uptime919

uptime919

EURJPY : Last 4H of the trading session and Euro holding gains over USD , while Jpy seems to be in a bear flag 4H and overbought Daily with its first red candle in 4 days. Target $120.40 short term(Daily 20ema). German industrial production expected to fall -.3%

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Aud Buyers holding strong after China Caxin Manufacturing Pmi confirmed to contract less than expected at 49.9 vs 49.6. Target $.1.61

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Over 85% net long. 30m bear flag, the fed cut rates and got a classic buy the rumor sell the news reaction . AUD rate decision next Tuesday, Target $.6750

uptime919

JPY retail sales come in solid at .5% vs ..2% forecast. AUDJPY Currently 82% buyers , no fundamentals until next Daily candle. Target $74.50 short term, in case of a flash crash $73.90

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Dark cloud cover Daily. Surprisingly Audusd net long positions are are a staggering 82% while net long positions for Audchf are at 75%. Chf should gain some safe haven buyers with it being above a Weekly support and the other safe havens such as USD and Yen have a heavy economic calendar which will raise uncertainty and volatility. With both U.S. and Jpy having...

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NZD coming out of overboight territory into bearish tweezer tops. Target 1H 200ema/4H 50ema @ $.6730. Nzd trade balance releases its trade balance tomorrow expected to have a surplus of 100M m/m.

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UC buy. Canada core retail sales miss expectations falling -.3% vs .3% forecast and Cpi came in flat @ 0% vs .4% previous. Short term target $1.3080 - $1.3110- $1.3140

uptime919

After a very volatile week of Fed speak , the euro has settled around its Weekly low ahead of ECB interest rate decision. The German economy continues to deteriorate faster than expected while the U.S. has showed some solid data the past 2 weeks. Daily there is a H&S pattern after the completion of the inverse H&S pattern that sent us up to $1.1414, later...

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Aud has had some nice Volatility from the RBA rate cut follow by impressive Trade surplus which sent the Aussie up .70% amongst the basket of currencies. Chf has been on a cool down after having a nice bull run which has Audchf leaving overbought territory 1D in form of a double top possibly bearish hammer under the 50ema. My target is $.6880 right above the...

uptime919

Despite having Manufacturing from both Germany and U.S. work against Euro, many see some strong resistance for another leg up. RBA did cut their rate to 1.00% and im targeting $1.6260 - $1.6360 on this pair after a massive dip.

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Yen took a majpr cool off with a gap down to start the week, risk off surging ahead of RBA rate cut as Yen is oversold 4H. Tp $74.90 short term

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RBA widely expected to cut interest rates by 25 bps. Cad had a nice cool down after high rsi and Dx showing strength, Nzd business confidence falls to -34 vs -29 previous. Aud new home sales coming up ahead of RBA , holding for a short term scalp to $.9110 , strong support at $.9105. If the press conference is dovish im looking to sell to the monthly 20 rsi @ $.9080

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Risk on appetite is high with Yen starting the week with a huge gap down. Tankan Large Manufacturing index Q2 will be released tonight and should add some Volatility along with German Manufacturing Pmi and employment in the morning. Target $123.70 (Weekly 20ema)

uptime919 Updated 

Risk on to take a boost after some Optimism over the weekend. Eurusd currently sitting in a Bullish Pennant above the 200ema forming a triple bottom. To start the Volatility this week German Manufacturing Pmi will be released expected to contract at the same pace (45.4) , Euro Unemployment rate and Manufacturing expected to remain the same also. Upside targets are...

uptime919

Daily Our shooting star from May 30th has retraced and created 3 black crows into a bear flag above the Weekly trendline. Targets $95.75(March 20 low) - $95.16 ( Jan 31 low) - $95.03 (Jan 10 low). First target is right above 20ema Monthly ($95.69) The New York Empire State Manufacturing Index plummeted 26.4 points from the previous month to -8.6 in June 2019,...

uptime919

Nzd had a nice run after being oversold and safe haven currencies seen weaker today, Nzd gained over .50% and mostly can be seen as a overreaction as business confidence misses expectations coming in at -38.1% vs -22.7% forecast, 6.1% lower than the previous reading . Target the Weekly 76.4% retracement @ $.8650

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Safe haven currencies under pressure as risk off assets surging, target 1D 200ema/50ema 1W @ $.75

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Yen extends weakness after leaving overbought territory with a nice red candle. BOJ maintains 1-3-year Japanese Government Bond (JGB) buying at 350B Yen while 3-5-year JGB buying was also maintained at 400b yen. Commodity currencies having a ball with safe haven weakness, also Cad had a .53% increase after a long legges doji increasing the chances of it surging in...