FXCareerSwap

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Bullish consolidation pattern, looking for further upside

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From a technical and trading perspective the NZDUSD has tested pivotal resistance at .6450 and yesterday posted a bearisk key reversal pattern, follow through to the donside today will see the daily VWAP flip bearish opening further downside, with initial support sited at .6350 a failure to find sufficient bids here will likely see a deeper correction to test...

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Tactical Aussie short swing set up

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From a technical and trading perspective the USD has formed a bearish monthly key reversal pattern, this portends further weakness ahead for the USD. THe USDCAD has tested the central tendency of the VWAP coinciding with the monthly pivot, this area met strong resistance Friday. Price posted a bearish key day reversal closing at the lows of the day , I am...

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From a technical and trading perspective the USDSGD has tested a symmetry swing support and the monthly S2, also note sentiment and momentum divergence as highlighted on the chart, buyers have emerged as confirmed with yesterday’s close above the near term Volume Weighted Average Price (VWAP). A continuation today through 1.3650 would be a bullish development and...

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From a technical and trading perspective the GBPJPY has tested a resistance cluster 1.4100/50 fib and trendline significance. Tuesdays bearish key reversal coincided with an exhaustion volume spike on the prior test of resistance, the tails on the daily candles combined with daily divergence suggest near term exhaustion. A breach of 1.2905 today would confirm the...

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AB+CG As discussed in today's strategy session

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From a technical and trading perspective the GBPCHF has tested a resistance cluster 1.2850/1.29 containing symmetry,equidistance swing and fib significance. Yesterday’s bearish key reversal coincided with an exhaustion volume spike on the prior test of resistance, the tails on the daily candles combined with daily divergence suggest near term exhaustion. A breach...

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Three wave correction complete, divergence into the C+D leg, bearish key reversal followed by bearish inside days

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From a technical and trading perspective the USDCHF has tested symmetry swing resistance at the parity level af has faced strong resistance, last week’s candle printed a bearish key reversal week last week and as such price looks poised to trade lower over the course of this week. A break of .9839 would give and equality downside target of .9462 (AB=CD, as...

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Three wave correction complete, divergence into the C+D leg, bearish key reversal

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Weekly resistance cluster above 109, with developing daily divergence, short 109.10 stop 1.0960 target 107.50

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Double bottom, divergence day play

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EURNZD set up replicating price and pattern from 12 month sago

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Looking for GBPUSD to test towards 1.18 to complete its current cycle where a more meaningful correction will likely play out

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Fridays news driven reversal has yet to see decent follow through, will buy just above Fridays close if seen, targeting 1.113 & 1.14 in extension, failure below Fridays low will open a test of 1.0950

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As discussed in yesterdays strategy session

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As 99.00 contains the upside, all roads eventually lead to a 96.50 test, trading tactically around this view, this hypothesis would be invalidated with a multi close above 99.00