Confluence

Confluence

I think that EURCAD will rally right through 1.5 to a key resistance around 1.54. After that, a decent short opportunity presents. Key level of 1.5 must be respected as trade is managed.

Confluence

ActiveTrader pointed out an abundance of confluence on AUDUSD within their most recent blog post. Watch how a short position at .75 would play out!

Confluence Updated 

I predict that the bearish trend will quickly take USDJPY down to 101.2

Confluence

I think that oil is likely to increase in price after finding support at 40.

Confluence

Expecting EUR rally as high as 1.13 followed by a drop to 1.09

Confluence

I think that NZDCHF will reverse at .72 then find support at .70. A rally could go all the way up to .75

Confluence

I think the news of GB's new PM will fade, S&P 500 will continue to impress. Macro factors aside, 1.35 has offered previous resistance. Short sellers are eager to jump in on this pair, as well.

Confluence

I think GBPJPY will have a tremendous selloff around 140.

Confluence

I think the current drop in price is a beartrap. We may find support at .83

Confluence

I predict that the breakout will quickly lose momentum and retest 105. At that point, there's opportunity to go long. A short opportunity will follow.

Confluence

I forecast that AUDUSD will find support at .75 and rally to .78. At .78, a great short opportunity presents. AUD USD could fall to .70

Confluence

AUDCHF is ranging between .75 and .70. Once this breakout loses momentum - I believe that will happen July 14th - Short AUDCHF to .72

Confluence

Likely to reverse at 80 and drop to 75