mattytb84

mattytb84

The DXY has come into a key area of resistance following the rally last week for which i remain dubious about. However i would expect this to be capped by the Weekly 55EMA which currently comes in around 96 before this continues moving lower towards 88. Any thoughts or ideas are appreciated GL

mattytb84

Double bottom at the 61.8, divergent and a nice tweezer bottom on the hourly. USDJPY reached 114.3 and bounced off, I was seeking 114.5 but this all suggests we could be turning here. Time for a gap hunt?

mattytb84

This week has been brutal for the GBP, a far greater decline that i was anticipating. However we should now of found some support with the GBP futures coming back to tag the weekly 55EMA Good luck all

mattytb84

Are we on the verge of some serious Yen strength? I'm of the opinion that we have topped or are incredibly close to a top in Equities and many of the Yen pairs have reached key levels that i have been keeping an eye on and slowly building a long Yen position in. I was anticipating the YEN Futures dropping a little lower but this potential tweezer bottom on the...

mattytb84

CAD futures has approached key area, 38.2% Fib, 200EMA on the Weekly and parallel trendline resistance. Anticipating a pause in CAD strength in particular against the GBP and the USD Appreciate any thoughts or ideas Good luck all

mattytb84 Updated 

With what feels like constant negativity surrounding the UK and the GBP in general, it's easy to get caught up in the doom and gloom, so i like to refer back to the 6B from time to time which imo screams a buy the dip mentality in the GBP. Last months retest of the trend line and subsequent hammer reversal only enhances this sentiment and i think alot of the GBP...

mattytb84 Updated 

The trendline on the 6D CAD futures chart suggests the Canadian Dollar is due a correction in its recent rally. My personal favourites being the USD/CAD, CAD/JPY and GBPCAD Any thoughts and/or ideas are appreciated

mattytb84

Neckline of inverse H&S has just been broken on this pair, pattern targets 8.53, awaiting retest.

mattytb84 Updated 

I am anticipating one last push higher in the NZDUSD targeting a retest of the channel trend line and 78.6 fib around 0.73500 culminating in Divergence on the Daily RSI and what feels like a long awaited move lower Any thoughts or Ideas are appreciated

mattytb84

Man some of these Yen pairs just do not want to drop. I'm keeping my eye on these two potential H&S patterns one minor and one major. I don't think we are too far away from some significant Yen strength and am anticipating a closure of the gaps on both this and the EUR/JPY pairs Any thoughts or ideas are appreciated

mattytb84

No comments needed

mattytb84 Updated 

This looks like an absolute long term gift in the GBP/AUD to me. As shown in the chart we are currently sitting on decent parallel trendline support that has proven significant on multiple occasions. I am overall bullish the pound against pretty much everything and am amazed at the lack of follow through after Thursday when we saw MPC voters seeking a rate hike...

mattytb84

The Pound pulled back to key areas in alot of pairs last night and am there for viewing this as an opportunity to go long again versus several currencies, in particular this one and the USD. GBP/NZD has come back to retest previous channel, 61.8 fib and horizontal support. May looks like she will strike a deal with DUP and following last night a soft brexit...

mattytb84

The Emerging Market ETF has just tagged a huge area of confluence this week shown on the monthly chart. This should be of interest to anyone trading US Equities or the EM pairs such as USD/MXN. Its worth noting that on the three previous occasions this long term trendline was touched a correction occurred in US Equities as highlighted on the chart, once minor and...

mattytb84 Updated 

With a lot of the Yen pairs looking over extended here its worth noting the Japanese futures is approaching a key support area for a potential bounce

mattytb84

I referenced this the other week that we were at a big support level in the Dollar, but we have since broken and retested underside of the longer term trend line parallel suggesting lower levels are ahead.

mattytb84 Updated 

Following the minor inverse H&S we had last week, we appear to have a potential bigger pattern that could be unfolding if we can just break that neckline. Although not the cleanest, the patterns target completes at a former support level at the 20.10 area Any thoughts or ideas are appreicated

mattytb84 Updated 

Like the majority of CAD pairs CAD/MXN has posted a weekly reversal candle at key support area. I am particularly interesting in this pair as i've been awaiting a larger correction in the USD/MXN, however as it stands it is the CAD/MXN that looks cleaner imo. Any thoughts or ideas are appreciated