Nima Azadi's  Instablog

Nima Azadi
Send Message
Nima Azadi has been engaging in financial markets for over 10 years. His experiences vary from investing and trading in the Tehran Stock Exchange (TSE) and Foreign Exchange Markets to mentoring and consulting on the technical aspects of financial analysis. He is frequently quoted in the Iranian... More
My book:
Duel with the Trend
  • Trading Strategy Of The Week - 9/16/2013 To 9/20/2013 0 comments
    Sep 16, 2013 12:45 AM | about stocks: FXA, FXC, FXE

    AUD/USD

    In the upper band of our moving channel and after hitting the Second Monthly Resistance, we are observing a negative divergence in MACD which implies the presence of overexcited bulls. A point worth of notice is the decreased slope of the smaller regression channel which shows weakness of the bullish camp.

    Like the last week, shorting the Aussie is not recommended as long as the 0.9180 support is not broken to the downside. Initiating new long positions can be truly agonizing.

    (click to enlarge)

    EUR/CAD

    We have two regression channels: a small and rising regression channel of mild slop and a bigger descending channel of steep slope. This situation implies a rise in short term and then resumption of the downtrend in the medium term. The ZLR formation in MACD can bring fresh selling pressure.

    (click to enlarge)

    EUR/JPY

    We have two rising regression channels. If price consolidates at the current levels, an HD formation in MACD can push the pair up to the upper band of the channels in this week. The slow pace of decline negates any bearish scenario for this week.

    (click to enlarge)

    EUR/USD

    EURO is in an area wherein the upper band of our moving channel converges with the First Monthly Resistance Pivot. It seems that the buying pressure is still high and as long as the price is above the Central Monthly Pivot, shorting the EURO is risky. We will wait to see signs of weakness in the bullish camp.

    (click to enlarge)

    Stocks: FXA, FXC, FXE
Back To Nima Azadi's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.