Hi Team,
As discussed on last night's FX market scan it looks like many pairs have completed their trends and are now in correction mode on the daily.
This gives us an opportunity for some counter-trend trade on the smaller timeframes.
I'm liking EURNZD long here for a "C" wave up.
Cheers
Dale
DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The...
After a solid uptrend that broke some significant weekly resistance zones and market structure, the EURUSD looks to have found a top and is now in correction mode on the daily.
I'm expecting further short-term weakness to test the previous structure before Euro decides its next move.
You'll notice that the EURUSD is usually inversely correlated with the DXY, so...
After an impressive run up over the last few months, BTC has made an impulsive move down, which looks to be a clear End of Trend signal IMO
The Perma-Bulls will probably try to buy this up and try to test the highs, but it feels like we've got a fair bit more downside to go to me.
I'm thinking a pullback to the 0.38 Fib retracement and round number 40,000 level...
After a nice breakout of the long-term downtrend channel over the last few weeks, Dollar Yen looks like an end-of-correction on the 1-4hr today for another long entry.
Looks like there's plenty of room to the upside and looking for a test of the top of the falling wedge trendline.
Cheers
Dale
DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The...
Although I don't often trade Crypto, a friend asked me what my take is on Dogecoin.
Since it's so new I'm not sure if these technicals are valid, but after some extremely overbought characteristics, it now looks like it's in a correction to me, and is trying to form a base around previous support levels.
If we see an impulse up it could be a good long entry I...
After a 4 year Expanding Triangle corrective move from 2017, EURGBP made an impressive impulsive move up in early 2020, followed by a corrective move ever since.
We are now at some significant Fib retracement levels and it is decision time for this pair.
Either we find some support around here somewhere and start to see an impulsive move up which would signal...
It's not often that you nail a perfect trade, but when you do it's like when you hit a golf ball down the fairway with a One wood and it makes that beautiful Ping sound hey!!
That one beautiful shot keeps us coming back for more!
We identified this Kiwi Yen Long on last night's FX Market scan. I got stopped out on the first entry during the European open, then...
Markets seem to be positive this morning which could be the start of a "Risk-On" theme for the week.
The commodity currencies are showing continued strength and Yen is weak across the board.
AUDJPY, NZDJPY, AUDUSD, NZDUSD etc. longs all look solid with no signs of the longer-term trends ending jumping out to me.
I'm stalking an AUDNZD long
We'll discuss...
As discussed on last nights FX Market scan in Market Mentor:
After a big move out of the BoE interest rate decision GBPCAD looks to be continuing the uptrend.
See you on the next call next Monday at 5 pm AEST time
Cheers
Dale
DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The information presented here is general in nature and is for education purposes...
As discussed on last nights FX Market scan in Market Mentor:
After a big move out of the BoE interest rate decision GBPCHF looks to be continuing the uptrend.
See you on the next call next Monday at 5 pm AEST time
Cheers
Dale
DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The information presented here is general in nature and is for education purposes...
As we identified on Monday's FX market scan, Euro weakness persists.
See you on next Mondays call at 5pm AEST.
Cheers and trade safe
Dale
DISCLAIMER: Just ideas, no crystal ball, NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate...
