Current Forex Watchlist: USDCNH, GBPCAD, and AUDCHFCurrently, I still think the USDCNH have been oversold. This is why I think a possible retracement can happen given the large dip. The GBPCAD and AUDCHF for the very short time being, still has some continued support levels to pickup. That being said, consider everything I say on an opinion based basis. Invest at your own risk and do your own due diligence.
Forexpairs
This was Recently Oversold: USDCNH LongCurrently for a forex pair, I am actually long on the USDCNH. Given its past bull run, the correlations have been mostly bearish likely targeted by panic selling over warranted negative sentiment. That being said, I think it is starting to retest positive. Please keep in mind, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
Look at the ADL, Can we let the Resistance Pop? USD/MXNLots of people seem to be resisting the USDMXN as it is gaining support levels, but I think with the current sentiment, the positive support will outweigh the resistance. Is this another decent reentry in my Forex quest? Yes! I think thus far USD/MXN have been easy to trade back and forth on the basis of charting patterns. That being said, once you have decent profit turnover, it is usually a dangerous point to be a bagholder in the Forex world. Please take everything I say as opinion based basis, as always. Do your own due diligence and proceed with caution at your own risk.
Waiting for New Swing: USDMXNRight now, I am doing an entry on the USDMXN hoping for an upswing in price. I think it just needs to garnish some more support for the next positive wedge correlation. Currently resistance is high, but the risk is worth is it in my opinion. That being said, everything I say is on an opinion based basis. Please invest at your own risk and do your own due diligence. Proceed with caution.
USDCHF EntryI currently have done an entry for the USDCHF forex pair. I think currently lots of the support will outweigh any resistance for this current correlation wave, and that it should garnish more momentum soon. As always, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
I'm Still Holding CADCHF at this PointRight now, in terms of something I think could still garnish more support levels long term, I am holding CADCHF. Now, this has been one of my longer holds the past few weeks for a forex pair, but I'm hopeful that it does breakout lots of the bearishness it has been having recently. I have a target of it going past the $0.709 price point. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
USD/MXN: Re-enter this for the DipRight now, USD/MXN looks like a decent dip. The trend is next wedge breakout and than a short selloff likely leveling off of that. This is usually a typical pattern with many FX pairs. I would say that this is an easy low to mid risk reentry. That being said, please do your own due diligence. Everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk.
EURCAD: Decent Entry NOW!Right now, I feel like EURCAD is at a decent entry after the recent bearishness of the day. It is beginning to get some more positive support levels, and looks like it can be an easy way to a quick profit turnover. As always, everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk. Proceed with caution.
Currently Watching: USDMXN and GBPUSDI'm that Forex guy who likes mid to high risks and high returns. Lots of people are shortening the USDMXN, but I still think it got ways to go for some more profit potential which is why I did an entry. GBPUSD is still picking up more support levels as well for a higher pivot. Pay close attention to the technical indicators and charting patterns. That being said, please do your own due diligence. Everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk.
EURCHF: Long EntryRight now for the EURCHF pair, I think that the resistance trendline have been broken and it is starting to garnish some support levels. I think it is due for an even higher wedge compared to the recent positive retracement. It still has a bit to go, but right now I feel the entry is decent. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
Still Holding the CAD/CHF PairRight now, lots of events are coming up in relation to the this pair that I think will be positive. Also, given the risk level vs. potential reward, I think this have been oversold and it is about to have a breakout point from past resistance. I believe as an entry point, it is still quite decent and positive retracement potential is there. That being said, please proceed with caution. Everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk.
Decent Entry: USDCNHI believe that currently the USDCNH is having correlations previous to one of its last breakout patterns and that at the current price, it is a decent entry. I think currently this is mid risk. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
Bullish on these two Pairs: AUDCAD & USDCADRight now, two pairs that I'm watching that have been a decent entry are the AUDCAD and USDCAD pairs. Overall, I'm bullish on them and expect some positive correlations and that they gain some momentum in terms of support levels. That being said, keep in mind everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk. Proceed with caution.
Next Curve: AUDJPY Decent EntryRight now looking at wave correlation and current support levels + risk aversion ratios, I believe that AUDJPY is due for an entry and that this is roughly a low risk trade. I also think sentiment shows some continued support levels. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
4 Forex Pairs I'm Watching: CADCHF, USDMXN, EURUSD, & AUDCADRight now I think that CADCHF would retrace from recent bearishness, USDMXN have some more positive curves to go, EURUSD still has some support levels as well as AUDCAD. Although the patterns are different, I'm still bullish on these pairs gaining more momentum. That being said, everything I say is on an opinion based basis. Please do your own due diligence and proceed with caution.
Going in again for the Risk: USDMXN and USDTRY EntryRight now, two forex pairs that I think will have yet another real quick positive retracement curve are USDMXN and USDTRY. I am keeping a close watch on an entry for these two. I also see some positive sentiment indicating more support levels. As always, please proceed with caution. Do your own due diligence. Everything I say is solely on an opinion based basis not meant to warrant as unsolicited or actionable financial advice.
EURGBP Entry: ADX Dip? Bullish OverallRight now, I think given the technical indicators, and charting pattern for the past day and past week, I am bullish on the EURGBP pair. I think right now, it should be a good entry for short term bullish correlations, as well as maybe even long term. As always, please do your own due diligence. Proceed with caution and everything I say is on an opinion based basis. Invest at your own risk.
I'm Bettling Long on the USDTRY PairRight now looking at the correlations, and post-week price expectancies, I am currently betting long on the USDTRY pair and think it has some positive sentiment surrounding it. I also think the current neutral pattern is about to be broken quite soon. As always, everything I say is on an opinion based basis. Please do your own due diligence and please proceed at your own risk.
AUDNZD: Bullish ~ Ready for the Next SwingRight now, I am looking for a swing in which I have an entry that I will close within 5 days (as with many of my Forex trades), and I think I have found one with the AUDNZD pattern and current sentiment. I am doing an entry for this, and I see the bullish SMA showing some support w/ still some ways to go. That being said, everything I say is on an opinion based basis. Please invest at your own risk, do your own due diligence and proceed w/ caution.
Two Pairs: Short Term Bullish < 5 DaysRight now two pairs I expect some bullish action as extremely short term holds are CADJPY and the EURCAD. All the pivot points are close to reaching their tops though it is garnishing some support level. The short term patterns and the current bands also seem obvious to why they are positive right now but still short term entry than leave. As always, please invest at your own risk and do your own due diligence. Everything I say is on an opinion based basis. Proceed with caution.
4 Pairs I'm Long OnFour currency pairs that I'm long on include: USD/MXN, CAD/CHF, USD/JPY, and GBP/HUF. I feel like USD/MXN is due for a reversal where it has positive retracement. CAD/CHF has more support levels to pick up. USD/JPY has long sentiment. GBP/HUF is also due for a positive retracement. The patterns for USD/MXN seem there overall. As always, please proceed at your own risk. Do your own research and due diligence. Everything I say is on an opinion based basis.
Ready for the next wedge? USD/MXNRight now, I'm confident enough for an entry for the USDMXN pair for the next positive wedge correlation pattern. I think it is going to start garnishing some more support and picking up momentum very soon, and the pattern seems there. As always, everything I say is not meant to be taken seriously and is on an opinion based basis. Please pursue at your own risk and do your own due diligence.
AUDCAD: Entry: Worth the Risk?I think now at a small dip, might actually be good for a small time frame pattern to buy AUDCAD as an entry. Right now I'm bullish and think that it will go back up for support levels. That being said, it is mid risk. Everything I say is on an opinion based basis. Please do your own due diligence and pursue at your own risk. What I say isn't meant to be taken as actionable financial advice, and you should always proceed after investigating yourself.