ECB is an upset now but Can't omit the fact that FED rate cut is due. Only fact stretching for next few weeks. Even though FED might delay rate cut is obvious. Looking only bullish setups omitting any short setups. Any break above 1.133xx area may unlock decisive resistive shorts 1.15xx
People got attracted by Trump increasing rates jumped in USD longs few months back. Same people if a rate cut is coming will they keep their jumped in USD or discard and further attractive shorts come in ? More shorts to come it seems new few weeks..
+Remarks +Bearish Engulfing +Range +Completed BAT pattern. Already shorted higher on SL locked in Seeking Lower Targets.
Remarks:- +Downtrend needs correction +Shark+ Bat completion +BOC catalyst?
+Remarks +Completed Crab +Morning Star +what BOC has to offer? I already longed lower lets see seeking higher targets with SL locked in!!
Trump approved sanctions on Iran. Post approval USDCHF chart showed quite important significance on Dollar vs CHF. However there is a bullish neediness towards breaking of resistance but near by remains resistive at large may be due risk off sentiment markets driving CHF JPY added pressures on USD counterparts (not UJ) . FED expects to cut rates soon RBA...
Remarks: No idea with fundamentals of AUD with regards to NZD near term. In Monthly chart I spotted an interesting range break down setup in AUDNZD. It seemes at current level to bit lower a move towards 1.07xx area will unlock further lows to create a new low near future soon. Seemes NZD will get a boost with regard to AUD. We have 2 setups forming a small...
Remarks:- Dollar bidded G20 Trump on his terms? Support yet not broken. ! High resistance is testable soon!!
Remarks:- Dollar bidded G20 Trump on his terms? More shorts joining may be
Remarks: ECB is an upset now Left shoulder, Head completed, Broken Support and awaits retest may be as Right shoulder. Some ideas for thought Unfinished business?
Remarks: Not much harsh news from UK. NZD seems weak across the board AUDNZD flows added longs GBPNZD.
Outlook: See the chart Remarks: Last week we saw JPY being bought driven risk aversed It seems there is some unfinished shorts towards 108.50 area before correction up. Shorts should work . Good Luck.
Short probably this week. Remarks:- Risk aversed JPY bought continuous? What BOC has to offer? CHFJPY EURJPY flows added into CADJPY?
Remarks: +Flows of CHFJPY shorts should be added EURJPY. +unfinished JPY risk aversed +Technically Price seems completed a pausing flag awits shorts to be added. Shorts may work .
Outlook: See the chart Remarks: Short should work towards 0.6514 However it is indecisive whether support holds or not atm. Any chance bounce back from support to 0.6562 seen to be more added short towards swing low 0.6425
Remarks:- Trump- China eases bit risk on? Dollar bidded G20 Trump on his terms? Post Iran sanctions approval USD bidded! FED dovishness not completely out of the picture Some ideas for thought? Need higher base resistance ?? ??
Remarks:- Dollar bidded G20 Trump on his terms? Post Iran sanctions approval USD bidded! Morning Star Untested Weekly Resistance. Looking for higher Targets.!!