MWellerFX

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Markets Allocation
100 % forex
Top Mentioned Symbols
NZDUSD 50% | 1 EURJPY 50% | 1
MWellerFX MWellerFX NZDUSD, 60, Short ,
NZDUSD: NZD/USD Descending Triangle Break Imminent
423 0 0
NZDUSD, 60 Short
NZD/USD Descending Triangle Break Imminent

Clear descending triangle on the NZD/USD - I'm favoring a break of support at .8150 for a quick run down to .8100 tomorrow. If rates breakout higher, first resistance is at .8200

MWellerFX MWellerFX EURJPY, D, Short ,
EURJPY: EUR/JPY on Verge of 3-Month Trend Line Break
267 3 1
EURJPY, D Short
EUR/JPY on Verge of 3-Month Trend Line Break

The EUR/JPY is testing 3-month bullish trend line support after putting in a lower high last week. If rates can break through this level, it would expose support at 99.50 or 98.00. Risk appetite is clearly bearish, with U.S. stocks at 1-month lows, which could also pull down EUR/JPY and lead to a conclusive trend line break.

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