- This topic has 28,382 replies, 54 voices, and was last updated 37 minutes ago by .
-
EURUSD Weekly
Supports : 1.08000 , 1.07850 & 1.06800
Resistances : 1.08650, 1.09150 & 1.09850
Most important Support now is 1.06800 – it separates us from 1.01000…
What I see on this chart are 5 attempts to reach the Downtrend line ( currently at 1.13650 ) and 5 times rejection on lower parallel line , and all within last 12 months.
If all goes well and EURUSD continues Down ( we have only first signs of it ), 1.01000 would be in grave danger – as it opens a road for way lower levels….like 0.75
Talking Big, as market is pretty lame when it comes to intraday moves …goes undecided , just to start a sudden move , but without any visible strength – so difficult to trade it with the confidence.
EURJPY DAILY CHART – CARRY TRADES UNWIND
JPY is not only up vs. the USD but even more so on its crosses, suggesting the carry trade unwid continues.
With that said EURJPY has tested 1 64.32 support so see if it holds as it would have implications for EURUSD as well.
Note layers of red line support from 160.20-164.00
NAS100 ONE HOUR CHART – GAP OPENING
i AM NOT SURE HOW SIGNIFICANT A GAP IS IN a CFD that does not open right at the start of a new day.
In any case, S&P has a gap lower opening as well.
See key levels (still above them) on this chart as it tries to build downward momehtum,
S&P 5500 is the obvious pivotal level.
USDJPY DAILY CHART – TARGET HIT
Having hit the 154.50 target and then some (low 154.36), this level become pivotal in dictating whether levels shown on this chart get exposed or 155 exerts a magnetic pull.
If I was in the BoJ’s shoes, I would be quietly in the market taking back some interventions and smnothing the market but I am here typing and trading, not a central banker.’
‘
Bottom line, 154.50 and 155 dictate what comes next.
- You must be logged in to reply to this topic.