Jan 4 2017: Expect major resistance at 1.3300 prior to Non-Farm. Prediction on favorable USD news is slow consolidation towards Friday news, with slight upward trend. Towards release, large bear wicks should form, prior to the main push up toward 1.3400. Be aware that aggressive bear wicks will stop out many buyers who get in too early.
Jan 5 2017: Two things may happen: 1) Consolidation for a session or two (4 - 8 candles) 2) Bounce off resistance for immediate drop I do not expect much major upward pressure due to strength of USD. Wait for indecision candle, then trend confirmation candle to take position.
OANDA:USDJPY Jan 3 2017: Hitting resistance at 118.20, will retrace off these levels back to a minor support level around 117.80, consolidate there, then potentially breakout past 118.20 to continue bullish trend
OANDA:EURUSD Jan 3 2017: Push towards major support level. Price has not been here for decades, except for last few weeks. Expect some consolidation and then a push back towards 1.0440. Three things that could happen: 1) Price pushes close to 1.0370, creating excellent risk/reward. Wait for indecision candle, or set buystop a few pips above. 2) Price breaches...
OANDA:USDCAD Jan 2 2016: Price hit major area of support at round number of 1.3400. Large wicks on 4H, and uncertainty on 1H. Sellers tried pushing price lower but support was respected. Review to see if support is respected. If the support is not broken, likely a BUY. Three things to look out for: 1) A bearish push towards support, then a fail to break it....