skintheherd

skintheherd

Pattern forming for either a thrust higher or a breakdown that would support Yen pairs and equities. However if continued thrust higher then it makes sense that equities remain pressured along with Yen pairs. USDJPY, AUDJPY will be ideal for long on Yen weakness. AUDJPY, EURJPY, GBPJPY, CADJPY, NZDJPY would be ideal to short for Yen strength.

skintheherd

Breakdown. Watch 124.50 area levels for retest of the pattern and resumption of breakdown.

skintheherd

Low volatility movement for USDJPY for weeks. Explosive move to either side up or down.

skintheherd

EURO has hit its minimum target for the ending diagonal on the daily chart. Next week can start to watch for potential shorts in EURO in general. Strong pairs like EURAUD, EURCAD and EURNZD would provide indicator for weakness in EURO in general. EURGBP at 8940-9050 should either breakout or breakdown from there. EURUSD is a tough trade honestly and any EURJPY...

skintheherd

A lot of pairs have strengthened against CAD for past few weeks but I believe CAD strength will comeback. CAD bottoming process is near complete thanks to 2 weekly bullish bars.

skintheherd

Yen has broke out from is downward trend past few weeks ago and now is hitting immediate resistances in the following days. The pullback to retest the ending diagonal breakout should provide ample opportunities to short Yen until hitting support of the breakout area and from there going long Yen to ride the new trend created. I wouldn't recommend shorting Yen...

skintheherd

Seems there is one last trick for general Euro strength until it breakdown. Ending diagonal structure still in place.

skintheherd

It has met its first target already. Expecting some pullback or consolidation to happen first. From there we can see if Yen would have strength for another run.

skintheherd

Yen created a false breakout to the upside and has been rejected this week. With AUDJPY creating new highs above Dec2016. Major Yen pairs now will be supported until sentiment changes. For now I am bullish Yen pairs with aim to challenge Dec2016 highs for Yen majors. Buying on dips is preferred strategy. Long Yen majors. Short Yen on daily.

skintheherd Updated 

Yen will likely be breaking out or breaking down early this month. The break upside from the purple line resistance will pave wave for Yen strength. Failure to do so means weakness and retest the blue line support.

skintheherd

Seems USD is now nearing support. Another bearish move is possible but it should be nearing support now so tough times to short. A bullish move is on the horizon,

skintheherd

All this pair has to do is remain below 1.4220 and below 1.4150 maintains a very bearish tone. However this can be a counter trend trade if it breaks above 1.4220 and can hit some more bears who shorted a bit too late. A seeming resurgence as well for GBPAUD and GBPNZD makes EURAUD bullish shift a possibility.

skintheherd

Euro seem to have more room to operate as long as the higher lows remain protected. Target to profit taking is near 1.08

skintheherd

USDJPY is trying to breakout from the recent downtrend and must do so in next few days watching 112.50 low. It has only a small room to breakout but as long as other Yen pairs remain bullish then USDJPY will be supported. Should target new highs then the recent peak.

skintheherd

Watching now on NZDJPY whether the trend resumes after this triangle break either to upside or downside. Looking at Yen however is difficult to be bearish unless Kiwi falls apart and pullsback. Other Yen pairs are rallying so this pair is nearing conclusion on its sideways movement.

skintheherd

NZD is a currency that I do not want to long right now. It is now approaching its strength resistance from 2013. There is a small room for strength. I would prefer Australian Dollar though. So in case we want to be bullish Euro, Pound, or US Dollar, the Kiwi can be the currency to short with. NZD can still appreciate further towards the red bar before any...

skintheherd

The flash crash points a very important series of higher highs and lower highs for British Pound. The GBP is now nearing support where a rally continuation can be seen at least into the .236 or .382 zone. While shorting GBP has been rewarding, it is likely to be bound for a rally. March will be a sticking point for GBP but for now we do away with politics and...

skintheherd

Euro is starting January with a selective middle ground. Great against weaker currencies like USD and GBP and weak against stronger ones like AUD, CAD, NZD. Euro is practically nowhere with Yen. Great for range trades but sticking with EURUSD EURGBP as longs and shorting Euro with AUD/CAD/NZD.