Things get ugly here but it might be even worst if we are going to have weekly close below 2550/00 on Futures market. The thing we have to be aware of is possible big bounce into year end as short covering/Santa Claus rally.... Check the chart
Things may get interesting if we can hold Friday low at the US close and during Tokio session...
EURUSD 1,1422/33 intraday key lvl in my opinion ( close above might be bullish ) , possible intrtaday demand around 1360/50 End of the month flow will dominates today ( if US comapnies want to transfer dollar in October casue of TAX reform they have to buy it today t+2 on spot )
Current risk off envirnoment spured sell off on that pair. Last week close below 112 added to bearish view ( notice: TL break, retest, rejection ) Attempt to rally above 112,50/80 might be the selling opportunity. 110,00/20 as first possible target, around 108 next and 105/104. Weekly close above rising TL will put the idea on hold and weekly close above 116...
Look for stop hunt towards pre market low with strong rejection... otherwise abyss ahead. If seller I would wait for at least retest of day open
Intraday 97 here we go again... Looking for a failure here in between 96,80 and 97 ( please check lower TF for confirmation ). Rejection here during NY session may bring profit taking ahead of the weekend. Weekly close above will open 100.
Based on the description on the chart
Failure above trendline, weak close yesterday. Close below 145 and bulls might be in BIG trouble
One more time and ... ? Bull need to take and close above 96,10 to open the door towards 97. Failure here and we may see 94. ECB on Thursday. Watching
Current 1470/50 as line in the sand and we are testing it again.
Looking for stop hunting above yesterday and Friday high with rejection, if seen that's going to be my selling opportunity with target around 1560/40. GL
Market found stops above yesterday high + we do have broken trendline and it'w where I'm looking to sell cable today ( around 93/97 )... Risk events: UK job market today, UK CPI tomorrow and Retail Sales Thursday + Brexit saga
GBPUSD gapped down at the open based on the negative news related to Brexit. For now bulls are trying to close that gap and if I see intraday rejection around 1,3150/60 or a bit higher towards 1,32 I will try to fade that rallies and look for 1,3050/3000 as target
Hi, this time a little bit different approach. Please check two channels visible on the chart and what has happend after the false breakout ( within the first one )... Trying tiny ( tiny as dollar is under pressure ) short in between 1530/40 with stop as two consecutive hourly close above 1565
We are testing very important intraday zone 1,1465/60 and if holds we may stay within the consolidation. Upside break may bring 1,1620/30, downside break may bring 1,1400/1370
The price action right after EIA ( ramp higher after initial dip ) might be stop hunting only. RR is on my side ( tight stop above the zone + ready to short it again if market will look for more stops and reverse a bit higher ). Target 73,70 and 72,70
DXY - trapped on daily between 95,70/96,00 ( stops yesterday ? ) and yesterday open + weekly open, so towards 95,30/95,00. Daily close above yesterday high may expose 96,30/35 and 96,80/97,00. Fall below weekly open may expose 94,00. Based on what we see for now and ahead of NFP I would look for more intraday stop hunting.
Med/Long still does not look good and as long as we are below 1240/50 we may see 1100/1000. BUT... short term PA suggest that we may see another attempt to test 1210/12 and if we see close above it may open the way towards 1240/50.