LADEEc57

LADEEc57

Weekly tweezers dropping below the 50 EMA for the second time this year with a possible retracement towards the 109.89 level, testing the lower slope line of the symmetrical triangle. Could this be the week where price action could break down, or is a reversal in the works after the test ? Looking for USD resiliency next week, so I think a reversal may be in the...

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DXY The bullish run has been spectacular, but recent pause action has created an exhaustion gap showing completion to test November 2016 price gap breakout from 95 to 103. Failure to maintain above the intermediate long term upward sloping trend line at 94.45, would suggest a likely retest of next support levels at 87 levels. Is the bullish phase exhausted ?

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EURUSD Looking at the monthly time frame, we maybe witnessing the completion of a second trough formation which is higher than the previous one made in the year 2000. This would mean a new symmetrical base barrier formation connecting the higher trough made in November 2014 connecting the 2000 trough series. Over the next few months, should price action challenge...

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USDJPY A symmetrical triangle formation emergence of two converging trend lines forming a price barrier between the series of troughs & peaks linear connections. An earlier inverted head N shoulders pattern completion pattern set in motion a price action move to regain the 114.00 levels, but a failure to stay inside the rising channel range and an intermediate...

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USDJPY Daily upside down right shoulder formation pattern completed where price action set to breakout into next channel area towards $113.777, with possible retest of previous highs at $115.46. However, a pullback level can be seen at $112.188 to take out some Long stops should algorithms sense speculative Long open positions being set-up on anticipated breakout...

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FX_IDC:USDJPY Folks, I'll be brief here on the 4hr chart. Next weeks session target is $111.50, as shown by the red horizontal line. The green shaded area is where I think price range will be in next week. Should price action pause at red line for a few bar ticks, watch for a break out towards $112.88 barrier.The idea here is that price action is to resume back...

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FX:USDJPY Folks, while the effects of the Trump Trade reversal could present a further souring of bullish dollar bets over the longer term, I think this was evident two weeks ago after failing to beak above the $115.23 level. That could explain the USDJPY retreat having discounted the possibility of a failed healthcare reform. Algorithms were selling first, back...

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FX:USDJPY Folks, something has happened last week to change the direction of this pair. It's more than the FED rate announcement, I think it's the perception that USD is on the verge of topping out against ALL CROSS pairs, including USDJPY. In last week's trading sessions, we were supposed to see an an outside break out from the channel that defined the...

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TVC:UKOIL Folks, look at this chart, daily price action has been in an uptrend since January 2016, moving steadily within range above the blue trend line. On occasions it would retreat from that range only to test the blue trend line and reverse upwards. It happened in August, then in late November and now the previous sessions. Notice the pattern here ? Call it...

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FX_IDC:USDJPY Folks, it appears that we have an upside reversal in place for this pair, since price action failed to break below the lower trendline of the positve sloping regression channel. This failure break at $111.77 and price action inability of not carrying through into the previous negative sloping regression channel established since January, indicates...

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FX_IDC:USDJPY Folks, with Friday's close at $112.11, the price action is at a tipping point of either retreating into the downward trend channel or a reversal may be in the works. Notice the failure to follow through at $113.77 level setting in motion it's retreat. An over-lapping rising trend channel has emerged due last week's price action, connecting...

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FX_IDC:USDJPY Folks, 8 weeks of downward bias with the exception of last week's reversal tells me that more pain is coming for this pair. Since December 15th top levels set at $118.44, the price action has moved in a downwardly direction inside the channel range, indicated on the 4 hour time frame. Notice the near perfection of both top & bottom bands of this...

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FX_IDC:EURUSD Folks, last weeks price action on this par moved as had expected where the lows were tested following a failure to carry forward. A new downward sloping regression channel has formed due to the upward price reversal set in place by the past few trading sessions, showing the upper & lower area range channel of $1.0533 to $1.0678. Price action next...

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FX_IDC:EURUSD Folks, for the week ahead I'm looking for a near- term bounce towards $1.0707 which now becomes a new resistance level & retest for a corrective upswing towards the $1.0812 level, putting it inline with the upward loping trendline. Failure to take out the initial $1.0707 resistance line, will see it retrace back to $1.0610 support level, followed by...

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FX_IDC:EURUSD Folks, next week's sessions, I'm looking for a retest of a bullish breakout above $1.0811 with follow through to $1.0833 level. Should price action waiver at those levels, then expect a retracement back towards last week's lows of $1.0735 with further pullback towards $1.0677. However, a pullback extending towards $1.0611 could indicate exhaustion...

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TVC:UKOIL Folks, this chart on the weekly frame looks superb. Since the start of 2016, price action has been moving steadily higher from $27 to current levels at $56.75, indicated by the positive sloping trend line. Resistance at $57 level has been seen since October 2016, but this sideways movement now shows a triangle formation pattern. Traders may enter long...

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FX_IDC:EURUSD Seriously folks, the EURUSD chart on the 2 hr time horizon looks amazing. To the point where price action has been steadily following the upward trend line established since the start of the new year. Targeting $1.0786 with a minor pullback downside limit to $1.0661 & $1.0611. The down limit range is contingent upon the price direction of $USDJPY...

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FX_IDC:XAUJPY Someone is selling gold using worthless Yen dollars since 2011 as can be seen by the support line at around 12700 levels. I think it's the Abe government and their central bankers using quantitive easing to cap the upside in XAUJPY. The problem here, is that this has been going on for some time that a pennant flag formation has emerged, indicating a...