The USDJPY is forming a daily Doji at what appears to be triangle resistance (on the daily chart), hesitating as it bumps against upchannel resistance (on the 4hr chart). Nevertheless, with the USDJPY arguably having broken this week above triangle resistance (on the weekly chart), odds are decent for a weekly close above the psychologically key 135 whole figure level…
The AUDJPY has gained more than 200 pips from Tuesday’s low, and is now forming a weekly Hammer just a few days’ volatility from the 2022 high. Odds are elevated that the AUDJPY will want to consolidate the balance of June near its current 23.6% Fib retrace of the slide from the Oct 2007 high to the Oct 2008 low (as seen on tradingview.com)…
The EURJPY is trying to halt the slide from the April high, bouncing yesterday off the 38.2% Fib retrace of the March to April rally. Nevertheless, the EURJPY remains vulnerable as a volatility spike is likely to be seen by early next week with the triangle (on the 4hr and daily chart) near complete…
The AUDUSD appears to have halted the correction from early April, finding support at prior downchannel resistance (on the weekly chart). Yesterday’s break above downchanel resistance (on the 4hr chart) gives a bullish bias to the triangle-like pattern (on the daily chart)…
The EURUSD consolidated in today’s Asia morning after surging a second straight day yesterday. Significantly, the EURUSD has just reclaimed the January low and the 50% Fib retrace of the February to March bear extension…
The AUDUSD is consolidating in today’s Asia morning, tiring as it bumps against the psychologically key 0.75 whole figure level. Significantly, with the massive rally since the January low near the psychologically key 0.70 whole figure level, the AUDUSD has broken above downchannel resistance (on the weekly chart)…
The VIX (VX) is consolidating in today’s Asia morning yesterday’s surge from the psychologically key 30 whole figure level. Significantly, although the VX appears likely to retest its 2022 high (from last week) before month end, any headline around a Ukraine-Russia ceasefire or the FOMC and US Fed rate announcement Wednesday could first send the VX sliding back briefly to the 50% Fib retrace of the January-March rally…
The EURJPY is consolidating for a 5th day near ascending triangle resistance (on the 4hr chart). Significantly, the EURJPY appears poised to resume its breakout last week, above a triangle resistance (on the weekly chart)…
The EURUSD is consolidating going into today’s European morning after 3 straight days of gains. Significantly, the EURUSD is once again trying to halt the downchannel (on the weekly chart), with a test of downchannel resistance coming as early as after today’s 745am EST release of the ECB’s Main Refinancing Rate and Monetary Policy Statement, or following the 830am EST ECB Press Conference…
The GBPJPY is trying to form its 6th straight green daily candle, but could begin consolidating today as it bumps up against ascending wedge resistance (on the daily chart). Significantly, the GBPJPY has decisively broken a downtrend resistance line (on the weekly chart) connecting the May and September highs, and is suddenly back to near the 2021 high formed in May…
