NZDCAD 1,200pips Potential...

NZDCAD has been in a surging uptrend for over 4 years now, not because of the strength from the part of the New Zealand dollar but the uptrend could be credited to the weakness experienced by the Canadian Dollar for over 2 years now. Lately, NZD is not among the strongest currency out there, and conversely CAD is beginning to build real strength lately. A quick look at the NZDCAD on the WEEKLY chart shows a market that seems to have met with a rock up there and as such, ready to take a dive off the cliff for a real ride. Still on the weekly chart of NZDCAD, a quick look at the blue space on the chart shows we could be in for yet another 500pips crash and then we should see a minor correction from the support area. Our ultimate target for this particular trade set up is the june 2013 support which is where we expect this weekly M-Formation pattern to complete which should have us bank about 1200pips from current market price.

On the daily outlook of NZDCAD, we already have about four positions running. First position was initiated about a month ago and consequently, other opportunities did show up to have our add on positions initiated. Rationale for initiating our short positions are quite simple and perhaps straight forward. 1. From the weekly chart, we could see a sexy double top with an indecision doji, suggesting the buyers were scaling out and sellers ready to bounce on it hard. 2. on the daily chart, a beautiful rising wedge pattern which i love so much, and also series of price action combos all combined together formed the basis for our bias and so we are short and up about 1,500pips combine with the highest leg of the positions being 360pips from current market price. Thats still very little compared to yet another potential 1200pips to be banked from current market price. For updates on how we have been managing this trade and other trading opportunities like this, don't hesitate to join the PremiumHandle of Forexinsaitz to take advantage of the great services that awaits you. Also you can find us on our facebook page, www.facebook.com/groups/forexinsaitz . A great pipful days ahead is wished everyone.

Weekly Review

NZDCAD SWING TRAED

This past week, we saw a great move from the sterling as a result of more than expected hawkish BOE minutes, which of course made it the best gainer for the week. However, the move was much anticipated as price action on the weekly has delivered the message sent from the vault of the BOE to the market two weeks ago through a beautiful weekly counter attack staged by sterling on the close of weekly candle on 17th of april. As we proceed into the new trading week, 1.5320 is particularly an area of interest for the sterling.
   We had a a great week overall as eurjpy, gbpjpy, and gbpchf all did wonderfully well as could be seen in the after and before charts uploaded above. Yours truly was really in the mood of sharing all our trade calls last week to every member of our facebook group ( facebook.com/groups/forexinsaitz ). I'm sure everyone had pipful week all the way.
The coming week promises to be rewarding for those who are ready to be rewarded. Some setups has been identified especially the gbpchf trade which has already been sent out via our PremiumHandle channel for precisely what to expect and acting appropriately. Other setups will be posted as we proceed into the new trading week. Don't forget to take advantage of our premium services so as to partake in our piprain program.

EURUSD Monthly and daily Perspective.

EURUSD looks quite exhausted at a significant area of interest. This region is particularly significant because price is bouncing off a multi year confluence zone (Bottom of the channel, a multi year trend-line and also a 161.8 extension of 2012 swing low and 2014 swing high). Aside these rationals, sentiments is at an all time extreme which further adds credence to our overall view of a short term bottoming process. However, it's typical for eurusd to spike the previous low and then fade, hence, discretion is strongly advised when picking entries.

EURUSD- A break above the resistance trend lines which served as former support will indicate that seasonal behaviour is in play and next level of interest would be 1.1 to 1.14. in trading days ahead. Thats it on our weekly outlook, a great trading days ahead is wished everyone.

Weekly review

GBPJPY 173 Journey

GBPAUD 800PIPS PROJECT

GBPAUD BEFORE

The second week of the month of April was indeed wonderful and pipful as well. As some swing trading opportunities were spotted prior to the new trading week; which we eventually took advantage of. As always, it was a green week for everyone who took advantage of the weekly gift from the very heart of yours truly, the king himself.

On the 7th April, 2015. We embarked on a 800pips GBPAUD project which of course is still ongoing till 1.8600 is achieved. Currently we are up +355pips on this project with 445 more points to go. Hopefully in trading days ahead, this will be a reality. That wasn't the only trade we took as other trades like GBPJPY, GOLD, NZDCAD and AUDUSD were added to the PremiumTradingRoom which were still running as at close of market on friday. The new week promises to be not only generous but also to be pipful as two swing trade setups will be added to the trading room. NZDUSD is one of such trades which has been tagged ''A FAT PITCH TRADE''. Its called a fat pitch trade for an unobvious reasons. Updates within the trading week will address momentum loss, seasonal analogy and of course our precise entry to target 15% points from entry. It promises to be the rare trade of the year. Take advantage of the premiumTradingRoom for updates on swing trading opportunities and how our positions are managed. A pipful week is wished everyone.

EURAUD to shed more in days ahead...

                                                                    EURAUD daily TF

EURAUD weekly TF

800 Points on gbpaud waiting to be banked...

GBPAUD 530pips Swing trade.