Pound has crossed into bearish territory via the daily timeframe and remains in a bearish landscape via monthly time frame. Looking for an entry on the 4hr time frame. Anticipated price target is listed below on the chart.
Appears that USD still has steam left and its shows in the charts. Per monthly timeframe, we are in a bearish landscape but there is room for growth with the bulls. Daily and 4hr, we are entering a bullish landscape if price climbs above the zone illustrated. Once price closes above the zone, my next target is listed upon top for the expected destination.
Euro is struggling with Asia at the moment according to global news. With Euro under pressure, I I am looking for a short with EJ. Seeking a lower low for a short entry and zones are displayed for my areas of interest for structure.
Waiting for price to signal a short entry for a retrace on the 4hr timeframe. Entry only valid if "lower low" is present. USA economy is showing strength in data which supports my short bias compared to Eurozone.
Sharks are coming and they’re looking for food! Looking off a break through resistance for a potential higher high, in order to consider a long position. If all goes well, should be a nice ride for the shark to the top to capture the swimmer.
Price is looking sleepy and with some underwhelming news from the Eurozone as of late, looks like a short is in the future.. Looking for a break of the support level shown to short price with a target at 1.06440… Let’s see what the news brings us!
Plotted some more structural levels to display my pathway idea..
Seeking a pullback to resistance level, then a breakthrough support for a short opportunity. Fundamentally, RBA indicated that they’ve reached their limit for rate increases and they’re where they want to be monetary policy wise. Flip side, FED has hinted at more increases in the future, however many spectators are counting on one more to come.. This supports a...
This week we have some important news coming from BOE. Will they raise their rate for policy? On the technical side it sure looks like it to me. My next heavy level of interest is displayed in the 1.305 zone above. Price looks very strong at this point.
EU is on my radar for a pullback for a long entry following a higher high. Looks like some massive consolidation in an ascending wedge but price can also break out to the upside considering future plans of rate hikes for ECB… I will be watching to determine if I can enter this coming week when the opportunity presents itself..
We know the UK is still struggling with inflation with rate hikes in the future and it shows. Price has broken an extremely strong resistance level and still looks strong for more growth. My levels of interest are displayed.. Enjoy the trend
I have a bearish bias for DXY and just like everyone else, I look forward to the FOMC release. Here are zones of interest for the decline of price as a roadmap. The zones are just approximate locations for where price may slightly bounce off during travel. There is an also a possibility for price to proceed past the last zone in the trend.
Here are my next levels for Aussie. Price has broken through a strong level of resistance, which supports the recent surprise rate hike… This looks like a trend forming and it looks good!
I have a contrarian bias of a bullish push up for Sterling. With a good outlook of more rate increases to come, the Sterling has a potentially stronger future, compared to USD which is showing cracks in strength. I believe USD is on the verge of being weaker in the near future, possibly following the upcoming FOMC..
Fundamentally, Sterling is set to receive more Rate Hikes in the future as the BOE tries to contain inflation. BOC on the other hand appears to be Dovish for rate hikes through 2023, although the economy does appear to be stabilizing. Technically, this pair is still within a bullish landscape and this chart illustrates a dip between bull runs. I am looking for a...
Price has not only broken a strong cloud support level but also broke two strong support levels on the daily time frame. What am I looking for? I am looking for a lower low to enter a short to the next level below. Euro has a weak Economic sentiment and appears the dollar is due to be stronger in for coming weeks…
Price has ripped through a resistance level and I’m looking for a completed pullback with a higher high level of price for an entry on 4hr time frame. Japans inflation is still rising but the Central Bank is known to be dovish for policy.. Meanwhile, USD is still showing strength..This pullback may be steep, so I will monitor price in coming days.. Long Bias
Fundamentally, RBA had a surprise rate increase but data is showing weakness in Aussies economy, which may lead to a dovish central bank in the future. Meanwhile, USD has signs of strength although the Fed seems to neither hawkish or dovish at this time. USD doesn’t appear to done with its rally with the bulls. Technically, we have a bearish engulfing candle on...