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USDCAD Short bias; currently hovering around zone at which lies the following: FIB, R, Psycho. “Overbought conditions of 14 day relative strength index also favouring the pair’s latest pullback” -FXStreet. DXY support- “10-year US Treasury bond yield is losing more than 4% on a daily basis suggests that the DXY's correction is technical and is unlikely to gather...

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Double top on 1hr TF showing rejection against zone on chart. Could see a potential short term pullback on the pair to the downside. Gold continues it’s surge upwards towards $1500 and DXY support- “10-year US Treasury bond yield is losing more than 4% on a daily basis suggests that the DXY's correction is technical and is unlikely to gather momentum unless...

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XAUSUSD 1500 target

Ajish_A Updated 

Break above resistance + FIB zone, DXY support upside momentum DXY:

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The pair is at a key level of 1.32 and has been seen ranging between an approx 85 pip zone, dependent on Oil and DXY movement we could see one of either two potential movements. Scenario 1: Short Despite the US China trade tensions and the US treasury labelling China recently as currency manipulators, we could see a rise in Oil prices (WTI), this in conjunction...

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Primary fundamental driver: "The pair remained under some intense selling pressure for the third consecutive session on Monday and added to the last week's heavy losses, retreating nearly 350-pips from levels beyond the 109.00 handle - touched in the aftermath of a hawkish rate cut by the Fed. The US President Donald Trump's abrupt announcement on Thursday to...

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Break of FIB & short term resistance on 4hr + DXY downside momentum and break of 98 psycho + Gold on the rise with potential to reach 1500 DXY: Gold:

Ajish_A Updated 

DXY Showing rejection from 2 year highs, USDJPY clear breakthrough psycho level at 109 expecting further downside momentum from the pair. Targets have been labelled on the chart. However if on the flip side DXY continues strengthening upside targets have been identified. Confluences: DXY, FIB, S/R, Pyscho level DXY:

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Rejection off support, DXY confluence from bearish movement supported by negative PMI data. Upside targets indicated on the chart. DXY:

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AUDUSD long opportunity, showing rejection with multiple confluences supporting the move. Gold upwards movement + DXY bearish momentum after rejecting the 2 year highs. Be wary of entry especially with ISM manufacturing data out at 3pm. DXY: Gold:

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Larger weekly time frame giving bearish bearish signals, the pair is approaching the 4hr TL around 1.314, if a double top forms with clear rejection and confluence from both Oil and DXY could be a great sell trade. Oil currently at the 0.236 FIB level showing signs of a rejection; however from a fundamental standpoint there seems to be some concern with there...

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Potential bullish move on this pair subsequent to it’s 104 pip drop from 3 month highs on 18th July, currently at FIB level and showing rejection on 1hr TF; a clear break to the upside could open up the window back above psycho level 0.7 especially with DXY starting to show signs of rejection after the bullish run it’s recently been on. Flash manufacturing PMI...

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Clear break of 0.69 psycho level + gold confirmation + DXY strengthening Gold: DXY:

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Break off 0.99 psycho and 0.618 FIB + confluence from upside movement of DXY + Gold downside DXY: Gold:

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Clear rejection off 4hr TL + Fib, added confluence from DXY upside movement. Targeting next zone 0.989-0.99.

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Fallen to a short term price action support area following last nights RBNZ plans for a unconventional monetary stimulus; potential for short term bullish trade ONLY if there’s clear support from DXY. DXY has been on a huge upsurge and has broken the 4hr TL subsequent to investor speculation of a bigger rate cut of 50 bps however could be time for a reversal to...

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NZD reached area of short term resistance and exhibits oversold conditions therefore expecting some downside movement towards the 0.67-0.671 zone. Supported by strengthening of DXY (at time of writing) expecting upwards movement towards the 97.35 area where TL sits. However on the flip side should the pair move to the upside and clearly break through the 0.678...

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Potential long on this pair, reaching a trend line that's been well respected (on the short term).. The most ideal entry around 82.55 if it shows rejection and majors UC and UJ play nicely.