if it hits the 1.100 area one more time. Sell it yes sell it from the zone. Thank me later.
if DXY gain more strength then we expect this pair to drop 0.6770 area for retest. Fibss Retrenchment , dxy.
The USD/CAD pair gained nearly 100 pips in a matter of minutes after the data published by Statistics Canada revealed that the Canadian economy contracted 0.1% on a monthly basis in December. The report showed that the real GDP's annual growth rate in the fourth quarter slumped to 0.4% from 2% in the third quarter and missed the market expectation of 1.2%. And...
EUR went above 1.14 are few times where it was rejected and it closed the week below 1.14. There is a clear M formation on the 4hr time frame and is currently forming the second leg of an M formation on the daily time frame . We can expect the pair to drop further if US Dollar index strengthens further. Upcoming news on EUR on Thursday may affect the current...
Elliot wave is formation and the D point confirmation thats all i see but so many new news coming this week, so if this pair breaks then it will use 0.7030 as a support.
NZD trade balance are likely playing their role to cap the upside, On the other hand GBP/USD highly overbought conditions.
AUD/USD continues to recover and has made back the losses from the outside day to the downside on Thursday, Bulls have to break above 0.7180 resistance to travel to 0.7220 and ultimately to 0.7300 to the upside. Support is at 0.7150, 0.7120 and 0.7100 figure.
Swiss Frank is currently consolidating around the 1.00 area. The crosspair is near a critical resistance area with multiple rejection , huge possibilities to go near 11th February low if it breaks 0.75800 level.
AudUsd, Elliot wave triangle, Monday while bank holiday in USA Aussi Dollar was consolidationg earlier london session just around 0.71500 and as Dxy getting back strength and china usd deal is in progress, this pair has chance to break 0.71000 level.
EURUSD has broken out of my large structure/support line but not with much surety. Looking at the latest 4hr chart and it seems bullish may have gaining strength to go nearest 1.13500 level. On the other hand The US Dollar Index, which advanced to a fresh 2019 high of 97.37, was last seen down 0.1% on the day at 96.90. Investors may also be looking to book their...
NZDUSD has been oversold last week as a result of the Disappointing employment data weighs on the NZD last Wednesday and AUD new release. The pair will probably continue its bearish movement to lower lows near the 0.67 blue area and the 0.6650 . Also this pair is trading below the 0.50 fib so we can expect no retracement for the next week if it breaks also the...
USDJPY possible short from the sell zone area. USDJPY might use the sell zone area as a resistance and reverse back..