Eurusd still holding upside channel 2 scenarios here bear flag if support break or a retracement toward 1.34 while currently still looks heavy in crosses. For bears key will be sub 1.2950 test.
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I took this short once news calmed down was a clean move. we broke trend line & we had lower high‘s on each bounce up then price moved faster so I moved my target for more 10 pips at 1.5690.
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Still watching daily downside channel broken on the downside
Watch key levels here for bounce.
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Watch here right at an old uptrend Eurusd blow up
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Update 1.
Moves upper side of the channel here & watch again FIB & higher key pivotal resistance:
Finally we moved toward 1.31. Today is the most serious test toward 1.31 as we cleared 1.3083 but still watch for 1.31 in NY session
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GBPUSD quick chart 1h watch fibs still holding 38.2 fib
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Update 3:
Watch how I built second uptrend using first.
Second update we broke last downtrend & hodling above 1.30.
Eurusd still facing 1.3030 resistance despite SPX & stocks gains in london this morning.
Check chart
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Quick chart update into Friday close post Fitch rating warning. Need to break downtrend.
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Been a while didn’t update my blog.
So here is my latest Eurusd Hourly chart, notice how we broke the downside channel after we tested 1.2950.
On the upside 1.31 is key resistance and above we would see further resistance at 1.3170-80. My bet currently is for a bearish flag as long channel holds.
Chart 1h
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All in chart check comments also check previous post over GBPUSD
Your comments too are welcome and you can always reach me on twitter @fx_13.
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Cable is on the upside since the opening this week recovering post BOE minutes losses.
Watch 1h chart channel on the upside short term target 1.56 & most intersting we are breaking downside trendline. Key fibs in chart too & range levels as last week gap will be in play.
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Chris have been denying this so I catched this video on live account.
Notice this happened right at 1.34 test today 21 september in NY. Had issues too at 1.35 test. So ticks were totally missing arround. It happened yesterday at FOMC too. So watch how after freeze while chart show current bar & we have a strange gap will get the missing ticks when the freezing happened and we could see the lows!
Watch price freeze in video starting… nice no?
More infos also on forex factory.
This is bad as this is lasting month’s while Go markets denying and talking only about firewall issues mainly.
Added here a second video as you see connected and comparing to a demo feed! ENJOY
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Usdcad now facing a key resistance level check daily chart.
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Usually I’m a quick scalper but this plan worked over expectation and now time to banks some solid pips as I’m over +880 in first short and been even +900.
Good start after summer time.
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(Please click on thumbnail to enlarge)
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Eurusd despite Italy vote, Europe is now getting louder over Greece to follow plan.
On daily chart we head toward a triple bottom. I would think more about a break and new year lows if we can get daily close below 1.3950. Levels on 1h Chart too.
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(Please click on the forex chart thumbnail to enlarge)
On calendar key events will be:
@ 11:00 GMT BOE decision
@ 11:45 ECB rate decision no big bang here but later in Trichet conference @ 12:30 GMT.
Also later market will be looking for 300 billions$ jobs plan. Let’s see if he can get it!
And what finland think about Greek bailout:
"Jyrki Katainen, Prime Minister of Finland, told the country may not participate in second Greek bailout if the nation's demand for collateral in exchange for financial aid for Greece is not met. Such an outcome "remains a possibility," Katainen told reporters on Wednesday. "It depends on the collateral issue."
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Seem USDCAD building a bull flag.
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Cable is still under pressure but key today is Bank of England QE decision. Market is expecting more QE ( Currently stand at 200B). More QE will weaken Pound. Still don’t think BOE will be first to step in. So let’s see bounce over 1.59-1.5940 area or break lower. Key levels on the upside in chart also down trend still not broken as 1.6140-70 is key pivotal area on the upside.
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We bounced off key retracement fib yesterday 1850-53 remain a important resistance in short term. Double top building but uptrend still valid and not broken.
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No big change in chart moslty downside levels as 1.4050 remain a very strong support.
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Gbpusd chart watch for levels and gap still open as risk prevail. No key data today for GBP.
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I was bearish toward Eurusd as long 1.4550 was holding & failing to break. Also seeing last week Greek 2 year yield bouncing above 40% was the trigger. Charts backed that showing a bear flag building after this week opening first consolidation and then quick drop.
After Ny closing each time the question was bank or stay in trade. Important to understand why staying in trade as each time key support was still under pressure and no reaction in asia and stock market was back bearish at euro zone debt. Eurchf too was accelerating and moved back below 1.15 showing too risk off & flight of Euro.
Better check the chart so clean trend & move.
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(Please click on the forex chart thumbnail to enlarge)
Eurusd still unable to break above 1.4550 key pivotal resistance. Euro is holding these levels mostly due to USD weakness while Euro sovereign debt still building & ECB buying bonds to calm down market. The issue is not over as growth slow down. Watch 1.4550 on the upside break up toward 1.49/150.
On short term we have support at 1.44 1.4370. Levels on chart.
Your comments too are welcome and you can always reach me on twitter @fx_13.
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Gbpusd levels as range still holding. Watch again key ping pong levels.
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Usdchf 1h downside channel breaks lower & move accelerate before quick pullback & back trying to break on the upside still see a test of 0.80 key pivotal support.
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Audusd chart & levels
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Levels and upside trend in danger
Audusd broke 1h upside channel and still finding support at 1.0430
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Audusd uptrend channel on 1h chart & levels
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Silver after Sunday gap where move jumped from support trend quickly formed a top to test back below 42 & below support up trend & testing fib level
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Watch our key short term support & resistance for exiting this range.
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Key data to watch:
Tuesday 23
@ 09:00 (GMT) EUR German ZEW Survey Prev –15.1 Exp –26
@ 14:00 (GMT) NEW Home Sales
Tuesday 24
@ 08:00 (GMT) EUR German IFO
@ 12:30 (GMT) USD Durable Goods
Tuesday 24
@ 08:30 (GMT) GBP Gross Domestic Product
@ 12:30 (GMT) USD GDP
@ 13:55 (GMT) USD U. of Michigan Confidence
@ 14:00 (GMT) Bernanke give speech
