from the beginning of the year to now....if this resumes then panic decline into august before a big rally
The last several July’s have been important for USDOLLAR. An important top registered in July 2013. In 2014 (low was June 30th and rally began on 7/2), an important low formed. The index is not at a trend extreme but it is at an important technical level; the 61.8% retracement of the June decline and slope resistance. The stage is set for another attempt on...
usdollar responds to resistance / vertical line is 1 year ago today
usdjpy--if you can count it---it might be done
with 2 days left in the month, be aware of a possible monthly doji or key reversal at a 20 year line (line extends off of the 1995 and 2005 lows)
divergence and several attempts at a trendline break...
short term resistance break...working with short term slope and just popped above that median line
risk of gaps around median lines...interesting to note this as we approach weekend / sentiment still bearish / UPSIDE gap would cause a lot of pain...still looking towards 1.18+.....we've been and still are long with clients at sbtradedesk.com
breakdown here-resistance 11829 and next decision area is probably near 11725
if a more important top is forming then 124.60s or so should influence as resistance
1.18+ isn’t out of the question over the next several weeks.
GBPUSD topped at 1.5440 today (6/4). A push above would go a long way in suggesting that the low (1.5169) has staying power.
2 lows near .7600 indicates potential for a short term double bottom and continuation of a broader range trade.
Recent congestion is now possible resistance from .7211 to .7270. A push above .7270 would pique interest in a more important bottoming scenario.
Tops formed at this line in March and July 2013. Bigger tops formed following ‘blow-offs’ through the line.