DerekUweri71

DerekUweri71 Updated 

EURAUD looks like its ready to continue its rally but a Bear Break & Test of the TL means the Bears have other ideas. A bear signal at 1.5640 may warrant a short scalp

DerekUweri71 Updated 

$cad has retraced from a strong Resistance level and price is now sitting at the support level of a rising channel. If we get a Bullish signal here, I will take a Long position targeting 1.2570 with a stop loss at 1.2480. If price is unable to break above 1.2525, then we could see price heading lower at least to 1.2470.

DerekUweri71 Updated 

potential sell off on $chf. Unemployment news out in 20 minutes. Does this mean the news is negative for US?

DerekUweri71 Updated 

Long Term Bull Trend continuation on £JPY

DerekUweri71 Updated 

Bears seem to be wrestling with the bulls here. Support violated yesterday. TL Resistance maybe respected. Let's see what happens. ADP release in the couple of hours so anything can happen.

DerekUweri71

Due to the strong bear pressure, the euro$ will need some aggressive buying to get this pair moving up. If that does happen, it will be a good buy. Must wait for a strong bull set up though.

DerekUweri71

Short if a bear set up develops

DerekUweri71 Updated 

There could be some active bulls at this level. Let's see how enthusiastic they are during the UK/European session.

DerekUweri71

EUR$ is threatening bullish pressure. Could get some tradeable longs.

DerekUweri71 Updated 

The Bulls are still very much in control of this market. There's been some bullish pressure in the last few days and this may be set to continue. The sellers tried to put in a double top but this was a set up for the bulls to break the Trend line and now price is consolidating giving bulls another opportunity to buy.

DerekUweri71

Reasons for short bias:- 1. price testing Trend line, 2. price at channel resistance Daily Double Top completed yesterday so this may be a continuation down. U.S $ CB Consumer Confidence in 3 hours ( 15oo Hours BST. ) Market may hold off any major movement until then.

DerekUweri71

I'm keeping an eye on £aud. I was expecting price to rally at this level but I can't seem to find the buyers which makes me wonder where they are if there are any at all. We could be in for a long way down to 1.6900 (400 pips) if price breaks below this support level. On the other hand, if we get a strong bullish set-up, then we could see price rally to 1.7750...

DerekUweri71 Updated 

The bulls seemed like they were winning but the bears have taken over. Wait for a clean break out.

DerekUweri71

Although Oil is stuck in a range today, the bulls might just overpower the bears.

DerekUweri71

We have some bulls here and what price does depends on how strong they are. If $43.00 holds, we could see a bounce here. If price breaks below $43.00 then we could see a continued sell off from yesterday.

DerekUweri71

short cable of this level holds

DerekUweri71

if $44.90 - $45.00 holds , we could see a continuation down.

DerekUweri71

USDCAD is in a strong uptrend. It's been selling off in the last couple of weeks which almost makes you forget its in an uptrend. It may have bottomed out now and ready to resume its move up.