CJPointFX

CJPointFX

-The dollar is coming in weak this week as EURUSD is approaching parity. Will be waiting for the institutional sellers to enter the market around 1.0000, then looking to enter the market after clear selling pressure. -This pair has been due for a pullback for a few weeks now. -The FED is remaining hawkish, as we are waiting a potential 1.0 bp hike at the next...

01:11

CJPointFX

USDCAD has given us a nice pullback to support around the 1.27800 level, price broke through this level as resistance earlier this month and is now retesting it as support. With interest rate hikes coming in 2022 we can expect dollar bulls entering the market. This may be yet another pivotal moment to see USDCAD take another move to the upside

02:04

CJPointFX

Our previous Gold analysis has played out, with inflation concerns in the market we can still expect more buying pressure in the market. Being that we've had a nice rally to the upside we'll be closely watching on the intraday time frames for a pullback to structure to go long

CJPointFX

USD continues to remain the stronger currency with USDCAD, the market in over extended to the upside. We're seeing bearish divergence on the Daily chart so we'll have to wait for a pullback to the 1.27500 level before looking to go long again.

CJPointFX

Gold has recent broken out of its previous resistance zone around 1790, currently expecting a retest of that zone to find a long entry. Also, with stagnant interest rates and the US expecting inflation until mid 2023 we can expect the price of gold to increase as many will use it as a hedge against inflation.

CJPointFX

Entered a short position for USDCAD a few days ago following H&S w/ slanted neckline formation. Dollar weakness has followed, as we approach FOMC minutes I will be closely monitoring my position.

CJPointFX

Over the past couple of weeks GU has provided us with an ascending triangle creating higher lows with a respected resistance level at 1.37458. We are looking for price to test this level, either reject and go short to test the support leg of the ascending triangle or test and break through resistance and create a higher high.

CJPointFX

Over the past couple of trading days EU has provided a picture perfect up-trend creating higher highs and higher lows, we are looking for this trend to continue to the weekly resistance level at 1.21716. From there we may see a rejection, if we go short we are waiting for price to create a lower low, and if we go long we are looking for price to break above...

CJPointFX

This week we may see bearish movement within AU. For the past couple of weeks AU has provided us a nice descending triangle. The end of last week price failed to reach the dynamic resistance of the triangle, and has now broken below the support of the triangle. Currently looking like a retest of the new found resistance, waiting for confirmation for a Sell entry.

CJPointFX

EU broke below support and now this zone is our resistence, currently waiting for a bearing breakout

CJPointFX

Seeing Divergence on the Daily and 4H, signaling possible bearish reversal. Waiting for price to create a lower low + cross the Daily trendline. Also, approaching pivot so watch, the pivot bounce or test.

CJPointFX

Seeing bearish timeframe confluence from the weekly down to the 4H. Bearing pinbar forming around the .75611 resistance zone.

CJPointFX

Price currently aproaching the recent swing high at .74011. Waiting for confirmation with EMA cross and a trend line break

CJPointFX

Price continues to rise, will reverse at resistance level of 1.33135 creating a Triple Top formation and will sell to the recent swing low of 1.31063.

03:14

CJPointFX

Potential double top formation ahead, looking for confirmation of reversal before entry.

CJPointFX

AU hit resistance zone on November 9th and is now potentially proceeding into a downward trend. Currently testing trendline, waiting for confirmation of bearish movement with a momentum candle.

CJPointFX

Price approaching support, RSI now down to 28. Switching to the 1H to find a solid entry point for the next target zone