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reasoning on chart.

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reasoning on chart.

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Both the Dollar and the Euro are resting on orderblocks. The Dollar block is a strong support line that it has already bounced off in the past. The Euro bear block is the recent high from a few months ago and has bounced off it before.

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reasoning on chart.

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Reasoning on chart.

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It is impossible for the dollar to keep climbing even if it is king. Eventually the dollar index with change tides, and when this happens smart money will already be long gone. The fall to bull blocks will be drastic. This is a time when you will be wanting to keep a VERY close eye on USD cross pairs. I know I will be watching cable and fiber for any sign of a breakout.

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I;m unsure of which way the market will move after the weekend so my advice would be to stay out or set orders with low r/r on either side. There is nothing on Monday news wise that should break any of the orderblocks so I expect them to hold. If next week hits the bullish block it will certainly be time to long fiber.

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The rapid decline in price was caused by NY traders flushing out stops on long positions and filling their own orders. Price has bounced off this order block a few times so it could still hold stong.

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NY is flushing out stops and getting orders in, potential pips to be had in a long position.

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candlesticks are showing that buyers could be running out and price could retrace down to the 61.8% fibo.

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An oversold market, and a MACD crossover along with support at the 0.76 Fib level all are going to drive up the EURUSD price.

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If GBPUSD can break the 1.565 level then it looks like it is clear for a break out into the 1.57 and up region.

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Aggressive doji patterns and plenty of support will drive the market up.

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The market is repeating itself with lower values and has formed a classic double top. I think the increase we are seeing now is Yellen hype. A push up will close out shorts then the market should fall to the neckline support.

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RSI is showing the market is overbought right now, I anticipate a small price drop while the market settles.

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$AUDUSD has tested this resistant level three times and has not been able to break it yet. The price increase is due to shitty USDOLLAR performance. This level could be a a good opportunity to gain some pips with a well placed short around 0.7500-0.7510.

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I think we will see a dip in the $USDOLLAR accompanied by an increase in iron ore prices. This will drive the price of $AUD higher.

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With the recent release of the Employment change and unemployment rate both being positive and the up [coming FED hike for the USD an increase is inevitable IMO.