Watching AUDUSD closely here as it bangs against major resistance at 7755 level.
With this week's large bull candle the AUD dropped a trendline dating back to Jan 2016.
The other times this trendline was dropped was May of 2016 and May of 2017. If this cycle continues we could be
due for a push higher.
I'll be watching LTF in the asian session for a chance...
This is a messy chart but when there his confluence, there is confluence. This one is rather unique in that Cable tends to make peaks in June. Here on weekly chart you can see highs made in June 2014, June 2015, and June 2016. Pulling Fibs off these highs gives a confluence of resistance around 1.3918 area. There are also other resistance levels nearby...
OIS currently suggest 87% chance of CAD hike next week. I am looking for an opportunity to get short prior to the decision with tight stops. Looking for opportunity on the 1HR chart here in identified zone. Will move to BE very quickly as near term momentum is slightly bullish.
All published ideas are for educational and informational purposes only. Note...
The YEN is currently the most bearish held position against an otherwise weak USD (Net Speculators currently 78.4% bearish). 14 period Standard Deviation of Open Interest suggests there is room for more short Yen positions to be added. Open Interest has been building within this significant monthly triangle (shown here on weekly chart) suggesting building steam...
FX_IDC:NZDCAD
COT data suggests NZD bearish and CAD bullish sentiment. A short NZDCAD entry zone is identified by the yellow box. Position will be split with half at 0.9 and remaining at 0.9090 area. Careful entry as near bottom of monthly channel - but sentiment is favorable. Take profits at 8750 and 8630.
All published ideas are for educational and...
