Michaeljacque

Michaeljacque

The Euro's Bullish Momentum is still Intact for now but with fresh now 3 Year Highs The demand may be losing steam if the 1.2513 restiance is Rejected again. But for now and the Very short term Bulls Have Control of the market

Michaeljacque

The recent Us rate increase drove The us dollar From the 61% retracement (96.44) to its current price (97.89). My personal exceptions is a test of the 38% (99.22) retracement of May 3rd 2016's 91.92 to January 3rd 2017's 103.79 high. my exception is reinforced by what looks to be a Bullish flag pattern, along with the fed's Promise to raise rates again for the year.

Michaeljacque

The recent Us rate increase drove The us dollar From the 61% retracement (96.44) to its current price (97.89). My personal expections is a test of the 38% (99.22) retracement of May 3rd 2016's 91.92 to janurary 3rd 2017's 103.79 high. my expection is reinforced by what looks to be a Bullish flag pattern, along with the fed's Promise to raise rates again for the year.

Michaeljacque

Twice the single currency has been rejected at the 1.12987 levels, forming a shooting star (bearish) formation. which sets up a possible test at the 1.112 range which is the 38% retracement from the may 3rd 2016 highs (1.160) to the January 3rd 2017 lows (1.034). This could open a possibility to test the 50% range at 1.097 range.

Michaeljacque

Some Resistance up ahead

Michaeljacque

The Euro's Weakness Lately has the EUR/CHF trending down towards a 61% retracement Is this a Buy Level or a selling opportunity. with The recent Euro weakness a sell is possible.

Michaeljacque

Friday"s Possible fake Breakout May lay the Ground Work for A resumed Bullish trend

Michaeljacque

Confirmed Bearish triangle

Michaeljacque

The Usd has rallied the end of Last week but the Usdjpy has remained in a tight range because of improving economic growth, as well as rising input costs helped stave off more easing measures from japan. It's failed to remain above 120.435. Forming a possible Bearish wedge. Risk at th

Michaeljacque

Bears have regain control of the Cable. Looking to make new Lows again

Michaeljacque

Buyers Aren't as Sold on the Pound as yet. Before Any major Bullish gains can continue the Rising wedge seen on the Hourly and the retracement levels stands in the way of bullish movements.In the bigger picture, price actions from 1.3503 (2009 low) are treated as consolidations to long term down trend from 2.1161 and should have completed at 1.7190. Fall from...

Michaeljacque

Buyers Aren't as Sold on the Pound as yet. Before Any major Bullish gains can continue the Rising wedge seen on the Hourly and the retracement levels stands in the way of bullish movements.In the bigger picture, price actions from 1.3503 (2009 low) are treated as consolidations to long term down trend from 2.1161 and should have completed at 1.7190. Fall from...

Michaeljacque

1.25444 Has been a resistance in the past consolidation can it now act as a support for The USD/CAD as crude Oil Looks to be Unable to rebound above the $50 a barrel as crude oil Inventories could be full as soon as june.

Michaeljacque

Short here as the trend should resume

Michaeljacque

The week shoulf start off with NFP profit takers bringing the Pair down. From there i'll look to buy more into the dips.

Michaeljacque

Waitihng on a bearish signal to enter

Michaeljacque

The Usdchf's retracement should be at a end. We're still viewing current rebound as a correction. And we'd expect strong resistance below 0.9553 to limit upside and bring near term reversal. Below 0.9174 minor support will turn bias back to the downside. However, sustained break above 0.9553 would possibly pave the way back to 1.0239 resistance.

Michaeljacque

We Have a Rising Wedge in a Downtrend which Usually Signals a Bearish countuation. In this case am looking to sell at the 61.8% (0.76184). This is a safe area as it is The old Support from the Pair's Old range.