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.

2016 04 16. USD/JPY overview

USD/JPY after rejecting resistance level has a bearish trend. Please see my technical analysis below for the currency pair USD/JPY.

Monthly chart:

Week chart:

 Daily chart:

 Speculative sentiment index (Source: www.dailyfx.com):

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

Please have a look at my technical analysis of  EUR/USD currency pair. Hope it is going to help you. I would like to mention that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

Monthly chart:

Weekly chart:

Daily chart:

4H chart:

Speculative sentiment index (Source: www.dailyfx.com):

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.

USD/CHF overview

Would like to believe that USDCHF will bounce back. Price just touched previuos suppport 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.

EUR/USD overview

EUR/USD currently is in the phase of balance accumulation. It can be that many traders expect that current double bottom will be broken however i believe that possibly it may be the 3rd retest before trend reverse. I would wait before making any long term decisions but for the short term traders (scalp, swing) this kind fo situation is really great oppotunity.

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.

USDCAD overview

USDCAD price seems locked in a weekly FLAT (currently weekly candle is green) close to the strongest monthly support line. There should be a few rejection before price will move futher to one or another directions. Probably price will stay in flat for the coming weeks or will reverse with flat break even. On daily chart price has break even the trend line which is pretty good signal for entry with a minimum risk.

Monthly chart 

Weekly chart

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.

2016.04.04. USD/JPY overview

USDJPY breakeven level S1 with a GAP. I presume price will test the level below S1 level and later  probably will go down to S2.

On weekly chart there is gap which shows that downtrend is pretty strong and sentiments down to short positions.

On daily chart i can see risk that price may stay in a current flat for some time, but still i will be watching for the bottom line of the flat. If price breakeven bottom line, i will be shorting. Keep in mind that price still can reverse with temporary uptrend till resistance.

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.

AUD/USD overview

AUD USD price just breakeven resistance, hopefully price will go up till the next resistance. Probably saying that we have long term trend reversal is too early but.... there is a chance.

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.

USD/CHF overview

By looking to the USD/CHF weekly chart i can presume that we have a flat trend. I would only short on coming days.

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.

EUR/USD daily chart overview

In the long go EUR/USD should be uptrend however currently i can't see any strong signals for buy orders. In my opinion EUR USD price still maybe rejected by resistance level, will go down to the bottom trend line, reverse and than maybe (MAYBE) will breakeven top 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.

Profitable forex accounts. Closing month. Statement

Previuos month was a pretty good, end up with 51.4 % monthly profit but i still have to work on my drawdown which is currently is 32.65 %. I will use fixed SL and see how it goes at the end of the next month.

And my second account which was started only this month (based on strategy with some new testing stuff) I end up with 19.59 % monthly profit which is ok. I took big loss at first due too many opened orders at the same time so i will stick to my strategy not allowing to myself work with too many currency pairs at the same time. However loosing is the part of the game so i don't mind having them sometimes!

2016.03.31. GBP/USD daily chart review

Red candle on the daily chart looks like a new temporary downtrend. Therefore i can see the third trendline rejection with a lower higs. In my opinion price has to go down till previuos support 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.

AUD/USD monthly chart overview

AUD/ USD on monthly chart looking really interesting, i have a feeling of bearish trend soon

AUD/USD 4H chart overview

AUD/USD has been rejected by resistance level two times and now price has short period downtrend. Potencial hit target is a yellow line support or even more downside. This movement i see as temporary 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.

EUR/USD 4H chart overview

GBP/USD daily chart review

Honestly speaking GBP USD price looks like has reached the bottom of the flat channel. Two candles in the bottom look as double bottom. I think this is a strond signal for trend reverse.

On the daily chart i can see that those two monthly candles on the monthly chart basicly are the double bottom. I recommend to wait until price will breakeven one of my mentioned breakeven points below and think twice before making any decisions.

This current situation of the GBP/USD is tricky because right now the price is between monthly support and resistance 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.

AUD/USD daily chart overview

AUD/USD price on daily chart reaches top line of trend channel and resistance level. Overall sentiment on the market for this currency pair is bearish. I would recommend to wait until price will show more confidence for trend reverse or you can simply place short positions for the short period of time.

Monthly chart shows potencial trend reverse however price may have a little pullback (good for temporary short positions) before trend totally reverse.

Therefore there is a chance that price will break even resistance level without pullback. Deep inside i believe that price has to be rejected one time before it break even resistance.

Note: For more detailed technical analysis please contact me by email kraucionisd@gmail.com

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.

AUD/USD monthly chart overview

I think this is the time for the shorters to take their money back and fix the profits. In my opinion AUDUSD has great potencial for reverse of the trend. Of course still a few confirmation signals are needed. 

Note: For more detailed technical analysis please contact me by email kraucionisd@gmail.com

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.

2016 03 19. EUR/USD monthly chart review

I would like to highlight that this chart is for the people who are long term investors. For the day traders this is only for the understanding global trend of the month. 

On the daily charts price may have pullbacks and other movements before it will go to my directed points so everyone who are looking to my charts please keep this in mind.

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.

2016 03 18 GBP/USD on daily chart

I would be waiting for the longer red candle in 4 hour chart to make any decisions.

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.

USD/CAD monthly chart overview

On the monthly chart of USD/CAD i see very clear pullback. In my opinion the previous ressitance nw can be stated as a new support level. I would like to believe that price will reverse and there will be updtrend continuation.

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.

2016 03 17. EUR/USD 1D chart overview

This is my idea for EUR USD on daily chart

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.

USD/JPY monthly outlook before FOMC

Strong downtrend on monthly chart and today on news the price may have a big jump. I dont want to forecast however i have feeling that price will move down with continuation.

I recommend to be carefull today. FOMC US Economic Projections, federal funds rate and statement are coming today in 2h43 minutes.

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