Due to the previous week being bullish after a long bearish run, I would expect Aud to ascend versus the Jpy pairing. My reasoning for this leads me to believe we will have a short term selloff towards the 78.5 region before moving up to break previous resistance , towards the 79.2 level. I would like to take buys around the 78.5, 78.2 region. 78.00 broken would...
I see the Euro trading lower to a major support zone within the near term. With this in mind and bearish trend derived, I think that a buy setup should occur within the next few days. It would seem that the Eur Usd pair has failed to break the 1.1300 zone continuously. If price reaches this area, I would look to take buys to the nearest resistance zone.
I feel that the USD should trade higher. With a ton of momentum to broken previous two days of price highs, I feel that the pair should do the same thing again to target around the 109.20 Area. With this in mind, I drew a fibbonachi tool to derive a setup for a buy order. I would imagine price will reach here within the London or New York session, preferably New...
I see USD trading lower. With this in mind I would like to see a retracement to the 108.80 Level in London or NY, with a push down lower towards the large amount of liquidity to the left. See chart for details, comments welcome!
In the short term, I see a bit of consolidation around the 1.1070 and 1.1080 Range. I would like to see a breakout to retest the resistance of 1.1100. With a bearish trend in mind, I think the this pair will likely retrace far enough into a minor resistance zone to give sell scenarios at 1.1108,1.1116, and 1.1122. Targets for a short would extend to the 1.1009...
I see the USD fundamentally weaker than the EURO. With a larger timeframe bias in mind, we saw the previous day break the high of a Bearish day. I would expect this day to do the same with a retracement to test a broken zone around 1.1480-1.14978 of previous resistance. My fib was drawn from the most significant movement. Targets for my long position would be...
Please see chart for potential targets. Fibbonachi retracement levels and area of interest for a Short position. I would like to see this Pair break out of the recent consolidation zone to the upside before targeting liquidity below that zone.
For this asset pairing, I see the Euro trading higher against a weaker dollar. I think a possible retracement to the 1.135 level or 1.36 level before breaking the nearest zone at 1.14104. With this, I would like to see a continuation past 1.1440 to continue to grab liquidity above 1.14839. Fundamentally, I predict a weaker dollar in the near future due to recent news.
Logically, I think that we should see some sort of retracement to account for the extreme last few days of bearishness. With this in mind, I look to the level of 108.44 to be significant for a reversal of bullish behavior. With the previous monthly trend broken to the downside, I feel that there will be a gravitation towards liquidity of the previous day's wick....
I see opportunities to short this Asset pairing based on a number of factors. My main targets would be based on 1.26861 and 1.2648 for a short. Looking at overall market structure, the bullish trend was broken within the last three days. with this in mind, I see price retesting the bottom edge of this trend before continuing downwards. My Fibonacci was drawn from...
Previous Day's Momentum is Bearish overall. I continue to think there is a need to push lower to fill a large wick @141.15. With this bias in mind i take a top down view to find clarity. Weekly- Support @ 140.52, Resist @143.00. Bearish overall on this chart. Daily- 141.34 seems to be a significant level for Bullish price interaction to the far left. 1 Hour-...
I see the Eur Jpy pair trading lower. My main reasoning comes from yesterday's break of a short term bullish trend. With this, I think we should see weekly momentum look to turn bearish to fill the previous week's liquidity. On a higher timeframe, I see weekly resistance @ 129.050, Support @ 128.00. When going lower, I see that daily is in some sort of a...
For GBP JPY, due to Brexit fears, we've seen a huge amount of bearish momentum for the Pound yesterday. With previous day's bearish momentum in mind, I see the pound retracing to test 142.83 breakout for the pair. Weekly, Daily, and 4 hour candles suggest a push lower to the next resistance level. I would expect an impulsive rally for retest to then gravitate...
With a weaker dollar on the DXY, I see upwards momentum for this pair. With that bias, I see that the 1.5400 Level was respected upon retest. I see a retracement on the short term to the 1.15689 Level for a push towards 1.1600. There is plenty of room for a long term bias towards the 1.16738 level.
I see uj remaining Bearish for this week into next. A break below 111.80 Major resistance zone will see us continue lower. Currently, I see UJ retracing to the 112.30 Level to gather liquidity and then continue downwards toward 111.50/ 111.00 major Levels. If the 111.80 Zone Holds However, we can see a rebound towards 112.50 Levels.
