There is a clear cross pair confirmation with USDCAD expected long position for the upcoming week and the USDJPY pair to be facing a potential retracement for a downward trend.
Then the pair is approaching my daily trendline where the 0.382 fib level is perfectly matched with the s&r line.
Then there is a lot of consolidation going on near that area based on past...
The pair broke its 3 month upward turn around the 1.3665 area and followed a steep fall until last Friday.
It has been oversold for more than 600 pips and it found support around the weekly trendline and s&r are of 1.3080 -1.31.
We can wait for the pair to retest again the 1.3080 area and it could be a clear BUY position.
The pair is trading near the 0.50 fib after it reversed from a huge downturn at the beginning of Jan.
Also is the upward trend is pressured by the 800 Daily EMA and the 200 4hr EMA laying around the same area as the 0.50 fib.
There is a huge possibility for retracement and continuation of the downward trend to low area such us the FX street line of 108.50 and...
The pair has been overbought for the past month, there is an M formation on the daily & 4hr timeframe,
a break below the 0.6870 area could open the doors for 0.68,
a bounce on the 0.6870 could mean a further upward trend for the pair which is outweighed by the major resistance around 0.6920.
News on Wednesday may boost the pair to retest the 0.6920 pair. Our...
Kiwi skyrocket after the DXY downfall reaching the 0.73 resistance level.
Now is currently forming the second leg of an M Formation at the 4hr timeframe near the 800 EMA.
Next week could be a nice sell position for the pair as it has been rejecting the 0.72-0.73 area lately.
We can wait for further confirmation and the news for AUD next Tuesday on retail sales!
The cable has been on the downward trend since the 17th April 18, it eventually reversed the past two months from yearly lows of 1.2382 because of good expectations for Brexit.
Is currently trading above the daily 200 EMA at 1.3070
Big movement for the pair we could expect it on Thursday when the BOE Inflation report and monetary policy will be released.
The pairs downward trend was interrupted by the downfall of the DXY last week,
the market reversal faced significant resistance around the 0.50 fib level at 14.73.
It looks that the pair will try to break the 200 EMA are around 14.10,
if it succeeds then the door will open for the s&r area of 1.1320
The pairs current significant movements are news oriented so there is a bit of uncertainty !
But, the Dollar index have been oversold last week after the FOMC Conference reaching lows near 95.20 where it faced significant support and reversed to the 95.61 area.
The expectations for next week could be the 96.00 level if it breaks through the 800 EMA and the 0.382...
1. Reached historical resistance at 125.00
2. Reached 4hr trendline
3. EURUSD is expected to weaken in the upcoming days as it reached critical resistance at 1.15
4. USDJPY reached monthly and is moving downward to retest the 108.00 level
- The pair followed the flash crash of USDJPY after the Japan 2 day Bank Holiday and the Apple profit warnings report, followed by un upward trend
- Gold epectations for higher price and the oversold that happen last week may drive the pair to highs as 0.7250-73.00 where the 800 ema is currently.
- Also the 31& 50 emas are expected to cross
- The pair may face...
Baker Hughes BHGE, +5.02% on Friday reported that the number of active U.S. rigs drilling for oil fell by 8 to 877 this week.
-Decreasing oil supply due to Baker Hughes skyrocket Oil prices last week from $43 - $48
- WTICO reached monthly support line and is aiming yearly highs of $54
1.Its looks to be trapped within the 96-97 range, supported by the 200 & 800 EMAS.
2.Through the upcoming week it could rise to retest the daily trendline at 96.70
3. The upward trend it is based on the upward triangle formed at the 15’’ timeframe.