JonathanWong

JonathanWong

After the FOMC statement release yesterday, most major currency rallied against the USD as investors factored in an increased probability of a delayed rate hike by the Fed. Looking into the longer term, dollar/yen strength is expected to continue. Japan's inflation rate is projected at 0% with plunging oil prices amongst other factors affecting the efforts of...

JonathanWong

Disappointing chinese data and USD strength has resulted in AUDUSD breaking out of its consolidation around the 76 cents to 79 cents range in the past month. Support at 76 cents was not strong enough to form a triple bottom. Prices likely to head lower with expectations of a further rate cut by the RBA. The only solace for the AUDUSD came from a better than...

JonathanWong

Amid falling commodity prices, weakening AUD and predominantly USD strength (we have seen good data, NFP and unemployment among others), gold prices remain on a downtrend since the rise above 1300 earlier in the year. Gold prices should be open to further downside pressures along the downward channel on the weekly chart. However, it is important to note that we...

JonathanWong

reversal morning star on the hourly chart with hourly low at support level of 76 cents. Upside most probably capped at 78 cents with post NFP USD strength. Key downside risks from further rate cuts by RBA and change in outlook from FOMC committee.

JonathanWong

Rate cut and bad unemployment data were unsuccessful in driving the AUDUSD down and sustain below 0.76. Upside correction in play as double bottom around 0.76 area seems to be well supported. Looking to open short at more attractive levels. Long term outlook for AUDUSD is however still bearish.

JonathanWong

Looking for pullback on gold for an opportunity to go short. Areas to look out for 1261-1271

JonathanWong

Looking for possible short entry around 50% fib @ 1.262 after friday's profit taking rally broke through 1.25 level.

JonathanWong

Break above 50 EMA seems to come straight back down Potential areas for short trade targeting monthly low

JonathanWong

Close above 38.2% may mean a pullback 1 leg higher

JonathanWong

Shorting Gold. Technical resistance at fib 38.2%. Evening star reversal waiting to be validated. Target 1210 region

JonathanWong

potential reversal for the Euro. First target looking at 23.6% fib level ~1.29040

JonathanWong

The S&P 500 has retraced to the 76.4% level from the august 8 low to the august 19 high. Current levels suggest a support at the rising TL around 193x.xx level. Resumption of uptrend look possible. May be invalidated if prices closes below TL.

JonathanWong

38.2% and 50% fibo retracement area possible support for S&P500. Upward TL coincides with 50% fibo retracement.

JonathanWong

Possible pull back on the EURUSD D1. Awaiting confirmation for morning star reversal. Target sell at 23.6% fibo from July 01 high.

JonathanWong

Potential Long setup on USDJPY daily chart. Price near bottom of rising channel. Looking for a good entry point 101.7xx.

JonathanWong

Looking for potential downside entry on the SPX500. Potential Head and Shoulders pattern on D1 chart. Supported by evening star formation. First target of 1837 and second target 1818.