USDCAD is dancing around nicely now on the 0.5 fib from the Sep-Oct up move. A reversal here would follow the pattern of the 0.5 reversal from the down move in May-Sep. This presents a nice long opportunity up to the May-Dec high line at 1.28.
The Catalan election threw strong support behind independence candidates, causing the euro to break below ascending pennant formation. Along with the rejection at the Sept-Nov high line and the US spending bill's passage today, the euro is a good short.
Wait for a pullback to the 1.1850/70 area and enter short to take profit along the Apr-Dec low line at 1.1785...
Bullish candle formation and tax cut passage favors continuation of the uptrend, however the doji on the daily could indicate a potential reversal.
For Longs: look for break above November high. Take profit along the January-November line at 114 (+50p) or in the event of continuation at the multi-month high of 114.40 (+90p).
For Shorts: wait for second rejection...
Ascending bullish candle formation currently favors the upside, but tax cut passage along the November high line could dramatically reverse course.
For Longs: look for break above 1.1850. Take profit on the September-November high line at 1.19 (+50p)
For Shorts: look for a move below the ascending line and a break below 1.1840. Target the April-September low...
Large bullish candles through the 4h 200ma along with Passage of the Tax Cut and Jobs Act favor the upside, however be aware of Treasury Yields and North Korea tensions as potential downers.
For Longs: look for break of triangle and a retest bounce at 113. Take profit on the November high line at 113.50 (+50p)
For Shorts: look for a second rejection at 113 and...
USD/JPY price action is in a tug-of-war along the top edge of the Dec-July High Channel.
Firm rejection from 113.45 in Shooting Star formation on the daily favors shorts.
If price stays below channel and breaks Sept Low Trend - go short to 110.25.
However, if price breaks above channel and rides Sept low Trend support - go long for 114.30.
Good luck and godspeed
Diverging monetary policy and Brexit concerns could still move EG either way
Price currently near strong Daily (200ma) and Weekly (50ma) support favor longs
but Bearish Weekly candles slightly favor shorts
To go long - look for break of 0.8785
For short - wait for drop below 0.8745
Goodluck and godspeed
Based on geopolitical tensions, UJ is in a chaotic Supply/Demand zone.
Any move outside of this area could send it on a long ride either way.
Slightly Bullish favor due to large Weekly candle
For Longs - look to ride 112.75
For Shorts - wait to break 111.60
Goodluck and Godspeed