Caroline Carlin's Page

USDCAD

Last week showed a fantastic bullish break and surge of more than 200 pips above parity for the Loonie, reaching the weekly 161.8% extension on the previous swing high, and closing well above the 138.2% level after a small correction. Both our targets at the weekly SMA100 and the projection of the flag pole at 1.0238/40 were met, the…

USDJPY

The Dollar-Yen didn’t reach the lows and remained last week in a tight range between round numbers 76.00 and 77.00. We could be having a double bottom on the daily charts and my expectations are for a bullish break of the confluence of the daily SMA34 and middle line of the Bollinger bands, targeting the resistance at previous highs…

EURCHF

The Euro-Swiss Franc made a new high last week at 1.2340, reaching and breaking above our target at the weekly SMA34 level. We are still away from the descending trend line and price could be contained by the strong resistance area between 1.2350 and 1.2390, with also the daily SMA200 in the middle. If that level is broken, we might…

EURUSD

Last week the markets opened with a downside gap for the Euro-Dollar, briefly closed for a continuation and small breach of the previous week’s lows, as expected in our bearish scenario, and finally ending at about the same price, just above round number 1.3500. I would expect further downside for this pair, targeting the daily 127%…

I didn’t expect the downwards gap in my previous analysis and we had a nice descent afterwards, retest and small breach of previous lows at 1.0180. However, we can see on the hourly charts that price bounced neatly from the trendline that is binding those to August lows, and seems to be recovering to the upside. This could be the end of an Elliott Wave 5 and the subsequent projection of the next C wave at a 38.2% retracement on wave 2, brings us to around 1.0360.…

USDJPY

As expected, the Dollar-Yen went back to the lows of the previous week, and stayed inside a range from Wednesday to Friday. There is no clear direction for this pair as of now, although I would expect some bearish continuation if the bottom at 76.00 is broken, in extension towards 71.80, 70.30 and 66.30 as successive medium-to-long-term targets.…

EURCHF

Very little action for the Euro-Swiss Franc last week. This pair stayed in a very small range after its previous week’s surge and is lingering barely above the 61.8% retracement from the last swing low. We might attempt to reach 1.2260/70 at the weekly SMA34 level or even to the upper trendline of the descending channel, and I expect from there…

EURUSD

The Euro-Dollar barely made a new low last week, with price well supported at 1.3500 from where it bounced back for a retest of the broken ascending trend line and pierced the 23.6% Fibonacci retracement, ending just above the weekly SMA100. Our bullish views were on point as price went well above our targets reaching above 1.3900. I would…

There is an enormous amount of erroneous stereotypes made up by human beings so they can avoid to take responsibility for the results of their actions.

Neither a series of successful trades in your account, nor a losing spree debacle happen merely "by chance". In trading as well as in life, ups and downs occur in succession, these are unavoidable cycles, and some of them trend a bit before reversing, but the clue to the winning or losing streak is simply your own ability to…

USDCAD

The Loonie rose as expected last week, reaching barely 23 pips below parity, which it finally achieved earlier today. At the present moment the price is a little above Friday’s high but was rejected from the new highs it made at 1.0025. It is too soon to predict here a double top, but we could consider it might have a retrace to…