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sidnir Updated 

Entry range: 1.2440 - 1.2460 TP range: 1.2590 - 1.2620 USDCAD drop due to oil hike. A significant selling volume suggests bears may be losing momentum OR have cashed out enough shorts. A bullish USD may resume regaining lost territory on USDCAD. A support and resistance zone depicted on almost a month's range suggests a bounce or correction of USDCAD. In the...

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BTCUSD has been moving in a downward Elliot wave since its peak of 52800. We may be on the last reversal. However, ~44000 is a breakout/reversal zone. A break from the zone which also near the 61.8% Fibo level could suggest a climb towards the 50000 mark. On the other hand, as per the usual movement, BTC will continue the Elliot wave lower. First, testing the...

sidnir Updated 

The Yen has been moving in a somewhat flat band defined between (just above 78.6%) 109.50 and (just below 23.6%) 110.40. The pair has been avoiding closing below 109.10 If there are no major movers in this week, and there aren't except a significant drop in Japan Balance of Trade (IF that makes any impact at all), the USDJPY pair may continue to travel this band...

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The OANDA:GBPUSD has reached a support level around 1.3880. Which it has failed to break for over a month. The upper bollinger band on the 4h is set to be breached. So, a small uptick followed by reduction is expected. The price may try to reach the next retracement fibonacci level close to 1.3770. A set of bad data for GBP this morning including GDP data: Q...

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Next week marks a rate decision event for RBNZ. Currently at 0.25%, there is news in the air for an increase in the rate by 25bp, and possibly another hike before the end of this year. Currently NZDUSD has been flowing more or less in the indicated upward channel. It has fallen due to a strong USD this week and a reversal is in the making. Two highlight points...

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OANDA:USDCAD seems to be travelling in the narrowing band. This is a quick long opportunity in an otherwise downward trend. The price is expected to move up (at the time of writing its close to 1.2428). There is some subtle US fundamentals such as Michigan Inflation expectation today. Albeit there isn't a massive range here its a quick in and out. Entry:...

sidnir Updated 

FX:EURUSD has been following a narrow converging downward band. So far it is keeping within the range. Provided there is no major fundamental mover (other than the US data on Friday), its time for EURUSD to bounce from the upper limit of the band which is also around the 23.6% Fibo level from earlier. Stoch RSI has also peaked up above the overbought range on...

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FX:GBPUSD has dropped to the end of the Fibo setup from 1.4000. There is few fundamental factors this week for GBP, except for the retail sales data towards the end of the week. DXY is seen to be climbing further, however the push seems sentimental after a rocky last week. A strong support is seen in the shaded region, which may call for a reversal to 1.3860 or...

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Currently OANDA:USDJPY has been moving in between a set band. Dividing band into lower and upper regions shows further pivots in between the band. Here is a possible LONG setup with TP near mid band. Judging USD strength based on data today and tomorrow we can even be optimistic to reach the upper band limit. Adjust SL to entry (at lower band level) after...

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OANDA:EURUSD Possible reversal and uptrend. EURUSD may have entered a buy range after sell-offs towards trend lows from NOV-2020. Provided the USD fundamentals are stale this week, there maybe a possible uptrend till the 38% fibo level.

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NZDJPY will possibly drop down to 23.6 fibo level after the Kiwi corrected from the drop of last FOMC meeting. TP at 77.14, optimistically but can further dip if NZDUSD dips below 0.6930 support level.

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AUDUSD ending retracement and continuing uptrend between seen Fibo levels

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The CHF has been riding strong. Swiss vaccination program is underway and several restriction on retail industry have eased up. Weak US Retail Sales news incoming towards the end of the week. The USDCHF may find slight upward correction before resuming downward trend towards the next fibonacci level, reaching below 0.8950 level.