Hi Guys, The U.S. dollar index is a measure of the value of the U.S. dollar vs a basket of currencies which include the euro, Japanese yen, Canadian dollar, British pound, Swedish krona and Swiss franc. The euro holds the most weight versus the dollar in the index, constituting about 58 percent of the weighting followed by the yen with about 14 percent. And this...
Hi Guys, the above to show the performance of USD/JPY since the beginning of the year divided in weeks. H1 chart (compressed at max) shows an uptrend supported by two SMAs. The slowest should provide a balance of the trend and should correspond to 50 line in the RSI. The longest should provide support. At the moment price is supported by the 450SMA with 150SMA...
Hi Guys, on Monday morning Gold retrieved from Friday's hights along with sentiment as shown in RSI to find support on the 100SMA at approx 1290 in the afternoon. Retail Sales were up today but faild to uplift DXY above 97.40 turning short term sentiment for US dollar into bearish (positive for Gold). AToW Gold is still supported by the 100SMA even if sentiment...
Hi Guys, this is a follow up of the idea I posted on March 3, before week9. See the H&S pattern taking shape? The yellow metal seems to have found support at same level as in week3 but below the 156SMA and most important below 1.300. Week10 will provide interisting opportunities as it unfolds therefore I would not rush in on Monday morning but let the price make...
Hi Guys, following the move down on Thursday Week9 I would expect bearishness to continue ranging throughout week10 below the SMAs at least until mid-week. On Monday morning, same as GOLD, before 9 o'clock, the pair may reach for the SMAs just above 1.12526 to be pushed back below at opening towards 1.12 again. Maybe a potential bull trap forming on those...
Hi Guys, GOLD could range below 1300 all week10. On Monday morning before 9 o'clock price could break above 1300 level but if pushed back below by 250SMA at opening price will form a bull trap that would look for support on the 100SMA. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me...
Hi Guys, 111 is key support here. Since the beginning of the year following the big dive to 105, USD/JPY climbed reguralarly from 108 to 112. Week8 brokeout without hesitating for the upside to hit 112 and week9 ended with a retest of 111. Monday morning could still hit week8 low and if it does I will probably go for a bounce. But after that I expect a week a...
Hi Guys, following week9 fall I would expect some period of horizontal consolidation throughout week10 above 124.420. However, on Monday, if price falls below 124.420 before 9 o'clock, I will look for a rebound from 9 into lunch time. I am expecting a bear trap on this level but for the time being it is just in my head and I have to wait before I can take any...
Hi Guys, EUR/USD and DXY are unfolding their moves. Watch out for USD/JPY and Gold that seems lagging both. Strategy: See my last post in the related links below. Thank you for your support and for sharing your ideas. Don't forget to like if you like the post and to follow if you want to receive notifications on new or updated ideas. Respect, Be Carefull...
Hi Guys, below I will post the weekly chart as tomorrow it's Friday and the weekly candlestick closes. See how in the weekly chart the 10SMA is supporting? I know, maybe a too bigger daily candelstick is required to go above 57.94. Maybe next week...meybe never. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a...
Hi Guys, Monday and Tuesday it tried to move higher but was kept under the 195SMA. Wednesday tried to move higher but again failed and now the 75SMA could push it towards 55.67 level. If 55.67 level is breached Oil may dip to 55. Let's wait & see. Thank you for your support and for sharing your ideas. Don't forget to like if you like the post and to follow if...
Hi Guys, the scenario has not change much since my last post.(see USD/JPY: Week9 Kick Off in the related links below). The pair is ranging between 112.000 and 111.640. Momentum seems fading more and more and if price falls below current support @4, price could retrace 50% of the move 0 to 3 in accordance with the rule of wave alternation (if wave 2 is shallow,...
Hi Guys, it's Wednesday and the DXY may be bouncing on the 50SMA or crossing it. In the H4 chart that I posted yesterday the 50SMA follows the swings. Maybe in the H1 chart (above) the 50SMA provide support for another attempt to climb above 97. On the other hands please note a similar structure (1234) in USD/JPY which may extend the bottom of wave 4 deeper...
Hi Guys, since my post of Feb 24, price crossed through the black box to bounce on the 1000SMA, cut the 50SMA and run towards 97 where it met resistance and stopped. If and when it will cross resistance at 97 I don't know. This structure just show a sequence of highs and lows that form a triple bounce on a very long SMA. Nice swings though! Lol Strategy: Wait...
Hi Guys, this pair started week9 going down. Same as Gold and contrary to DXY. RSI very close to be oversold. If momentum builds up and price crosses 1.12832 there may be potential to get to 1.12526. However be carefull that price could also bounce from here and look for the SMAs to cut short-entries aiming at short-term profits like me. USD/JPY stopped at 112....
Hi Guys, on Feb 11, 2019 I posted some thoughts on EUR/CHF and USD/CHF in relation to their PEG (please refer to the Related Ideas linked below). EUR/CHF at 1.20 (A) USD/CHF at 1.02 (A) Both are travelling below their PEGs. With reference to the 4H Chart posted above, please note it is just a structure and do not provide any trading opportunity for the time...
Hi Guys, following the drop from beginning of 2019 USD/CAD made an inverted H&S supported at 0.618 retracement of the run from A to B. Watch DXY and USOil for correlations. If you want to see the move Oil made since Khashoggi's assassination please click & play the following chart. Thank you for your support and for sharing your ideas. Enjoy:) Disclaimer:...
Hi Guys, the pair paused between 112.000 and 111.640. Sentiment remains bullish. My idea is that the run will resume to climb above 112.000 to end at approx 113.000 before correcting. If momentum is lost and price falls below current support @4, price could retrace 50% of the move 0 to 3 and make its bottom on the pink horizontal line in accordance with the rule...