I really don't see this bouncing higher next week but be patient and sell any decent strength. no huge AUD economic data next week so this pair may see some relief. I still believe many large funds can't hold large shorts on this due to the high carry cost.
With last week's doji, I am looking to get short as soon as possible though. I see rumors about Obamacare trouble and its potential affect on the stock markets.
must close below 200MA this week then buying eur/usd, gbp/usd? after the neckline was busted, the 200 MA might hold this down next week
love price action like this. up at the start of the day to create the top wick. this will likely be a red candle. can't say anything about the bottom wick yet.
third attempt at the top of this channel may lead to a breakout though.
selling this for an attempt at 3183 with a very small position. its earnings week and fed still pumping QE.
Bears please note the .50 fib level and the 200 DMA coming up. Not sure where to get back long on this... maybe after a trip back to 0.9500? Your thoughts please?
have the feeling this is going to get very bubbly though...
got out of the last attempt to catch a decent fall with a small profit. this is a guess at a possible channel formation.
4hr chart has a nice channel developing to get DXY higher