GBPUSD 1.7150 Long term Perspective...

GBPUSD WEEKLY

Hello everyone and welcome to an important update on the Great Britain Pounds (GBP). Some few days back in our video update in the trading room, we talked about the GBPUSD carving out an important bottoming base and subsequently breaking out to the upside to challenge the 1.7100 handle where an aggressive momentum will be required for a final break of the said resistance. Speaking technically, GBPUSD is clearly bullish right from the monthly time frame down to the 4hr time frame in tandem. In the same vein,  series of bullish price action formations from monthly to daily TF suggests bears should be prepared to be on the run for some weeks or perhaps months to come. Looking at the daily time frame, an inverted head and shoulder is easily identified, which add credence to our bullish outlook which should eventually have its targets at 1.7150 for a 1,700pips from current levels. On the fundamental outlook of the Great Britain Pounds (GBP), the resiliency of the cable has been as a result of the rate hike expectations from the Bank of England making it investor’s second favorite aside the US dollar. Speaking about the US dollar, September is just around the corner and question running through the mind of all investors all over the world is, “is there really really going to be a rate hike for September from the FED? Well your guess is as good as mine but I’m a contrarian to a SEPT-HIKE but without much deviation, before concluding this short piece. I would like to state that 1.5200 remains our invalidation point for cables long which should turn focus back to 1.3500 as an alternate scenario targets if bullish view is invalidated. We are long already with specifics in our last GBPUSD video updates sent to our premiumHandle and we look to buy the weakness of GBP only as long as invalidation remains intact for a real ride.

Thanks everyone and for more of our swing trading opportuninties brewing up, do not hesitate to join our PremiumHandle for an unmatched trading experience.

Good luck.

CADJPY Classic Head and shoulder has 1,978pips as targets

                                                               CADJPY WEEKLY TF
Hello everyone.
It has been quite a few weeks since we laid out our cadjpy trading plan both in the premium room and also in our whatsapp room. Its exactly six weeks now and we deemed it fit to inform everyone how we are managing this particular trade and the potential for further decline in weeks or perhaps months ahead. We initiated this weekly swing trade based on a few rational. First one being a several classical head and shoulder noticed on the weekly time frame and of course on the monthly time frame. Secondly, there was a strong bullish candle spike to a resistance area which was unable to breach the resistance of may 2013 and of course, that region completed the second shoulder of the weekly H & S formation proper. With series of bearish price action formation both on monthly and of course the daily time frame, we saw this as an antelope thrown into a lions den for a real devour, hence we pulled the trigger. Today, we are up 520pips and yet the real party ain't started just yet as we have the target of this weekly classic head and shoulder formation at 75.00 region for an outstanding pips of 1,978pips reward. That's a real potential move if you ask me. Oh well, we are moving our stops close to break even to lock in just 150pips because we envisage a corrective rally from this present strong support region to at least 96.00 region or more from where we would add to our existing position to hold for at least 8 weeks for some real handsome rewards......
 This is just a tip of the iceberg. We are watching three more weekly swing setups which will be added to premiumHandle exclusively in few days time. Take advantage of our PremiumHandle and let the team of forexinsaitz do all the dirty work for you while you relax and do the reaping of the pips. Also, join our group page on facebook (facebook.com/groups/forexinsaitz) for more details. Do have a pipful month everyone...

#GBPAUD, a pause or thrust with 700pips for a pause!!!

                                

Hello everyone!

This is the king with an exciting trade opportunity for you today on the GBPAUD pair with 700 points potential gain..

So lets get down on this just as it's hot. We have been tracking GBPAUD pair since January this year and believe you me, it has been really consistent without being partial in its' generosity. The GBP strength is matching perfectly with recent AUD weakness and the evidence of that can be seen with the recent 1,800 pip move on the daily chart. Momentum continues to build a very bearish divergence with every new high as can be seen on the daily chart. Most interesting part is the MAP gbpaud is carving out, which is fractally the most sexy thing out there ready for a 700 points before overall perspective is revisited again for our yearly, (permit me to use my mentors terms, EDMATTS)  FATPITCH trade. This short term bearish view is consistent with the short term top historical analogy  (1.9200) of  01-24-2014 for a 2,000 points correction before the larger rally, hence we are carefully short 2.0854 and 2.0710 for a 700 points correction with 2.1020 as stop out level while maintaining longer term bullish view.

That's it on GBPAUD special report from yours truly, the King.

To ensure that you don't miss other special trade opportunities, you can subscribe to our premiumHandle for timely swing trade calls or join our facebook.com/groups/forexinsaitz for an unbeatable pips experience.

Thanks for reading, have a great day!

#GBPAUD 7,000 pips Potential Trade update..

http://screencast.com/t/udGtbXgManO

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.