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...
Hot: UJ 4H H&S supports long awaiting UJ drop. Likely to be triggered by NYSE open now
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... Enjoy! Credit for spotting this one goes to @bonoscharts
This is it. Sell USDJPY. USD is about to crash and JPY in a uptrend is a perfect recipe for UJ to freefall into the Abyss.
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...
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. Cheers, Arnaud
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.
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...
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...
You wouldn't think, but I believe there are some friends around here looking for something to do this Easter. For them I compiled 4 challenges to study and use for the month of April. See if you understand each challenge and how each may add pips to your wallet.
Welcome back friends of USDJPY ! Will she finally use her one-way ticket to the Abyss, i.e. 100 Yen to the Dollar? Let me know your thoughts. Thanks, Arnaud
For the next two or three months CADCHF will be your pipcow. CAD being appreciated and CHF devalued causes the pair to rocket. Go long go CADCHF.
With the US Dollar getting weaker at year end and gold at a high somewhere in March, the forecast for the USD is down for Jan and Feb 2018. This means all pairs USDXXX down and all pairs XXXUSD up, except if the other currency of the pair changes more than then USD into the opposite direction.
Dr Khansalarehsan, our professor of Forex channel proposed AUDCHF to be launch any time soon for a distance of 230 pips or so. At closer inspection we now believe that it is possible for the price rocket to break resistance. We are all waiting impatiently for the canon mouth to accelerate the launch. To be continued...
Similar patterns visible on the week time frame of which the latter finishes earlier than the first and predicts a rally of GBPUSD any time soon today. This rally will help to complete the predicted large green bar of this week, which may be much bigger than the predicted one drawn here on the week chart. On Wednesday I predict this pair to rally again and break...
Quick analysis of AUD and CHF against an equally weighted basket of major currencies to validate earlier posted AUDCHF opportunity. For a rally of AUDCHF we ideally have a situation where AUD increases in value and CHF loses value at the same time. Looking at both indexes in the chart we can safely say that currently and the coming 6 weeks or so we have exactly...