AUD/JPY has dropped 5.5% from August highs finding a price zone where major reversals have started. Also coincides with June close – July open price. Watching closely for trend line break and a hold above for confirmation to enter. Fundamentally it is quite difficult to go against the Japanese Yen…

CHF/JPY has made 114.000 a potent level for change in price behavior. It also collides with the 33 RSI band which since August has been the true oversold support level. The base of a wedge provides us defined entry focus and stop levels we can hawk and enter at a…

CAD/NZD broke through a multi – month trend line and targeting at least 1.1500 Elliott Wave – CAD/NZD Completing the B Wave of the possible ABC ZigZag or Wave 2. Commencing the bare minimum wave C or extended impulse wave 3 to break A.  Key Points: Price below above the…

The confirmation for this EUR/GBP continuation would be a solid close below the trend line, but for higher reward to risk ratios, candlestick reversals at the APEX are also desired. Wedge patterns are generally a sign of trend continuation when broken to the downside, and when found within bearish momentum…

DXY strength, the FED indicating they will continue with pedal to the metal and hold rates at zero until labour market is back in full force and inflation recovers to 2%. The market turned straight to the DXY for strength and in turn all DXY denominated assets fell including BTC/USD.…

AUD/USD Daily chart forming a flag consolidation at the trend line indicating possible short-term fall. Scenario 1: Consolidation touched both 50 and 61.8% of Fibonacci which was respected and fell. Now we can look at the continuation fall from current price for the AUD/USD to break September lows.  Scenario 2:…