JoeLopezFX

JoeLopezFX

AUDUSD broke out from Descending Wedge. Might swing back down to 0.678 before it goes up around 0.680. Always use proper risk management.

JoeLopezFX

AUDNZD bouncing off Support. Could break Resistance once it reaches that point. Always use proper risk management.

JoeLopezFX

EURJPY is over bought on D1. It has also hit Resistance around the 121.0 mark, as well as bouncing off a Descending channel. Should be heading back down to the 118.0 zone. Brexit might have an impact on the analysis. Always use proper risk management.

JoeLopezFX

EURJPY just had a Breakout from a Descending channel and heading north close to Resistance around 118. Always use proper risk management.

JoeLopezFX

GBPCAD heading to Fib 0.786 and bouncing off of it and coming back down to Support around 1.619. Always use proper risk management. Enjoy your weekend.

JoeLopezFX

GBPCAD Short on the 1H. Just had a breakout from its Ascending channel. Going back down to support. Always use proper risk management.

JoeLopezFX Updated 

USDJPY seems to be forming a Head and Shoulders patter on the Daily time frame. Looks like it will break Resistance to form the Head of the pattern then come back down to form the second Shoulder and bounce of the support one more time. There's a possibility that it will not come back down to form the second Shoulder and bounce of the Resistance making it the new...

JoeLopezFX

XAUUSD formed a Head and Shoulders pattern. Looks like it's heading back to 1400. We still have NFP news coming up this Friday. Always use proper risk management. Happy Trading!

JoeLopezFX Updated 

AUDUSD forming a butterfly pattern on the 4H time frame. Should reach 0.6800 by midweek and break through Resistance. This coming week is NFP week. AUD has several RED folder events as well. These events might change the direction of the market. Always trade with caution and use proper risk money management. Happy Trading!

JoeLopezFX

EURUSD had a breakout on a Descending wedge. Currently bouncing off support and expected to go north. Remember this is NFP week. Always use proper risk management. Happy Trading!

JoeLopezFX

USDCHF formed an Ascending wedge and has a confirmed breakout. It has also bounced of Resistance. Dollar was on a high last week but seems like it will die this week. Please keep in mind that this is NFP week. Always use proper risk management. Happy Trading!