bdubya44

bdubya44

Looks like a lot of support from multiple trend lines for $DXY. Let's see if it bounces

bdubya44

Keep your eyes on this one. Any Hawkish comments from Yellen/The Fed or a surprise rate hike and we could see this potential long-term Bull Flag in the USD/SEK that's been in the making, begin playing out that could eventually target somewhere between the 10.22 and 10.50 area, possibly sometime next year. My analysis is for informational purposes only and...

bdubya44

EUR/GBP is currently playing out a bull flag that should take it up to the .86 area which could form the right side of a larger Head & Shoulder pattern. Tomorrow's BOE Rate Decision/Monetary Policy Summary may be the catalyst to either set the Head & Shoulder pattern into motion, or invalidate it. My analysis is for informational purposes only and should not...

bdubya44

Friday’s blowout number in NFP’s may have helped give the US 10 Year yield some go-go juice to jump start a run back towards the 1.90-2.05% area as it popped above the neckline of a possible inverted head and shoulder pattern. This is an area of confluence as it’s the 61.8% Fib level (1.976) of the November ’15 high/July ’16 low and the 61.8% Fib level (2.054) of...

bdubya44

The S&P 500 broke out above the 2130 area (previous resistance) to make new highs this past week but it also broke out of an ascending wedge (bearish) which means we could see some sort of pullback in the near-term. Here are two possible scenarios that could potentially play out. Scenario one: With the breakout to new highs, the upside momentum could limit any...

bdubya44

GBPJPY is breaking out of a wedge to the upside with a possible target in the 159 area which also coincides with the 78.6 fib level to complete a bearish Gartley where the pair should reverse. It makes sense that any upside in GBP would be limited given the upcoming Brexit vote is just around the corner. My analysis is for informational purposes only and...

bdubya44

Could the S&P 500 be in the middle of carving out a possible head & shoulders pattern? If so, and it breaks the neckline, the extension (the distance between the head & the neckline) could target the 1960 area which is the 50% Fib retracement of the April 20th high (2111.4) / February 11th low (1807.5). Bear in mind, the word on the street is that the shorts...

bdubya44

The Cable has been carving out a Bear Flag that began towards the end of last year w/a possible target around the 1.35 area (2009 low) but now it looks like the GBPUSD pair might be trying to form a possible inverted Head & Shoulders pattern. I believe the ongoing fears of a potential Brexit might keep it from playing out as we move closer to the British...