2016Sep15 I am shorting the pair to 133.10 with a stop at 135.43. The target falls on the 61.80% fib level on the retracement. It looks as though the pair may finally break the support it has been hammering at since Sep 8th. Assuming the support begins at 135.09 the last 4 candles on the hourly chart have closed below or at the support line. This make it look...
2016Sep15 I am going short to 1.1219 with a stop at 1.1283. Large upper candle wicks are generally followed by a strong retracement. The retracement often reaches the 138.20% fib level. I am remaining conservative and only going to the 100% level since the US sales data that just came out was not very positive for the dollar.
2016Sep12 I am going long to 1.1271 with a stop at 1.1200. The price has already retraced to the 38.20% Fib level (1.1241) after a very dovish speech from Brainard. With the possibility of a rate hike in the near future a little less likely I believe the pair will reach the resistance level of 1.1271 (view on daily chart).
2016Sep12 I am going short to 76.32 with a stop at 76.99. The price reached the 38.20% fib retracement level. There is a strong downward trend. The RSI is still dropping. The target takes me to a support level that started forming on July 6th.
2016Sep12 I expect the price to drop to around the 1.1182 level. Stop at 1.1269. The price has already retraced to the 38.20% fib level after the most recent drop of approx 30 pips. Lower highs. RSI is still dropping.
2016Sep12 I am going short to 112.50 with a stop at 114.78. The price hit the resistance that appears just before the 38.20% fib retracement level. A red candle is forming with a long upper candle. The RSI is still dropping.
2016Sep12 I am going long to the 135.50 level. I would have pushed it to the 38.20% fib, but the resistance that starts at 135.50 has me concerned. I placed my stop at 134.97 Just dropped approx 80 pips in a short time so I would normally expect a retracement to at least the 38.20% fib level. RSI is reaching the oversold level.
2016Sep12 I am going long to the 114.53 level. I would have pushed it to the 38.20% fib level, but the resistance that starts at 114.53 has me concerned. I placed my stop at 114.14. Just dropped approx 90 pips in a short time so I would normally expect a retracement to at least the 38.20% fib level. RSI is in an oversold state.
2016Sep10 I expect the price to drop to around the $1.1200 support level and then hammer it until it breaks. The retracement will likely occur at around $1.1169. The price has already retraced to the 38.20% fib level after last week's 75 pip drop. I would wait for a possible gap up and then enter the short trade, with a stop at 1.1245, once the window has...
2016Sep10 The price will likely continue down to $102.26 and possibly as low as $101.69. The 61.80% level falls below the support area at $102.51. The price keeps hammering at the 102.64 support level and will likely break through. Unlike the drop from $102.52 to $102.07 there are no bullish candles at the bottom. The RSI is headed down.
2016Sep10 The price has hit a support level. It will likely bounce back up to at least the 77.63 price level. If the price gaps up it will likely close the window and then head up. If it gaps down it will likely turn around and head back up. The price has been trending down on the Daily chart. The RSI has hit the oversold area.
2016Sep10 The price will likely continue down to $135.86 and possibly as low as $134.84 if the Consumer Price Index figures on Tuesday are not favourable. The price has been hammering at the support level of $136.11 and will likely break it. The price has been trending down. The RSI is moving down on the daily chart.
2016Sep10 The price will likely drop to $114.72 and possibly as low as $114.00. The price has been trending down. The RSI appears to be coming down.