ForexAnalytixPipczar

ForexAnalytixPipczar

Intraday Update: The Cable hit new trend highs but also tagged the 161% extension at 1.3184 following the rate cut from the FOMC. Bulls do not want to see back below the 1.3200 level now.

04:04

ForexAnalytixPipczar

Market expectations of a 50bsp cut today are high, anything less than that could lead to a massive reversal. The USDCAD is top on my list of trades today, post FOMC. Listen in to understand why.

03:49

ForexAnalytixPipczar

I discuss the US Dollar index ahead of the FOMC tomorrow. How the Fed frames the next few months will determine of the US Dollar is in a range, or is about to fall aggressively. I map out the key levels ahead of the FOMC in the US Dollar index for tomorrow.

ForexAnalytixPipczar

Intraday Update: US Dollar index is at the key 100.60 level, this is channel support and near recent lows since late August. Considering this is the FOMC week, USD bears should be careful down here ahead of Wednesday's FOMC decision.

ForexAnalytixPipczar

Intraday Update: The SPX is stalling at the 88% retracement near 5629 and trying to create a lower high. Bulls will have to be very careful this week if we can't break the 5660 level.

ForexAnalytixPipczar

Intraday Update: The EURGBP is still trading heavy and could be trading below channel support, which could also be viewed as a bear flag. .8400 level remains very critical support.

ForexAnalytixPipczar

Intraday Update: The Kiwi is at channel resistance (possible flag) but a break back below the .6150 level would trigger a double top and allow for a move back towards .6100.

ForexAnalytixPipczar

Intraday Update: The EURUSD is at channel resistance, while below the 1.1130 level the risk is for a drop back below the 1.1100 level today.

ForexAnalytixPipczar

Intraday Update: The USDMXN is holding around the 61.8% retracement near the 19.19 level, which could allow for a bounce. A break of the 19.14 level would target the 19.00 level or channel support.

ForexAnalytixPipczar

Intraday Update: As expected yesterday, the EURUSD has hit channel resistance but is stalling at flag resistance now. Pullbacks have been shallow so it's reaction from here as gold retains the breakout to ATH will be watched carefully into the weekend.

ForexAnalytixPipczar

Intraday Update: The AUDUSD held flag resistance today and is pulling back towards the .6690 level which is the 38% retracement of the rally this week.

03:41

ForexAnalytixPipczar

With gold breaking higher, the EURUSD, GBPUSD, AUDUSD and NZDUSD may break or continue to build their bull flag patterns. No data to move the markets, stocks continue to squeeze, the end of the week could bring you more of the same of what we saw today.

ForexAnalytixPipczar

Intraday Update: If the flag is going to still develop, this is the level is would stall at now. If you played long from yesterday's lows, not a bad place to take some off.

02:36

ForexAnalytixPipczar

I show you the AUDUSD and why I still think buying dips is the way to trade the pair, despite it trading heavier the last couple sessions. I show you a longer term view of the USD index and reference the EURUSD and GBPUSD as well.

ForexAnalytixPipczar

Intraday Update: There may be "flag patterns" setting up on many US Dollar pairs ahead of the US CPI today, but the EURGBP also is in a bear flag pattern, and due to the weaker data today, the flag is still very apparent. A move below .8420 would be a bearish break and continuation. A move back above the .8455 is required for an upside recovery.

ForexAnalytixPipczar

Intraday Update: The USDJPY has bounced back into the resistance zone, and near the 38% retracement which comes in at the 143.93 level which should be strong intraday resistance.

ForexAnalytixPipczar

Intraday Update: The AUDUSD is at flag support, and near the 38% retracement at .6643, which may offer a good place for longs.

ForexAnalytixPipczar

Intraday Update: The Cable is trading in the bull flag pattern setup, but the 61.8% retracement at 1.3200 level is key resistance following the NFP, and if a strong employment report the risk would be a move back below 1.3100 and (more than likely) negate the bullish pattern.