Simon1

Simon1

The USDOLLAR index has broken its upward channel and now seems free to go to the next resistance level of 11855. This couls spell a short term rise un EUR and GBP v USD.

Simon1

The USDOLLAR index has reached the bottom of the upward channel it has been maintaining for months. The last candle is indicating that the index is ready for an upswing, the stochastic indicator confirm this appreciation. It is time to watch related pairs like USDJPY, GBPUSD and EURUSD for good trades.

Simon1

The $SPX index is clearly still in the bullish trend holding in the last two weeks passing the 61.8 fibo level, a breakthrough over the critical 2000 level will be a mayor signal for the market in my opinion.

Simon1

Bullish cypher with double bottom on $USDJPY pair with a nice retracement on 31.8 fibonacci. A possible long to the 115 level.

Simon1 Updated 

A bullish head & shoulders appears to be forming within the rising channel of the $USDOLLAR.

Simon1

Technically the USDOLLAR seems to be in an upswing in the weekly chart. This could spell opportunity in correlated pairs like EURUSD or USDJPY. Plus lower commodity prices (USOIL)

Simon1

Technical setup is bearish on this pair, however the prospect for the USD is one of strengthening so I would recomend waiting for a couple of confirmation candles. I think the price will struggle at this level for a couple of days.

Simon1

USDCAD seem to be on a upward trend. If mini cycles continue, this would be a good chance to enter long as shown.

Simon1

After the squeeze that we saw the last couple of weeks, the pair seems to be bouncing from de 50EMA. Due to weak oil and commodities prices, I am trading this pair looking for situations to enter long.

Simon1

A triangle pointing at a squeeze on the chart for USDJPY. Possible breakout during this week. Not clear yet on direction (comments are welcomed)

Simon1

The bearish movement seems inevitable, just how much retractment will the price experience on monday is the question. This is why I'm placing the trade several pips below market, so it will open when the moomentum is clear. TP is just before the next support and SL just upwards of the resistance.