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Asian Session Update: #Bitcoin has reached the 161% extension at 103794 as expected. RSI is very divergent, so caution is not warranted for bulls. This is a long term completion level target
December 5, 2024 at 3:22 AM
Asian Session Update: #Bitcoin has reached the 161% extension at 103794 as expected. RSI is very divergent, so caution is not warranted for bulls. This is a long term completion level target
Intraday Update: As the FX market goes into month end flow trading (on a big US holiday week) the GBPUSD traders are paying very close attention to the 1.2620's. A break of this level today would allow for a move back to the 1.2725 level and near channel resistance. US data dump today at 8:30am ET
November 27, 2024 at 11:41 AM
Intraday Update: As the FX market goes into month end flow trading (on a big US holiday week) the GBPUSD traders are paying very close attention to the 1.2620's. A break of this level today would allow for a move back to the 1.2725 level and near channel resistance. US data dump today at 8:30am ET
Asian Session Update: #USDCAD broke higher towards the channel resistance at 1.4170's as Trump proposed 25% tariffs on Canada and Mexico. Keep in mind, he is NOT president YET. However, it has freaked any USDCAD shorts out of their positions. Channel resistance should be strong in European trade.
November 26, 2024 at 1:10 AM
Asian Session Update: #USDCAD broke higher towards the channel resistance at 1.4170's as Trump proposed 25% tariffs on Canada and Mexico. Keep in mind, he is NOT president YET. However, it has freaked any USDCAD shorts out of their positions. Channel resistance should be strong in European trade.
Intraday Update: The $EURUSD bear flag has continued lower today hitting lows not seen since 2022. Fresh lows were made below the 1.0440's and we'd expect that sellers are going to be in this area ahead of the US PMI's. The bear flag measures to just below the 1.0300 level.
November 22, 2024 at 11:05 AM
Intraday Update: The $EURUSD bear flag has continued lower today hitting lows not seen since 2022. Fresh lows were made below the 1.0440's and we'd expect that sellers are going to be in this area ahead of the US PMI's. The bear flag measures to just below the 1.0300 level.
Intraday Update: #EURUSD pivoting off flag support as the 1.0600 level remains key resistance for the pair. It's flag resistance and the 61.8% retracement. A move below the 1.0540 would target 1.0500 once again.
November 20, 2024 at 12:04 PM
Intraday Update: #EURUSD pivoting off flag support as the 1.0600 level remains key resistance for the pair. It's flag resistance and the 61.8% retracement. A move below the 1.0540 would target 1.0500 once again.
Intraday Update: The #EURUSD may be developing a bear flag pattern while below the 1.0600 level resistance. Support would be the spike lows following the headlines out of Russia at 1.0523.
November 19, 2024 at 12:02 PM
Intraday Update: The #EURUSD may be developing a bear flag pattern while below the 1.0600 level resistance. Support would be the spike lows following the headlines out of Russia at 1.0523.
Intraday Update: The #USDCAD has worked off overbought intraday RSI's and is now mid range. The pair has also found support at the 38% retracement at 1.3999 (today's low at 1.4004. Further support is 1.3979 and back above 1.4050 may suggest the near term pullback is over. Retail remains net short
November 18, 2024 at 7:49 PM
Intraday Update: The #USDCAD has worked off overbought intraday RSI's and is now mid range. The pair has also found support at the 38% retracement at 1.3999 (today's low at 1.4004. Further support is 1.3979 and back above 1.4050 may suggest the near term pullback is over. Retail remains net short
