jgardere

jgardere

Price looks to be respecting ascending channel with a textbook ABCD pattern. If price creates a new high, this should be a 150+ pip trade. If price falls through, head & shoulders pattern may be in effect.

jgardere

CADJPY broke the descending channel and now seems to be changing trend. A nice reversal candle off of the 61.8 leaves me to believe that CADJPY is prime for a rally. Clean and simple technicals.

jgardere

Due to predicting NZD weakness, I see the bearish narrative continuing. Using bearish bias, price is currently settled on the 50 level on the Fibonacci after rallying last week. Price is also in a key level on the weekly chart. If NZDJPY still has bullish movements in it's immediate future, I see a sweet reversal at the 61.8 level which displays a stronger...

jgardere

As the CAD was beaten up all last week, I see the NZD taking its place and being the weaker currency overall against the rest of the majors. Price appears to have rejected the 0.904ish area three times which happens to be the 38.2 level of the fibonacci. Further confirmation is apparent with price also shows bearish rejection off of the 50 MA.

jgardere

Support on the weekly has been established in the 1.08 area. Furthermore, price seemed to have rejected the 50 level of the fibonacci last week, which is high percentage for a reversal. Lastly, there is an apparent ascending channel that may lead to bullish events of roughly 400+ pips to the upside.

jgardere

If USDCAD can break through two minor zones to the upside on the daily chart, I can see this pair reach the 1.31 level. This area shows as resistance to the descending channel that is formed on the weekly chart. If price is executed accordingly, USDCAD may surge up to roughly 650 - 700 pips.

jgardere

I see a potentially massive move to the downside since interest rate sentiment for the pound has continued to be dovish. I can see bearish ramifications due to weak fundamentals. Looking at technicals, the pair is headed to a major zone which may present a great entry off of the 61.8 fib level for a massive swing!

jgardere

Due to the Yen's weakness during NFP week, all base currencies were quite bullish. I believe the narrative will continue for the most part next week. Including, the CHFJPY. The 4hr chart shows a simple ABCD pattern forming and the ascending channel seems to be respected thus far. I am waiting for the pair to reject the 50 or 61.8 level for a buy opportunity for...

jgardere

Though it is still early, the USD doesn't quite seem prepared for a rally. The USDMXN pair seems to agree with rudimentary signs of a sweet bearish move. Price is currently at a strong resistance stronghold. The Weekly chart shows this critical zone very clearly. Additionally, the 50 MA is hovering right over price looking at the daily. Since entering the position...

jgardere

After looking at USDJPY and being convinced of bullish events coming up very soon, EURUSD seems prime for a pullback. After forming a clean Inverted Head & Shoulders, EURUSD has formed the double top chart pattern at around the 1.2050ish zone. Interestingly enough, after taking a look at the weekly chart, this pair appears to be sitting in a key area where this...

jgardere

Could USDJPY be headed to the upside? Technicals may be leaning bullish on USDJPY and here’s why: - Triple bottom formation currently forming (possible indicator of a reversal). - Using bullish bias on the daily chart, price is currently hovering on the 50 level of the Fibonacci indicator, which can be used as high indication for bullish swings. - Lastly,...