TheOmega

TheOmega

EURJPY has an aligned bullish trend on the 4HR and Daily charts. The strong momentum at the start of the trading week is a good signal. Every other pair like USDCAD, EURUSD, GBPUSD are all taking a rest from their Daily trends. No take profits, trail your stop loss below PSAR.

TheOmega

USDCAD could be making a move down to 1.19250. The lower lows and lower highs shows that the pair has exhausted it's upward momentum and could be ready to drop just as quickly is it rose yesterday.

TheOmega

Short NU

TheOmega

SHORT NU

TheOmega

GBPUSD is showing bearish 4 HR divergence and bearish 1 hr divergence. GU is a pair to keep an eye on for a medium term short. I am waiting until the price action goes below the 1.5600 recent high and back into the RSI channel. I am also looking for a break of the support line on DiNapoli.

TheOmega

DiNapoli is still in the positive zone, but has made a triple touch on the descending trendline, adding to the bearish momentum and also creating a new resistance level. The price action on AUDUSD has done the same, past 12 hours shows bullish stagnation in the pair and a failure to make a new high over .80272, the previous peak made on May 8th. Currently the...

TheOmega

NZDUSD Short- Double top, break of DiNapoli Detrend

TheOmega

Short EURUSD- DiNapoli making lower lows, bearish trendline being respected, hidden Res being shown on 1 hour. Breaking down of 1.12300 will be a confirmation of the downside.

TheOmega

Short EURUSD Signal- Break of RSI channel, rejection of res level, price action trendline break to bearish side.

TheOmega

AUDUSD Insight Chart

TheOmega

EUR is bearish and the USD has stagnated. Translates to a bearish outlook for EURUSD short term.

TheOmega

The Japanese Yen's weakness can push further into bearish territory faster than the USD. Both are gaining bearish momentum, yet I see the JPY gaining into negative faster than the USD which will push USDJPY up to 121.900 this coming week.

TheOmega

The GBP is very strong, and gaining momentum. The bullish candle established on Friday at market close shows that the GBP is still powerful enough to keep it's momentum going. To confirm the bullish trading plan, the USD is very weak, and not looking very great. If the GBP does not gain upward momentum, then the weakness in the USD will surely move it up.

TheOmega

I see EURAUD as a short because of their individual currency strengths and weaknesses. The EUR currency has stalled at an important resistance level, and the AUD has retested an important support level and has stayed above it for over a week. The weakness in the EUR and stagnation but mild bullish sentiment in the AUD is going to drive EURAUD down to 1.3900.

TheOmega

AUDUSD Short- Recent range shows downward momentum with a near term target that will attract price like a magnet. That level is .078200

TheOmega

USL might make a strong move up at the starting this coming week. It has breached the previous high and closed above, and has entered a new zone in the bullish Gann Fann. Also the momentum is strong and above the value bands. The next medium term target can be 36.30.

TheOmega

USL might make a strong move up at the starting this coming week. It has breached the previous high and closed above, and has entered a new zone in the bullish Gann Fann. Also the momentum is strong and above the value bands. The next medium term target can be 36.30.

TheOmega

Hero has been pretty indecisive over it's direction recently, thanks to USOIL. USOIL has lost momentum has just formed a double top. There is strong downside potential for USOIL, and if it moves below 56.20, then HERO will will move down to 0.50 and maybe even 0.40.