Zone 1.57-58 is strong enough to give a price reversal, weekly candle helps as well, so we can try to build a long position next week.
Above 92.85-93 we will have a confirmation of the pattern which will lead dollar up to 94.50-95. Best way to play it is with EU,GU...Stay tuned!
Dax is inside the down-warding trend channel, and I see it reaching 11934 support soon, we need a clear break to head down to next serious support level at 11450.
Even though I dont like gold, the clear breakout of 1295 is still in place, so I see gold heading towards to 2017 highs.
I don't want to short that "market", but If i had to, I would place a stop at 5000, price has already corrected 10% from highs, so I wouldn' t be surprised to see gap up tomorrow!
After the massive rally I think its time to take some of the profits of the table, and even risk a short position, I expect price to move down at least $10...
Cable is still moving in the corrective up-warding channel, so we need to see clear break either to the upside or to the downside for further direction.
Euro has reached a top at 1.2070 so far, and as long as its below we can qualify it as midterm top, reversal candle is in place, BUT in order to see a more significant correction we must see a clear breakdown of 1.1665 level. If that happens the way is open to a correction to at least 1.1250. Stay tuned!
GJ is in consolidation phase, very short term as long as its below 143 it has a view of 140 in sight...
Last day we saw what we expected to see the last 3 months, one sign that a reversal is coming. Price spiked to above 1.19 level and retraced quickly. This is one major reversal signal. Expect price to go down to test the previous resistance, 1.1710.
I don't know if this time is the time for USD to start the correction upwards, but if it is prepare for massive move. After the long time correction, dropping like a rock for the last 2 months, there is lot of room to climb to 98 fast. That means 3-4 big figures for all the major crosses. So lets see how it will develop, first sign would be the break of 96.50
Stock is in huge upwards momentum. This drop touched the 38% fibo, so we can risk a buy long here.
We are seen a perfect wave 1, and now we are in the correction of wave 2, so tomorrow we are gonna probably see the 3rd wave if we are correct that will lead DXY to levels above 98
Dollar touched the 95.55 critical level and reversed, lets see if this new month will mark the reversal in "DXY that everyone has been expecting, still the trend is to the downside but we can allow a 100-150 pips rally at least, to see if the move has further to give. Stay tuned!
I see no serious resistance in eu, until 1.1450 level, this is a tech rally, I see nothing more strong in fundamentals, if europe is gonna be that good in therms of growth and inflation, imagine what will do the US...so its one way train for me, ECB is not gonna taper, its gonna extent the QE to 2018 to 40bio per month, if u see that as tapering, wait to hear what...
We are seen a correction of recent big move, next week we are going over 98.10, something that will trigger the accelerated move in USD crosses. Keep calm and stay long!
Must break 97.50 in order to move upwards, FOMC tomorrow is the big catalyst for either move.