I am SHORT on USDCHF from 2,618% extension from the double bottom.First Profit TARGET around 0.9415
I have a pending SHORT order on USDJPY at the 127.2% Extension around 107.72.My target PROFIT will be around 104.00 , for a retest of the Breakout and ultimately LONG again for the 1.618% extension around 110.50/70
1.618% Extension matches the completion of the ABCD move upwards.
The SHORT trade on NZDUSD paid off at the second TARGET PROFIT at 0.8220 , now I am looking to get LONG on the pair.The 0.886% retracement is 30 pips away if it get there I Will go LONG with STOPS below "X" and FIRST profit TARGET around 0.8400/15
SHORT Entry at 1.618% Extension at 1.170 with STOPS above "X" at 1.1280
78.6% Retracement at 10.870 Level I think is a KEY LEVEL to watch for a reversal in USDOLLARIndex at least to 10687 which is the top of the KUMO cloud.If the price gets to that LEVEl ( 10870 ) I will consider to go SHORT on USDJPY .
171.00 to 171.30 are my ENTRY points for SHORT on GBPJPY.First Target Profit at 167.50
That is what I expect to be the course of the Dollar Index in the near term
The LONG position in AUDJPY is progressing nicely at this moment ,I would advice caution as we are approaching the 127.2 % Extension around 98.13 as we may encounter some resistance there and maybe a pullback to retest the break of the consolidation area at 96.60
Waiting for another 50 pips DOWN to ENTER LONG on GBPUSD around 1.6470
USDollar Index being at 50% retracement and expecting some resistance at that level I will go LONG on EURUSD for 1.3280 TARGET with STOPS at 1.3080.
We reached the 50 % retracement from the recent high and the top of the Kumo cloud also overbought on the weekly chart.I am expecting some resistance here and a retracement back to 10630 before another push to the upside.
Being extremely Oversold on the weekly chart I am neutral on EURUSD at this time , waiting for a retracement to the base of the Kumo cloud around 1.3360 / 80 then I will SHORT again for the 1.3000 round number as the target.
If the price moves lower to 103.30 I am a Buyer with a stop loss at 102.60 and a target price up to 106.50/70 area in the coming days.We have an event risk ( US GDP ) in less then 2 hours - expected a 4% reading from a -2.1 % previous.This could be the catalyst to send the USDJPY higher.
The USDOLLAR Index reached the 1.618 extension from the double bottom and reversed .We could see a retest of the breakout from the Triangle and then up again untill 2.618 extention around 10825