Forex Market Analysis

USD with a failed 2D week to go 2-2 rev to the upside and take out pivot highs. This occurs at the same time as the EURO looking weak with the most interesting of the 3 charts. EURO with the potential 2-1-2D week after clearing Motherbar highs two weeks ago and now giving us the actionable signal back through to motherbar lows. Price was stuck in the motherbar range for 8 weeks before taking out highs. Now looking to make a sharp move back through that motherbar range to the lows. YEN with the successful 2-2 rev week that has given us a clear BF if we were to drop to the daily TF. YEN with TFC supporting more upside, and being closer to 2-2 continuation rather than 2-2 rev. Not as interesting as USD and EURO at the moment, but definitely will be noted as I am mainly watching anything EUR/X for downside, and USD/X for upside. Side note: GBP and AUD both bearish weekly's but not as interesting as other currencies right now. Main pairs to watch this week :

Bull:
USD/JPY- (Daily PMG to the upside could be a huge early week mover)
USD/CAD - Daily hammer 2-2 for BF expansion

Bear:
EUR/USD (2-2 Week, Gorgeous weekly BF)
GBP/USD - Weekly 2-2 to the downside. Larger ATR than most others
AUD/HKD - shooter 2-2 Daily, Inside week. Check the Daily BF (Wow)

Neutral:
AUD/CAD - 3-1 Daily and inside week

Alanger17

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Alanger17

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