DXY shows it will struggle to move upwards, which could potentially move EU and other majors up.
As London steps in, bullish pressure will likely continue. From a technical perspective, the SMA's look primed for further moves upward. TP: 1914.50 SL: 197.11
A profile committed to providing high probability setups through disciplined risk management and account growth. EURUSD is showing some bearish pressure. On the first Fibonacci sequence EU has clearly respected the .786 level. Revealing that the pair my retest previous areas of consolidation, at the -0.272 level. Current RR Setup: TP.17765 SL:1.18144 This is...
From a technical standpoint NU has potential to fall based on SMAs. NZDUSD on a daily basis as of last week outperformed most of the major pairs from a volatility standpoint. Current risk reward setup: SL: 0.66699 Entry: 0.66644 TP: 0.66095 As always, this is an opinion, not financial advice. Set suitable risk to match your tolerance
GU has traded within the 1.28800 - 1.30000 range over the past month and a half due to Brexit uncertainties. From a technical analysis perspective, the pair has room to run due to the bullish trajectories of the SMAs. However, from a shorter time frame perspective; with the impending North American holiday, we expect the pair to trade sideways or move downward to...
XAUSD has clearly bounced off the .786 level, based on price appreciation in the morning and traders closing their positions for the weekend we expect some downward movement on the price in the S/T. Current R/R of: Entry: 1927.67 SL: 1929.89 TP: 1915.18 As always this is an opinion, not financial advice, please use risk management suitable to your risk appetite.
DXY will bounce off the .786 (first Fibonacci sequence) level, rallying into late-London session and New York. This will fuel selloffs on majors such as EU, GU and, NU. The 200hr SMA on the 15 min and 5 min timeframes imply some bullish strength, which we believe will fuel the rally into the early morning (Toronto Time -GMT-4) The rekindling of stimulus talks by...
Based on the deterioration of the price early this morning during NY it is clear the price may have more room to move downwards referencing the first Fibonacci sequence. The price has identified the .382 area on the first sequence as an important area of resistance. We expect further movement down to the original early morning lows. However, there has been...
EU has clearly rejected the 1.8000 level. It has traded within the 1.17900 - 1.17650 range for the week so far. Based on news in North America and geopolitical tensions in the EU region we expect this to weigh on the pair as investors seek risk-averse USD assets as we head into the FOMC meeting. Trump has said that talks will continue to provide stimulus to...
US Consumer credit has fallen significantly, representing telltale signs that debt-intensive purchases have been falling signalling within North America that growth is beginning to show serious signs of depressed growth, of those similar to the '08 crisis. Because the US Yearly GDP is fueled by roughly 68% consumer-based debt/spending, this may be the beginning of...