DXY might give in for a little correction towards 96 today to reconfirm its main uptrend line from pre-brexit lows, then try to reconquer the post-brexit highs and might post a new high around 97, given that US fundamentals play their part today (Markit Services), tomorrow (Jobless claims) and on friday for the US NFP data. So considering this, I would be very...
Carefull with this one. Tide stop. It looks like pennant pattern on the way down. Question is break down or another rotation.
Beutiful dawnward channel. Also support going back to 2014 (yellow line)
Downward channel/ bull flag. There is also a posibility of upward channel paly a rolle (dotted lines) but I would love to see the price on lower trend line.
Entry level right at the pull back to upper trend line of falling channel. Channel inside a channel.
US Dollar 15m Long DXY Long We have just completed an ABC -and retest of the trendline for more upside next week. The 0-2 might be an ABC correction, either way, the trajectory still looks long for a few days next week.
Today, Bank of England governor Mark Carney said a rate cut is needed after the Brexit vote and hinted that it could come as soon as this summer! This news got the FTSE and the DAX flying up to nearly 300 points. Also, the Feds stated this week that they may cut rates this summer as well, possibly even this month (July) so that is really great news for global...
DXY - Long on 4HR/Daily Chart to the 1.618 break and retest of trendline as part of bullish elliot wave pattern
AUDUSD ready to bounce up from Fib and Past Structure. Follow of trend from beginning of year RSI suggest same. If trend is broken, then strong evidence for free-fall. GL
The price is touching a resistance + MA (200). The price will probably drop down to this area and then will continue its upward trend.
Break and retest of monthly trendline, It is now at the 50% retracement to go long. If it is in a correction, it could go up to a "B" before shorting down to a "C" leg
Bull Flag 15m USD - Self Explanatory -
The black line at around 96.72 mercilessly rejected the Dollar on 6/24/2016. Watch the lines for setting up short positions.
After a sharp move down , on a 60M chart USDJPY is correcting itself up, I'll wait for a break down to sell this pair.1st target would be 1.27 extension and the 2nd target 1.618 extension.
USDCAD targets 1.36 to form wave (c).