uptime919

uptime919

Crude oil inventories-12,788M vs -2,540M forecast. Yen and Dx softer through thia week. U.S. GDP tomorrow but watch price index as the dollar has followed that recently more than GDP itself. Short term target $1.3060 Nov 5th low with further breakdown test the 200ema Weekly around $1.2850

uptime919

Gold has been hot for about a month now posting up to 8% Daily is possibly forming a shooting star, risk aversion seems swayed with Yen making some downside moves after BOJ maintains 1-3-year Japanese Government Bond (JGB) buying at 350B Yen while 3-5-year JGB buying was also maintained at 400b yen & being overbought. Support found near the Daily 20ema/20rsi @ $1,365.

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Nzd current account beat expectations and is off to a bullish start after optimism with Trump/Xi talks. Nzd Gdp tomorrow and BoJ interest rate decision as well. Short term tsrget $71.35-$71.60(1D 20ema-38.2% retracement)

uptime919

Extreme oversold conditions 4h.

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Aud oversold 4H and time for a Yen cool down

uptime919 Updated 

U.S. PPI YoY 1.8% vs 2.0% . USOIL up 1.26%

uptime919 Updated 

Currently have an Audusd buy from $.6927 tp $.6945(61.8% 30m) short term

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4h Eu bearish hammer , target $1.1170 market open gap down

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Risk sentiment is picking up and Yen bull flag activated, oil dropping over 2+% today so putting pressure on the loonie, having 2 small red candles daily under its 200ema(D6M2019). With little catalyst supported cad while its near overbought conditions i will target $80.80(76.4%) short term on this pair . Keep an eye on Crude oil inventories for Volatility

uptime919

Aud has been resilient last week and has yet to feel any effects of the rate cut or the sub par economic data that has been coming in. China's lack of imports has started to take effect of Aud and Nzd, Yen had a gap down but was able to finish in a green doji inside of the bull flag possibly a bullish abandoned baby. Aud NAB business confidence should bring some...

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Antipodeans under pressure as China trade balance surges because of weak imports

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DX still under pressure despite the gap up over the weekend from profit taking against negative swaps. Jpy Gdp beat expectations by .1% and current account also came in strong to top of the bull flag on Yen 1D

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4H We are sitting in a bear flag with a possible bearish abandoned baby. Keep an eye on the Volatility from jpy gdp for a good entry

uptime919 Updated 

There was a 3% spike in USDMXN last week as Trump threatened tarrifs on MXN goods. There has been a fresh deal to prevent the tarrifs and with a softer USD coming into the week i see a nice downside move if not even a gap down. Tweezer tops daily and weekly a long legged doji after failing the 61.8% retracement. Downside could be supported by the 1D 32.8%...

uptime919 Updated 

Risk sentiment has been lower with Dx finding yield to the downside. U.S. Average Hourly earning slip along with Unit labor costs QoQ(-1.6%) , NFP missed expectations by a long shot , ISM Manufacturing Pmi growth slower than expected and the fed proved they arent shy of cutting rates this year. Daily and Weekly gold has broken out creating new recent highs and...

uptime919

Oil has been chopping up and down in the past few weeks due to worries of global slowdown and question on demand. Here we have a classic 3 inside up pattern Daily, Bulls look to capture the 1D 38.2% retracement ($55.60) - 20ema ($57.10) - $58.76 (4h 200ema/1D 61.8%) - $59.60 (1D 200ema) -$60.60 ( Right below the 76.4% 1D/61.8% 1W). Keep an eye open for Api...

uptime919

My target from this current formation is the 76.4% retracement Weekly ($95.85)

uptime919

Aud has held strong despite the historical low interest rates from the recent .25 cut by the RBA. Unlike its fellow antipodean Nzd which took a major hit while risk sentiment was percieved to be much higher to investors last month.The past 2 months Gold is up 5.4% feeding the risk off sentiment and also iron ore contracts up 39% on the year helping the commodity...