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NZDCAD

NZDCAD has had a very good run of late but is running into 15 year resistance and with very few non-USD catalysts it seems to have no reason to break on higher and thus the path of least resistance is very much to the downside.
We can see the triangle that is appearing here and as such I expect it to be capped and floored for the meantime at these levels.
A closer look shows how the market is seemingly overrun to the upside and due a correction.
The move has pushed us into a resistance zone, and…
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AdrianWS 30 Nov.

I hasn't dropped as much as I'd hoped and has merely consolidated at the higher end, still looks good, but a longer duration needs to be considered.

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Good work

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EURUSD topping formation

The EURUSD has rallied significantly and has recently threatened the 1.3711 high. The pair found heavy selling up towards 1.3610 and a breach of 1.3646 would result in a move towards 1.3711. But currently we appear to be setting for a bearish H&S signalling that a top may be in soon.
As we can see here I shorted the pair up at 1.3580 and am looking for a move down to the previous major swing high at 1.3410.
A longer term daily chart would suggest that we've broken higher, but I somewhat disagree…
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AdrianWS 30 Nov.

it has dropped after setting a high in the 1.38's, but overall being long USD is still a good play.

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USDJPY

The JPY has been at the mercy of the US yields for the past few sessions, and this isn't going to change. The 10's and the USDJPY have been trading tick for tick and with the likely taper soon upon us the UST 10's are likely heading to 3%, this means the USDJPY will almost certainly be back above 100, and approaching previous highs.In the short term, and for the rest of August, $JPY should be well defined in a trading range under 100 as US yields struggle to break much higher.The daily chart is …
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AdrianWS 14 Sep.

So, we did break out of the triangle, but... we quickly ran out of momentum and heading back lower into the mid 99's. However I still see us closing in and around the 101 area by month end assuming a base-line of $15bn taper

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AdrianWS 21 Sep.

Well we didn't see tapering, but the USDJPY recovered remarkably well and looks like it wants higher going into month end

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VTTG 26 Sep.

Best wishes for you!

VictoriaVika avatar

Great

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ANABEVZ 18 Aug.

good!

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