The Kiwi has been on a selloff or rallies as of late; check Nzd/Usd. Looking for price to break support level displayed at 87.094 to enter a short entry. Risk/Reward is around 2:60... Support level must break before entry is taken. Potentially 200+ pips.
Pound appears to be recovering from a decline with the bears with the UK struggling with their inflation. However, there are some rate increases showing good possibility in the future which may lead to further pumps with their Central Banks Hawkish stance. I will be looking for a higher high opportunity to take advantage of a buy opportunity which may present...
FOMC left USD with some mixed reviews, although there was better than expected payroll increases for employment, wages still seem to be an issue. Appears to be an opportunity approaching for a brief short to the support level displayed. Once support level is broken, I will be seeking a short entry. Price alert placed at 0.90745 level. Good possibility for...
Aussie received some important news from their Central Bank recently which was a pause for their rate. I am expecting a softer Aussie Dollar in coming days for a short opportunity. Support must be broken which will provide an opportunity for a short entry. This week may present that opportunity. Alert placed for price at 0.57787
Price has pushed up through a strong daily resistance and appears to be preparing to pull back in this area. I am looking for a higher high for a long position to the target illustrated up top. The recent news from CAD oil is also to thank for the CAD strength which supports a stronger bias to the CAD fundamentally.
Price broke a heavy resistance level which price touched 4 times before rising above per 4hr. My idea is supported by minimal resistance when looking to the left above this level, as well as the DXY muscle which is evident. If all goes well, price will rise until we reach the non-farm Friday (1st Friday) of October, making this idea a potential Double-Top for UsdJpy.
With DXY strength present, this supports my short bias for Gold. Daily and 4hr time frames have price in bearish landscapes. I am using the 4hr for entry. My overall target is illustrated below but there is a chance that price will push down further. The previous lower lows have been pushing further and I am thinking the next will react to the support (target)...
Pound has crossed into bearish territory via the daily timeframe and remains in a bearish landscape via monthly time frame. Looking for an entry on the 4hr time frame. Anticipated price target is listed below on the chart.
Appears that USD still has steam left and its shows in the charts. Per monthly timeframe, we are in a bearish landscape but there is room for growth with the bulls. Daily and 4hr, we are entering a bullish landscape if price climbs above the zone illustrated. Once price closes above the zone, my next target is listed upon top for the expected destination.
Euro is struggling with Asia at the moment according to global news. With Euro under pressure, I I am looking for a short with EJ. Seeking a lower low for a short entry and zones are displayed for my areas of interest for structure.
Waiting for price to signal a short entry for a retrace on the 4hr timeframe. Entry only valid if "lower low" is present. USA economy is showing strength in data which supports my short bias compared to Eurozone.
Sharks are coming and they’re looking for food! Looking off a break through resistance for a potential higher high, in order to consider a long position. If all goes well, should be a nice ride for the shark to the top to capture the swimmer.
Price is looking sleepy and with some underwhelming news from the Eurozone as of late, looks like a short is in the future.. Looking for a break of the support level shown to short price with a target at 1.06440… Let’s see what the news brings us!
Plotted some more structural levels to display my pathway idea..
Seeking a pullback to resistance level, then a breakthrough support for a short opportunity. Fundamentally, RBA indicated that they’ve reached their limit for rate increases and they’re where they want to be monetary policy wise. Flip side, FED has hinted at more increases in the future, however many spectators are counting on one more to come.. This supports a...
This week we have some important news coming from BOE. Will they raise their rate for policy? On the technical side it sure looks like it to me. My next heavy level of interest is displayed in the 1.305 zone above. Price looks very strong at this point.
EU is on my radar for a pullback for a long entry following a higher high. Looks like some massive consolidation in an ascending wedge but price can also break out to the upside considering future plans of rate hikes for ECB… I will be watching to determine if I can enter this coming week when the opportunity presents itself..
We know the UK is still struggling with inflation with rate hikes in the future and it shows. Price has broken an extremely strong resistance level and still looks strong for more growth. My levels of interest are displayed.. Enjoy the trend