CapitalHillFX

CapitalHillFX

The setup I called in the beginning of the week, is starting to play out. On the lower timeframes, price has broken the significant resistance level and came back to test as support. But on the larger timeframes, we don't want to neglect the clear extreme weekly resistance level that's approaching. If price has a bullish reaction following the recent retest, then...

CapitalHillFX

Keeping the bearish bias for the USD in mind, it seems we could be having a sell setup form for UsdChf. On the larger timeframes, price has rejected off of a non-horizontal resistance level and created strong bearish structure towards the downside of the channel. On the lower timeframes, price has broken some market structure by violating a recent support level....

CapitalHillFX

Looking at the US Dollar Index, it seems relatively obvious which bias has been playing out for the past year. Ever since the beginning of coronavirus, the US dollar has been weakening by the week. And there seems to be no reason to think that's going to change anytime soon. On the larger timeframes, we could see clear bearish rejection off of a significant...

CapitalHillFX

AJ has finally broken out of it's downtrend and recently violated some significant market structure. We've had a bullish impulse past a major support/resistance level. On the smaller time frames, I've scoped out a significant level where price could possibly react with as well. I'll monitor where and how price retraces back to the level to determine the...