chanel

chanel

Both the AUD and NZD were down during the session. The RBA minutes for July left the door open for an August rate cut and weighed on the AUD. The Q2 CPI due next week will be influential. On the technical side, we are looking at two consecutive sessions that rejected a key weekly level and 200 MA. There is room for a decent return. Although the recent bullish...

chanel

The euro has been relatively quiet due to the lack of data coming out of the euro zone. The pair seems to be consolidating with bears in control. US equity markets have shown decent gains after joining the "helicopter-money" rally in Europe. JP Morgan had stronger than expected earnings with Citi and Wells Fargo expected to report the same. US jobless claims...

chanel

After the Brexit, the pair has consolidated for awhile. The bears look to be back in control and looking to push prices lower after rejecting a short-term level at 1.1125. Bank reports show support at 1.0833 currently. Technicals: Rejection of short-term resistance Rejection of MA's

chanel

Technicals: Rejection of temporary horizontal level Rejection of bottom of bullish channel Rejection of bottom of 21 MA Fundamentals: ADP Employment Change is expected to miss forecast

chanel

Rejection of key weekly level of 80 and 9ema. Will sell with momo if bears take over after Brexit rally.

chanel

Rejection of the range with a pin bar and creation of a flag. Close is above 200MA. Long at break of pin bar.

chanel

The pair rejection 9400 and looks to be heading down. Pair is still under the 200 MA which means the bear momentum is still in place. Looking to capture profits at the bottom of the range.

chanel

A break and close above the .7500 would open the doors for higher prices. Nice inside bar + bullish combo at a key level. There is a cause for concern since the UK will be electing a nice prime minister May 7th. This may or may not cause volatile market conditions in GBP.

chanel

Today the pair created a large bearish pin rejecting a key level of resistance. There is some "air" below which allows price to correct after the recent bullish momentum. Looking to short at the break of the pin and target target the 1.01 area.

chanel

Countertrend trade - rejected a key resistance level at 91.80 multiple times to create a false breakout. Looking for a weak close and short term downtrend correction. Target 89.30 area but taking a half position at 90.08. S/L is currently at 1R (90.86).