As we see NZDJPY made its Tops till February first time and rejected by 3rd time from its point 83.000-83.300 band. Also NZD is getting weaker and Yen gets power from USD triggers parrity to go down. First it will test its fibbo %38.2 level 82.10 band in mid term. After its retracement our aim might befurther down to make it finish up its Mountain formation. We...
After USDJPY showed the retracement back to its resistance point around 112.35, market made a U turn for this pair. As we see it's continuing its downtrend with breaths as we know retracements. Here we got 2 options to watch. 1st one it might retrace till its fibbo level up there where resistance stays 112.85 area. And after its HH it will turn back to 112 band...
EURJPY trapped down into consolidation box for 2 days. EUR side got strenghtened enaugh to carry the chart to 132.00 line but Yen took some strength from USD's weakness. As we know US economy really slowed down to make EURUSD pass 1.1450 resistance. With this news USDJPY pair moved back to 111.90 fibbo line and affected all XXX/JPY pairs like Yen strenghtened....
As we saw AUD get its strength and Yen's weakened down enaugh made an opportunity on sell poses on AUDCAD. We got a small minor support around 0.9975 area. It might make a retracement till trend line which it tried to break but couldnt got the potential 3 times before that. After Retracement a bit because of support will give a good opportunity to go SHORT on...
AUD strenghtened well to get aim till 89 band and faced with resistance at 89.100. As we know Yen and Swiss Frank has low interests to make advantage against other main currencies except USD. Afeter BOJ we might see a bounce from minor Trend line at 88.500 and going up trough 90.100 band. Otherwise it will make its move back down to 87.900 band
XAU/USD might see 1244 line at fibbo 61.8 or can test 1250 monthly resistance. It broke first resistance at 1223.50 with news on 14.07 which showed US economy slowed down thats why USD dropped very hard. Adding to this DXY's drop and AUD's strengthening triggered XAU to move and break the resistance. It will show some recovery and if it holds up there our next...