MKNAOMII

MKNAOMII

My recent published overview on FX pairs against USD does not mention the story behind AUDJPY cross. The story here seems to show investors are little interested in holding safety given centralized policies thus giving AUDJPY a similar pattern to overall risk assets, equities seem to mirror the trend most clearly. AUDJPY LEVELS : Resistance 77.74 -...

MKNAOMII

GBPUSD Given the fundamental narrative surrounding the BREXIT SAGA we continue to see this as the major catalyst of sterling. The technical rejection of the 1.3000 handle implies a confluent point at the multi-decade 61.8 trigger @ 12944 as the ultimate decision point. A considerable break and close below implies a move back toward June/July levels near...

MKNAOMII

EURUSD continues to remain in the inversion phase of distribution. Any continuation and break through near-term resistance @ 1.1745 gives way to a break out to upside levels not seen since late 2014. With 1.19019 as our first area to test. Failure to break higher exposed near-term retrace towards 1.15 handle where excess liquidity lies from the break higher...

MKNAOMII

We see DXY’s Short-term upside risk continuing to hold ground and probability. DXY continues to find higher closes above its accumulation range between 93.10-94.50. Failure to retain this and a crack towards 92.90 exposes a near-term flush towards 91.90 handle. Given the duration of the most recent accumulation phase, we see the Dixie pushing higher on a catalyst...

MKNAOMII

AUD has continued to find buoyancy among overall risk correlated trends. As we approach the end of the month we've seen little to no conviction at pushing AUDJPY or AUDUSD back towards recent highs. A break down below near-term excess implies and coincides with the potential squeeze higher on the USD. Thus giving more clarity and opportunity. **AUDUSD LEVELS...

MKNAOMII

As the trade war continues, we get closer to the DEC 15 deadline on the Chinese Tariffs. This uncertainty leads to disruption which leads to opportunity. We can embellish a technical break on either side of the coin, as long as our locations are properly mapped out. As a futures trader I focus heavily on TPO analysis and weight my strategies equally...