JinDao_Tai

JinDao_Tai

13th August DXY: Likely to consolidate above 103, needs to stay below 103.50 NZDUSD: Sell 0.6030 SL 25 TP 55 (RBNZ decision pending) AUDUSD: Buy 0.6615 SL 30 TP 65 GBPUSD: Buy 1.2815 SL 20 TP 40 (needs to complete retracement first) EURUSD: Buy 1.0950 SL 25 TP 50 USDJPY: Sell 146.20 SL 40 TP 200 USDCHF: Sell 0.8640 SL 30 TP 70 USDCAD: Sell 1.3715 SL 25...

JinDao_Tai

12th August DXY: Likely to consolidate above 103, if broken, could retest 102 support level. NZDUSD: Sell 0.5960 SL 25 TP 65 AUDUSD: Buy 0.6610 SL 40 TP 70 GBPUSD: Buy 1.2790 SL 30 TP 65 EURUSD: Buy 1.0950 SL 25 TP 50 USDJPY: Sell 145 SL 70 TP 300 USDCHF: Look for reaction at resistance of 0.8750 USDCAD: Sell 1.3710 SL 20 TP 55 Gold: Broke above 2434...

JinDao_Tai

The BoJ indicated that it was not ready to hike rates further if the market continues with volatility On release of the news, the Yen weakened, with the USDJPY rising to test the 148 price area look for a potential breakout to the 149.50 price level as further yen weakness is anticipated

JinDao_Tai

The euro is deciding its next big move, while some upside could be likely if it breaks above the 1.0925 price level, it would be interesting if the EURUSD breaks below the 1.0890 price level This would complete the head and shoulder pattern, breaking the neckline which coincides with the 50% Fibonacci retracement level

JinDao_Tai

Watch the EURJPY as it consolidates along the 160.30 resistance level If the EURUSD forms the head & shoulder pattern and breaks lower, then look for the EURJPY to break the trendline With downside potential to the key support level of 155.50

JinDao_Tai

The EURGBP sits just under the resistance level of 0.8625 If the GBPUSD weakens, this could drive the EURGBP higher. Look for price to break above the resistance, and the 0.8645 price level, with the next key resistance at 0.8755 Possible hesitation at 0.87 as a round number level

JinDao_Tai

If the NZDUSD strengthens, this could push the AUDNZD lower, down to the 1.08 level. Looking for a reaction at that level, for a possible bounce/break.

JinDao_Tai

7th August DXY: Expecting further upside (to retest 104), could bounce off bullish trendline, needs to stay above 102.90. Below that, 102 key support level NZDUSD: Sell 0.6030 SL 20 TP 55 AUDUSD: Look for reaction at trendline, if broken Sell 0.6520 SL 30 TP 80 GBPUSD: Sell 1.2665 SL 20 TP 40 (then watch for reaction at support level) EURUSD: Buy 1.0945 SL 20...

JinDao_Tai

5th August DXY: Trading lower to 102.55, beyond that, could test 102 round number support level. NZDUSD: Buy 0.5930 SL 20 TP 50 AUDUSD: See reaction at 0.6465, RBA decision pending, Sell 0.6455 SL 20 TP 60 USDJPY: Look for retracement to complete (retest 144), Sell 143.50 SL 70 TP 250 GBPUSD: Buy 1.2870 SL 20 TP 70 EURUSD: Buy 1.1010 SL 20 TP 50 USDCHF:...

JinDao_Tai

2nd August (NFP Pending) DXY: could see weaker NFP (155k), DXY to retest 104.45, reject to trade down to 104 round number. Could trade down to 103.65 if <155k. NZDUSD: Sell 0.5910 SL 15 TP 45 (DXY strength) AUDUSD: Buy 0.6505 SL 20 TP 60 (DXY weakness) USDJPY: Sell 148.40 SL 50 TP 210 (Hesitation at 147.30) or Buy 149.75 SL 50 TP 220 (Double Bottom) GBPUSD:...

JinDao_Tai

1st August DXY: Found support at 104, retracing, if above 104.20 could test 104.40. (wait for retracement to complete before continuation lower) NZDUSD: Buy 0.5990 SL 20 TP 55 AUDUSD: Do nothing, look for reaction at 0.65 USDJPY: Wait for retracement to complete at 151, Sell 150.75 SL 45 TP 170 GBPUSD: Sell 1.2770 SL 20 TP 65 (BoE decision pending) EURUSD:...

JinDao_Tai

At the start of 2024, the USDJPY was trading along the 141 price level , after it had retraced from the 2023’s high of 152. This was due to weakness in the US dollar as there was increasing speculation within the markets that the US Federal Reserve was likely to start cutting US interest rates by early 2024. But as the speculation grew that there could be...

JinDao_Tai

31st July (FOMC Decision Pending) DXY: Ranging between 104.20 and 104.55. If Fed makes no comment on rate cut, DXY could push up to 105.20. If Fed makes comment on rate cuts in Sept, DXY could push down to 103.65. NZDUSD: Buy 0.5930 SL 20 TP 50 (DXY weakness) AUDUSD: Sell 0.6450 SL 25 TP 90 (DXY strength) USDJPY: Sell 151.50 SL 70 TP 245 (DXY...

JinDao_Tai

30th July DXY: Needs to stay above 104.50, could trade higher to retest resistance at 104.85, beyond resistance, next level at 105.20 NZDUSD: Sell 0.5920 SL 20 TP 45 AUDUSD: Sell 0.6565 SL 15 TP 45 (Hesitation at 0.6545) USDJPY: Look for price to find key level, reaction at 154 or 156 (BoJ news pending) More likely at 156 GBPUSD: Sell 1.2840 SL 25 TP 60...

JinDao_Tai

29th July DXY: Consolidating between 104.20 and 104.40, if upper bound of 104.55 broken, could retest 104.80 NZDUSD: Look for reaction at 0.5865 support (buy/sell opportunity) AUDUSD: Sell 0.6540 SL 15 TP 45 (Hesitation at 0.6520) USDJPY: Sell 152.80 SL 30 TP 80 GBPUSD: Sell 1.2840 SL 25 TP 60 EURUSD: Sell 1.0840 SL 25 TP 65 USDCHF: Buy 0.8860 SL 20 TP...

JinDao_Tai

25th July DXY: Consolidating between 104.20 and 104.40 Needs to break 104.60 to retest 104.80 (0.2% on Core PCE) NZDUSD: Look for reaction at 0.5865, Sell 0.5855 SL 20 TP 75 AUDUSD: Sell 0.6566 SL 20 TP 70 USDJPY: Buy 154.65 SL 50 TP 100 GBPUSD: Buy 1.2880 SL 25 TP 65 EURUSD: Sell 1.0830 SL 20 TP 75 (Hesitation at 1.0810) USDCHF: Look for reaction at...

JinDao_Tai

25th July DXY: Consolidating between 104.20 and 104.40, Break 104.40 could retest 104.60 and 104.80 (GDP Pending). If 104.20 broken, price could retest 104 round number support. NZDUSD: Sell 0.5905 SL 20 TP 40 AUDUSD: Sell 0.6530 SL 20 TP 65 USDJPY: WATCH 152 SUPPORT LEVEL Sell 151.70 SL 30 TP 90 GBPUSD: Sell 1.2850 SL 25 TP 70 EURUSD: Buy 1.0855 SL 20 TP...

JinDao_Tai

24th July DXY: Currently consolidating, needs to stay above 104.20, for further upside potential to retest 104.80 resistance NZDUSD: Sell 0.5945 SL 20 TP 75 AUDUSD: Sell 0.6570 SL 20 TP 70 (Hesitation at 0.6540) USDJPY: Sell 154.45 SL 30 TP 65 GBPUSD: Sell 1.2850 SL 25 TP 70 EURUSD: Sell 1.08 SL 20 TP 45 USDCHF: Buy 0.8930 SL 20 TP 40 USDCAD: Buy 1.3810...