Going along with my take on the Dollar Index, we can expect the DXY to sell, therefore causing this pair to sell as the dollar weakens. We can see that price has broken this trend and has failed the retest, thus becoming a confirmation to sell.
The Dollar Index has broken and retested the trendline, I would like to see it weaken. Meaning XXXUSD pairs will buy and USDXXX pairs will sell.
This is what I'd like to see with Gold. Looking for that retracement and retest, then fall to bounce on the trendline.
Here is a perfect example of the Elliot 5 Wave with the ABC correction waves. We can see how price broke out the downtrending channel and tested the previous support. I'm looking to go long on this pair.
GBPJPY looking nice for a sell. Downtrending channel. Wait for the yen to gain strength and the pound to weaken.
NFP was on Friday, the dollar strengthen but it still stayed within this downtrending channel. I'll be waiting for markets to settle before entering any trades. But most likely the dollar may stay within this channel.
We see price broke out of the downtrending channel and retested, indicating a reversal to the upside. Looking for that .618 retracement then a move up.
UJ broke downtrend and is now in an uptrending channel. Higher Highs and Lower Highs are being made.
The dollar index has been in this downtrending channel for some time. I am looking for it to continue in the channel, however if it breaks the channel and fails a retest, we can expect to see it rise. Overall I think it will continue to fall.
.786 fib retracement on USDCAD. CAD still with more currency strength over the dollar.
looking to go short on UJ. Trendline channel resistance but i need a break of support (black line). Downtrend on the daily and 4 hr.
Eu has finally broken out of the triangle pattern (red lines) and has restested 1.15250 as a strong support.
Here we see price in a downtrending channel (between the pink lines). I am looking to go short. A channel is where you have price in between a diagonal support and resistance.
Here we see price consolidating at the moment, however i want to see price continue this uptrend and pullback. Wait for the London session and a strength gain of the USD. It should follow the trendline and bounce off.
We see price has been in an uptrend for some time, however if it breaks the channel, we want to look for a channel retest then drop for the sell or price will go back into the uptrending channel. The highest price might go up to 114, if it re enters the channel, we can look for a buy. Also to buy, USD needs to gain strength in the currency and the JPY should...
Here we see signs of a clear uptrend, price is on the middle bollinger band. We are looking for price to make a higher high. However, 114.5 being the high of this year, we will have to wait for more confirmations.
We can see a clear downtrend. I am looking to see price pullback to the blue trend line and drop to the 128.450 resistance level to continue the downtrend, making a lower low. However, if price breaks through the channel trend line, we can look for a retest of the trend line and a push up for a trend reversal.
Price is retesting previous channel support, I would like to see a drop in price to the 112.000 area. However, we must look for a strength gain in the Japanese Yen (pink line in CSA indicator), the RSI must also be pointing downwards to indicate a sell.