RudiMarin

RudiMarin Updated 

My mexican Pesos index could be topping in what could be a first A wave coming after a long period of weakness. If so, B wave could be coming to the downside before a strong bounce to finish the correction.

RudiMarin Updated 

DXY has been in a corrective move all of 2017 and could finally bounce from 92 level. Daily time frame also displays a meaningful RSI divergence.

RudiMarin

So far the monthly chart of CADNZD displays a strong break out higher. I'm waiting for the close of the candle for confirmation of the upside potential.

RudiMarin

USDJPY has completed a 5 waves upmove and is in a consolidation pattern. The most obvious pattern I can see is a falling wedge (blue) that would need completion lower. A fall below the 100 mark could be seen amidst a risk off / market correction. Finally, we could have a typical false Breakout of the fallling wedge to tag the bottom line of the rising channel,...

RudiMarin Updated 

My gold index is evolving in a bear flag type of pattern which should resolve lower. although price currently hit the support line of its symetrical triangle which should provide a temporary bounce, I will be looking for short entries to target the 61.8% and 100% extension fibs.

RudiMarin

The pair is in a Medium Term downtrend and the current price pattern looks corrective, ready for downside continuation. As long as the price stays in the channel, shorts are favoured in anticipation of a break lower.

RudiMarin Updated 

The 200 weekly MA is in a downtrend and price just reached it yesterday. I would favour the downside from here. Tonight is BOJ Monetary Policy Statement; we could see some volatility.

RudiMarin

SPX has been on fire since Trump's election. Prices are now very close from an important level, the -100% extension of the fall from 2007 high to 2009 low. It seems a bit late in the month to put a meaningful topping candle and I would rather like to see a close around this 2485 mark for July, followed by an important break higher at the start of August,...

RudiMarin Updated 

NOK has been weak compared with SEK for a while now. we might have a change in scandies relative strenght on the way.

RudiMarin

The euro could be revering lower soon. Price reached a very meaningful area.

RudiMarin Updated 

AUDCH is in a long term downtrend and put a serious reversal weekly candle last week when backtesting its broken rising wedge. Such rejection in a downtrend should lead to further downside. Short favoured.

RudiMarin

Everything is looking rosie for the kiwi. Things could start to shift and I'm looking for a possible short entry around 0.76. The main trend is downward and the current structure looks corrective.

RudiMarin

USD is sitting right at support against a basket of emerging currencies. As long as the support holds, long positions are favoured. The overall pattern looks corrective so far, I will revisit the chart when it breaks to either side.

RudiMarin

USDMXN is looking for a bottom to finish its first corrective wave. Price could still push a bit lower but we should be nearing the turn.

RudiMarin

Here is my scenario for the coming month. Prices are probably in the wave 3 of the final wave 5 of the cycle started in 2009.

RudiMarin

I thought I'd update my call on buying USD at the trendline support. We are now less than 1% away and I can see a ton of currencies to buy it against. We'll create our own basket to ride the next upside leg and I shall update on my pick.

RudiMarin

EURCAD closed its gap and hit a support line. Expecting a move higher from here.

RudiMarin

My Gold /Silver ratio got seriously rejected from its multiyear resistance trendline and the ratio looks ripe to fall toward the bottom of the pattern. Long Silver / Short Gold could prove a fine strategy until then.