flexxfx

flexxfx

USDCAD is currently flirting with the upper band of the weekly channel. At this point a decent pullback is probable. However, USDCAD is a strong upward trend and therefore a short confirmation on lower time frames is recommended. A break above current level will expose 1.4768

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USDCAD is pushing towards weekly strong resistance trend-line. Currently, highly overbought and pushing for new highs. USDCAD is likely to top at 1.4234 (watch for a spike to this level). Also, oil appears to be bottoming at the current price level which will highly boost CAD and USDCAD short

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USDCAD is at a critical point, a break above this level could give way to 1.45. A break below will lead expose 1.1 levels. My short term bias is short for a pull back while waiting for confirmation to go short

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This is the level I have been waiting for to short USDMXN. I shall place a tight SL above the high of today

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Watch the 0.786 fib for a bounce and as a possible reversal point. RSI pointing to oversold.

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DXY is at two key resistance areas. Price will bounce or break aggressively at this level. However, I am for a pullback at this level or a reversal of the uptrend formation

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Rising wedge with weekly resistance and on overbought territory

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Highly overbought USDSGD has entered an area of great resistance. Channel analysis shows that the pair will max out around the 1.3883 handle

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Probable sell at the top of the channel. Highly overbought

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Bottom of channel and in oversold region

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Strong weekly resistance for USDJPY, good opportunity to short

flexxfx

USDMXN is currently at a strong support level. A decent pull back is likely at this level before the downward trend resumes

flexxfx Updated 

Watch out for the big drop in USDCAD in coming days. First drop of 500 pips to bottom of current channel. Further drops to the bottom of second channel

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EURNOK underpinned by rising wedge on weekly chat. Big fall ahead through 2019

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USD poised to drop to the bottom of the expanding triangle. Huge Risk Reward ratio. Place stop a few pips above the upper line and keep locking profits to the bottom of the channel

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The daily candle pattern shows that the bearish momentum has been fading down over the last three days. At this point, its plausible that EURNZD could pullback or reverse to the 0.7100 mark. If price pushes down at this price, it will give us an opportunity to buy at the next level down. Analysis is based on parallel lines.

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A sell on USDMXN at this point could be plausible. Look for entry confirmation/validation on lower time frame to enter as the daily candle looks bullish. Good Luck

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EURJPY could push down to complete a ABC corrective pattern before breakout. The longer time trend is long confirmed on longer time frame. For buyers at current price - watch for a decisive break above 129.40 to go long.