PhoenixPHX/BTC
I did not find much information about this coin
But when I saw the name of this coin, I immediately remembered the article by the economist from 1988 about a currency that will be called a phoenix.
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socioecohistory.wordpress.com
altcoopsys.org
Phoenixfxc
DXY Weekly MarkupLook for Dollar reversal opportunities when/if any of these trendlines are retested as support, likely either this week or next.
USDJPY Weekly MarkupIf/when this reaches the 111s or 110s, look for opportunities to long this pair up past 115.
GBPUSD Weekly MarkupI suggest looking for long opportunities on GBPUSD. This retrace happened extremely quickly and fell to a fairly extreme degree. It would not surprise me to see this soon continue rising, albeit slowly.
EURUSD Weekly MarkupWhile I think EURUSD is about to enter a bit of a bearish season, I don't know that the season has arrived just yet. I'm expecting a bull run this week, with bearish pressure settling in for the next couple of months perhaps at the end of this week (if NFP is strong) or within the next week or so after that.
GBPUSD Weekly MarkupWhile I suspect GBPUSD has one more bull run, I think the medium/long-term direction will be down until their next rate hike is closer on the horizon. Watch for a bounce if it reaches that rising trendline, around the low 1.33000s most likely. Hard to say how high it would go. I'd take profit on any GU buys when the DXY looks like it's clearly bottomed.
DXY Weekly MarkupWhile it seems the USD is just about set to make a major recovery/rally until the December rate hike, (which the Fed is evidently going to make happen regardless of inflation numbers), I suspect we just might have one more dip/retest of the sharper broken trendline. I suggest buying the USD/taking profit on any anti-USD trades when this dip appears complete.
EURUSD Weekly MarkupAs said last week, this is a buy until that daily trendline AND the 1.18250 supply zone are broken. Still targeting 1.21500 and higher myself.
DXY Weekly MarkupAfter the first descending trendline broke last week, the outlook is slightly mixed at the moment. However, I'm still bearish until this red trendline from the daily chart breaks, and I'll likely sell the USD/buy against it if this trendline is tapped again.
USDJPY Weekly MarkupAt the moment, it's looking like USDJPY may respect the trendline between January's high and July's peak. If it does, this could ultimately test back to the bottom of the channel again, reaching at least the 107s. Here I'll be testing one short for a mid-way TP and one for a TP to-be-decided. If this level breaks, we could see 114 tested yet again, at which point I would likely try another short.
USDJPY Weekly MarkupI'm slightly skeptical that this breaks 112, but if it does, watch for further upside to 113 minimum, with 114 possible. After 112 is reached is when I'll begin looking into shorting opportunities.
DXY Weekly MarkupAfter a clear break of that support order block, look for a retest into the order block as support, followed by further downside.
EURUSD Weekly MarkupThe chart is self-explanatory. Buy on dips. Watch those trendlines for entry opportunities.
GBPUSD Weekly MarkupUpside potential is clear, easily past the 1.33000s. Attempt to use any pullback this week (especially any around the BoE) to position swing buys.
USDJPY Weekly OutlookFurther downside is all but guaranteed after the break of the 108 level last week. However, this may come after a brief recovery. Watch the trendlines for entry opportunities.
(Quick note: Even if we do see a recovery, a double bottom or inverse head and shoulders will likely need to form on the 4hr before this can happen. Only assume bullish moves to the next trendline after one breaks cleanly.)
USDJPY Weekly MarkupThe daily chart tells you all you need to know here. Further downside potential will be constant until that major trendline is reached. This is an easy sell long term until the 107s, or even maybe the 106s.
GBPUSD Weekly MarkupExpect GBPUSD to rise this week. Perhaps from this point, or perhaps after one more slight dip (not a fresh low).
