times on the daily chart going back to 23 sep 2015 and two times during feb 2016. On the 4h chart shown below , we have a trend line starting at 1200$ area and passing by many tops . we expect a rebound from 930$ till 983$ next week by 19/10 ...If trend line broken on that test , we will get to 1010$ area . If we didnt see a rebound by next week and test on 19/10 , we will see a test of trend line probably at 960$ area on 27-10

The metals have been sliding since last week and platinum is no exception. However it looks very supported around 945$ and it looks like a nice chance to go long on metals now ahead of the FOMC minutes later today. Platinum has strong resistance at 970$ ahead of 1012$ . Platinum has been not able to stabilize above critical level at 1064$ and it has been a very good short position. Looking on larger scale , international economy is not doing well and the banking sector is facing alot of challenges. So metals are always a good hunt if we are going into risky mood. A weekly close below 940$ area will open the road towards 895$ .

Palladium among the metals are losing their shine for second week in row. Palldium on the hourly chart as you can see in below chart has very strong resistance at 675$. A short trade has been intiated at this level and another position was added at 662$ ,which is going to be a very strong resistance days ahead . On weekly chart , we can find next support at 625$ area. So target for these short trades is 630$ Stop loss will be on close above 675$ . All of that has been technical move , however that made people think that us dollar is going to rule because of the supposed rate hike in december and us elections in novemeber. However , I predict that currencies and metals will make a come back and rule over dollar in thw fourth quarter.

Eur/cad has rallied to 1.4920 area before giving it all back last week and falling to 1.4650 area where it found support. The pair has ultimate support at this area , however the pair has much more stronger support "which is now a resistance" in the area between (1.4725 and 1.4780). The pair has formed a bearish trendlin on the 1h chart , however it is support by 1.4690 and 1.4650 area ..A Close below 1.4690 is a warning and a close below 1.4650 on the 4h chart will be an invalidation of a long trade. On the otherside , look to add position to current level at 1.4690 and more after 1h close above the trend line at 1.4740 area and one more position on close above 1.4780 on the 4h chart targeting 1.4980 and 1.5130 Happy trading Remember to follow me on twitter for updates on this trade and more trading ideas.

The pair has been on the run during the past few weeks and stabilising on daily and weekly basis. On the hourly time frame , The pair is supported at the area of 0.9510 and will probably looking for a move higher but it will be still bounded by the bearish trend line formed on the 4h chart. The pair also has a supportive trend line on the 4h chart , so I prefer breaking out higher and trading above 0.96 figure all the way to 0.9680 area. A close below 0.95 on the 1h chart is warning and a close below the trend line on the 4h chart is an invalidation of the trade.. Happy trading Remember to follow me on twitter for more trading ideas and updates on this trade and more ..