UnknownUnicorn261897

UnknownUnicorn261897

Hello traders. USDJPY is set to hit 115 by Q2, but by the looks of things this may very happen sooner rather than later. As such, dips will be viewed as value buying opportunities until upside targets are hit or proven otherwise. I hope this information is useful to both short-term and long-term traders in determining major market direction. Enjoy and remember...

UnknownUnicorn261897

Hello traders. USDCAD is set to reach the 1.40 area by Q2 by various institutional research. As such, dips will be viewed as value buying opportunities until proven otherwise. I hope this information is useful to both the short-term and long-term trader in determining major market direction. Enjoy and remember to follow!

UnknownUnicorn261897

USDCAD held today above s1 at 1.36 while OIL remained below $47. Fundamental conditions remain the same prior to the Friday reversal on USDCAD and OIL so technicals should continue in their overall direction. Imminent upside target on USDCAD is 1.3822/40 while longer-term targets go as high as 1.39/1.40. Enjoy!

UnknownUnicorn261897

AUDUSD is currently trading below s1 at .7400. View remains neutral however until we get a sustained break below s2 at .7368. If price can manage to sustain itself below s2 then eyes go down to s3 at .7331. Pressure remains to the downside below r1 at .744. Enjoy!

UnknownUnicorn261897

USDJPY is now in a moment of consolidation, but still with pressure to the upside. A sustained break above r1 is required to resume the uptrend. Remain mindful of dip buying down at support levels below given the upside momentum on this pair. Enjoy!

UnknownUnicorn261897

The pressure is still currently to the upside on GBPUSD so buying opportunities are key support levels are preferred. A break out and hold above r1 will signal further upside putting sights up to r2 and then r3. Enjoy!

UnknownUnicorn261897

At this time EURUSD is neutral. Until we get a break and hold above r1 we cannot be sure of further upside. Similarly we cannot be so sure of any massive sell-off with the possibility of dip buyers coming in down in some of the support areas below. Enjoy.

UnknownUnicorn261897

Hi traders. The pressure is still clearly to the downside on NZDUSD despite Friday's reversal off the s1 lows at .684, for that reason selling opportunities are preferred. It will take a convincing move above s3 at .7053 to signal a possible trend reversal so until then we bet on lower highs. The .68 figure is the next downside target with the possibility of a...

UnknownUnicorn261897

Hi traders. In response to my previous post regarding further upside on USDJPY, this chart clearly shows the breakout pattern. Think about it... the first two touches of the trend were unpredictable as there was no basis to draw a trend line yet. A minimum of two touches is required to establish a trend line and the third touch is the one that retail traders get...

UnknownUnicorn261897

Good evening traders. Thursday's trading saw some profit taking off the 113 handle and trend line resistance which resulted in a rather quick reversal on the USDJPY 0.17% . This reversal attracted many retail traders into getting short, which I am inclined to believe was intentional. As such, I am expecting to see a pop to the upside above the 113 highs with...

UnknownUnicorn261897 Updated 

Hello traders. Just posting this to remind you all that USDCAD is still very bullish and buying opportunities are preferred. The CAD is extremely weak for many reasons, none of which have become better in the last 24 hours. With all the present factors putting weight on the CAD still present, it is highly probable that this is nothing more than a corrective...

UnknownUnicorn261897 Updated 

Good evening traders. At this time buying opportunities are still preferred on AUDUSD. We have two here below... Australian CPI data has caused a spike down into the .7548 figure which is a trade already activated. If the .7548 figure is invalidated see further support at .7519. It is up to you how you decide to trade the .7519 figure, but I suggest setting a...

UnknownUnicorn261897

Good evening traders! Earlier today we took a long trade at the 1.3115 figure which we booked 45 pips on, but ran to hit out 50 pip target. This is shown below: As it appears selling pressure resumes we will be looking to the 1.3 figure for a potential buy. It is up to you how you decide to trade the level, but I advise setting a buy order near the figure...

UnknownUnicorn261897

Good evening traders. Earlier today we took a successful short-term short trade on this pair as shown below: You will see in the trade updates that it was closed with about 40 pip profit. With the buying pressure holding we are expecting to see another push to the upside. A rally up into the 1.2775 figure will likely be matched with swift selling. It is...

UnknownUnicorn261897 Updated 

Hello traders! Strong selling pressure came in off the high off the day at 1.2545 Below the level will see further consolidation/downside. An aggressive move above the high will be needed to regain upside momentum. I will be looking to fade the highs. How you setup your entry, stop, and exit is up to you, but I suggest fading the high and using a 40-50 pip...

UnknownUnicorn261897 Updated 

Good day traders! The 1.3115 figure marks some key support where institutional buyers may be interested in adding to longs. A dip into the figure may be matched with swift buying. It is up to you how you set your entry, stop, and exit, however I suggest buying at the figure with a 40-50 stop loss and look to get whatever you can on the profit side. Enjoy!

UnknownUnicorn261897

Good day traders! The 1.0851 figure marks some strong institutional resistance. A rally up into the figure may be matched with swift selling. It is ultimately up to you how you decide to setup your entry, stop loss, and exit, however I suggest selling at the figure with a 40-50 pip stop loss and look to get whatever you can on the profit side. Enjoy!

UnknownUnicorn261897

Good morning traders! Despite the fact that the pressure is to the downside on xxxJPY pairs at the moment, we may still find short-term buying opportunities if good ones present themselves. The 121.4 level marks some decent short-term institutional support where some some indecision is likely. Even if the level is eventually broken it will be very likely to...