Entry Price: 1.2595 Take Profit: 1.2680 Stop Loss: 1.2550 Direction: Buy
GBPUSD has bounced out of the ascending wedge pattern prior to the USD ADP employment change data, which predicts NFP. Technically the pair has broken the ascending wedge, which is a bearish price pattern, and the pair is looking to further downside.
USDCHF has bounced at support prior to the USD Redbook Index data, which is a sales weighted retail index that measures 9000+ stores. Technically the pair is holding above the daily trendline and we anticipate the midterm bull market to continue.
Our USDCAD signal hit SL. Although a losing trade, this strategy can withstand longer periods without a win.
Here is a position we currently hold open! USDJPY is trending to the downside, and we anticipate continued downside!
XAUUSD is capped by trendline resistance prior to the USD Personal Income data, which measures the income of all american citizens. Technically the pair is trending to the downside, and bouncing out of trendline resistance.
USDCHF is trading to the downside today prior to the USD personal income data which measures the total income for US citizens. Technically the pair has broken support and we anticipate continued downside into the next key support zone.
Entry Price: 111.85 Take Profit: 111.20 Stop Loss: 112.40 Direction: Sell
EURAUD has formed an inverse head and shoulders on the 1h chart prior to the EUR unemployment rate data, which measures the number of people unable to find employment in the Eurozone. Technically the pair has broken the neckline of an inverse neck and shoulders pattern, and we anticipate continued upside into the 1.6320 level.
GBPUSD has held support today, after yesterdays large sell off. Technically the pair has breached through the bollinger bands, and the RSI has generated an over extended signal, and we anticipate continued upside into the 1.370 level.
AUDJPY is trending to the upside prior to the JPY Retail Trade data, which captures the aggregate sales made through a business location (usually a store) in which the principal activity is the sale of merchandise and related services to the general public, for household or personal consumption. Technically the pair is holding the support trendline and technical...
USDCAD is trading to the downside prior to the CAD Industrial Production Price data, which measures price changes for major commodities sold by Canadian manufactures. Technically the pair has broken the ascending support trendline, and is now at resistance.
USDJPY has bearish divergence prior to the USD 7 Year note auction, which shows the yields on the US Government backed security. Technically the pair has been in a bull market, however the RSI is showing strong bearish divergence and the ADX has dropped showing the trend has lost steam. We anticipate a retracement into support.
AUDUSD is ranging currently prior to the AUD Retail sales, which measures the receipts for retail stores in Australia. Technically the RSI is rejecting bullish levels, and range resistance holds. We anticipate downside into the 0.7220 level.
Priuce has broken and retested the support trendline of a bearish flag. Will we see continued downside?
GBPUSD is trading to the upside prior to the USD 3 Month bill auction, which reveals the yield on the bill. Technically the pair is trending to the upside and has broken bearish structure, and we anticipate continued pressure to the 1.3780 level.
EURUSD is trending to the upside prior to the USD 3 month bill auction which reveals the yield on the US 3 month bill. Technically the pair has bounced from a key pyschological figure, and the rsi and MACD are both now pointing to upside. We anticipate continued upside into 1.17750.
USDJPY is cycling to the downside and has made a retracement back into resistance prior to the USD Michigan Consumer Sentiment data, which measures Michigan Consumers conviction in the American economy's health. Technically the pair is testing the broken support trendline as resistance, and we anticipate a lower high to be formed here, following the recent lower low.