Today many Events From USA like US CPI m/m US Core CPI m/m US Retail Sales m/m US Retail Sales m/m and few others. As Technically Strong support at 99.3 level and as Fundamental also data seems in favor of usd it data comes good and hold support we can see usd 100-100.4 level soon. Stay long with usd till not breaks 99.2
Important day a head As Calendar BOJ Press Conference with in 25 mins. RBA Gov Lowe Speaks @ 2.10PM Eur Minimum Bid Rate @ 4.45PM Eur ECB Press Conference US Core Durable Goods Orders m/m US Unemployment Claims @ 5.30PM US Pending Home Sales m/m @ 7.00PM Timing as per PST +5 GMT. Expecting bad day for USD.
Firstly congratulations to those who took shorts on the previous idea (please see attached), very well done for clearing all targets on the handle. We are rolling with the dollar holding 100.xx post FED - we need to keep in sync with the dollhair to make our next few months a lot easier and it will separate the men from the boys, having a crystal clear map will ...
Afternoon Firstly apologies guys for not posting many ideas recently, I have been up to my eyeballs working on other projects alongside our private trading group. The neckline was broken on the head and shoulders around the 100 level indicative of further decline toward the 98 handle. Provided the DXY remains below the right shoulder highs and 50d moving ...
News Week ahead so expecting USD toward 104 if hold above 100.5. Where breakage of 100.5 may call for 99-99.5 Lets ready for Zigzags Rides 1. May's Brexit speech on January 17 2. ECB meeting on January 19 3. Trump's inauguration as 45th US President on January 20 4. Bank of Canada meets 5. China's President Xi to address Davos
So guys, when you hear someone talking about patterns that repeat itself, this is usually what they mean. Can you see that similarity between those two cycles? Sure you do :) I am expecting this last leg to end at the TL and the 1,414 to 1,618 Fib extension area. Like if you agree, Follow and support!
Dxy trading around 101.6 where daily high 102.05 as Trend line its can Drop from current level or from 102.05 if hold above 102.2 on Daily then next is 103-103.5 where if hold below 102.2 a corrective move Expected toward 100.3-100.5 If this happen As idea Eur 1.0650-1.07 usdjpy 113.5-114 Gold 1175-78 Expected