gbasser

gbasser

With oil prices sliding down to extreme levels, and the loonie slipping due to mediocre and even bad news in the fundamentals ... it wasn’t a surprise to see the pair testing highs up towards 1.3700 . Holiday trading as well drove prices over the top in thin liquidity.... oil prices have started to show a rebound and with the resistance 1.3659 a major ceiling ,...

gbasser

Usd/Cad managed to break away to the topside not before hitting 1.3444 earlier in the day . Fundamentals with oil sliding and a hawkish FOMC were the exclusive drivers in this latest break . But with an overbought RSI a pullback should be expected, as well as a target at 1.3520 1.3540 to cap any sustained gains. If the resistance up here is not surpassed and...

gbasser Updated 

Hi guys’ this particular pair is of interest in this zone , we’ve seen it go beyond parity to the 1.0130 levels this year but not sustain for too long. I’m looking for a short opportunity back to the 61.8 fib level ... possibly lower @ 0.9850 on a hold below parity in the next day or so . I expect weakness and a drop subsequently. Now my trading style I’m not a...

gbasser

Hey guys back again, if you kept up with my last post , we were looking to target 112.95 which it hit this morning . In fact we are in the strong support zone near 112.55 and up around the 61.8 fib level. This zone may provide a good short term bounce, for those of you looking for a quick scalp. If the support below the fib gives way it may target 112.00 next so...

gbasser Updated 

Hi guys, my first chart was wonky but I have hopefully fixed it here since I’m not able to delete it. The pair is testing the previous weeks and July 2017 highs once again , 1.3440 in particular is a strong resistance area and a hurdle above that would take it to a 1.3480 and beyond test . This is not a likely scenario, and if it were breached would most...

gbasser Updated 

Usd/Jpy has been on the upmove testing areas around 113.75. The last time it hit the area it could not surpass it . The upmove was likely triggered by rising yields , and if that continues, could cause an acceleration thru 113.85 but likely will not sustain at least near term. A good sell zone will be around 113.75 ,but will activate half around a move just to the...

gbasser Updated 

Alright guys , as with my future ideas I will be including fundamental and technicals with my position. As you know , Brexit has been a major factor in movement in the pair. Even the technicals were practically invisible to the movements witnessed in some of the Brexit rumors or truths. The tone around the Brexit “effect” is set to dwindle slightly allowing...

gbasser Updated 

The pair is testing the previous weeks and July 2017 highs once again , 1.3440 in particular is a strong resistance area and a hurdle above that would take it to a 1.3480 and beyond test . This is not a likely scenario, and if it were breached would most likely not sustain . As we see the new year with usd strength waining due to interest rates holds. ...