$AUDJPY has found the uptrend again and now I'm looking for price to come back down and retest the newly formed daily demand zone . I would like to see price move to the whole number of $90. Then push back down to the new zone. I love the wave motion on this market!
On Motorola, This is the last area for price to bounce from for the uptrend to hold. If we see a break/ close below 84.00 zone then price will be in a new downtrend. If price can close above 86. then I think we could see a retest of the highs at 92. but as of right now the Trend is up on the the daily timeframe still.
I know that Apple has a new phone coming out. Technically, I would like to see the uptrend continue on so right now price is in a great area to buy all things consider. However, If the low at 154.57 gets broken then I think this market will be in a new downtrend regardless of any fundamentals.
On $USDJPY this week, price has been ranging around for the past few weeks. Price is still in a downtrend and I believe we will see price bounce off the daily supply zone at $110.60 up to $112.00. As it has bounced off this zone it came back down to support that lies midrange of the the two big daily supply/demand zone. It didn’t quite touch the 60 min support...
AUDUSD has been in a uptrend and now we are seeing price range around. I believe that this is a continuation pattern and we will see price break supply and the highs as it continues to the upside. Yes, the market can do anything that it wants. But I see nothing other than some ranging right now that would say that we can easy see a retest of the highs
On Sony, We have see price give us a nice little pullback from the highs around 41.60 back down to $38.00. The Trend is still up on this market and I believe we will see price back up at the high in the next couple of months. However, before that for this week I'm expecting to see price bounce off the daily supply zone at $40 and then find some good support of...
On Apple, It has been very strong over the past year. I’m looking for price to continue to push up. If we do see a pull back I'm thinking that it will be one of these two zone. The supply zone outside the daily demand zone could be a nice continuation bounce to the upside.
On EURUSD, Price is in the middle of a range and has been for the past few of weeks. Now the ranges position is also of interest as it’s at the yearly highs and just past supply from 2015. So I believe that this range is price reforming that old supply from 2015 into new demand as price goes up to $1.2100 and higher. Price is in an uptrend and I believe we will...
On $EURJPY this week, price is still in an uptrend with it topping out so far at $131.40. I’m looking for price to continue to stay in that uptrend as see a retest of a new daily downwards sloping trendline. Price is below that trendline so be mindful of it this week and the resistance area the coincides with it which could be a nice area for price to start a...
I think this market is in a range. Looking for price to bounce on the daily demand zone and possible buy zone as it's tests the extreme of the range that I feel it is in.
Looking for price to bounce on the daily demand zone from 86.20 down to 85.47. Price needs to tell me that it's bottom out here before I can buy it in the direction of the trend.
Price has bounced off of daily supply at 36.68 up to 37.51 and now I'm looking price to bounce back down to daily demand at 33.96 down to 33.25. Along that path don't be surprised to find a little new fresh support at 34.82 down to 34.26. These are the major areas that I'll be watching over the next week.
On AMZN, Price has been moving in an uptrend. Right now it's coming back into daily demand. I believe price will go through this zone to the downside because this area has been hit so many times. If it does then it might be a nice area in the future to to take short again. Until then, the trend is up.
Waiting for price to come down into fresh new daily demand then I'm looking to buy
On USDCAD this week, Price has taken the plunge and is now is giving us the first signs of a pullback. I would like to see price truly hit daily supply at 1.2629 before going back down at retesting daily demand at 1.2480 down to the yearly low at 1.2400. Overall, the trend is down on this market and I would like to see it continue and would like to see price...
n USDJPY this coming week. I’m expect price to complete its move down to daily demand at 109.50 down to 108.17. This could be a nice buying area as it’s at the bottom of the daily/weekly range however if price breaks it. Then I would think that the price action this week could form a nice flip-flop zone for price to bounce off later if it does go below 108.17.
I think price will break the weak supply zone at 5.90 and we could start to see a new trend once it does. Again wait for the close above this zone before that ideas is truly fulfilled.