uptime919

uptime919

Japanese yen considered one of the safe havens in the fx market despite having a negative interest rate. This past week the yen has lost attraction due to risk sentiment being softer and commodities gaining traction. The Week ended in a spinning top , rejecting the 61.8 retracement but also ended the last day of the week in bullish posture. The next daily candle...

uptime919

NZDUSD : Commodity currencies showing a strong comback with recent weakness in safe haven currencies. Dx set to be softer while more large speculators are buying Aluminum adding to the upside fundamentally as of Tuesday (COT). With risk sentiment being lower coming into this week i can see bulls testing the Weekly 20ema/Monthly 23.6 retracement $.6685 , a...

uptime919

Daily we closed below the 200ema , 4H fresh death cross and bearish pinbar. I see some good support around $1.3240(Weekly 50ema demand zone). With further break down we test $1.3160(Monthly 20ema) and if we lose that test the Weekly trendline around $1.3050.

uptime919

Possible H&S Monthly tf to 200ema $90