High risk:reward opportunity to try and pick a top to this epic rally
Euro making higher highs and lows after possible double bottom at 1.12. 1.137 is the breakout level
Silver may have put in a short term top with at 15.2 downside target
Aussie just printed a higher high to confirm uptrend - waiting for pullback for better R:R on move up to 0.74
Daily chart uptrend with higher lows, higher highs -- on verge of a lower low- but would need a lower high and one more lower low after that to confirm downtrend Weekly chart showing first sign of bullishness with a higher high
We got the daily and weekly close below 1.15- another jump could end at the 1.155 high before dropping to 1.13
For the purposes of taking a broader view of movements in forex markets... Chart: 1-year performance of JPY, THB, MYR, CNY, IDR, INR vs the USD (inverted) Since October, there has been a marked improvement in the performance of Asian currencies. The change means Asian currencies have paired losses over the last 12 months, with the yen and Tai bot entering the...
Nextflix shares have just run into key pivot at 335 - failure here could mean another drop to 270 then 205 Subscriber growth in Q4 earnings impacted by growing competition ?
Bonds have rebounded of key support, looking for higher low to confirm the reversal near 2.64
Next leg lower in crypto seems likely - XRP look like one of the weakest examples
Another daily close below 1.15 could open up big losses Dollar index (DXY) just hit big support at 95 - and is inversely correlated with EURUSD
There is potential resistance at 2600, 2630 and the broken LT rising trendline where the multiple-day rally could end
Waiting for a bounce back to broken support for before more declines to 6.69
The overall trend is still lower - with a break above 7000 - 7150-200 could be the next zone of resistance to see selling back towards the lows
Look for break below IB at 125 for possible drop back towards 121
Big reversal on USDJPY from flash crash - but trend is down. Looking for a drop from 110 towards 107
Japanese stocks are still overall in a downtrend - the recent rebound could end at 20800-21000 (the former peak)
USDCAD may get some dip buying (perhaps after NFP?) before dropping further