vadaszhun's Blog
USD/JPY
We are still short on USD/JPY. Although it has formed couple of more bars for upside but that has not changed the bigger picture. We are looking for the strength on this pairs across the board. We may see some short term buying on USD pairs because of the rate hike but after that we may see fall again on USDJPY for medium term.
GBP/CAD
This pair GBP/CAD will be under more consideration next because we are having BOE rate decision next week and they are looking for the hike. Watch lower trend line for price action. We are looking for one more bullish wave on this pair. Close below the previous wave will change the bullish pattern . It can be a good chance a make buy position but carefull bicause when break the trend li it can drop down hardly.
GBP/USD
Next weeks I see a good chance make buy position on all major currency again USD. On this pair we can made 80-100 pips profit.
EUR/USD
On EUR/USD is down trend on the way. If DX7 go down I see good chance to make buy position. With this position can earn 100-150 pips
USD/ZAR
Today USD/ZAR hit my new trend line which start at 6 of september. If today don´t broke it then it have good chance to drop back to 1.36000.
DX7- US Dollar Index
Today DX7 hit upper side of downtrend, which start at the beginning of this year. I see two scene: first when DX7 cross the line and rise to next resistance at 96.00-97.00 or its drop below 90.00. Any of these scene will certainly have a big impact on the major currencies
USD/JPY
Today USD/JPY pair reached a key resistance level around 114-114.5 which had reverse trend last 4 times. Now it´s a good time to use correction to make profit. First price for TP is around 111.697 next at 110.296 and a lowest is 108.985.
Next week outlook for EUR/CAD
The Last week, the price ended near to the uptrend line and if don´t break it tomorrow then it have chance to drop 100-200 pips down.
USD/MXN
After 2-3 days relaxing USD/MXN find the way to go up. Its good start for the week to place a buy position and TP at 1.27000