Only charts

As advised in an earlier post , usdjpy rallied from 112.60¥ and currently testing 113.50¥ which is around 78% fibconnaci retracment level A short position can be opened at current level with target 112.80¥ and stoploss on any 1h candle close above 113.50¥ . A break above 113.50¥ will send the pair to 114.60¥ area. RSI indicator is currently sitting at 70 mark .  There is no much of economic data today , key event will be CPI inflation data to be released at 13:30 GMT.

fed's williams: further wage growth should raise overall u.s. inflation a bit above 2 pct target fed's williams: wage growth pretty consistent with productivity growth and low, stable inflation fed's williams: 'at some point in time' it will be less obvious that fed needs to raise rates

$usdjpy is trending this week steadily , currently trading at 113.60¥ , I expect the pair to have clear path towards 114.60¥ during this week. Dollar is gaining strength across the board against euro and sterling . A break below 113¥ will make this trade invalid . Stay long and take minor profit at 114.60¥

At the beginning of the week , i recommended selling the euro after closing the gap on monday at 1.1935$ The pair hammered to 1.1716$ , my recommendation was to book profits at 1.1770$ , Now I recommend going long at current levels between 1.1735-50$ targeting 1.1770$ , 1.1830 and finally 1.1890$  ... Any close below 1.1730 area would send the pair to 1.1650$

The pair has pulled back slighlty after rallying on friday on back of FBI investigating hillary clinton emails again. Euro rallied almost 60 pips after the news and pulledback to previous resiatance area at 1.0940$ The pair might be taregting 1.10$ as first target if that area holds. Stop loss would be on 1 hour close below 1.0940$ or 1.0920$ where trendline might lie and provide some support..

The pair "usdjpy" has been on rally since yellen stated "the case for rate hike has strenghtened" , the pair rallied more than 350 pips since friday and it was supported by a trend line on the 1h chart. However the pair is currently testing the upper band of the downside channel. The pair has been in downtrend channel since january and is currently testing the channel up at 103.70-80¥. Trade recommendation : Short the pair at this point targeting 102.20 ¥ Stoploss if the pair closes the day above that area. You can wait for a break of channel and enter long . However put in mind the possibility of rate hike in september. we have two scenarios ; the first one is that usdjpy is going to respect the channel for the moment and pullback to trendline support on the hourly chart where 102.20 lies and rally again from the point and break the channel on the news of rate hike . The second scenario is the pair breaking the channel and testing the upper trend line of the...

USDCAD has been trading in an uptrend channel for the last 7 0r 8 trading days . After the us fed declared that the economy is still in pace and working fine with employment figures and wages . No assessment of the inflation has been mentioned so the dollar reversed the gains momentarily. Of course , personally believe that charts rule and the fundamentals are just the catalyst. Fundamentala come out at the perfect time to make the markets move in the right direction. Anyway , as below screenshot of #usdcad chart on the 4h time frame , the pair is holding above the 200 MA and first area of support lies around 1.3130 area , the pair ia expected to fall to this area and beyond after breaking the channel.