JB_FMO

JB_FMO

USDCAD – Price is heavily Oversold. A reversal In the market is heavily overdue and with the commercials wanting to Sell the CAD, Looking for a reversal pattern on the lower timeframes are something to look out for. Commercial selling has now reached a 4-year high, only bettered by the high they set in 2017, when price was at the same level, we see today at...

JB_FMO

JPY – Price has created a lower low on the Daily Timeframe, which has broken the daily Uptrend theoretically, however, still needs to be confirmed. Price is at a turning point, currently – Price has broken the trend however we need further confirmation which we will be able to see via the interaction with the monthly pivot point. Rejection from this area will...

JB_FMO

EURUSD – Seasonally Bearish at the start of May. On our lower timeframes we are starting to see a confirmed downtrend with 2 cycles giving us a lower low and lower High price formation. Our lower time frame gives us an early indication of what price wants to do. Both 4 hour and 1 Hour is doing this. Price moving below 1.2000 is my Sell zone and as price...

JB_FMO

GBPUSD – SHORT GBP turns Seasonally Bearish around the start of May. Cot Also suggests that Commercials are also looking to take price lower with the 36M index at 1%. Price now is in a range, between 1.40 and 1.38. I will be looking for conviction away from this Range from sellers to follow the seasonal move lower or a failed push higher and to see a reversal...

JB_FMO

SP500 – We can see price is fast approaching the Monthly R2 and my first target which is 4150. We are starting to see buyers exit and sellers enter the market. – my next enter Long will be around the 4000 level, a level of interaction between buyers and sellers. Remains within a long-term rising wedge, which is a bearish pattern and typically an ending pattern...

JB_FMO

Apple(NAS100) - As the Nasdaq increases in price following it's seasonal chart, this will help move apple higher. Price action wise, on the Daily timeframe we can start to see we've now created a Higher Low; which as broken the downtrend and on our lower timeframes, the 4hr we are now creating a head and shoulders pattern which is showing sellers are running out...

JB_FMO

SP500 – price is now above the 3960 level a key level for me to be Long above However I will need to see further Bullish Momentum; looking for a cycle above to ‘confirm’ buying as we have seen what price has done at this level before – However can intraday trade the strength as it may move higher. Fundamentally, we are seasonally bullish this period - The...

JB_FMO

Price action wise. Daily Timeframe - Price is currently around the level of 127.00 and as it stand price is failing to create a lower Low. if price continues higher and breaks 127.00 it will not only break formation which can indicate the higher timeframe move, but as price gets above that level, it will confirm buying. Fundamentally - we're in that seasonally...

JB_FMO

I spoke about NAS100 Having a slight re-tracement last week as the market approaches a seasonal low, 12720 was a level of interest previously from both buyers and sellers so it was an area where price could have bounced off of as price rejected the monthly Pivot point and has done. we are now seeing price move higher from this level and Seasonally The NAS100 and...

JB_FMO

NAS100 – I have got two plans for the Nasdaq: Plan A – Price hits the Monthly Pivot point and price go lower into one of these interaction levels. Seasonally price does make a low before the Rally so we may see this happen in price. Plan B – Price cycles above the monthly pivot and continues higher in-line with the seasonal rally. Both scenarios I am Bullish...

JB_FMO

USD dollar index Price action - On the higher timeframe, Dollar is in a weekly downtrend. Price is now in a weekly phase 2 – which means we should be seeing buying, and potential weeks of it. Currently price has had back-to-back days of buying and is now approaching a daily 200 moving average and a monthly R2 pivot level which may trigger the pull phase on the...

JB_FMO

GBPUSD Price action – I have marked out a few key levels relative to where price currently is to highlight the area where price has reach for the first time in 3 Years. In 2018, we have seen price action get above these levels however buyers fail to continue higher. The Stochastic around these levels were showing that price was in the overbought region. Looking...

JB_FMO

Sellers came in strongly as seasonal weakness set in Look for selling to continue till Mid-September where then it gets a bit choppy before the seasonal strength period in October Support levels are marked on the chart

JB_FMO

Selling continued last week Price now approaching the confluence of Daily 200 SMA, Weekly 50 EMA, Weekly Trendline and Monthly S1 Pivot Look for a potential bounce from this level and a move back up before the main seasonal drop in the first week of October

JB_FMO

Seasonally, NZD outperforms AUD from the beginning of September and sellers came right on queue Continue to look for intraday sell setups targeting the blue zone.

JB_FMO

Last week, GBPAUD and GBPNZD were identified as potential buys and buyers did not disappoint This week, GBPCAD could be the chart to concentrate on as price has broken the previous daily high and downtrend Look for intraday buy setups should price stay above 1.6230

JB_FMO

The Loonie is starting to look very interesting. Still in a Weekly Phase 2 and trapped between the Monthly R2 pivot and Yearly pivot, a break above and price could reach the long term trendline. Any sell trades should initially target the yearly pivot. A clean break of the yearly pivot would open up to more selling.

JB_FMO

EURGBP 4hr head & shoulders short.