XAU/USD favoring a test of the 1200$ area, reaction zone, by year ends. That target is invalidated if we overpass the 1320 area
FX:EURUSD should keep the way down until years END, as we are expecting a strong reaction on the level of 1.1240/80 strong buying zone. we are invalidated if the EURUSD cross over 1.1680/1.1720
USDCHF as long as it is trading within the uptrend channel we must reach the selling zone at 1.02 / 1.03 selling zone. If we fail the channel up we should expect a retracement of 50% Fib back of the high
TVC:DXY INDEX:DXY Favoring the move up, where the Index has rejected the Support and bouncing back up with the uptrend channel, the yearly down channel is squeezed favoring a resume of the move up. The strong reaction zone is at 94, if we fail it we test back the yearly lows.
USDCAD looks weak to place a sharp rebound to 1.29 area with respect to 1.2550 whereas failing 1.2650 will drive the cross to test back 1.2550 at least.
USDJPY has confirmed the ending diagonal from 107 area to the selling zone 61.8/78 fibo selling zone from last top at 119. Favoring a bounce back to 114.00/114.50 selling zone with respect to 115 sell to 111/112 as first target in extension to 109/110.00
USDCHF AFTER CONFIRING THE BOTTOM WITH DOUBLE BOTTOM PATTERN, THE CONFIRMATION WENT OUT WITH A BULLISH FLAG AND REMAIN TARGETING 1.01 AREA, SELLING AREA
USDCAD LOOKING TO COMPLETE THE RALLY WITHIN THE BULLISH FLAG CYCLE BEFORE REACHING TAKE PROFIT AREA AT 1.30/31 AREA
EURUSD WE ARE LOOKING TO KEEP THE SELL RUNNING UNTIL 1.1425/60 ARE IF NOT EXTENTED TO 1.1380, WAIT FOR REVERSAL FLAG CONFIRMATION
USDCAD Looking to go out of the consolidation area and confirm the FLAG to test the trend line of the major downtrend channel. USDCAD
USDCAD USDCAD Looking to go out of the consolidation area and confirm the FLAG to test the trend line of the major downtrend channel.
Potential large head & Shoulders Top on the EURUSD, despite the Catalonia issue, it looks like it is priced in and the EUR should test the 1.1920/80 selling area with respect to 1.21 - Wait for Confirmation - Risk Management