ForexAnalytixPipczar

ForexAnalytixPipczar

Gartley but more likely a butterfly. A move above the 1.3330 level would give me confidence a butterfly is developing.

ForexAnalytixPipczar

The USDJPY stalled at the 38% retracement today at 140.25 which could be the top of the bear flag pattern. Also, the 50dma is also near the highs today as well. A move back below the 139.00 would suggest that the pair will revisit the 200dma and possibly lower. Also to note, the Bank of Japan meeting is next week and there is speculation of a possible change in...

ForexAnalytixPipczar

Don't forget, no matter what you do in the forex market this week, remember two things: 1) The DXY is in a triangle consolidation 2) It's summer.

ForexAnalytixPipczar

And a longer term false breakdown could really break higher following a weak CAD jobs print on Friday. Shorts should be careful

ForexAnalytixPipczar

Intraday Update: Another rejection near the 1.0800 level as the bearish pennant develops. Key support is at the 1.0700 level today and ahead of CPI tomorrow.

ForexAnalytixPipczar

AUDUSD is trading at the 61.8% retracement, and we were targeting the 200dma into Asian trade. If you look left, the 200DMA has been a factor, so worth noting.

ForexAnalytixPipczar

Ab=CD and bear flag completion will be at the long term 78% retracement at .6385.

ForexAnalytixPipczar

The 10yr is coming down, after a failure at the 117'00 level last week. However, please note that the 50dma crossed the 200dam which is known as a "golden cross"

ForexAnalytixPipczar

Lots of discussions in recent days on our shows about the dangers of being short #GBP. Pullbacks shallow and shorts have not been paid. Move above the 1.2550 level would target 1.2623 level.

ForexAnalytixPipczar

Just pulled my longs off, and if you watch the Pepperstone Trade Off show, you know I was long EURAUD and NZD, closed them both and looking to reload lower if I can.

ForexAnalytixPipczar

26 April: Intraday Update: The GBPAUD has hit the 161% extension as expected, so bulls should be careful as intraday RSI is overbought. Current price is at 1.8907.

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Targets well below 24.00 and should usher in some USD strength as a byproduct

ForexAnalytixPipczar

Double top in copper targets below the 200dma at 3.70, break of channel will assist.

ForexAnalytixPipczar

End of Day Analysis: The triangle top held and a drop back into the apex of the triangle should allow for a move back below the 50dma and back to the .8765 triangle support in the days ahead.

ForexAnalytixPipczar Updated 

We have reached the 127% extension as expected yesterday, however the daily RSI is very overbought and could suggest we are at a bearish gartley reversal area. Bulls should be careful.

ForexAnalytixPipczar

The NZDJPY is facing the RBNZ overnight, and with the RBA signaling they will be stationary with monetary policy for awhile may clue in what to expect tonight. The RBNZ is expected to raise rates .25 % however if they chose to come in with more of a dovish stance, the NZD may come under pressure. Expect that a move below the 82.65 level would trigger a double top...

ForexAnalytixPipczar

This is a long term view we have had on the AUDUSD at Forex Analytix Take a look at the bearish pennant that is developing. what could put the AUD down in the low .60's again? A second half 2023 global recession? Dovish RBA & CB divergence?

ForexAnalytixPipczar

Strong support zone, so if you are long risk you have to be careful now