I thought kiwis were green. You may see green on this chart, but DO NOT be mistaken! With the RBNZ rate decision tonight @9pm EST (2/22/22) The Bank of New Zealand is expected to raise rates by .25% from .75 to 1.00! Being that markets are expecting that, ibelieve the move has already been priced in! & others looking for arais 50 point basis
euro has been the weakest currency, all week, of the majors! bank of canada just hiked rates! thats just the spike we needed for the best price as the euro gains it's strength to close all of it's gap! the EURO is the only currency that has YET to close it's gaps ECB next week on Thursday March 10th from 7:45 est (rate decision ) 8:30 est (press conference)
Technical and Fundy Purposes: EurChf is on a weekly support at 1.03, RIGHT NOW, as RUSSIA invades Ukraine! HA! What a perfect excuse for a "news" candle to liquidate the previous low and BEGIN the real BULL RUN! There is a POSSIBLE (which means NOT guaranteed!) Weekly Harmonic DEEP CRAB back to 1.115. To Be Continued ...
On a weekly level, 125.5ish is a price that CHFJPY cannot seem to close ABOVE .... update soon
Right here, what we have is an OVERSTRETCHED, OVER VALUED GBP, with a RIDICUOUS UNDER VALUED YEN. This pair has hit a daily DOWNtrend line, from what i presume to be a double top. Hitting that trendline and rejecting it, only leads me to believe, Any kind of weakness from the UK, will only serve to perpetuate the downfall of the POUND! Watch as our Master, Mr...
Yen has been the weakest currency of them all. but not any more. EJ seems to not be able to close above 133.1 when it matters, as of lately. The daily trend line is also coming into play! Also fundamentally speaking the ecb is a long way from hiking rates. & most of this move is from the hawkish ecb press conference this month on Feb 4th. the next ECB...
.. inflation data will cause movement in ALL USD pairs today. im seeing a possible 1HR bat to the downside. waiting to see how it reacts on trend line as well.
quick scalp on the undervalued kiwi vs the dollar...... .67 up next
just a quick idea of the dollar selling off before fomc my opinion not financial advice the stop is really 1.126... forgot to edit that part
6hr Chart (top left) : forming it's own head and shoulders . It's on the right shoulder possibly & the neckline is my first tp. There's also a Harmonic Cypher to go along with it! Targets: 90.4 ,89.5 , 88.1 , 87.5 (around 300 pips) Daily Chart (top right) : A Harmonic Deep Crab & Butterfly has formed! Price is currently around the level of what i ASSUME.. yes, I...
possible head and shoulders pattern on this pair and there's also a 6hr harmonic cypher.. cad had a strong jobs, which could've given us our possible RIGHT shoulder .. IT'S AN OBSERVATION ! NOT FINANCIAL ADVICE!