audjpy hasnt closed above 95.6 on a weekly level throughout this whole run. it's friday & pre london, i believe this pair is going to continue the trend of closing below 94.6 on the weekly level.
i dont believe this pair is bullish at all. usdcad hasn't closed above 1.3044 since in a long time and since May 12 it's been rejecting there and closing beneath it. with all the dollar strength there has been, due to mainly euro weakness, it doesn't show in usdcad that much. my money is on the short side!
i do not know if this is a head and shoulders? today is nfp day, this is liable to go crazy. but according to TA, in my eyes, this is a head and shoulders. let's see if i'm correct or not. ......not in a rush to be trading usd pairs as nfp is today!
GbpJpy has been in a slump lately. it just recently tried to re-establish the overall bullish sentiment/structure it's been in for a while but i dont like the way it has/is rejecting the previous consolidation zone. in my book that normally means it's time to short! & that's exactly what i'll be doing!
is this a head and shoulders patterns we are looking at on CadJpy? or is that just a nice support trendline. well this pair struggles to close above 105.9 & has been that way for a long time, even with yen weakness. cad is also at some strong resistance in other pairs / the cxy(canadian dollar index). my money will be on the short side , until jpy shows further weakness!
i waited until the hourly candle closed because i don't way the way it is closing! this pair LOOKS to be consolidating! i can see nu touching .621 and maybe under, to go and look for support! i believe it will, but for now we must get there, and i believe that's where NU is going! My money is on the short side!
How many times is eu going to dip below 1.04 and bounce? Recently the daily candles refuses to close below there and maybe it's a sign that the euro has another chance to rise. if not then we will be breaking multi year lows and the bearish trend may have no end in sight. Until a daily closes below 1.04, i expect the uro to keep fight. So, my money's on the long...
Aud Jpy is in a weird zone, it clearly doesn't like being here. it's rejected here before, as well as used it as a support zone! On a daily level it seems to drop from here(94) to sub 93 within the day, using that as a support just to go back to 94 as of recently. I think we get another one of those days, I'll take the short until 94 show that it is the new...
EurCad has been in consolidation since dropping to level of 1.377. Going as low as 1.339 but not being able to break above the 1.377 level, rejecting it every time. Seeing a downtrend forming on the lower time frames, & multiple rejections on Higher timeframes, such as the daily. This pair has een in a downtrend since Dec 2020, who's to say it stops now. My...
i think eurjpy is probably double topping on higher timeframes and is possibly done rising for the week. going to take a possible reverse from 143.3 down until 139.4 (390pips/2.8%), with a TP set around 141.5 (175pips/1.25%).
yen looks to be ready for aa pull back. in this pair i expect it to go into the 90's area (actually touching 90) to be exact
euro has been the weakest currency, all week, of the majors! bank of canada just hiked rates! thats just the spike we needed for the best price as the euro gains it's strength to close all of it's gap! the EURO is the only currency that has YET to close it's gaps ECB next week on Thursday March 10th from 7:45 est (rate decision ) 8:30 est (press conference)
Technical and Fundy Purposes: EurChf is on a weekly support at 1.03, RIGHT NOW, as RUSSIA invades Ukraine! HA! What a perfect excuse for a "news" candle to liquidate the previous low and BEGIN the real BULL RUN! There is a POSSIBLE (which means NOT guaranteed!) Weekly Harmonic DEEP CRAB back to 1.115. To Be Continued ...
On a weekly level, 125.5ish is a price that CHFJPY cannot seem to close ABOVE .... update soon
dollar sold off after a crazy fomc bounce, but tbh it just went from the low of the weekly range to the top. so i can see the euro falling once more and dollar rising for a little bit until nfp. since dxy is heavily inverse to eu , i feel comfortable with. DXY LEVELS to watch are on the screen.
THIS IS THE DEFINITION OF A STOP HUNT! we've all seen how the dollar has exploded over the past couple of days but NZD is not giving up without a fight you can see that every time the kiwi goes below .695 on the weekly candle it rushes back up before the week is over. now fundamentally speaking, WE KNOW the RBNZ (New Zealand Central Bank) will be raising rates...
pretty simple, dxy looks to be forming possible head and shoulders, but do we rise for a right shoulder? just something to be aware of.