Looking at UJ from a weekly perspective we can clearly see that price is consolidating. This week I am expecting a break of consolidation on the weekly since there is quite a bit of news and all of the world events taking place. From the looks of it, I am expecting a break of consolidation towards the downside. Before this happens, I can see price retracing a...
As you can see we broke weekly trend last week. Right now price is retesting the trendline along with broken support. It is a good sell opportunity with a lot of pip potential. Short around 147.3 with a take profit around 143.4 or desired pips
With NFP happening this Friday and the potential tariffs being put in place by Trump, gold is in an interesting spot. I am still very bullish on gold overall as we closed above the 1300 price level on the monthly chart. From the looks of the daily chart, with downward momentum, we could fill that big daily wick down to about 1305, but I don't see it going much...
This week there is a lot of news regarding the dollar and the yen. In a perfect world we see a pullback to 105.4 and take long positions targeting 105.95 as target one and 106.4 as target two. Since we may not pullback that far, I am still bullish on the dollar this week as we need to retest broken supports and as the market sets up for NFP on Friday. Take...
UCAD has been making higher highs and higher lows over the last couple weeks. When the market opens up, I will be looking for price to bounce off of the 1.26200 level. I'm looking for buys with a tp around 1.2900 level.
