Finchcliffe

Finchcliffe Updated 

We're currently back inside the dynamic rising trendline, I'm expecting a further push up and then a retest and then I'm getting back in. I'll set TP's at: 2405 - resistance 2445 - just below previous high 2500 - 41% Fib Extension / Good target number Not sure what's going on with USD ATM as per my earlier post, however geo-political tensions are growing...

Finchcliffe

We can see DXY has again rejected off the falling daily trendline (green), last week we formed a bear candle and have broken out below, currently printing a third bear candle in a row (daily). Even though US Data and narrative suggest higher for longer (and maybe even a hike, although I doubt that) the USD has not responded in kind. We're approaching a couple of...

Finchcliffe Updated 

GBP has been the strongest performing currency so far this year - I keep asking myself why?? Country in a recession Stagnant economy Limp Central Bank With today's unemployment reading I'm expecting this to be the start of bearish involvement in sterling, I'm starting with this pair. Think oil has dropped a lot and could be ready to bounce up which is...

Finchcliffe Updated 

Starting to see Yen strength materialise, with the BoJ looking to get out of the current cycle. Surely Yen can't go much lower against all of the G10, so expecting some moves in the coming week. We've been failing at the 171.8 high for weeks so this looks like consolidation to me now, ready for a push down. Starting this week with the CHF PCI data this...

Finchcliffe Updated 

Not much else to say here, there is not much getting in the way of gold at the moment. Generally seeing dollar strength so I am expecting the high to be in sight, but do expect a retest of the 2150 mark now, looking at how bullish last week was.

Finchcliffe

I'm expecting to see a continuation of this local uptrend, fully breaking through my descending dynamic channel. USD has improving data, with CAD declining, and quite a lot of data this week that I believe will confirm my assumptions.

Finchcliffe

Of all the National Banks, analysts are expecting the SNB to be one of the first to cut, the CPI this week on Tuesday could indicate a cut is coming. Looking at price action on this pair, we've broken out of the downward channel, albeit we've struggled ton break resistance, but equally we've retested the channel boundary multiple times and so far failed to break...

Finchcliffe Updated 

Seeing a downward channel so expecting further bearish bias from here. Fundamentals seem to be supporting this too, with cease fire talks in middle east, and I'm expecting continued strength from the dollar this week, supported by the fundamentals news on Thursday and Friday. We're posting HH and HL formation and expect this to continue through this week.

Finchcliffe Updated 

There's not much in the way of this move from what I can see. Yen continues to be the weakest currency in the G10 (for now, BoJ look set to intervene at some point this year) and for the short term I expect this to continue to meet the descending long-term trendline that's formed. I'll be looking for sells around 115 with any LTF confirmation, but until then I'm...

Finchcliffe Updated 

Expecting a longer term reversal soon from this pair, based on price action and also fundamentals. Looking for a sell on LTF around 1.72. If we break and retest the wedge lower boundary we'll be looking at 1.68 and a nice 400pip move.

Finchcliffe Updated 

We've broken out of the long-term bearish trend. I'm waiting for a retest of the descending trendline and then going for a buy. This idea should be supported by fundamentals this week, with a dovish SNB and a hawkish NZB.

Finchcliffe Updated 

This current bullish move looks to be running its course, resembling a bull flag. Will be waiting for a confirmation on LTF's to get in short, hopefully before the big news on Friday, which I expect to confirm interest rates staying as they are for longer, and a hawkish fed.

Finchcliffe Updated 

Even though sterling has found recent resilience, we are in a long-term down trend. I believe the recent rally must end, fundamentally the pound is much weaker than the dollar, the UK is in recession and the US looks likely to avoid one. The FED will start cutting rates, but I believe the BoE will act sooner (or at the same time) because it doesn't have the...

Finchcliffe Updated 

Big news from the RBNZ shortly, it is possible we'll get a hike, but either way I'm expecting NZD strength as a result. I'm seeing weaker Euro, and the pinbar shooting star today on the daily candle means price action is also in favour of a continued short trade here.

Finchcliffe Updated 

Expecting a drop from this pair, so looking out for a confirmation on LTF's. There's a squeeze with big rejections from the descending trendline and this pair is coiling in a very small range. Expecting the breakout below, with Aussie inflation data on Wednesday - AUD inflation has been more stubborn than most so any inflation increase and I will expect Aussie...

Finchcliffe

We're back returning to the ATH, which is around the centreline of the rising channel we've been in since the pandemic. I'm definitely expecting a reversal soon, we may post another ATH by a whisker, or it may double top before a move back down to the lower boundary. Any strong JPY fundamentals will break the boundary and signal the reversal imo. Surely the ...

Finchcliffe

I'm expecting to see USD strength through March with a Hawkish Fed that has strength ibn their economy, compared to all other crosses. Looking at the 4hr chart I'm seeing a couple of bearish engulfing candles and therefor looking for a short in an LTF. There is very choppy water between 0.735 and 0.7366 so we may see a lot of indecision here but I'm overall...

Finchcliffe Updated 

I'm expecting a big collapse from this pair over the next few weeks. I'm seeing a Break of Structure on the lower timeframes, with 1hr retest. GBP data shocking and certainly indicating recession, USD not looking like a recession. Heightening global conflict could also lead to a stronger USD. I'm going short on this pair, first target 1.255.