haylettc

haylettc May 12, 2017

News tomorrow may be good or bad for the USD. But I expect a triple top before news, and a new high if Friday's news is good. If this makes a fresh low, this buying plan is invalid. I will place two buys here, one to TP at the triple top, and the other to hold through news, with SL break even if it's up around 114s when news hits.

haylettc May 12, 2017

I expect we will soon see a break above 20,000 due to increased risk appetite in global markets.

haylettc May 9, 2017

Analysis from Phoenix FXC: USDJPY broke to the top of the bearish channel. This signals that it's officially time to start looking for buys. Now we'd like to see it bounce off of the 50 Fibonacci level that it's currently at and come down to retest the trendline it broke. This will likely be somewhere around 112.800. If it holds here, our target is 114. For...

haylettc Apr 2, 2017

This ties directly into what we wrote for Gold for this week. We're expecting a bullish USD over the first half of the week, possibly halted and reversed by bearish fundamental factors on Wednesday and/or Friday. If the current level around 111.300 breaks, I'll look to possibly buy at the retest of the broken trendline around 110.900. Price action and the...

haylettc Apr 2, 2017

I expect the US Dollar to turn bearish for some time after this week. The bearish move will quite possibly begin on Wednesday if/when ADP numbers and the FOMC minutes disappoint Dollar bulls. Initially, the US Dollar should continue it's bullish pullback. But I don't expect this to last, due to fiscal policy concerns and the unlikeness of a June rate hike. If...

haylettc Mar 20, 2017

TP 1 1.41000, TP 2 1.42000, TP 3 1.43000

haylettc Mar 5, 2017

AUDUSD exhibited a classic Wyckoff reversal last month. To complete the change in direction, we should get a jump the creek pullback and then the full fall. Great opportunity to stack swing sells. Lines up with fundamentals as well since a USD rate hike this month is likely.

haylettc Feb 19, 2017

Due to abysmal data released for the British Pound over this last week, the Pound was unable to form a significant rally before Brexit concerns took the helm with the approach of the March deadline on formal exit negotiations. We now have a bearish pennant. We will sell at 1.24700 if it is reached.

haylettc Feb 19, 2017

If the Euro rallies this week up to 1.7000, I will swing sell it immediately. Supply zone near an extremely strong bearish daily trendline point AND it's the 0.786 point on the Fibonacci indicator.

haylettc Feb 19, 2017

Here we have an inverse head and shoulders, a second last kiss to the broken trendline, a supply zone, AND bullish USD fundamentals. This should be an easy swing buy, with TPs at 114.800, 116, 118, and even potentially a new high for the past year, depending on data leading up to the rate hike decision and then the decision itself in March.

haylettc Feb 11, 2017

USDJPY immediately relatively bearish, to potentially form an inverse H and S. After this, it might rise both due to Trump's upcoming tax plan and due to the potential for a rate hike. This is somewhat tentative though. Price action in these zone will be key. If the dollar decides to go bearish for a little longer before looking forward to the possibility of a...

haylettc Feb 10, 2017

As you can see, our prediction from Sunday played out almost perfectly this week. At this point, buy on dips, at least until we get a potential head and shoulders formation. At that point, whether this reverses or continues upwards will depend on how hawkish the Fed is looking for a rate hike.

haylettc Feb 10, 2017

Our analysis was slightly off on Tuesday on EU. Not so much on the direction as the timeframe and shape. It looks like we'll get a Head and Shoulders formation on the daily, with an inverse Head and Shoulders on the hourly about to give us the reversal to complete the right shoulder. From that point, dollar bulls should take charge again and EU should reach...

haylettc Feb 7, 2017

EURUSD moved somewhat faster than we expected, dropping to the bottom of our supply box and then rebounding up to trendline for a solid 50 pips. It hit our TP exactly at 1.07550. However, because that move completed so quickly, it was easy enough to see it would not be the real move, especially after it respected the trendline. EU is quickly approaching a zone in...

haylettc Updated  Feb 6, 2017

After mixed data surrounding NFP, I expect that USD could be momentarily bullish at market open this week. However, from a technical perspective we can see that USDJPY has formed two potential bearish triangles, one on the Daily and another on the 4hr last week. Fundamentally, a rate hike is now off the table for at least a month's time and despite positive NFP...

haylettc Updated  Feb 6, 2017

From a fundamental perspective, USD data was mixed, if not slightly weak after NFP. Additionally, Russia and China just signed a deal signaling that they will move away from using the USD for their trade with each other. At the moment that's more of a symbolic move, but symbolic moves still change charts. From a technical perspective, late December/early January...

haylettc Feb 5, 2017

I'm not quite as certain about this as I am about my EURUSD analysis. There's a lot of uncertainty in play for the British Pound right now. However, I don't currently have much confidence in the US dollar. Now, this pair could possibly reach as low as 1.23150. However, my buy limit will be right on the 0.50 on the Fibs at. 1.23900. I'll be sure to leave margin...