Marc_Hav

Marc_Hav

3 touches make a trendline. Today is the third touch from the July high TL.

Marc_Hav

If the break down is going to continue then this would be the place for it...

Marc_Hav

There is still a big option expiry at 1.1000 today that will probably be tagged right after NFP today. Risk is a spike down to 1.0980 area before the continued ascent to at least 1.13 over the coming days / weeks. Bulls will want to see daily closes to remain above 1.0950.

Marc_Hav

While above 1.0980 FX:EURUSD is still bullish. Ideal longs at 1.1020/30 for 1.1288/97. Subsequent targets at 1.1477/90. Longer term (June 2025) could see the 1.22 level.

Marc_Hav

Not sure what else I need to explain to you, just check out the chart, it should tell you everything.

Marc_Hav

The 4H fork symmetry of the median line and the bottom line of the fork tells me there is a good chance this will adhere to the ascending fork.

Marc_Hav

FX:EURUSD had a good run and need a healthy pullback to to at least reach the illustrious 1.1212 level in October 2024

Marc_Hav

OANDA:NZDUSD Long at the lower parallel 0.6090 targeting 100% fib ext at 0.6448 The NZD might be weak but the USD will be weaker.

Marc_Hav

Price should stay within the fork, probably until the US elections (and beyond?). US debt is unsustainable, at some point the piper needs to be paid.

Marc_Hav

Nothing more to add but Tradingview forces me to make a longer desciption...

Marc_Hav

Forks rule :-)

Marc_Hav

Also $USDCNH pulling back, triple top?

Marc_Hav

Big chance it will fall out of the fork... lots of downside possible

Marc_Hav

Just my opinion

Marc_Hav

$EURUSD - Yearly Open at 1.1445 is next

Marc_Hav

Textbook stuff

Marc_Hav Updated 

$DXY could still have a tag and / or close above 97.87 (61.8% Fib from entire July 2001 - March 2008 move down). Do think the time is very near for a substantial drop. Trump pressing Fed, Trillions of $ in debt, can't end well.

Marc_Hav

Price is testing the 78.6% Fib (Kiwi LOVES that Fib level) from the Aug '15 low to the July '17 high for the second time. If this level holds then we could see prices recover to 0.75 and higher. Fed signalling one to two rate cuts in 2019 might keep the RBNZ on hold this year.