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Yellen's hawkishnedd is definitely
Yellen's hawkishnedd is definitely shaking up the world of currencies the yen is getting smashed, continueing to fall away from the major horizontal lines i have drawn.
As for the euro, its falling away from its own topping pattern, as it continues its march to parity.
What about equities ? Lifetime highs, of course
As for the euro, its falling away from its own topping pattern, as it continues its march to parity.
What about equities ? Lifetime highs, of course
Thw Swissy has an intresting set up
ABC wave looking fairly likely to take shape.
EMA crossover should see the B leg complete properly.
Long-term trend line should cap downside risks at the end of the wave.
The swissy has an interesting set-up developing which could lead to both some upside and downside trending opportunities over the coming weeks. In the near-term, gains could continue to be posted all the way back up to the 1.0187 handle. In the medium-term however, we could see the USDCHF sinking back to test the trend line ar…
After short rally which made higher
In this post i would like to update the outlook on the US Dollar as it is been testing critical support since breaking out from its nearly 2 years horizontal trading range in easily November of last year. The daily line chart shows there was a noce clean backtest about a month later to process was complete.
After a short rally during which it made a higher high, The US dollar declined once more to the top rail causing a lot of uncertainty for many traders, after a slight breach of the top rail, …
After a short rally during which it made a higher high, The US dollar declined once more to the top rail causing a lot of uncertainty for many traders, after a slight breach of the top rail, …
EURUSD, USDJPY expectation
EURUSD
What ProAct Forex Target Traders See: We are currently sitting at 1.0633 out of a rising wedge which is bearish. we are looking to contue up to the 0.618 fibo at 1.0528 and then continue to the 0.786 Fibo at 1.0445. The average daily true range (ATR) for the pair currently is 75 pips.
USDJPY
What ProAct Forex Target Traders See: We are currently sitting at 113.39 still in a large channel but with the break of a falling wedge. this is bullish for the pair. we are looking to initially move …
What ProAct Forex Target Traders See: We are currently sitting at 1.0633 out of a rising wedge which is bearish. we are looking to contue up to the 0.618 fibo at 1.0528 and then continue to the 0.786 Fibo at 1.0445. The average daily true range (ATR) for the pair currently is 75 pips.
USDJPY
What ProAct Forex Target Traders See: We are currently sitting at 113.39 still in a large channel but with the break of a falling wedge. this is bullish for the pair. we are looking to initially move …
USDCAD edged lower
USDCAD FEB 10 at 7:05 EST
OPEN: 1.3137 High: 1.3158 Low: 1.3121 Close: 1.3147
USDCAD Technical
S1 1.2922 S2 1.3002 S3 1.3120 R1 1.3253 R2 1.3371 R3 1.3461
USDcAD Edged lower in the Asian session but has recovered in European trade
1.3120 is a weak support
Above 1.3253, 1.3371 and 1.3461
Current Range: 1.3120 to 1.3253
USDCAD ratio is showing slight gains in long positions. currently, long positions have a majority (56%0, indicative of trader bias toward USDCAD continue to move higher.
The 240-minute EUR/USD is in a trading range
The 240-minute EUR/USD is in a trading range and therefore will probably fall below the major higher low before rallying much higher.
Regardless of whether it does, the rally will probably form a head and shoulders top.
The 240-minute EUR/USD Forex chart is finding support above its major higher low of last week.. Yet, because it is in a trading range, it will probably fall below that support before rallying. whether or not it does, the next rally probably stall below last week's high. The bear…
Turning point ABCD wave appears to have been reached
Turning point ABCD wave appears to have been reached.
Most technical reading are indicative of a near-time decline.
Brief ranging phase could come into effects this week.
The euro corrective wave seems to have finally given us turning point which could signal we are destined to see some of the near-time downside risk realized. what's more, there are number of other technical reading similarly suggestive of a spate of losses for the recently resurgent pair. First and foremost, it is worth establi…
Most technical reading are indicative of a near-time decline.
Brief ranging phase could come into effects this week.
The euro corrective wave seems to have finally given us turning point which could signal we are destined to see some of the near-time downside risk realized. what's more, there are number of other technical reading similarly suggestive of a spate of losses for the recently resurgent pair. First and foremost, it is worth establi…