With the Flynn investigation causing a major dip in the USD, then a correction from ABC news, passing of tax reform through the senate Saturday morning, and tax reform being the biggest bull driver in the market, I believe there will be a correction in the USD at the opening of market. Speculators and commercial traders will be positioning long on the US dollar...
CAD/CHF (strong/weak) analysis:
The Canadian loonie is due for a bullish retracement as this bullish Shark and AB=CD pattern are completing. Economically, the USD should be bullish this week from an anticipated interest rate hike as well as tax reform in the publics sight. With tax reform passing through congress and Roy Moore coming closer to securing a victory...
The Euro has taken a large dump recently and profit taking is about to set it. We have oscillator confirmation on the H1 and H4 timeframes as well as price reversing from the bottom Bollinger Band. Price is at a major demand level as this bullish Bat formed perfectly within a range. With the the Roy Moore vote today, tax reform in sights and huge bullish pressure...
After a large bullish drive for the CHF since 11/28, the CHF is reading oversold on most oscillators in the H4 timeframe as well as the H1 timeframe stalling and reversing just before. Along side this reading, the recent missile launch from North Korea has scared traditional safe haven investors out of the JPY. North Koreas geographic positioning to North Korea,...
