I had this level 1.33500 highlighted last week and explained that I wanted to see some bullish moves off and around here as has previously shown a huge level. On friday after such huge downside for the US dollar you can see USDCAD still trying to make a move back up, ill be looking at any more drives into the major level for a good buy opportunity, then from there...
USDJPY I will be watching early this week for a possible short term move back to make new resistance of 106.700 area then possible shorts to 105.000. Things can change very quick, ill be waiting to see early in the week if their is a continuation to the downside or a move straight away back up, on the daily you can see price has made a very bearish candle on...
I made a post yesterday expecting USDCAD strength and wanted to clarify my view. My bias is long from highlighted region but I do expect price to make a drive down to at lest the highlighted blue level. We have seen two bullish moves from around the zone so far showing that price is slowing down and has the potential to push back up but this isn't going to happen...
Hey traders, like I've been looking for we can see that USDJPY has now broken this consolidation zone and major support of 106.750. This could potentially bring price back down to the next support at 106.000 where would be looking at potential longs.
Hey guys I've had marked for a while the 1.27000 level on GBPUSD. Price has now tried pushing past that twice, on the 4 hr and 1 hour time frames we can see a double top formed as well as some nice rejection signs. Ill be looking for price to make another little push up and then look at shorts if this US dollar strength continues.
Hey traders, I finally got the downside move I was looking for after been stuck moving side ways in the highlighted levels. Now from around the current highlighted level I'm expecting to see a bit of a pull back up to test 1.35000 as a new resistance.
Aussie dollar has been on a huge run for some time now, but has slowed down and possibly looking for a breather. This pair especially has run into a huge daily level of resistance as highlighted 76.500. Price starting to show some good signs but I don't think its going to fall just like that, a bit of consolidation and ill be looking at possible entries.
USDJPY has been stuck between the highlighted zones as marked, 107.300 resistance and 106.750 support. I do favour yen strength so if we see this it could be the catalyst to break the support at 106.750. Ill be looking at shorts from the 107.300 resistance if it holds strong.
123.000 is a major level for this pair so will be waiting to see some more rejection to look at taking possible shorts. We may see a bit of consolidation around these levels before making a pull back.
Audusd is now at a very interesting level 0.70000 for possible shorts, USD is still looking very weak giving AUDUSD its momentum to still push up, however I'm expecting a weaker Aussie dollar to back my gbpaud trade and DXY is coming into a support which may provide a boost for US dollar, which will push AUDUSD back down. Be patient and don't rush to many trades,...
US dollar is still looking very weak, I do see USDCAD making its way back down to 1.35000 and possibly lower.
Its a matter of time before gold breaks the resistance and makes new highs, if gold happens to make another push back down 1795 will be my buy area.
Last weeks post was spot on, price has slowed down around this level at 1.79400 and showed nice signs of rejection on multiple timeframes. it is still Monday so I missed the bottom entry but has pushed off into my original bias, ill await a pull back for buying opportunity or for a retest if we get a break of the highlighted resistance. Good signs that this is...
US dollar index coming into a major level of support around 95.70 this is vital for direction on a few currency pairs I'm looking at, I think we may see a slow down in price as the US dollar has been falling for a number of weeks now. We may see a small pull back from this highlighted level for possible further move back to the downside, either way I will be...
I posted last week that I wanted to see a pull back short from the highlighted level. We have now got that showing that its running out of steam. Price has been moving sideways slowly making its way up, overall I want to see a weaker AUD to also back my other trades. Ill be looking at entries around the highlighted area with stops quickly moved to break even,...
Follow up from yesterday looking for bullish moves off 106.750, last few hours we have seen exactly that but I can see price has been making higher lows on a bit of down Trend, price could make its was back to 106.750 and break or break the last lower high to start another bullish move back to next resistance at 107.700. I missed my entry from the low but will be...
Highlighted areas have been well respected from price action, trade what you see but look for longs off the support back up to previous resistance.
We have AUD unemployment today so will be monitoring this level to see if the news can shape its next move, don't look at placing ant trades until after the data as no one can predict whats going to happen. AUDUSD is running into a resistance so will be interesting to see if we can get some poor data to help weaken the AUD this would line up well for both trades...