Last Update on the GBPAUD

Good Morning Dynamic Traders

Hope you all have had a good week and well done to you if managed to catch some profits.

Yesterday I finished my update asking if the price would continue to use the trend line to climb, which is exactly what happened. I was actually expecting price to maybe walk along the trend line, my reason for this is due to the slow movement beforehand. What price actually did was use the trend line to spring board itself up, which can be seen in the hour chart below.













I am going to round up following the GBPAUD today, because I am going on holiday for 2 weeks this evening, and I won’t be able to post any updates.

In the day chart below you can see 2 green candles and then a red candlestick. What’s happening here then? This I’m going to leave with you to decide, but I will leave you some food for thought. This could be a bearish flag, with the view that price could drop further. However price is only just out of reach from a fib breather level OR this could be price continuing to stay in oscillation.













Whatever you think make sure you carry out your own analysis and ensure that you have sufficient reasons to enter a trade.

I will speak to you all in 2 weeks time!

Carpe Diem

Richard Monnery

Kiwi Breaks Out!

Good evening ladies and gentlemen

I hope you all had a wonderful day. Sorry another quick one as I have an engagement to attend tonight!

Looking at the Kiwi, price is looking very interesting! It broke Long up the S and R Zone, was pushed back in and has broken out, going with the saying "The Trend Is your Friend!!"

I will leave it to you to do the rest. Check the indicators, RN, chart patterns etc. As SM I am sure you don't need telling. I won't be doing an update tomorrow as I am away till Monday so my next update will be on Tuesday. We will be staying with the Kiwi.

Till then

Abundance is your Birth Right

Zaheer Anwari

I quite enjoy being right!

Good Morning Dynamic Traders

My apologies for a boastful title, but I am always happy when my analysis is correct, as this fills me confidence for my trading. It also means that my practicing is paying off!

I showed you yesterday the indications we had for price slowing and even maybe climbing, however we still need to wait for confirmation of price climbing, but price has definitely slowed down and is currently trying to work out what to do next!

I don’t really have too much to report today, because price hasn’t moved much since yesterday. If you look at the hour chart below you will see that price does seem to be trying hard to climb. In the chart below you see that I have drawn in a trend line. So far price has been using this trend line to climb.













It will be interesting to see if price does continue to use the trend line and climb! We will have to wait and see what fun today brings us!

Carpe Diem

Richard Monnery

Kiwi Zoned In!

Good afternoon ladies and gentlemen

Another early post today as I have a busy evening ahead.

So let's see how the Kiwi is progessing so far today. Yesterday we saw a drop in price triggered by a familiar confluence of events. We were left wondering how far price could drop and looking at today's action, on the 1 hour chart below, we can see price initially broke through a S Line but was then pushed back. The resulting spinning top caused price to fight back just short of the R Line and has since been moving sideways within the zone.




So what could we expect next? Ultimately we are waiting for a BOB to give us an indication of what direction we could expect the trend to turn. Could we be going with the major trend or do we have a reversal on our hands? What are the other indicators saying? Do we still have a divergence on our hands? As SM, we should know that a BOB is not enough. A confluence of events meeting those on your TP should be the real trigger of any thoughts to jump in on a trade.

I will leave you with this thought "Keep your fears to yourself, but share your inspirations with others!"

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari

Making money with the GBPAUD

Good morning Dynamic Traders

Halfway through the week now and I hope your all having a profitable week so far.

Today I would like to run through how we might have been able to make some money from the GBPAUD. On the day chart below you will see that I have drawn in 2 lines which make a channel. You will notice that the top channel line has been tagged twice with price making a third attempt which is exactly what has happened with the bottom channel line.
In real time we would only have had a 2 occasions to possibly make money. They would be the price increase from the last time price tagged the bottom channel line. The second occasion would be the current downtrend.













You will also notice on the day chart that price appears to be slowing down. If we have a closer look by using the 4hour chart below, you can see that we potentially have a reversal candlestick formation forming (providing things stay the same throughout the day). If you have a look at the right hand side of the chart you will notice that this is happening at a RN. We also have MACD convergence jumping in on the action, and long with a previous S/R line help to explain why price is slowing down.













These signs are also indicating that price may have the potential to start climbing again, but we will have to wait and see for that! However we can definitely conclude that price will slow down, and that a sensible action to take if you are indeed in a short trade is to tighten your stops and lock in your profits.

Remember to always carry out your own analysis, and have faith in it!

Carpe Diem

Richard Monnery

Your Kiwi Analysis = My Kiwi Analysis?

Good evening ladies and gentlemen

I hope you all had a wonderful two days so far in the markets.

Yesterday I left you with the currency of choice for this week which is the Kiwi. As I was not able to do a proper update, I left you to do your own analysis to see if it matched mine. So lets see how it went!

Starting with the weekly we can see that price has retraced to a cluster of the VI, a Fib Breather level and a RN of sorts.

On the daily, posted below, we can see in more detail what exactly is happening. There is a divergence on MACD, with a triple top at the figure which also clusters with the Fib Breather level. RSI is above the midline but pointing down. What about stochastics?



The VI is below price so could we be seeing a drop in price again and a restest of the VI? Today's bar is bearish so far so could this be an early sign? Looking at the 1 hour chart, we can see confluences that we should be familiar now that was the catalyst for the Bears to out do the Bulls today.



Ok well lets see if price continues to drop during the rest of the week or could it ignore these clusters and muster up enough energy to push through!?

I will leave you with this thought "Life is just a chance to grow a soul!"

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari

New Currency

Good Morning Dynamic Traders

Hope you all have enjoyed a good start to the week!

I have decided to follow GBPAUD this week. If you look at the day chart below you can see that price suffered a big drop from the end of the last year, but has slowly been finding some strength since May. The MACD has been showing convergence from March and long with the strong RN, help to explain the slow climb in price.
However this climb apparently seems to be short lived as price is currently falling.













It will be interesting to see if the same RN will help price out again.

Tomorrow I will go through how we might have been able to grab some of those profits.

Happy Trading

Richard Monnery

The Kiwi the one to watch!

Good afternoon ladies and gentlemen

I hope all had a wonderful and rejuvenating weekend! I also hope that you managed to spend some of that time going through your trades from last week. Accountability is everything!

Today's update is going to be a short one! I have a busy evening ahead of me and so won't be able to my indepth analysis as per usual! What I thought I would do is tell you the currency that I will be following for this week and leave you to do your analysis on it! You can then compare your analysis with my update for tomorrow! Slightly different but hopefully a useful exercise!

The currency I will be following is one that is on the fringes of my currency list but is still there none the less! That is the NZD or the Kiwi! For the SM in the know, it is the twin currency to the AUD. They tend to mimic each pretty consistently. The AUD is the one I probably trade on more hence why I though I would not let the Kiwi feel left out!

So do your analysis and see you tomorrow!

Abundance is your Birth Right

Zaheer Anwari

Round up time on the CADJPY

Good Morning Dynamic Traders

Hope you all had a great weekend and are ready for another week of trading!

On Friday I finished saying that I wouldn’t be surprised to see price start climbing again. If you look at the day chart below you will see that price has did start to climb again.













Over the past 2 weeks we have see price do many things. It has offered us potential profits for a short time trade and potentially long term trades. It has been quite an interesting chart to following, because we had a head ‘n’ shoulder formation which would normally indicate a price reversal! This reversal didn’t really happen as we saw during the 2 weeks.

I’m now going to finish follow the CADJPY and we will be leaving it with a continuation to the up.
Remember to always carry out your own analysis

Carpe Diem

Richard Monnery