maglite55

maglite55

Can go either way on this one.

maglite55

- Multiple touches to break above 80

maglite55

We are coming to an interesting zone of strong support. DXY has been retreating over the course of this year. The only thing that will save the dollar will be ECB and how they jawbones the currency, given eur makes up a huge percentage of the DXY. Will need to be careful of potential bounces and manage risks accordingly. Best to wait for convincing breaks to change bias.

maglite55

Expecting some recovery on the DXY given the strong moves last week. Key area of interest will be 96.50 area. If It breaks and close above still need to clear 96.80 region of previous triangle. Overall still bearish on the USD.

maglite55

A possibility to drop further here. Also possible to retest 0.77 before falling. Going with the candles i would go with the drop 1st.

maglite55 Updated 

DXY seems to be still stuck in a bearish range. Not expecting big moves early part of the week

maglite55 Updated 

--Running into strong resistance / Doubletop --Possible US rate hike looming suggesting USD strength. --Likely to see a pullback and end to the impressive run so far.

maglite55 Updated 

Expecting a test of the 110 levels and a further decline. Maybe a double bottom bounce at major support

maglite55 Updated 

Moving down the time frames we stilll have negative bias for the NZD. After a doubletop rejection, we are waiting for a retest of trendline to go short.

maglite55 Updated 

AUDUSD ranging with bias to the downside. Would look for a retest of trendline to short. (Still below 200MA)

maglite55

Highlight area shows the range on a weekly and major areas to look at Based on the fib extension we are looking for a correction towards the trendline. 61.8 overextended towards 78.6 I will be looking for shorts from here.

maglite55 Updated 

This is a tricky pair given the recent GBP strength. Considerations for short - Double top rejection (daily) - Weekly trend line to the downside intact / Daily top rejection - JPY pairs reacting to Nikkei topping out. Due for correction.

maglite55 Updated 

Watching what this pair does. Recent weak us data may warrant a pullback.

maglite55

Trend is still bullish -Price still above 200MA / EMA still pointing up -Weak DXY chance of further capitulation if Trump tax plan fails to impress - Positive data pull along with Europe -Optimism high on UK data and politics target 1.31 Topside TP1 SL 1.27

maglite55 Updated 

I'm still bullish on this part but will see what happens. Definitely looking at a some correction after the big moves. Will be looking at 1.0910 topside target

maglite55 Updated 

Did not see any convincing breakup to warrant a long as yet Will look at this next week, current actions on retracing is weak and bearish

maglite55 Updated 

wedging for further consolidation and breakout. Will have to see what happens next. Need to see a convincing break above 1.26 to go long

maglite55

Good AUD and China Data against weaker usd strength 21 EMA pointing up if close above 200 EMA trigger to go Need to be patient on tis trade while it ranges in the yellow rectangle