Continued JPY seen after a pullback
111.000 Area has multiple conversions
Internal Trend Line
FIB retracement : 38.2%
Previous Support turned into Resistance
Above this on a continued pullback and USD strength we see 116.000 a key level and see price struggling to break through this level. Previous level for a H&S break.
The European Central Bank (ECB) interest rate decision may spur a limited market reaction following the meaningful easing packaged announced at the March 10 meeting, but further details surrounding the implementation on the non-standard measures may drag on EUR/USD as the Governing Council keeps the door open to further embark on its easing cycle.
From a technical perspective, GBP/USD has been carving symmetric and measured moves since the February 29 low at 1.3836. This doesn’t mean that moving forward the waves will continue to be symmetric, but it does help us focus on some higher probability patterns at play.
Fundamentally:
Another contraction in U.K. Retail Sales may dampen the appeal of the British...
Multiple Reasoning Trade.
Trend Continuation Trade.
Awaiting 3 point TL touch.
SNB Fundamental Issues with terorist crisis.
Resistance level becoming Support.
First Target being 1000 psychological level.
Secondary Target being 1.0300 with stops moved to 1000 upon closing of first half of position.
0.7250 Monthly Pivot.
A decline in Oil and XAU again this week is going to pressure this chart and maintain the downtrend send across the rest of the year. Cherry on top will be FED interest rates.
With a risk reward of 2.5/1 we believe getting in this trade is at the right time. A close about 0.7300 may show a continued long term uptrend and a break and hold...
Short here with a triple top, fundamentally bearish on this market and a 3 point TL touch. Fed interest rates week. Large institutions getting into long USD positions.
Dairy Price Index expected to fall again effecting NZD.
We believe that the trade of the week will be setup tomorrow as the Euro embraces the US holidays to climb higher into the 1.07000 Level. Price has been using the 100 EMA which looks as if its going to converge around this level.
An old support level, then resistance level looks as those large option expiries also eleviate this level. RanSquawk noting 2bln cash...
A series of higher lows accompanied by the daily MACD crossover. A break of 1.14 would show further room to go higher creating new structure highs. Remember the fundamental elements have significantly changed, however it only takes a spark of easing or rate hike take to disgruntle the market. The herd were short 59% to 41%. Remember its the guys that show proven...
