Slatt
i dont believe iti dont believe this pair is bullish at all. usdcad hasn't closed above 1.3044 since in a long time and since May 12 it's been rejecting there and closing beneath it. with all the dollar strength there has been, due to mainly euro weakness, it doesn't show in usdcad that much. my money is on the short side!
GO GJ! That's my GJGbpJpy has been in a slump lately. it just recently tried to re-establish the overall bullish sentiment/structure it's been in for a while but i dont like the way it has/is rejecting the previous consolidation zone. in my book that normally means it's time to short! & that's exactly what i'll be doing!
Bread & Shoulders ?is this a head and shoulders patterns we are looking at on CadJpy? or is that just a nice support trendline. well this pair struggles to close above 105.9 & has been that way for a long time, even with yen weakness. cad is also at some strong resistance in other pairs / the cxy(canadian dollar index). my money will be on the short side , until jpy shows further weakness!
dont like this at alli waited until the hourly candle closed because i don't way the way it is closing! this pair LOOKS to be consolidating! i can see nu touching .621 and maybe under, to go and look for support! i believe it will, but for now we must get there, and i believe that's where NU is going! My money is on the short side!
Support?How many times is eu going to dip below 1.04 and bounce? Recently the daily candles refuses to close below there and maybe it's a sign that the euro has another chance to rise. if not then we will be breaking multi year lows and the bearish trend may have no end in sight. Until a daily closes below 1.04, i expect the uro to keep fight. So, my money's on the long side. I can see euro touching 1.07+ again.
Weird ZoneAud Jpy is in a weird zone, it clearly doesn't like being here. it's rejected here before, as well as used it as a support zone! On a daily level it seems to drop from here(94) to sub 93 within the day, using that as a support just to go back
to 94 as of recently. I think we get another one of those days, I'll take the short until 94 show that it is the new support! Also looks to be rejecting off of a .5 fib extension
Is this continuing?EurCad has been in consolidation since dropping to level of 1.377. Going as low as 1.339 but not being able to break above the 1.377 level, rejecting it every time. Seeing a downtrend forming on the lower time frames, & multiple rejections on Higher timeframes, such as the daily. This pair has een in a downtrend since Dec 2020, who's to say it stops now. My money's on a upcoming SHORT!
ECB Prep
euro has been the weakest currency, all week, of the majors!
bank of canada just hiked rates! thats just the spike we needed for the best price as the euro gains it's strength to close all of it's gap!
the EURO is the only currency that has YET to close it's gaps
ECB next week on Thursday March 10th from 7:45 est (rate decision )
8:30 est (press conference)
Ukraine INVASIONTechnical and Fundy Purposes:
EurChf is on a weekly support at 1.03, RIGHT NOW, as RUSSIA invades Ukraine!
HA! What a perfect excuse for a "news" candle to liquidate the previous low and BEGIN the real BULL RUN!
There is a POSSIBLE (which means NOT guaranteed!) Weekly Harmonic DEEP CRAB
back to 1.115.
To Be Continued ...
NFP WEEKdollar sold off after a crazy fomc bounce, but tbh it just went from the low of the weekly range to the top. so i can see the euro falling once more and dollar rising for a little bit until nfp.
since dxy is heavily inverse to eu , i feel comfortable with.
DXY LEVELS to watch are on the screen.
STOP STOP HUNTING!!!THIS IS THE DEFINITION OF A STOP HUNT!
we've all seen how the dollar has exploded over the past couple of days but NZD is not giving up without a fight you can see that every time the kiwi goes below .695 on the weekly candle it rushes back up before the week is over.
now fundamentally speaking, WE KNOW the RBNZ (New Zealand Central Bank) will be raising rates next month from the current .25%. & WE KNOW THE SMART THING TO DO IS TO PUT OUR MONEY INA STRONG CURRENCY WITH HIGH INTEREST RATES, ESPECIALLY AGAINST LOW ONES JPY( -.10%) CHF(-.75%), & USD (.25),which happens to be all the "SAFE HAVEN" currencies
i cannot be the only one looking ahead and seeing the true potential of the KIWI.
nzdusd must go to .7315 (400+ PIPS)
nzdchf must go to .662 (250+ PIPS)
nzdjpy MUST GO TO 83.9 (800+ PIPS)
eur retraces the euro has been out right strong but is looking to retrace .. forming an 8hr possible bat back to the lower side ... i have a long bias tbh to 1.235 but if this price drops then i have to target 1.16 before i look to buy anything... just came off this buy tbh and my first tp target was 1.195 from 1.1775 but 1.192 is close enough to enter a short for a retracement
Hello, EU bulls!!is it time? time for what u may ask... TIME TO LONG EU!!!! In 2021, usd has fell to multiyear lows against aud, cad, gbp, & nzd.
Euro, along with ch& jpy, has been lagging TREMENDOUSLY .. & now with the dollar pairs at support across the board and euro showing signs of life in other pairs i truly believe we can see 1.23 again and THE JOURNEY BEGINGS HERE
ENTRY 1.1845
TP1 - 1.188
TP2 - 1.199
ULTIMATE GOAL 1.23 & once we touch 1.199 thats all i need to see for another run to the 1.20's price again
lol i accept coins and cashapp $bakedbenji :)