minyangshi9409

minyangshi9409

Sterling has failed to break out the resistance at 1.3100 three times. It's suppressed by the uncertainty of Brexit and supported by the weak US dollar. Unfortunately, sterling will complete the double tops in the chart.That should confirm completion of rebound from 1.2775. At once it breaks out the support at 1.3050, further decline should be seen to 32.8%...

minyangshi9409

Gold is suppressed by the down-trend line. Unfortunately, gold will complete a head and shoulders term pattern.That should confirm completion of rise from 1302.70. Further decline should be seen to 78.6% retracement of 1302.70 to 1346.85 at 1312-1314 next. On the upside, though, break of 1332 will turn focus back to 1341 resistance instead. The target is 1314....

minyangshi9409

The governor Poloz indicated he was in no rush to resume monetary tightening, saying that while interest rates needed to move up into a neutral range over time the path back was now “highly uncertain.” His tone is more dovish than market expects, which suppresses Canadian dollar. Currently, it's forming a new butterfly pattern of rebound from 1.3153. Temperate...

minyangshi9409

Sterling failed to break out the resistance at 1.3100 coz of the uncertainty of Brexit and less dovish FOMC. Unfortunately, sterling will complete a head and shoulder term pattern.That should confirm completion of rebound from 1.2790. Further decline should be seen to 61.8% retracement of 1.2790 to 1.3110 at 1.2900 next. On the upside, though, break of 1.3060...

minyangshi9409

Euro failed to break out the resistance zone between 1.1345-1.1355 coz the economy is worse than ECB's expectation and FOMC is less dovish than expectation. Unfortunately, Euro will complete a head and shoulder term pattern.That should confirm completion of rebound from 1.1275. Further decline should be seen to 61.8% retracement of 1.1275 to 1.1370 at 1.1312 next....

minyangshi9409

AUD/USD’s sharp decline today suggests that recovery from 0.7054 has completed at 0.7206 already. Intraday bias is cautiously back on the downside for 0.7054 support first. Decisive break there will complete a head and shoulder term pattern (ls: 0.7235, h: 0.7295, rs: 0.7206). That should confirm completion of rebound from 0.6722. Further decline should be seen to...

minyangshi9409 Updated 

EURUSD is in the 1.1340-1.1360 range sideways. The resistance is at 1.1370 in short term. However, the space of dropping is limited. Because the RSI indicators show it is supported by up-trend line. The target is 1.1295. Turning point: 1.1370. Under 1.1370, bearish , target price is set at 1.1325, then 1.1295. Above 1.1370, bullish , target price is...

minyangshi9409 Updated 

Euro rose up coz of weak US dollar , not it's good economy. Draghi will maintain the dovish attitude to the monetary policy and won't change it until summer in 2020. It has formed 2 tops in chart, which means its rising motivation is decreasing. If it is stably supported by 1.1315, it'll try to touch 1.1370 again. The target is 1.1370. Turning point: 1.1315....

minyangshi9409 Updated 

AUDCAD is supported by 0.9440, and there's the pin bar which is the signal to reverse the trend. Additionally, it's supported by the up-trend line on RSI indicators. However, it's facing the strong resistance at 0.9480, the climbing motivation is limited. The target is 0.9480. Turning point: 0.9440. Above 0.9440, bullish , target price is 0.9460,then 0.9480....

minyangshi9409 Updated 

Although the employment data released today morning is outstanding, WESTPAC still forecasts RBA will cut the rate in this August and November. It makes Aussie dropped over 60 pips after the data. Aussie is still weak in G10 currencies. It has strong support at 1.5820, it's likely to rise after forming the 3rd triangle. The target is 1.5930. Turning point:...

minyangshi9409 Updated 

Although the employment data released today morning is outstanding, WESTPAC still forecasts RBA will cut the rate in this August and November. It makes Aussie dropped over 60 pips after the data. Aussie is still weak in G10 currencies. Aussie will continuously rise against most major crosses in short term, helped by continued buying in the Chinese yuan and firmer...

minyangshi9409

The sterling is forming the right shoulder. If it formed, it'll failed to break out the resistance at 1.3060. However, the space of dropping maybe is limited coz of weak US dollar. The target is 1.2980. Turning point: 1.3060. Under 1.3060, bearish , target price is 1.3010, then 1.2980. Above 1.3060, bullish , target price is 1.3100,then 1.3130. Even if we...

minyangshi9409 Updated 

Aussie keeps strong coz of weak US dollar. The market has made the consensus that FED won't rise rate until the latter half year. Aussie is stably supported by 0.7100. However, the fundamental economy of Australia is under the risk of slowdown in economic growth.Today’s employment report is unlikely to see financial markets abandon the view that the RBA will need...

minyangshi9409 Updated 

Currently, Canadian dollar is supported by the climbing oil price. However, we must pay attention to the scandal of Trudeau's cabinet. Whether Trudeau really accepted the bribery of LAVALIN will affect the Canadian election coming few months. If the Liberal Party fails, the Canadian dollar will be greatly affected. The target is 1.3330. Turning point: 1.3265....

minyangshi9409

The target is 1.3155. Turning point: 1.3100. Above 1.3100, bullish , target price is 1.3100,then 1.3155. Under 1.3100, bearish , target price is 1.2940, then 1.2890. Even if we can't rule out the possibility of continuous adjustment, its time should be limited. Prior Strategy:

minyangshi9409 Updated 

Although Aussie is very weak after Lowe's dovish tone last week, we still keep optimism to Aussie in Q1 and Q2. Because FED lowers its pace to raise rate and price of iron ore is climbing will support Aussie. Currently, it's supported by the up-trend line. However, on long term, we agree that Aussie will be bearish in 2019 coz the real estate is likely to to be...

minyangshi9409 Updated 

AUDCAD is supported by 0.9430, and there's the pin bar which is the signal to reverse the trend. Additionally, it's supported by the up-trend line on RSI indicators. The triangle is forming, it's likely to climb. The target is 0.9460. Turning point: 0.9430. Above 0.9430, bullish , target price is 0.9445,then 0.9460. Under 0.9430, bearish , target price is set...

minyangshi9409 Updated 

GBPNZD is facing the residence at 1.8925 which is 0.618 of the Fib. If it succeeds to break out the residence, the bullish signal will be clear and it'll test 1.9100 soon. It's the the fifth wave of this correction. Otherwise, it's the second top of this correction and will drop again. The employment data released in 1 hour will give the clear signal. The...