I think we've seen the last move of usdcad's correction from here.
Going for a short term Short, Expecting this pair to reverse on a larger time frame pretty soon.
Following my RSI and EMA's on this. DXY isn't giving any signs of a reversal on the on the 4-hr or daily time frame. At this point I'm expecting the Dollar to just continue falling. Things aren't looking good for the Dollar in the technical or fundamental. At least from what I'm seeing right now.
I've been watching the closely DXY, looking for some sign of a reversal, but at this point I'm expecting this downtrend to continue for a much longer time. Looking at some of the fundamentals as well, things aren't looking too great for the dollar, in terms of strength.
Entered this trade a while ago. GBP Strength: Going up NZD Strength: Going Down should see around 1200 to 1700 pips from this move. might take 2-3 months.
This pair is overbought on pretty much all time frames. When it starts dropping, it should be a big drop.
Going to short this pair for the week. Should be a nice move down.
That 92.00 is a pretty significant level. if there's going to be a reversal, it will be at that level, based on structure. Plus RSI is showing oversold on the Daily, Weekly, and sorta-ish on the Monthly. If a reversal is going to happen, it's going to happen quick, and you'll have to watch price action very closely.
Looking for a short retrace and then a continuation to the the upside. target is going to be 0.800, after that I think there may be a larger long term short.
I'm expecting one or two more weeks to the down side, before we can start looking for a Long position. When it does start going back up i think we can expect price to move back up to 103.
This is a second attempt at my new analysis method here. I'm looking for price to come down to 1.375. I think we may even see it come down lower than that. My target will be that 1.38 though.
Trying something really new here. Not going to bother explaining if this doesn't work out. I'm expecting the nzdjpy to start moving down till 70.00 and maybe more.
Looking for a big move down on this pair. I'm certain we'll start to see a move down in the next week or two. Going to watch between 118.00 and 116.00 for resistance. I think we will see a lower low on the weekly time frame.
NZDUSD showing overbought conditions. Looking fore price to go back down to previous low. These are some of the best odds that you can get. I got stung by the USDCAD, lets see if i can make back some losses here.