Happy new year! Fx ideas for the 2017

Just a few hours left till new year so personally i would like to share some ideas with those who are following my blog and instagram accoutn dkforexa what i would expect from some of the currencies next year. I wish everyone to have a great and successful year and good luck!

Below i will share some ideas. All comments are provided on the charts so enjoy.

USD/JPY :

AUD/JPY:

GBP/USD:

NZD/CAD:

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

Merry Christmas and happy New Year! :)

20161217_EURUSD_technical analysis

Hello guys, i just want to share my EURUSD technical analysis. Hope that is going to help you.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

2016 12 15_NZDCAD_weekly

By analysing currency pairs my eyes has stopped at the NZDCAD. If you would look closer to the weekly chart, you could spot one interesting thing that after break even of heavy resistance level (Weekly chart) price still came back to the previous flat channel. I presume that this break even was nothing else as market makers are topping up their short positions in order take profit at profit target level.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

20161127_GBPJPY_Daily

On weekly chart i believe we have trend reverse.

GBPJPY seems interesting on daily chart however it is not a good time for trading. I recommend to wait and watch for stronger price action. 

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

2016 11 23_AUDJPY overview

Looking to the AUDJPY i see that price break even weekly trend line. Price may go up for a next few weeks and later will to retest on (green) support level 83.000. That level actually is fib 61.8 level as well so that can work as confirmation signal of trend reverse in a short period of time. Hopefully AUDJPY will form a new uptrend.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

2016 10 22_USDJPY overview

I would recommend to put USDJPY on hold. For me current situation is not clear. I highlight a few ideas on the charts so probably i'll be waiting for a while to get price to my indicated levels, entry points.

Monhtly chart: 

Weekly chart:

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

2016 10 22_EURUSD overview

Last week, my ideas allowed me to trade with a great success. I have used EURUSD for short positions and it was good trading week for me. Those who are following me i hope you had a good week also. 

As i made my forecast last week, EURUSD finally dropped down. Right now EURUSD has reached important support level and probably it will stay in a high volatility flat channel for a while however in a long run i expect EURUSD to continue downtrend to the level of 1.06000. 

By the way, level 1.06000 is the bottom line of the flat channel on weekly chart so i think long term players on the market  have this level  as a target.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

EURUSD overview

EURUSD price reversed and now we have stopped at level 1.12000. This level is the key support level. If price reverse at this level (green) it would touch the resistance level 1.12300 however if we are going to see break even of support level, there will be downtrend till level 1.15000 (red).

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

GBPUSD update

GBPUSD price in my opinion still has downtrend till it will reach support level at 1.28749. 

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

USD/JPY overview (1W chart)

Looking to the USDJPY i can tell that we can expect price consolidation for a long period of time. Price has reached round price level 100.000. Acctually this level is more support level for the trend reverse in a long run. 

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

GBP/USD overview (1D chart)

GBPUSD price is reaching lowest support level, it may be that price going to drop for a while approximetly 100 points down and after this i would expect trend reverse. Overall GBPUSD price has a flat trend in daily chart.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

GBP/USD overview (1D chart)

GBPUSD price is reaching lowest support level, it may be that price going to drop for a while approximetly 100 points down and after this i would expect trend reverse. Overall GBPUSD price has a flat trend in daily chart.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

EURUSD 2016 08 30 overview on 4H chart

EURUSD seems having a very nice downtrend however the price has reached support levels, in my opinion price may go down with a low volatility pullbacks.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

EUR/USD update

EUR/USD shows the same scenario (II pattern) on 1D chart as it was previuosly (I pattern). Technically speaking  price can go down to the support level of 1.05600 in a long run.

On 4H chart i can see that price breakeven trendline, did pullpack and now being rejected by the round price level 1.12000.

In my opinion price can go down to the level 1.09500. It is easy to see how people like round levels.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

USDJPY overview

USD/JPY all day long had a downtrend direction. Very soon price will reach support level and in my opinion price may stay in a flat channel for a few days before goes anywhere.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

EUR/USD overview

EURUSD is in such interesting position right now. In one point of view i can clearly see the double bottom. Secondly, price has crossed resistence level and now stays in the very tiny triangle which actually means that possibly we have a new support level and price may go uptrend. Of course there is a big change for the opposite direction,

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

EURUSD overview

It seems that EURUSD is forming deep flat on daily chart. I presume EURUSD did pullback and price is stopped close to one of the support levels within the flat. I would like to believe that price is going to breakeven the support level S1 and later is going to test level S2. If that happens price may check the level S3. However price can bounce of level S1 and retest resistance level R1. Overall in such a big flat in my opinion price have more chances for SHORTS than for LONG (pullback at this point is as SHORT confirmation).

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

GBPUSD overview

Be careful of GBP Bank of England Rate Decision (JUL 14) Jul 14, 2:00 pm +03:00. Chart below is only technical view.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

Profitable forex trading

Started an new account in order to test the same strategy which i have been improving over the last two years. Did testing and improved my strategy. Seems that results are getting better and better. Starting deposit was 300 euros, made profit of 208% in four months. Nice! However drawdown still has to be improved. Love forex because forex trader can be successful if he loves what he is doing and working hard no matter what. 

GBP/USD overview

Before you take seriuosly my chart below we have to review news for today:

GBP Total Trade Balance (Pounds) (MAY) 

USD Unemployment Rate (JUN)

USD Change in Non-farm Payrolls (JUN)

There is a big chance that TTB will be decreased so it means that GBP may be weaker for today after the news. Therefore US will have Non farm news and of course that will effect currencies today. Global forecast for unemployment rate is that this indicator will be lower than previuos period.

Take care everybody and have an great day! Don forget today is Friday! 

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

EURUSD 1D overview

This analysis is based only on technical aspects.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

EUR/USD overview on daily chart (only technicals)

I would like to share only technical view of EUR/USD. I do not speak about fundamental criterias. Brexit has big impact to EU economics so technically speaking technical analysis may be currently misleading.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

Brexit event

Right now i have placed my trading on hold due BREXIT. Market is unpredictable and requires traders to go for  temporary holidays. I would recommend just to wait, watch until markets will show a new direction.

2016 05 24. EUR/USD overview

One of the most important trendline has stopped and left EURUSD in a flat. I recommend to wait until price action shows a new reversal direction or will continue downtrend.

These days US dollar index  show strong uptrend so presume thart EURUSD may can continue the journey down.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

2016 05 16. NZD/USD overview

NZDUSD looks bearish. Price breakeven bottom trendline. I think it is good time for watching this currency pair.

If price will show downtrend continuation it may be good situation for bearish shorts. (4H chart)

If price will show uptrend after double bottom -  bullish long.(4H chart)

4 HOUR charts

1H chart

More charts for overall overview

Monthly chart: FLAG with downtrend to bottom trendline

Weekly chart: flag continuation to bottom line

Daily chart: trendline breakeven and pullback

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

2016.05.14. GBP/USD technical overview

It seems that GBP/USD has reached its lowest support level. Looking to the 1M chart i can presume that GBPUSD price can stay in a high volatility flat channel for a couple months and in the long term we can expect trend reversal.

Going more deeper to 1D chart we can see that price was rejected twice by resistance and has very clear downtrend. The question is how far price can go down? In my opinion in the long run price can retest even the lowest  support level of the month.

More technicals

TREND:                                      Downtrend

Moving averages: Simple:          SMA 100 : 1.4426 ; SELL

Moving averages: Exponential:  EMA 100 : 1.4415 ; SELL

Moving averages: Weighted:      WMA 100:1.4412  ; SELL

Dailyfx source:

Calendar:

May 16, 2:01 am EEST
GBP Rightmove House Prices (YoY) (MAY)

May 17, 11:30 am EEST
GBP Consumer Price Index (MoM) (APR)

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

2016 05 13. EURUSD overview daily chart

EUR USD has touched one of the strongest bottom trendlines on daily chart, there is a potencial for trend reverse upwards

Update: 

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

2016 05 12 EURUSD 4H chart

It seems that EURUSD has formed tiangle and price may have a breakout to uptrend direction.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

Forex trading results of the month

Last month was a really tuff, my main account fall down from the last month to 189 % profit level. 

I have opened a few more accounts for the testing a few updates to my strategy.

Therefore i have too more accounts and using different strategies combining with the main strategy. Right now results are really good however i have to put more effort to the risk management, drawdown ratio.

For those who are following me i would like to say that my strategies are based on very high risk. My  primary target is to earn the most highest profits with a small amount of money  in a  shortest period of time.

In the nearly future i will put all my focus to the new account which will have bigger risk reward ratios, tight drawdowns, smaller lot positions.

EUR/USD weekly overview (2016 05 09 - 2016 05 14)

EUR/USD seems was rejected by weekly resistance level one more time. Red candle is confirmation for the short positions. Deep inside i feel that EUR/USD has to go up in a long run but before that it may stay in the channel for a while. 

If price will break the resistance level with a strong movement that may be good signal for LONG positions.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

NZDUSD overview

NZDUSD has a very nice channel. Price second time has rejected resistance level.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

EUR/USD overview

EUR/USD seems on the sharp edge right now. Today we have UK bank holiday however US will open market and price may get a new direction, I prefer to wait right now but watch closely.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

2016 04 23. USD/JPY overview

I would like to highlight a few points on US dollar index. Please see comments on the US DOLLAR INDEX chart.

If US DOLLAR index would reverse trend (or it may be that it is already happening) so i would like to think that USD JPY will have a nice drive down in a few weeks.

However by looking to the monthly USDJPY chart i can see that there is a very nice hummer which acctually means that price can go uptrend for a while (as pullback)  however overall USD JPY trend can be downtrend.

On the daily chart i can see pullback right now which means that price very soon can reverse and continue to go down.

NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.