bruceyam

bruceyam Updated 

the crude oil is testing upper resistance red line. WTI passed the blue line resistance a short term support at 98.64. measured rally target is 70-75. so USDCAD will continue to slide down and test 1.28.

bruceyam Updated 

The DXY start descending since Jan 2017, and now it's time for the prolonged drop to rebound. use Fibonacci retracement 38.2%. the DXY will hit 94.10. so we should be heading a rebound of USD for at least 2-3 months. A down trend impulse leg has been seen from 103.9 to 88.04. so we should expect a more downside for DXY after this 2nd wave rebound. From cycle...

bruceyam

The Dollar index should have finished the first impulse leg down since Jan 2017. the rebound started from 16 Feb to now should have finished the a wave. now we should head for wave b correction and targeting 92.5-93. After the correction the DXY should head for the final thrust to 97-100. DXY will continue to slip afterward. the rally should not go beyond 103,...

bruceyam

Last Friday, we have a good Non-farm pay roll figure and every one now expect FOMC to rate hike this week. With market have not discussed too much on the topic of debt ceiling which will be hit again this week on 15 March 2017. as a result, we ,might face a consolidation of the USD. wait for a good place to get it again. In short term a testing of 101 and 100 again.

bruceyam Updated 

EURUSD is going to start falling or never. We are now heading to March US debt ceiling and French election One of the Candidate Marine Le Pen launched her presidential campaign, promising to put France first by freeing it it from the “tyrannies” of globalisation, Islamic fundamentalism and the European Union. If French election is favour Le Pen, EURUSD will...

bruceyam Updated 

USDCHF have ended long term downward movement. If it's going to upside breakout as suggest in the previous ideas, this is the best place to get in and put in parts of the chips. another good place to place chips will be when it really break the red line and stop stop should be low red line. target 1.25 or even 1.4 for medium to long term

bruceyam

Since 2015 Q1, the EURUSD was in a rectangular consolidation mode for 92 weeks. EURUSD is already broken below 2015 March low 1.0465. Now investor should ask a question himself if this breakout is a real or false breakout? A real breakout means it's going to go downside for the coming 2-3 months, it's time to short EURUSD. with measured target 1.03 and 1.0 and...

bruceyam

The DXY show resistance on 102.08 at this moment. the Fed will have a meeting on 14 Dec and the Fed will not deliver a hawkish tone to rate hike, as a result all the USD favour news is temp running out. during fed announcement watch closely to the USD behaviour and be ready for USD weakness. the 0.382 retracement is 98.17. a good point to long USD

bruceyam Updated 

USDJPY just touched 4hr top bollinger band and reversing, a breakof the midline (20 MA) is to confirm a sell. a break of lower bollinger band together with low bandwidthand add some more to the short position. Stoploss can be put just above the upper bollinger band nad target for 112.50.

bruceyam Updated 

The USDJPY finally on the way down, a 23.6% correction will reach 111.6, 38.2 will be 109.61 and 50% will be 108.10 pay attention to the 108.10 it's also a option barrier in March 2017. so the chance of going beyond that is not that high. Fed will action in Dec and next move will at least in March. so in the coming month, a chance for fresh rally of USD is minimal.

bruceyam

After Brexit and CITI "fat finger", GBPUSD have finished it's downside target, correction rally is on the way. Theresa May will not trigger Article 50 before March 2017 and Supreme Court is appeal on Brexit case. Fed will have rate hike on Dec but a Jan rate hike is not expected. this all favour a GBP rally. From Fibo, this rally might reach 1.32-1.36. so all...

bruceyam Updated 

US Dollar Weekly Chart When compare the pattern in 90's and a this moment there is a similiarity nand we should head into US dollar consolidation after 1-3 month consolidation, the US dollar rally should resume

bruceyam

At this moment, 200 MA in 1 hr chart have been tested two time, a downward breakout might happen and testing of 111.50 area . A retractment to 109.58(0.382 ) from the post US-election rally can not be ruled out, too. Option barrier was seen at 114.98 and 115.56, means the upside potential is limited.

bruceyam

From April 2002 to August 2014, USDCHF is trading below the 200 week moving average . since 2014, it is trading above the 200 w moving average and the bollinger band width is tightened. this is a setup for a breakout and I will suggest an upside breakout. USDCHF have already reject to go futher south in two event EURCHF Floor Setup and Abandon event. At this...

bruceyam Updated 

From April 2002 to August 2014, USDJPY is trading below the 200 week moving average. since 2014, it is trading above the 200 w moving average and the bollinger band width is tightened. this is a setup for a breakout and I will suggest an upside breakout. USDCHF have already reject to go futher south in two event EURCHF Floor Setup and Abandon event. At this moment...