March 19th DXY: Consolidate along 103.80, with continuation to upside to 104.30 NZDUSD: Buy 0.6065 SL 20 TP 60 (Counter Trend) AUDUSD: Sell 0.6535 SL 20 TP 55 USDJPY: Complete retracement, Break above resistance, Buy 150.95 SL 30 TP 90 GBPUSD: Sell 1.2685 SL 30 TP 80 EURUSD: Sell 1.0860 SL 20 TP 50 USDCHF: Buy 0.8905 SL 20 TP 55 USDCAD: Test and bounce off...
Week of the 18th March (H4) DXY: Stay below 50% (103.70) to maintain bearish view, could trade down to 102.40 support NZDUSD: Buy 0.61 SL 30 TP 100 AUDUSD: Buy 0.6580 SL 40 TP 80 (Tuesday: RBA Decision) USDJPY: Riskier: Sell 148.50 SL 80 TP 200 (Tuesday: BOJ Policy Decision) GBPUSD: Buy 1.2760 SL 50 TP 100 (Thursday:BOE Voting) EURUSD: Sell 1.0860 SL 30 TP 60...
March 8th Non Farm Employment Change Scenarios DXY: Look for reaction at 103 resistance level. Strong NFP (>250k) : DXY break through and climb to 103.70 Weak NFP (<140k): DXY reject and drop to 201.10 NZDUSD: Sell 0.6155 SL 30 TP 80 (DXY strength) AUDUSD: Buy 0.6655 SL 25 TP 70 (DXY weakness) USDJPY: Sell 147.50 SL 40 TP 145 (DXY weakness) GBPUSD: Sell...
March 7th DXY: Stay below 103.40, to show downside to 103 support. Could bounce from support level NZDUSD: Sell 0.6155 SL 20 TP 80 (Hesitation at 0.6110) AUDUSD: Wait and see reaction at 0.6610. Breakout, Buy 0.6625 SL 20 TP 80 Rejection, Sell 0.66 SL 25 TP 70 USDJPY: Looking for reaction at 147.70, breaks support, Sell 147.60 SL 30 TP 90 GBPUSD: Sell...
March 6th DXY: Test 103.40, look for possible bounce, to range between 103.70 and 104.20 NZDUSD: Sell 0.61 SL 20 TP 50 AUDUSD: Buy 0.6540 SL 20 TP 50 USDJPY: Buy 148.90 SL 30 TP 65 (Bounce off support) GBPUSD: Buy 1.2720 SL 30 TP 50 EURUSD: Sell 1.0870 SL 20 TP 75 USDCHF: Do Nothing USDCAD: Sell on rejection, 1.3610 SL 15 TP 65 Gold: Stay above 2110...
Feb 23rd DXY: Stay below bearish trendline, break support area 103.70, trade down to 103.40 NZDUSD: Buy 0.6210 SL 20 TP 33 AUDUSD: Sell 0.6535 SL 20 TP 35 (possible head & shoulder pattern) USDJPY: 150.35 SL 15 TP 50 GBPUSD: Buy 1.2710 SL 20 TP 60 EURUSD: Look for reaction at 1.0885-1.0890 USDCHF: Sell 0.8795 SL 20 TP 40 USDCAD: look for bounce at...
Feb 22nd DXY: Break bullish trendline, break support area 103.70, trade down to 103.40 NZDUSD: Reject resistance, Sell 0.6240 SL 20 TP 65 AUDUSD: Buy 0.6625 SL 20 TP 80 (hesitation at 0.6660) USDJPY: WAIT, look for reaction at 149.70 GBPUSD: Buy 1.2685 SL 20 TP 80 EURUSD: Look for reaction at 1.0885 Buy 1.09 SL 25 TP 80 Sell 1.0870 SL 25 TP 80 USDCHF:...
Feb 21st DXY: Break 104.10 could climb to 104.40 (needs to stay above 103.75) NZDUSD: Reject resistance, Sell 0.6240 SL 25 TP 65 AUDUSD: Sell 0.6540 SL 15 TP 45 USDJPY: Buy 150.50 SL 20 TP 40 GBPUSD: Sell 1.2610 SL 30 TP 70 (Hesitation at 1.2585) EURUSD: Sell 1.08 SL 15 TP 35 (Could go a lot lower) USDCHF: Sell 0.8790 SL 30 TP 70 USDCAD: Sell 1.3535...
Could the USDJPY correct further to the downside, with DXY weakness dragging it lower? Despite potential downside on the USDJPY, i'd still prefer to look for buying opportunities while the BOJ's monetary policy continues to diverge from the FOMC. (who knows how long this will last) Look for a potential bounce on the USDJPY a the 149.60 (interim support and 23.6%...
The DXY currently sits slightly above the 38.2% fib retracement level. The price is likely to consolidate along this level for the interim. With no major news events for the USD, a move to the downside is anticipated. Look for the DXY to break down from the 104 price level to signal further downside potential, toward the key support level of 103.80 (which...
Similiar to the NZDUSD, the AUDUSD has broken above the bearish trendline. However, price is currently at the 23.60% fib retracement level. Currently in consolidation, look for the AUDUSD to push to the upside, buying beyond 0.6555 to the next resistance level of 0.6618 (38.2% fib retracement level) Watch out for the Aussie-related news, RBA monetary policy...
NZDUSD broke the bearish trendline. Looking for the price to break above the resistance level, which aligns with the 38.20% fib retracement level to signal further upside potential. Buying a breakout, the NZDUSD could trade towards the next resistance level of 0.6250 (61.8% fib retracement level)
Feb 16th DXY: Need to stay below 104.60 for further downside, break 104.20 to retest 103.75 NZDUSD: Buy 0.6130 SL 20 TP 40 AUDUSD: Buy 0.6555 SL 20 TP 60 USDJPY: Buy 150.55 SL 30 TP 80 GBPUSD: Buy 1.2620 SL 20 TP 55 EURUSD: Sell 1.08 SL 20 TP 75 USDCHF: Buy 0.8825 SL 20 TP 60 USDCAD: Buy 1.3450 SL 25 TP 90 (Hesitation at 1.3480) Gold: Waiting for...
Feb 15th DXY: Need to stay above 104.50-104.40. Good retail sales data, could see bounce to 105.40 NZDUSD: Sell 0.6073 SL 20 TP 60 (Hesitation at 0.6045) AUDUSD: Sell 0.65 SL 25 TP 50 (Alternative: Buy 0.6555 SL 20 TP 60) USDJPY: Wait for retracement to complete, Buy 149.70 SL 30 TP 60 GBPUSD: Sell 1.2510 SL 20 TP 60 EURUSD: Sell 1.0750 SL 15 TP 50...
Feb 14th DXY: Need to stay above 104.50, above 105 could trade up to 105.40 NZDUSD: Sell 0.6080 SL 15 TP 65 (Hesitation at 0.6045) AUDUSD: Buy 0.6485 SL 20 TP 40 (Alternative: Sell 0.6442 SL 30 TP 90) USDJPY: Buy 150.60 SL 30 TP 120 GBPUSD: Sell 1.2505 SL 20 TP 50 EURUSD: Sell 1.07 SL 15 TP 35 USDCHF: Look for reaction at 0.89, Buy 0.8905 SL 20 TP...
Feb 13th DXY: Look for breakout, trade lower down to 103.65 NZDUSD: Sell 0.6080 SL 20 TP 40 AUDUSD: Buy 0.6550 SL 20 TP 60 USDJPY: Buy 149.75 SL 30 TP 60 GBPUSD: Buy 1.2660 SL 30 TP 110 (hesitation at 1.2725) EURUSD: Sell 1.0710 SL 25 TP 45 USDCHF: Buy 0.8860 SL 20 TP 65 USDCAD: Sell 1.3425 SL 20 TP 60 Gold: Break above 2029, could trade to 2035,...
Feb 8th DXY: Consolidating, break below 104, could test 103.75 to 103.55 area NZDUSD: Buy 0.6125 SL 20 TP 50 AUDUSD: Test and reject of trendline, Sell 0.6555 SL 20 TP 85 USDJPY: Buy 148.90 SL 30 TP 70 GBPUSD: Possible Straddle, Buy 1.2665 SL 30 TP 100 or Sell 1.26 SL 25 TP 80 EURUSD: Sell 1.0770 SL 25 TP 45 USDCHF: Sell 0.8710 SL 20 TP 60 USDCAD:...
Feb 7th DXY: Break below 104, could test 103.75 to 103.55 area NZDUSD: Buy 0.6125 SL 20 TP 50 AUDUSD: Buy 0.6545 SL 20 TP 60 (possible hesitation at 0.6580) USDJPY: Sell 147.55 SL 30 TP 130 (hesitation at 147.00) GBPUSD: Buy 1.2625 SL 25 TP 50 EURUSD: Wait for reaction at 1.08 round number level. USDCHF: Sell 0.8686 SL 20 TP 40 USDCAD: Buy 1.3495 SL...