mbauerfx

mbauerfx

The JPY Index turned bullish overnight and this morning based on Heikin-Ashi 14-hour candles going from red to green. I like using 14-hour candles because one can detect bias shifts two times each day, once at 7:00am EDT, and once at 5:00pm EDT.

mbauerfx

The USD Index turned bearish overnight and this morning based on Heikin-Ashi 14-hour candles going from green to red.

mbauerfx

The US Dollar turned bearish earlier today, with the price falling below 50% of yesterday's trading range. However, as the New York market close approached, the price pushed back into the green. So if the daily Heikin-Ashi candle closes up at 5:00pm ET, I will continue to hold my long USD positions.

mbauerfx

The Japanese Yen Heikin-Ashi daily chart maintains short bias.

mbauerfx

CBOE VIX Indexes recording a moderate uptick, but still generally holding in a range.

mbauerfx

I am maintaining a short JPY bias based on the Heiken-Ashi down candle on the 4hr chart.

mbauerfx

Holding a long index bias based on persistent Heiken-Ashi up candles on the 4-hr chart.

mbauerfx

EUR/JPY is marking new lows today and is getting close to being 23.6% below our fair value line. We are currently accumulating small long positions at these new lows.

mbauerfx

Updated: 60m Uptrend - Open Trade - Waiting for price to pullback to buy zone (TS/KS), then will look at 5s chart for low Bollinger band spikes to start accumulating some long positions.

mbauerfx

The Monthly and Weekly trends for AUDUSD are still clearly bearish. All Han Ne lines and Chiko Span are aligned in source order priority. Kumo, Senko Span B, Senko Span A, Kijun, and Tenkan Sen angles all point down. As long as the Daily or 4hr chart shows the same thing, one is safe to look down to the midterm time frames, the 1hr or 30m charts, to confirm...

mbauerfx

2/18/20 - 9:32am ET (UTC-5) Still Bearish - Look to sell unless we see Sanyaku Kouten prove momentum reversal to upside on the 1hr chart. Current Market Condition: Daily and 1hr Downtrend. Buyers still not able to push higher highs. Sold breakdown at 1.08267. Moved stop to breakeven this morning. Holding trade short with open profit for a 5:1 Risk/Reward...

mbauerfx

EUR/CHF Trade Watch Analysis 02/17/2020 - 3:51 PM ET (UTC-5) Daily Chart Shows Downtrend Invalid Sanyaku Kouten Tenkan-Kijun crossover, step 1, and Chiko Span crossover of price, step 2, happened on the same candle. This means the reversal signal by itself is weak, and so not a valid trade signal on its own. Would need to see a pullback of price and then a...

mbauerfx

EUR/JPY Trade Watch Update 02/17/2020 - 3:21 PM ET (UTC-5) Reversal Scenario - If market buyers are going to overtake sellers, need to see a confirmed Sanyaku Kouten reversal. If so, will place a buy on price close above the Kumo. Trend Continuation Scenario - Based on the Daily Chart, EUR/JPY is still in a solid downtrend. Waiting to see if price retraces...

mbauerfx

2/17/20 - 2:44 pm ET (UTC-5) Still Bearish - Looking to Sell Unless We See Sanyaku Kouten prove momentum reversal to upside on the 1hr chart. Current Market Condition: Ranging, but buyers have not been able to push higher high. Waiting for price to touch and resist the downtrend top line or price to break the recent low to sell. Will make sure to confirm sell...

mbauerfx

2/17/20 - 9:29am Still Bearish - Looking to Sell Ranging, but buyers have not been able to push higher high. Waiting for price to touch and resist the downtrend top line. Make sure to confirm sell entry with Tenkan Sen pointing down.

mbauerfx

Clear Elliot Wave 5 + 200% Fib Extension + 3000 price level converge exactly on New Year's Day. Could signal the start of a long-term bear market that may last until the price hits 1850. 1850 is the 50% fib when measured from the low on 3/2/2009 to the 3000 level on 1/1/19.

mbauerfx

Short accumulation begins above 107.488 on 60 min chart. Buyback and long accumulation starts below 106.988.

mbauerfx Updated 

Marker Maker short accumulation will ensue above 151.20.