ftonialfred

ftonialfred

I was looking for EURUSD to move higher at the start of the week, but then changed my bias after rejecting the 1.180 area. My target for shorts was 1.1660, price has reached that level. I see price making another move down to 1.1620-1.1610 region. With the USD getting stronger, I do see price heading all the way down to 1.1540

ftonialfred

EURUSD seems to be rejecting that 1.179 resistance area. Price is currently ranging between that level and 1.174. If price closes with a large wick to the top, we could see price dip down to 1.1660

ftonialfred

EURUSD is showing bullish structure with HH and HL. Price broke previous support and now has come down to retest this zone. Price seems to reject this area, looking for a push up to 1.18350

ftonialfred

USDCAD has been in a longterm bullish run, with recent price action, price is looking to head higher. Price has been making HL and LL in the daily timeframe. Price failed to stay below 1.3000, and come back into the range and made a HH. With the NAFTA deal not going anywhere and weakening Canadian economy, I believe it will let price continue its bullish run. Next...

ftonialfred

USDJPY has been in consolidation for some time yet. Looking at the 4H, price failed to make a Higher High and instead came down to make a Lower low. Price is retesting that broken zone and looking to make another HL. Fail to break upwards from here, we could see price come back down to last months low of 110.000-109.800 zone. Overall bias is bearish especially...

ftonialfred

EURUSD has been in consolidation for some time now. There is no clear direction to this pair, price is currently retesting the support of 1.15400, a clear break of that support, and price will continue down to last months low of 1.13000. A rejection of this support, price would make its way back to 1.17300 and reattempt to break upwards. With Thursdays refinancing...

ftonialfred

USDJPY is currently at a resistance area. A clean break of this 111.150 area, and price should move up to 111.300 region. If price fails to break 111.150, we can expect price to make its way back down to 111.000.

ftonialfred

Gold is currently at a major price level of 1200-1198 where price has rejected this price level several times now. Price has also tapped into a major supply zone off 1213-1216 before coming down. Price has been making HH and HL on the 4H, however I don't see longs on this pair yet without a clear break of 1216 zone. If we do break upwards, next target would be...

ftonialfred

Descending triangle, price rejected a major price level. Higher timeframe trend is down. TP at 146.08. Entry will be a break of this.

ftonialfred

Gold has been consolidating, see price move higher from where price is currently at, price should continue higher to the previous broken region. SL is just below the wicks on the moving average

ftonialfred

USDCAD is still looking bullish on the daily. Price has approached a support zone, expecting price to move lower and fill in that wick down to 1.30700. If price fails to break this current price zone, price will move up to the next zone of 1.32600-1.32700, and possibly further up to fill in those wick at 1.33800.

ftonialfred

USDJPY has been very bullish last week, I see price moving higher. Before another bullish move, price needs to come down for liquidity. I wanna see price come back down and retest 112.000-112.200 and then moving back up to fill in the daily wick A break below 112.000, price will move lower to retest that daily broken zone at 111.300-111.400 . Expecting price to...

ftonialfred

Gold is at a strong support zone currently, looking at daily and weekly, price looks to make another leg down. If price breaks that 1238 zone, we can expect gold to head further down to 1218-1220 zone. With the US dollar gaining stegength in the recent weeks, I see a higher probability of price dipping further down than making a move back up. A break and close...

ftonialfred

USDJPY hasn't shown a clear direction with price consolidating. With Gold showing bullish structure, and the negative correlating USDJPY and Gold have, I am expecting price of USDJPY to move down. Price will retest that broken zone of 110.550, before coming down to 110.300. A break of 110.300, I expect price to move down to 110.000.

ftonialfred

Gold has been consolidating recently, with price tapping into a major support zone, price has bounced off and started moving north. Looking at daily and weekly, price shows signs of further moves up. entry would be at the retest of this bottom consolidation, or break of this zone and retest.

ftonialfred

GBPJPY shows bullish structure, next target is 147.000, expecting price to break 147.000 and head up to the next major zone at 148.000. Entry will be a retest of that trendline on smaller time frames.

ftonialfred

USDCAD has shown bearish market structure on the 4H with LH and LL. I am expecting the Canadian Dollar to gain strength against the US Dollar and expecting price to drop further down to 1.30373 area. Will look for price to retest of the previous broken zone before entering. Over the next couple of weeks, I am anticipating a further drop for this pair, possibly to 1.2900.

ftonialfred

After failing to break below 1.1500, EURUSD has shown bullish structure with the recent break of the 1.17100-1.17400 resistance zone. For this week, I see EURUSD retesting that broken zone and going up to retest 1.18400 zone. Entry will be on retest of the broken zone on smaller TF.