Weekly Forex, week of Sept 21.

Weekly Forex

Sorry for the brevity today. It’s been an exhausting week. My Mini Cooper S started gurgling antifreeze while having valve cover and timing belt issues. It finally gave up the ghost after these all too common issues piled on each other and I told the mechanic to let her die.  Then there was picking out curtains for my soon-to-be-born daughter’s room. Without further groaning, here’s the forecast.

EURUSD

Dominant bias: Bearish

The bias on EURUSD is still very bearish, so rallies have been opportunities to sell short in the context of a downtrend. Continued bearish bias may force price to test the support line at 1.2800. Along the way, strong bullish breakouts should be restrained by the resistance lines at 1.3000 and 1.3050. Any movement above these resistance levels will signify the start of a new bullish outlook.

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Premium Signals – JPY Pairs.

Premium Signals.

Time to place your bets that Japan is starting it’s rebound and will not longer be sucking. All of these are SELL orders.

Instrument: USDJPY
Order: Sell
Entry date: September 19, 2014
Entry price: 108.795
Stop loss: 109.811
Take profit: 106.811

Instrument: AUDJPY
Order: Sell
Entry date: September 19, 2014
Entry price: 97.615
Stop loss: 98.653
Take profit: 95.654

Instrument: CADJPY
Order: Sell
Entry date: September 19, 2014
Entry price: 99.243
Stop loss: 100.261
Take profit: 97.259

Instrument: CHFJPY
Order: Sell
Entry date: September 19, 2014
Entry price: 115.927
Stop loss: 116.926
Take profit: 113.929

Instrument: EURJPY
Order: Sell
Entry date: September 19, 2014
Entry price: 139.922
Stop loss: 140.942
Take profit: 137.944

Instrument: GBPJPY
Order: Sell
Entry date: September 19, 2014
Entry price: 178.026
Stop loss: 179.042
Take profit: 176.043

Instrument: NZDJPY
Order: Sell
Entry date: September 19, 2014
Entry price: 88.583
Stop loss: 89.613
Take profit: 86.615

Disclaimer: The trading signals above are provided for information and educational purposes only and should not be construed as trading advice.

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Precious, my precious metals.

Precious, my precious metals.

Gold and silver are the slutty sisters of the mineral world. If Gold is sucking hard, you can almost guarantee that Silver will be on her knees sucking harder. That’s what this forecast is all about. While the European world is in a dickfest over the Ukraine and who can out embargo who, our mineral girls are going down harder than a Brazilian hooker during world cup. Below is my forecast on those dirty little girls.

GOLD (XAUUSD)

Dominant bias: Bearish

Gold has been trending downwards quite aggressively since the middle of July, 2014. From the supply level at 1344.80, price has fallen and tested the demand level at 1225.50. This is a downward move approaching 2,000 points. Weakness in the market remains so price may continue further downwards, despite occasional rallies. In this instance, rallies are really short-selling opportunities in the context of a downtrend and price may ultimately reach the demand levels at 1220.00 and 1210.00 successively. However, this weakness is not going to last forever – there is no such thing as an ever-lasting trend. It is likely that Gold will rally sustainably around November or December, 2014.

SILVER (XAGUSD)

Dominant bias: Bearish

Silver is also in a bear market, having been dropping since the middle of July, 2014. From the resistance level at 21.5400, price has gone far enough south to test the support level at 18.4200. This is a downward move of over 3,100 points which may not yet be exhausted, so reaching the support levels at 18.3000 and 18.1000 is not out of the question. As with Gold, bears will not hold sway forever, so a turnaround is expected during November / December, 2014.

Weekly Forex for Sept 14.

Weekly Forex Forecast

The European dickfest over the Ukraine has been going strong last week making for some great short opportunities.

EURUSD

Dominant bias: Bearish

EURUSD has been consolidating recently, so a breakout is expected very soon. This will most likely be in the direction of the dominant bias, so any break should move price towards the resistance levels at 1.2850 and 1.2800 successively. Should the break go the other way, a rally above the resistance lines at 1.3000 and 1.3050 could indicate the start of a new bullish trend.

USDCHF

Dominant bias: Bullish

As long as EURUSD is weak, USDCHF is bound to be strong. The resistance level at 0.9400 is about to be tested and, should that happen, a breach of that resistance level see price amble towards the next resistance level at 0.9450. However, sudden pullbacks may try bringing price back towards the support level at 0.9250.

GBPUSD

Dominant bias: Bearish

When looking at the big picture, this pair remains bearish, but the recent rally poses a threat to that outlook. As long as price remains below the distribution territory at 1.6350, the bearish outlook is valid. Only a break above that distribution territory will signify a new bullish bias. Further bearish continuation could push the price towards the accumulation territory at 1.6100, which has been tested already.

USDJPY

Dominant bias: Bullish

As anticipated, this pair was able to move above the demand levels at 106.00 and 106.50. Price is currently trading above the demand level at 107.00 and the next target is the supply levels at 107.50 and 108.00. There are barriers to bearish interference at the demand levels at 106.50 and 106.00 so the bullish signal remains valid as long as the market stays above these demand levels.

EURJPY

Dominant bias: Bullish

Weakness in the Yen has enabled this cross to shoot skyward – from the demand zone at 136.00, price has skyrocketed over 260 pips (most other JPY pairs are also bullish). This move has resulted in a clean Bullish Confirmation Pattern. Additional weakness in the Yen may allow price to reach the supply zone at 140.00 soon.

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Weekly Forex – Sept 07, 2014

Weekly Forex for the Week of September 07, 2014.

What a kicker last week was. If you “sold” EURJPY early you were in for quite a scary week until Thursday hit like a nuclear bomb sending the pair into a downward spiral. If you held strong, congrats, you’re now richer. Since the EURO is not planning on getting out of bed anytime soon, you can almost be certain this down trend will continue, but all beaten dogs have a few surprises…

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storm-of-sadness

Weekly Forex – Week of Aug 31 2014

Here’s the weekly FOREX market outlook:

The US Dollar continues its strength training and the Japanese Yen continues it’s downward trend of wimpy girly man. The Euro is getting it’s ass kicked by Putin’s iron boot as they invade Ukraine. Good bets to play are Euro vs Japan and US vs Everyone but Russia. Well, that is until Obama speaks publicly, then expect some negative spikes til he gets back to the golf course, which is the only thing he’s qualified for.

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Monthly Technical Review for Gold and Silver (September 2014)

Monthly Technical Review for Gold and Silver

GOLD (XAUUSD)

Dominant bias: Bearish

Contrary to the assumption that Gold would be bullish, its price has gone down quite significantly over the last 2 weeks. There is now a Bearish Confirmation Pattern in the market, which could continue to exhibit weakness. There are support levels at 1275.00 and 1265.00 to serve as targets for the bears if price moves further south. Meanwhile, resistance levels at 1295.00 and 1300.00 are likely to act as major barriers for any bullish rallies along the way. Any movement above those resistance levels will mean the end of the bearish outlook and a new bullish outlook.

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Forex stochastic scalp

Simple Scalping using the Stochastic

Simple Scalping using the 9,4,3 Stochastic

In this article I will be sharing a very simple Forex trading system. This can be used on the 1 minute or 5 minute chart and if done right, can prove itself to be very profitable.

Future plans: This is my first “trader’s” strategy. My plans for this are to set out a trading strategy and to also accompany it with a Metatrader 4 Expert Advisor. We’ll start simple and build up a strategy from here.

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Weekly FOREX – Week of Aug 24

Weekly FOREX – Week of August 24, 2014

Welcome to the first Chaosrift FOREX outlook. I’m hoping to publish these on a weekly basis as time affords. If any of this helps, please donate some winnings to let me help you. Also, feel free to drop a note on how to better improve things.

Side note: My first child (a girl) is due in November. I’ll do my best to maintain weekly market outlook and to also post occasional strategies for beginners.

EURUSD

Dominant bias: Bearish

This pair has been able to maintain its bearish bias. In this kind of market, any rallies would suggest opportunities to go short so the current rally may be another short-selling opportunity, provided that price remains below the resistance line at 1.3350. Any movement above that level will mean the end of the bearish bias but, if bearish momentum continues, price may well reach the support line at 1.3200.

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Aliens Among us – Scientific Study

A Giant Zoo

The various visitors that have come here all share one major similarity: they find us amusing to watch. Most of these species have crawled from the primordial goo some 40,000 years or so just like us. But for some reason, our evolutionary path has been considerably slower than most of the others. While 3-4,000 years ago we were struggling to build the pyramids, the Sirius were already here helping us build them.

Most of the work they’ve done has been behind the scenes. They’ve studied us, dissected us and performed all manner of tests on us. This hasn’t been one sided. They have given us little hints of technology here and there and have formed the basis for much of our culture and religious beliefs. Sadly, their impact has also been partially responsible for holding us back.

On the aggressive species side, we rank pretty high. As a species, we’re overly aggressive and expansive. We adapt to all variety of environments and spread to all parts of the world even if the climate is too harsh for normal animals to live. They fear our level of brutality to fellow man and animals we share the world with. It has been the key that keeps them from truly aiding us scientifically. Eventually, they fear, we’ll turn on them and bring them to extinction.

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