JinDao_Tai

JinDao_Tai

29th August DXY: Could trade higher, needs to break above 101.20 (61.8%) to retest of 101.60 NZDUSD: Retracing down, look for reaction at 0.6220, Buy 0.6235 SL 25 TP 60 AUDUSD: Buy 0.6815 SL 20 TP 40 GBPUSD: Could trade up to 1.33, look for reaction at the strong resistance level. EURUSD: Sell 1.1085 SL 40 TP 85 USDJPY: Sell 144.80 SL 40 TP 140 USDCHF:...

JinDao_Tai

28th August DXY: Trading along 100.80, could trade lower to 100.55. If support level not broken, could range between 100.55 and 100.90 NZDUSD: Buy 0.6290 SL 20 T 70 AUDUSD: Looking for a break of resistance, Buy 0.6810 SL 20 TP 40 GBPUSD: Could trade up to 1.33, look for reaction at the strong resistance level. EURUSD: Could range between 1.1160 and 1.12 ...

JinDao_Tai

ETHUSD has been trading within the range of 2526 to 2826 since early August. Currently, as BTCUSD spiked lower, it seems to have dragged ETHUSD down with it. (also likely due to the current recovery in strength on the DXY) Similiar to the BTCUSD, there could be a brief consolidation/retracement on ETHUSD before a continuation lower to the 2300 price...

JinDao_Tai

BTCUSD has quickly reversed from the 65,000 resistance area, which was tested on Monday this week. This move lower is not due to any major news but likely due to technical levels and its correlation with the DXY. A recovery in strength on the DXY traditionally leads to downward pressure on risk assets like cryptocurrencies. Today, the reversal broke through...

JinDao_Tai

27th August DXY: consolidating along 100.80, needs to stay below 101.10 to maintain bearish sentiment, breaking 100.80 could trade down to 100.55 NZDUSD: Buy 0.6230 SL 20 TP 45 AUDUSD: Look for reaction at 0.68 (CPI Pending) Sell 0.6740 SL 25 TP 45 (Tomorrow) GBPUSD: Buy 1.3225 SL 35 TP 70 EURUSD: Buy 1.1180 SL 25 TP 70 USDJPY: Wait for retracement to...

JinDao_Tai

26th August DXY: If IHS forms and break 100.80, could trade up to 101 and 101.10. If 100.80 holds as resistance, could trade down to 100 (if 100.50 is broken) NZDUSD: Buy 0.6225 SL 20 TP 50 AUDUSD: Buy 0.6810 SL 20 TP 75 (Hesitation at 0.6850) GBPUSD: Buy 1.3190 SL 40 TP 100 EURUSD: Buy 1.1175 SL 20 TP 75 USDJPY: Sell 143.25 SL 30 TP 100 USDCHF:...

JinDao_Tai

22nd August DXY: Needs to break 101.10 to trade down to 100.80 (strong support), could range between 100.80 and 101.60 NZDUSD: Buy 0.6170 SL 20 TP 45 AUDUSD: Looking for reaction at 0.68 resistance level GBPUSD: Buy 1.3060 SL 30 TP 75 EURUSD: Buy 1.1100 SL 30 TP 60 USDJPY: Sell 144.40 SL 50 TP 100 USDCHF: Sell 0.8490 SL 20 TP 40 USDCAD: Sell 1.3570 SL...

JinDao_Tai

21st August DXY: Look for retracement to complete, continuation of the downside, below 101.30 could trade down to 100.80 (hesitation at 101.10) NZDUSD: Buy 0.6170 SL 20 TP 45 AUDUSD: Looking for reaction at 0.68 resistance level GBPUSD: Buy 1.3055 SL 40 TP 80 EURUSD: Buy 1.1150 SL 30 TP 100 (hesitation at 1.12) USDJPY: Wait for retracement to complete...

JinDao_Tai

If the EURJPY breaks below the 38.2% fibonacci retracement level, this could signal further downside potential. This would also somewhat nullify the potential inverted head and shoulder pattern forming. If the price breaks below the 162 price level, look for the EURJPY to potentially trade down to the 160.50 price level.

JinDao_Tai

Looking at the AUDNZD reacting to the 61.8% Fibonacci level (which also coincides with the bullish trendline) If the price rises back to the 1.0990 price level, this could bring the AUDNZD back within the range since August 14th

JinDao_Tai

20th August DXY: Retracing, needs to stay below 102.10 for continuation to downside. Below 101.80 could trade down to 101.45 NZDUSD: Buy 0.6165 SL 20 TP 50 AUDUSD: Buy 0.6735 SL 25 TP 60 GBPUSD: Look for reaction at 1.3040 resistance EURUSD: Could retrace down to 1.1045, Buy 1.1055 SL 20 TP 70 (hesitation at 1.1090) USDJPY: Sell 146.80 SL 40 TP...

JinDao_Tai

19th August DXY: Looking for reaction at 102 support, needs to stay below 102.35, beyond 102 could trade down to 101.45 NZDUSD: Buy 0.61 SL 20 TP 50 AUDUSD: Buy 0.6720 SL 25 TP 75 GBPUSD: Retest 1.29 Buy 1.2915 SL 25 TP 55 EURUSD: Sell 1.0985 SL 25 TP 90 USDJPY: Wait for retracement to complete, Sell 146.80 L 40 TP 150 USDCHF: Sell 0.8610 SL 20 TP 50...

JinDao_Tai

15th August DXY: Possible Inverted Head & Shoulder forming (retail sales data pending), price above 102.70 can trade up to 102.90. Below 102.45, invalidates IHS, could trade down to 102 support. NZDUSD: Sell 0.5985 SL 20 TP 40 AUDUSD: Likely range bound, Buy 0.6585 SL 20 TP 60 GBPUSD: Buy 1.2875 SL 25 TP 60 EURUSD: Sell 1.0990 SL 20 TP 45 USDJPY: Could...

JinDao_Tai

Currently trading just under the 2475 price level, with the US CPI due to be released later Look for possible downside on the DXY which could, due to its inverse relationship, drive gold higher. If the price breaks above the 2480 price level, the next resistance would be at 2500 as a round number and psychological barrier.

JinDao_Tai

If the GBPJPY stays in the current consolidation or stays below the 190 price level Look for weakness in the DXY to drag the USDJPY lower, which could present downside opportunity for the GBPJPY as it breaks the bullish trendline and the support level of 188

JinDao_Tai

The EURGBP spiked up following GBPUSD weakness from the release of the CPI data. Currently trading along the 50% retracement level, look for the price to break above to trade up to the resistance level of 0.8625

JinDao_Tai

If the NZDUSD continues to weaken (due to RBNZ surprise rate cut) and the AUDUSD holds/strengthens... Look for the AUDNZD to break above the 61.8% fib retracement level for further upside to the swing level at 1.1145

JinDao_Tai

14th August DXY: CPI data pending (below 3%), break below 102.50 could trade down to 102 support level. NZDUSD: Buy 0.5990 SL 20 TP 90 AUDUSD: Buy 0.6660 SL 30 TP 60 GBPUSD: Buy 1.2875 SL 25 TP 60 EURUSD: Buy 1.1025 SL 30 TP 100 USDJPY: Sell 146.20 SL 40 TP 200 (needs to stay below 148) USDCHF: Sell 0.8625 SL 30 TP 60 USDCAD: Sell 1.3700 SL 20 TP 45 Gold:...