trends just simply rolling this widening trend to see how this plays out. I’m selling because it did not break the main structure (red and green). But it didn’t go down all the way. It tried to trend up until the mini structure was broken (blue). It retested the sell trend line so im just going to make an educated guess that it sells from here.
Slattysl
i dont believe iti dont believe this pair is bullish at all. usdcad hasn't closed above 1.3044 since in a long time and since May 12 it's been rejecting there and closing beneath it. with all the dollar strength there has been, due to mainly euro weakness, it doesn't show in usdcad that much. my money is on the short side!
.125 to .375after throwing a fib on this bounce up in the 500, i've been looking for a place to sell, and i believe this is the right place. The .125 fib extension to .375.
never traded this before, not sure if the nfp payroll news will affect this.
NasPack!This is my first time trading the Nasdaq futures and i believe this is a top for the day. im not sure if the nfp news is going to have an effect on this like it does forex, but let's see. my technical analysis tells me this is possibly going as low as 11805(yesterday's low) but i believe we can get to 11850, which is about midway. time to turn the nasdaq into a pack or is it going to pack me up n get me outta here?
GO GJ! That's my GJGbpJpy has been in a slump lately. it just recently tried to re-establish the overall bullish sentiment/structure it's been in for a while but i dont like the way it has/is rejecting the previous consolidation zone. in my book that normally means it's time to short! & that's exactly what i'll be doing!
Bread & Shoulders ?is this a head and shoulders patterns we are looking at on CadJpy? or is that just a nice support trendline. well this pair struggles to close above 105.9 & has been that way for a long time, even with yen weakness. cad is also at some strong resistance in other pairs / the cxy(canadian dollar index). my money will be on the short side , until jpy shows further weakness!
dont like this at alli waited until the hourly candle closed because i don't way the way it is closing! this pair LOOKS to be consolidating! i can see nu touching .621 and maybe under, to go and look for support! i believe it will, but for now we must get there, and i believe that's where NU is going! My money is on the short side!
Support?How many times is eu going to dip below 1.04 and bounce? Recently the daily candles refuses to close below there and maybe it's a sign that the euro has another chance to rise. if not then we will be breaking multi year lows and the bearish trend may have no end in sight. Until a daily closes below 1.04, i expect the uro to keep fight. So, my money's on the long side. I can see euro touching 1.07+ again.
resistance for the day?Eur Jpy is going up on a trend line support but also has a trend resistance. This pair has seen some sharp drops early in the asian sessions lately but have been recovering thoughout the day. Is this going to continue down to 142 or break out of this wedge to the upside? Well my guess and money, is to the downside! i believe we get another bearish retracement back to 142 until it proves it's a true support level.
Is this continuing?EurCad has been in consolidation since dropping to level of 1.377. Going as low as 1.339 but not being able to break above the 1.377 level, rejecting it every time. Seeing a downtrend forming on the lower time frames, & multiple rejections on Higher timeframes, such as the daily. This pair has een in a downtrend since Dec 2020, who's to say it stops now. My money's on a upcoming SHORT!
USD INFLATION!FUNDAMENTALS-
the ONLY "Major" news we have this week is the USD inflation data on Wednesday 8/11 @ 8:30AM est ...
Now we've seen what NFP has done already. Dollar soared because bloomberg revised down the expectations due to a poor ADP, (check 2 post ago), but NFP wasnt bad.
Now i can see US inflation CPI data to continue it's trend of coming in WAYYY over expectations!
TECHNICALS - 12Hr W on NZD & there's also more room to grow on the DXY. I can see NZD testing the bottom of the range for ANOTHER test then.
FUNDAMENTAL SIDENOTE - NZD RAISES RATES NEXT WEEK FROM .10% TO .25% .. SO U MIGHT WANNA REALLY GET RRADY TO BUY IT AFTER THE SELL OFF
STOP .693 - I FORGOT TO EDIT THAT PART IN ! :(