The GBPUSD is trying to firm after getting rejected at downchannel resistance (on the daily chart) and sliding roughly 100 pips. Regardless of any further profittaking in the next day or so, odds are elevated for a resumption of the rally off last week’s fresh 2023 low to the 2023 high by April sometime…
The USDCAD is nearing the 2022 high, with the catalyst for forming a fresh 2022 high arriving as early as today following the 10am EST US ISM manufacturing PMI. More likely though is for any break to occur only after Friday’s highly anticipated US Non-Farm Payrolls and unemployment rate…
The USDCAD is in the advanced stages of consolidating near the psychologically key 1.30 whole figure level and 2022 high. Odds are elevated that the USDCAD will sometime in July, extend its Bull market to the November 2020 high, which happens to be the 50% Fib retrace of the March 2020 to May 2021 slide (as can be seen on tradingview.com)…
The USDCAD is consolidating a second straight day after Tuesday’s surge to just above the psychologically key 1.30 whole figure level and 2022 high. Odds are elevated that the USDCAD will sometime in July, extend its Bull market to the November 2020 high, which happens to be the 50% Fib retrace of the March 2020 to May 2021 slide (as can be seen on tradingview.com)…
The USDJPY is trying to form its 4th straight day of gains going into today’s European morning. Significantly, the USDJPY has bounced strongly this week off the psychologically key 115 whole figure level and is now a day or so’s volatility from its 2022 high…
The USDCAD is catching its breath going into today’s European morning, digesting yesterday’s reclaiming of last week’s high. Significantly, the USDCAD is gathering steam in its upchannel extension (on the weekly chart), where odds are now fairly high for a test of the 2021 high by Q1 sometime…
The USDCAD is edging higher going into today’s European morning, consolidating yesterday’s 100 pip plus reversal off its intraday low. Significantly, the USDCAD is now well on its way to extending an upchannel (on the weekly chart) over the next few months, with the October low significantly higher than the May low…
The USDJPY is in the advanced stages of a week plus Bull Flag consolidation (on the daily chart), firming just below last week’s intraweek burst to a new 2021 high. Significantly, the USDJPY is arguably completing a broader Bull Flag consolidation (on the weekly chart) that began early April, with odds high for a reclaiming of the 2020 and 2019 highs in the next week or so…
The USDCHF is seeing a bit of healthy profittaking in today’s Asia morning after 3 straight green daily candles. Significantly, although the USDCHF is bumping up against upchannel resistance (on the daily chart), it has completed last week’s consolidation and has arguably begun once again, extending a major upchannel (on the weekly chart)…
The Nasdaq100 (NQ) is trying to firm after yesterday’s near 1% slide, but remains vulnerable to a deeper selloff as early as today. Significantly, NQ is showing fatigue in its bounce off last Monday’s September low, with odds high for a retest of the psychologically key 15k whole figure level in the hour following US Fed Chairman Powell’s comments at 10am EST…
