Danny_Kasselman

Danny_Kasselman

This pair has reacted strongly to the movements on the DXY, in line with my analysis on the dxy we can see the pair hold the 38.2 FIB with accurate respect of a trend line. Personally, I would wait for a daily break and close of the 108.600 level as confirmation to long this pair. In short, we are heading LONG

Danny_Kasselman

Technically: We see the pair consolidating in an ascending triangle toward the 84.3 level, the Australian dollar is showing strength toward the Yen despite the JXY (Japanese Yen Index) bouncing back from the lowest it's been since March 2020. let's wait for a break of the triangle to get some direction. Fundamentally: We know the YEN likes a weak exchange rate...

Danny_Kasselman

This pair has seen some large movements over the past two months, price has come down to the neutral zone between the 50SMA and the 200SMA and has held on the 50 FIB, the cross over of the moving averages is signaling a possible trend change. I see the pair as forming a higher low and a move up from here is on the cards. we could possibly see a test of the 200SMA...

Danny_Kasselman

The EURUSD pair has come up to resistance. we currently see it consolidating at the 1.207 level. this is in line with the consolidation of the DXY (dollar index). a break to the downside is supported by the 61.8FIB as well as 1.207 resistance. In short, this pair is ready for a SHORT

Danny_Kasselman

The dollar has come down and held the 91 Level, coincided with the 61.8 FIB and a trend line, break and close of a daily candle below the trend line will see further dollar weakness. expectations are for the dollar to recover on up-and-coming positive data. In short, everyone should be long on the dollar.