DXY
US Dollar Wyckoff is still in play and appears to be working out well.
AUDUSD
AUD is coming off the highs we identified last week. Look for 0.6850 for a swing short.
EURUSD
EURUSD potential for further upside has been invalidated. We’re now at trendline support so look for a break with volume.
GBPUSD
Another short contender. Look for 1.315-1.320.
USDCAD
USDCAD is still long-tern sideways. We would be interested in a long should we get a retracement to 1.3680.
USDCHF
USDCHF is looking like a decent long contender. Breakout of the flag retracement supports a quick entry at the start of this week.
NZDUSD
Finally got the retracement we’ve been expecting. Look for 0.57c.
USDJPY
Indecisive market after the intervention. Keep an eye on that 160-162 are for further involvement.
XAUUSD
Bearish on the back of a stronger USD. Look for support levels 4,400 and 3,900.
XAGUSD
Another short option. Hugging a medium-term trendline. Look for intraday shorts on the break with target around 69.0 support level.
US Oil
Market momentum/interest has ceased. In consolidation mode for now. Potential for range-bound intraday strategies, but no valid option for swing trades at this point.
Disclaimer
The information provided in this article is for general informational and educational purposes only and does not constitute financial, investment or trading advice. The views expressed are the author’s opinions at the time of publication and may change without notice. They do not take into account your personal financial situation, objectives or risk tolerance.
Financial markets involve risk and past performance is not a reliable indicator of future results. Readers should conduct their own research and seek independent financial advice before making any investment or trading decisions.
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