NZDUSD is up for some reason...? Nonetheless another Cypher Pattern completed.
Advanced Gartley Pattern complete. I'm not convinced any upside will sustain as the candle that fulfilled the C Leg move retreated and closed below the open. EURAUD As always trade at your own risk .
EURAUD could be going for a extended dip looking to complete the Bull Bat Pattern @ 1.3282 long term. The Bearish Cypher Pattern completed @ 1.5063, upside fizzled out around the C leg completion of the potential Bat pattern. RSI is flat just below default oversold area. Proceed with caution.
GBPUSD is reacting and pricing in the most important news aside from August NFP, heading into Major Monetary Policy meetings where the FED should be reigniting the bullish sentiment, BoE should be updating the public on BRExit negotiations from their perspective, and ECB at this point is on the side of unpredictable given the most recent dovish sentiment and...
It appears EURUSD has topped Medium term.
As the market continues to push lower we have approached the end of the beginning of a potential trend continuation opportunity. Testing the true low of 2016, we may relieve the spontaneous Loonie Bull pressure before breaking through that resistance level around the 1.2520ish handle and retesting structure levels with a series of lower highs and lower lows. For...
Bullish Cypher completed. Could retest ahead of the BOJ. USDJPY
Cypher completion @ market, going into ECB decision.
Now is beginning to look more like never relative to Bearish Cypher as the cup handle appears. #FFT
EURUSD is feeling the dollar bulls as Yellen continues the hawkish tone. Nonetheless heading into the ECB interest rate decision, should the downward momentum continue, a long @ or around the D leg completion for a test of the 2017 highest high could prove to be profitable. #FFT
USDJPY is showing signs of upside bias as it has failed to convincingly break below support @113. The trend break could be tested or the break is pricing in room for longer term upside.
Cypher Pattern complete. RSI divergence. Is the market forecasting a USD bull rally?
On my radar going into the potential rate hike decision. USDCAD
Usdjpy is poised to relieve the buying pressure short term, and with the double top I wouldn't remove a complete reversal off the table. We have a potential Cypher pattern completion @ 113.322. We also have a potential Bat pattern completion @ 113.551. Let's see how this plays out through the week.