Exness Technical Daily

[meeru]

AUDJPY remain bullish above major support

AUDJPY
Jan. 6, 2017, 03:51
Buy above 84.58. Stop loss at 84.39. Take profit at 85.12.
Reason for the trading strategy (technically):
We remain bullish above major support at 84.58 (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a push up to at least 85.12 resistance (Fibonacci retracement, horizontal overlap resistance, recent swing high).
RSI (34) is right above our long term ascending support line.

 

[meeru]

USDCAD bullish above major support

USDCAD
Jan. 5, 2017, 02:48
Buy above 1.3243. Stop loss at 1.3182. Take profit at 1.3383.
Reason for the trading strategy (technically):
Price is approaching major support at 1.3243 (Fibonacci retracement, Fibonacci projection) where we expect a bounce from to at least 1.3383 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is fast approaching major support at 6.3% where we expect a bounce from.
Reason for the trading strategy (fundamentally):
The major news event affecting USD today is the US ISM Services/Non-Manufacturing Composite. It is calculated as an indicator of the overall economic condition for the non-manufacturing sector. A reading above 50 percent indicates the non-manufacturing sector economy is generally expanding; below 50 percent indicates the non-manufacturing sector is generally contracting. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. The forecast if a lower than expected reading which makes for a bearish USD. This goes against our bullish USDCAD view so it is best to exercise caution on this trade.

 

[meeru]

AUDUSD right on major resistance, time to sell
AUDUSD
Jan. 10, 2017, 05:18
Sell below 0.7380. Stop loss at 0.7446. Take profit at 0.7245.
Reason for the trading strategy (technically):
Price is testing major resistance at 0.7380 (Fibonacci retracement, Fibonacci projection, horizontal pullback resistance) and we expect a reaction off this level for a drop to at least 0.7245 (Fibonacci retracement, horizontal pullback support).
Stochastic (34,5,3) is also seeing major resistance at the 93% level.

 

[meeru]

AUDJPY profit target reached once again, time to start buying
AUDJPY
Jan. 10, 2017, 05:20
Buy above 85.07. Stop loss at 84.76. Take profit at 85.91.
Reason for the trading strategy (technically):
Price has dropped and reached our profit target perfectly once again. We now look to buy above strong support at 85.07 (Fibonacci retracement, horizontal overlap support, bullish candlestick reversal) for a push up to 85.91.
Stochastic (21,5,3) is approaching support at 10%.

 

[meeru]

NZDUSD approaching major resistance, prepare to sell
NZDUSD
Jan. 10, 2017, 05:21
Sell below 0.7044. Stop loss at 0.7089. Take profit at 0.6951.
Reason for the trading strategy (technically):
Price is approaching major resistance at 0.7044 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance) and we expect a reaction off this level for a drop towards 0.6951 support (Fibonacci retracement, horizontal support).
Stochastic (21,5,3) is seeing resistance at 93%.

 

[meeru]

USDJPY remain bullish

USDJPY
Jan. 11, 2017, 05:26
Buy above 115.73. Stop loss at 115.07. Take profit at 116.78.

Reason for the trading strategy (technically):

We remain bullish above 115.73 support (Fibonacci retracement, horizontal overlap support, bullish candlestick reversal) to see a bounce at least up to 116.78 resistance (Fibonacci retracement).

Stochastic (21,5,3) is seeing major support at 8.5% where we expect a bounce from.

 

[meeru]

EURUSD time to start selling

EURUSD
Jan. 11, 2017, 05:28
Sell below 1.0573. Stop loss at 1.0624. Take profit at 1.0490.

Reason for the trading strategy (technically):

We turn bearish on EURUSD below 1.0573 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to at least 1.0490 support (Fibonacci retracement, horizontal overlap support).

Stochastic (21,5,3) is seeing major resistance at 90% and also bearish divergence vs price, signalling a reversal is in progress.

 

[meeru]

Exness One+ live trading contest concluded with USD 33,445 in The Big Pool

We have successfully concluded One+ Live trading contest with a total of 3,114 participants and a final cash prize pool of USD 33,445. The month-long Live trading contest, where participants play a pivotal role in determining the final cash prize, also saw a total of USD 69,655 forex bonuses distributed.
The four winners were randomly selected from each region's top 20 traders who traded at least 13 lots and maintained the best profit-deposit ratio in the live trading contest.
Here are the winners of the One+ Live trading contest:

East Asia: Huang Yijiao, China
South Asia and SEA: Kanungnit Chaithing, Thailand
Middle East and Africa: Ouassila Bedadi, Algeria
CIS and rest of the world: Konstantin Nikolayevich Ivanov, Russia
Congratulations to the winners and we thank all One+ contestants for their participation.
One+ Contest x Bonus is part of One Exness, a three-part, year-end campaign launched in celebration of the achievements Exness attained together with its partners and clients in 2016.

 

[meeru]

EURJPY profit target reached, time to turn bearish

EURJPY
Jan. 18, 2017, 04:18
Sell below 121.20. Stop loss at 121.76. Take profit at 119.93.
Reason for the trading strategy (technically):
Price dropped and reached our profit target from previously. We are now bearish below 121.20 resistance (Fibonacci retracement, horizontal overlap resistance) as we expect a further drop to 119.93 (Fibonacci projection, Fibonacci retracement).
RSI (34) sees descending resistance holding price down really nicely.

 

[meeru]

EURUSD above strong support, remain bullish

EURUSD
Jan. 19, 2017, 04:22
Buy above 1.0621. Stop loss at 1.0580. Take profit at 1.0720.
Reason for the trading strategy (technically):
We remain bullish on EURUSD above 1.0621 support (Fibonacci retracement, Fibonacci projection) for a push up to 1.0720 resistance (swing high resistance, Fibonacci projection, Fibonacci retracement).
RSI (34) is above our long term ascending support line.