capitalpropertiesfx

capitalpropertiesfx

USDCAD pushed higher from a level that has been a starting platform for massive moves higher. Probably, we will not see any follow through today but it is worth tracking next week. Time will tell.

capitalpropertiesfx

Ahead of NFP USDJPY has managed to stay above 102.00 level and right now is consolidating around 102.30 level, which was an important resistance. Since we briefly took out 105.00 the pair has been moving side ways in a fairly large range (approx 460pips) and since there has been no decisive moves I'm starting to suspect that we might be in a contracting triangle....

capitalpropertiesfx

ECB presser is over and EURO is showing its real strength and willingness do go higher what ever the circumstances. If we should break the 1.3640/50 area I strongly believe that 1.3700 and a bit more will come quickly and perhaps NFP will contribute to that goal. However it is too early to say how much higher we can go from here as more time is needed to make any...

capitalpropertiesfx

GBPUSD has been consolidating in 90 pips range for more than a week. Ahead of BOE we are still in a well defined range and probably we will not see any change in BOE policy. This means that me stay in this range for sometime to come. However, if we should manage to break the downward channel to the upside (red-dotted lines) then the first resistance to look for...

capitalpropertiesfx

Very short-term setup. We might have some sort of H&S there. Though, I wouldnt jump to the long side just like that as ECB presser just is around the corner but I wouldn't ignore this one either.

capitalpropertiesfx

Euro remains under pressure which shouldn't be much of a suprise as the main event is getting closer (ECB presser). I'm looking lower values and even below 1.35. However, I remain bullish on bigger picture and the final target is still 1.40. Of course the bullish outlook may change during the presser as nobody really knows what the ECB is planning. I've heard...

capitalpropertiesfx

USDJPY has managed to stay above 102.00 level for almost 2 days. Another push higher to 102.70/90 area could take out short-term shorts and the price may find even more bids there and push higher fast and furious. But first, we need to get there. Watching closely.

capitalpropertiesfx

EURUSD is fairly mixed and I'm watching 2 scenarios and both of them are pointing to the upside eventually. Scenario 1 suggests that the Falling Wedge is done, re-tested and time go up. Unfortunately - it doesn't look that likely right now. Scenario 2 suggests more downside but NOT very much - 1.3550 or maybe a bit lower. Right now, I find the 2nd scenario to be...

capitalpropertiesfx

My original idea in AUDUSD (see related ideas link) suggested a new low before moving higher. Unfortunately it didnt happen and we moved higher with out taking out that possible triple bottom. However, now we have returned (almost) to the area in question and the scenario is back on the table. I remain bullish on bigger picture but I want to see those lows taken out.

capitalpropertiesfx

Last week AUDNZD broke out from a potential triangle and now is slowly drifting lower towards the re-test area. I would really like to see a proper re-test before making my decision about trading this pair. If we get a nice bounce off that trendline, then a long position might not be such as bad idea.

capitalpropertiesfx

Last week price managed to reach 102.00 level but immediately bears pushed it lower. Right now we are approx 22 pips away from 102 level and I suspect that it will stay as key level until NFP. Another thing that is worth mentioning is the fact that we broke and possibly re-tested an important trendline. If this re-test is valid, then bears should be in control...

capitalpropertiesfx

We all know that next week is going to be extremely important for eurusd. On Thursday we will hear what kind of steps ECB is going to take, to save EZ from deflation. Looking @ the chart, I remain bullish on longer-term outlook but in short-term thing don't so good for bulls. I don't know what is going to happen on Thursday but another spike lower on the rate cut...

capitalpropertiesfx

USDCAD bounced ~~35pips higher after the Canadian GDP release and probably will consolidate until the end of the day/week. However, next week I'll be watching this one as I suspect we might have a triangle there in terms of EW. I know it is far fetched right now but the overall structure seems corrective to me and hence I would like to see a triangle to finish the...

capitalpropertiesfx

EURCAD is showing 2 equal legs to the downside + we might have some sort of wedge there. Whatever the case is, this pair could show some volatility later today when the m/m Canadian GDP numbers are released. I'm not looking to short the pair even if it takes the lows. I'm hunting for bullish clues to establish long positions. Time will tell. Watching.

capitalpropertiesfx

There are some clues that this pair might be done with the downside for now. I definitely do not recommend buying lows here but I would keep my eyes open for any bullish signs. We have reached a former support area - very small though but it could do the job together with the measured 50% move shown on the chart. If we want to see any upside movement at all, we...

capitalpropertiesfx

AUDUSD is moving higher, NZDUSD is consolidating (and looks bearish) and this means that AUDNZD has a potential to fly to the Moon. But be aware - we may see a re-test of the triangle. Otherwise I like the setup.

capitalpropertiesfx

Finally NZDUSD managed to break that multi-month support area. But can we call this situatsion a "Bear heaven" ? Not sure to be honest. This support level held for quite some time and to verify the break I would like to see a re-test and a failure. Otherwise this could be just another false breakout. I will be watching this pair for a bit before making my decision.

capitalpropertiesfx

I'm looking @ 2 scenarios. Both to the upside eventually. Scenario 1 suggests more downside and Scenario 2 suggests a break higher and no more pain for bulls but we must stay above 1.3558 as break lower would invalidate both scenarios.