Comparing USDCHF (UC) with history we may assume the same direction will be followed except there may be a shift between cycles which may speed up of delay some steps. In this case we see a delay of the first big fall of UC, roughly 400 pips, in our current time.
The 400 pips change will then also need to be applied to one of the other members of the...
USDJPY (UJ ) is giving it again to us with its seasonal drop. This time it was again the question if the Cup and Handle would be completed by UC and UJ or not.
The chart includes both scenarios. Either based on the Cup & Handle or based on a Triangle, giving two opposite outcomes, very nice.
Which one is it going to be?
A seasonal recurring event for UJ is for the USD to drop substantially against the JPY and this year I expected it to happen in April. GBP has outperformed USD for the passed 6 years and USD was slowly losing strength from January onwards this year. I predicted that March would be the start of the UJ drop because it is also financial year end for BOJ and demand...
USDCHF ('UC') looks like it's having a case of history repeating itself, as marked on the chart with the date ranges of which 37 days have passed of the total of 75. The remainder 38 days I expect 'UC' to go into a downtrend approximately like ghost bar pattern on the chart.
In that period 'UC' will make, as part of USDJPY (UJ) drop seasonality, a decent over a...
Earlier I posted this EURCAD opportunity in the Forex chat room on TradingView. There is still a good 550 pips left to gain I estimate, however if you go in now you need to wait for the pullback when EUR goes down and then time precisely for the upswing.
Recognising a pattern we have seen before early December '17, I immediately assumed it was another stop hunt. However, now armed with more knowledge and experience I forced myself to take an objective stance.
That Lama signal is my joke. I remember seeing that a few times in December and later, it sometimes looks more like a short legged and long bodied dog like...
Currently, USD benefits from two forces that build up sentiment worth mentioning, the Peace Summit and the FED meeting. However, powers are already fainting.
Buying power of both currencies is exceeding selling power, however in USDJPY (UJ) there can only be one the strongest. So here it may look JPY is being sold mainly but it's merely aiming down because in...
It's finally happening. USDJPY (UJ) is going to drop into the Abyss and EURUSD (EU) will therefore rocket into the sky and perhaps beyond. See my writing style footnote below if the first line somehow bothers you.
Not much time before it starts (maybe it already is) but you will have plenty of time to trade both symbols because I predict EU to start a bull run...
Recognising pattern in the uptrend ongoing from October 2017 until now I was able to estimate the new top of the coming couple of weeks. The arc shaped arrows point the patterns that look alike and the pattern to be copied.
The height multiplier is the division of the height of the previous two patterns that are almost identical in width and shape. Multiply the...
The fall of the USD will set a chain reaction through the market. CAD will be dragged down and lose value while NZD wil freely regain what it lost to prepare for the USD move. The result of NZD/CAD is huge, about 1500 pips, if not more...
Credit for spotting this one goes to @bonoscharts
Current USD rally was pushing other major pairs and crosses back to old price levels as it was trying to reach higher. USDCHF was rising each day from mid April onwards but now shows reduced momentum towards current top, signalling it will not climb much higher.
In the meantime the USD rally has started to cool down and no more further increase of USDCHF is...
Hello all, please find together with this text my ideas for the direction of the major pairs at 4H close April 26, 9am UTC.
From left to right, top down:
USDJPY - Down
GBPUSD - Up
EURUSD - Up
USDCHF - Down
USDCAD - Down
AUDUSD - Up
NZDUSD - Up
The last chart is a simple equally weighted index across all major currencies for the USD, direction - Down.
Check out AUDNZD knowing that NZD has been pretty strong lately.
When JPY turns around it will ignite the thrusters. Should be soon. Other winners are currently weak currencies such as USD and CHF.
Enjoy the party!
Check out related ideas too.
A quick look at recent history, April 12, speculators attempted a USD breakout, imo against macro economics, and failed. A second attempt took place on April 13 only less strong and creating therefor an ascending triangle for EU squeezing up on Wednesday April 18 9am UTC. Until then probably a few more failed attempts imo, nevertheless tradable for the experienced...
Major pairs USDCAD, USDCHF, GBPUSD, EURUSD, AUDUSD & NZDUSD are syncing up with CADJPY, CHFJPY, GBPJPY, EURJPY, AUDJPY & NZDJPY at the moment of writing. At the center sits UJ ready to drop endlessly into the Abyss. It will lift USDJPY to the price level of one of the others mentioned before and than crash down immediately.
Good news for UJ bulls is that I expect...