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.