Jadecap

Jadecap

Dollar bears have been appearing to hold the 1.34000 level on USDCAD with a big volume selloff on Mar 15th. I shorted a 50% retracement around 1.34200 and looking to target 1.30200 though we do have first support at 1.33000. Will look to cut risk around that level.

Jadecap

Yellen continues to beat around the bush regarding a rate hike this month. Yields have been rallying leading up to Yellen's speech but the Fed continues to disappoint by not providing a concrete decision on whether they are raising or not. If we treat this as a fake break of the trend line but more so as a box and range then we could see 2.300 again before the...

Jadecap

Today we ran a clean level of stops around 101.70 with a nice reaction and 4H pinbar. There has been some divergence in the recent up move though we could see more bullishness to 102-102.50 levels before turning. There is a liquidity void where orders were not filled around 99.00 which I believe we will need to fill before further upside.

Jadecap Updated 

The Euro has been losing ground across all of its pairs. With UK yields at a possible area for a buy I'm assuming a short position on the Euro / GBP cross. There are multiple layers of confluence on this trade which stack in my favor of bearishness. Pivot area, .85000 whole level, bearish engulfing bar, fib retracement, etc. Possible 3R

Jadecap

This is an update regarding my breakout idea from the weekend. Today the yields failed to push below Friday's low and we got a close back above the trendline. Price is being supported ahead of Trump's speech tomorrow. There's a possibility bulls can push back towards 2.500 this week. I am residing with slightly bullish on the Dollar until further confirmation....

Jadecap Updated 

There is a nice range here on Dollar Swissy with a break of the downward channel creating a shorter term upward channel. I am avoiding entries near fair value as we could head either direction within the range. I will be slightly bullish on this pair though the dollar is still facing resistance at 102.00.

Jadecap Updated 

The dollar and yen have both been on the rise so I expect that UJ can range some more unless we get more imbalance from the Dollar. I'm interested to see how Trump's new tax plan will effect the rate as well as the planned rate hikes this year. We could see some volatile moves. For the time being if we stay within the wedge I will be looking to go long as short...

Jadecap

Gold has finally gotten a break above the 1250 level. We are approaching overbought levels so I am expecting some pullback to the 1240 area before further upside. There is only slight RSI divergence which I do not believe is enough pressure to get us back under the support. The bullish sentiment on Gold and Yen have bee strong. As long as equities keep topping out...

Jadecap

The dollar has been waffling around the 99-102 range for most of 2017. Right now there is a nice pivot area below acting as support and a pivot area above acting as resistance with the range being fair value. I can see two possible scenarios playing out. 1) We get a break above 102.00 and retest support to continuation of the uptrend 2) The upward trend line...

Jadecap

I have been bearish on the Dollar for the past few weeks. Even with good US economic data the yields have been selling off aggressively breaking the wedge. My target for US yields is the weekly gap and I expect the dollar to fall below 100.00 in the coming weeks. I'm expecting a retest of the lower trend line on the yields and continuation of the bearish sentiment.

Jadecap

We have been trading within a nice wedge since Mid January. We finally got a breakout this week and a nice bearish engulfing bar. I'm looking for a retrace back toward 140.50 to find some price action and reentry short. UK yields have been falling hard and more money is flowing to safe havens like Gold/Yen due to the uncertain state of the global economy.