FXwithJess

FXwithJess

Possibility that we could see it go all the way to 88 level. No signs of it heading back up atm. Strong bearish momentum

FXwithJess

Looking at the double top or M pattern forming. We could see price go all the way to 75.5 level.

FXwithJess

Nice sell set-up again. As you can see EJ loves selling from this price point. Previously caught. Price is rejecting a 4H TF level

FXwithJess

The above chart shows what is called a “channel” in trading. It is basically diagonal support and resistance (a.k.a Trend-lines). The area in between is known as a channel. The red zone is said to be the perfect entry area for sells whereas the green is for buys. How To Find The Zones? Using the “Parallel Lines” tool, draw the diagonal S/R then measure the...

FXwithJess Updated 

Double Top Confirmed. Waiting for the trend-line break and retest.

FXwithJess Updated 

Looking at this sell opportunity for EURUSD. Waiting for more confirmations to line up, break of the S/R zone and strong sell candle close.

FXwithJess Updated 

Looking to get the break and retest of the smaller blue trendline to enter this sell position. As long price does not break above my highest plotted resistance zone, I will be bearish on this outlook. However, lots of volatility this week with fundamentals so risk management/stop loss is advised.

FXwithJess

Downtrending trend-line has been showing strong respect since January 2019. There is a longer term potential downside to this pair however I am expecting the Dollar to lose strength based on technical analysis this week, keeping in mind all that has been happening, there's no telling what could happen. Judging from what the US Dollar does, we will know how to react.

FXwithJess

Looking at the bullish pennant pattern, we could see a breakout to the upside. Keep your eyes open. Unemployment claims on Thursday might give us a weakening dollar.

FXwithJess

Looking at the reaction of this Key Zone. Fib levels. Possibility that the Dollar might lose strength (possible trend reversal).

FXwithJess

Downtrending channel forming on EURUSD this week. The Dollar has been gaining strength this week.

FXwithJess

Right now, I'm just watching how price reacts to this current SR zone. I'm expecting to see a break of the support and once it retests, I'll be looking for sells. Price is also on a downtrend.

FXwithJess

Quick Update on the DXY, we're seeing this downtrending trendline, price has been respecting. I'm looking for a loss of strength in the USD over this week based on technicals. HOWEVER, we have a lot of high impact news regarding the US Dollar this week therefore I would trade with caution. Be strict with risk management on USD pairs. If the dollar does in fact...

FXwithJess

This is what I'm looking at for this pair. We would need to see the Dollar lose strength against the Yen. Sell once price breaks with a strong candle, and fails to go back into the uptrend.

FXwithJess

My forecast for the dollar since last week. Looking for price to head down to that trendline, based on technical analysis, we have the channel, resistance at the point it sold from. We have had strong sell momentum since last week and based on all the bearish news, I expect it to drop further.

FXwithJess

Still in an overall downtrend but I'm looking for price to reverse and head upwards. If price breaks and retests 107 level, failing to break below again (strong candle close), I'll be looking for buys. Otherwise, we can expect bearish momentum if price finally breaks below the points highlighted by green circles.

FXwithJess Updated 

The dollar index hasn't been past this 98 level since May 2017. With strong buying momentum recently and major news this week, will the dollar finally break above? This area is a key resistance level. Overall, I'm bearish based on Technical Analysis. Fundamentals, according to news websites, suggest a bearish forecast as well.

FXwithJess

Looking at this pair to head to the downside. So far I only have 3 solid confirmations but I want to wait until price is at the 1.128 area.