DXY H4 - Bit of a correction seen here on DXY H4 chart, might have a little more upside mileage before gearing up for yet another downside wave, if so, eyes on Cable to push new highs and bounce yet again from that 1.35 support region.
GBPUSD H4 - Popping up higher and breaking above correction highs, failed to set new lows means GBP pairs are seeing a bit of a SUSTAINED RECOVERY from Mondays selloff, not just a corrective pullback, if we retest and sit on 1.34 support, we could look to scout out longs up to 1.35. Back in trading range, and volatility has settled into this week.
NZDCAD H4 - Neckline broken with a minor retest, it 0,90800 is corrective exhaustion, anything above should indicate a potential bull reversal and we could see pressure on 0.91500, one step at a time though.
This one is tough to chart due to it being very extended. My best guess on this one would be a break above 71.51 to further extend its ATH. It rejects, use 69.90 as a support, breaks below that, we could see 67.04
GBPUSD H4 - As mentioned, looking for a bullish breakout soon, not entirely sure when because I'm not in charge of the Brexit negotiations unfortunately, but preparing for something like this, once we see the upside break and retest of support at 1.34, that's when I'd like to get involved. Another S/R range would be tedious, but all depends on how negotiations unfold!
Here is the hourly trendline FYI, hopefully we get another nice bullish H1 close.
GBPUSD H4 - The big bearish H4 candle we saw yesterday was off the back of the USD data. A big move and excuse for some USD correction, big relief rally needed, but unlikely a trend changer, I think we can expect continuations of DXY and dollar weakness going forward this week, cable is a good example of a break and retest to set new highs and continue the bullish...
DXY H4 - We gapped downside, have yet to filled and we are seeing downside pressure on one of our final support zones at 92.20, could see a subsequent break and retest of support on DXY and break and retest of resistance on EURUSD from long potential, analysis to follow!
GBPCHF D1 - This is an absolute textbook example of trading between the zones using price action, GBPCHF generally deemed as a slower moving pair (confirmation can be seen). The only issue is, the confirmation candle was very large which skews RR a little bit. Risk markets are still in play which is dangerous too, but confluences all stacked here and the...
DXY H4 - Resistance zone has now been turned to support after breaking and retesting. New highs required to maintain upside momentum. Trying to follow YEN and USD strength in line with market risk. For example, minor bounce on EJ (Yen relief) but soon to be reversing downside once again as EUR/LON market volume resumes.
NZDUSD H4 - DXY pushing marginally above 93.350 ish, need to keep an eye on DXY resistance to see if it breaks upside, if it does we can expect continuations of ***USD bears and USD*** bulls. Just marking up some setups and zones for consideration. Best practice to wait for the dust to settle and see which zones holds before entering.
EURJPY H4 - Little way for this to go until it finds support 123.500 needs to see a break (monthly support level) and then to actually find support for a possible reversal at 123.145, this is the area we would be scouting potential long positions.
GBPCHF H4 - Broke the interim support zone but now testing the more major zone, really strong RR here, we talk about this in the rundown now coming through.
$V reversal bounce on middle line of trend channel and RSI 40 touched on 2H timeframe Buy: $199.55 Target: $203.77 (+2.07%)
EURAUD H1 - Support has been broken, AUD strength seen over the eastern session. Caused AUDUSD to eventually pop higher too, but this bearish 1:13 setup here is super lucrative.
USDJPY H4 - Cover this in the technical rundown, but DXY is setting lower lows and lower highs. Still performing nicely on Gold lows and UJ longs though, possible retest from the broken zone to trade up to that next 106.300 resistance.
USDJPY H4 - Decent rallies seen on USDJPY this morning, YEN lagging behind with general market strength this morning, back on that key resistance price of 105.650. Ideally want to monitor this price and look for some rejections and price action confirmation.
USDJPY H4 - As mentioned, we have a lot of economic data coming up regarding the US over the next couple of days, this shall influence the USD a lot, effectively act as a catalyst to move USD markets, so do be aware of these points and keep an eye on timings! Lots of consolidation seen on UJ, could be exhausting, DXY broken support and setting LH's and LL's.