Prep Work - Week beginning August 5

in #forex6 years ago

EURUSD

Weekly Chart

Chart Link - https://www.tradingview.com/x/40J2as8n/

4 Hour Chart - Horizontal Resistance 1.11250 & Minor Trendline Resistance

Chart Link - https://www.tradingview.com/x/xcHvExMM/

Bias - Short ( Negated above 1.11300 )

Notes - DXY Flame Out Candle , may provide EURUSD upside
DXY Chart Link - https://www.tradingview.com/x/w1flt9To/

AUDUSD

Weekly Chart - On Trendline

Chart Link - https://www.tradingview.com/x/cwb32vKe/

Daily Chart - Horizontal Resistance 0.68240 January 2016 Low

Chart Link - https://www.tradingview.com/x/QQNQdF34/

Bias - Neutral though may get a short term reprieve rally

Notes - RBA on Tuesday & USDCNH near 7.00 may cap further AUD downside
USDCNH Chart Link - https://www.tradingview.com/x/FzLRrOYb/
Short on continued risk off flows & staying below 0.68300

GBPUSD

Monthly Chart - On Trendline

Chart Link - https://www.tradingview.com/x/hC1gNgIe/

Daily Chart - At Support Zone

Chart Link - https://www.tradingview.com/x/1FozhGJF/

Bias - Mildly Bullish

Notes - GDP Friday and Brexit?

NZDUSD

Monthly Chart - Approaching Trendline

Chart Link - https://www.tradingview.com/x/0NnCRpaS/

Weekly Chart - Near Trendline

Chart Link - https://www.tradingview.com/x/KPJ89CAa/

Daily Chart - Near Recent Swing lows 0.64800

Chart Link - https://www.tradingview.com/x/YmGfle3A/

Bias - Bearish Below 0.64750 and watch weekly trendline

Notes - NZ Employment Tuesday & RBNZ Wednesday

USDJPY

Weekly Chart - Broken Trendline to Downside

Chart Link - https://www.tradingview.com/x/RAjWcNq5/

Daily Chart - Resistance 107.00 -107.25 Zone coalescing a retest of Monthly Broken Trendline

Chart Link - https://www.tradingview.com/x/WQgTUGVh/

Bias - Short ( Negated above 107.500 )

Notes - Risk Sentiment , Trade US & China and US 10YR
US 10YR Chart Link - https://www.tradingview.com/x/egPlJrcd/

USDCAD - No Technical Levels of Interest, Price Capped between 50 & 200 DMA

Chart Link - https://www.tradingview.com/x/rSHbbHLI/

USDCHF - No Technical Levels of Interest - Price Closed Below 200 DMA

Notes - Sentiment & Risk Off

USDSGD

Monthly Chart - Price at Trendline , Resistance ahead at 1.38700
Chart Link - https://www.tradingview.com/x/Yvzfq2KA/

Weekly Chart - Price at Trendline
Chart Link - https://www.tradingview.com/x/t1slQw0H/

Daily Chart Link - https://www.tradingview.com/x/1xDtiSL5/

Bias - Long USDSGD

Notes - retesting monthly trendline in quicker succession , no resistance above 1.38750

EURJPY

Weekly Chart - Trendline Broken , Price under Support Zone

Chart Link - https://www.tradingview.com/x/uCHf5cJk/

Bias - Short

Notes - Watch EUR capped below 1.11300 & JPY capped below 107.500

GBPJPY

Weekly Chart - Price at Trendline

Chart Link - https://www.tradingview.com/x/xue5BVtD/

Notes - Potential Long on Risk on Flows & Low Brexit news
GBPUSD hold at Support and Yen bounce on better sentiment

EURGBP

Weekly Chart - Trendline Holding

Chart Link - https://www.tradingview.com/x/V5vln1fP/

4 Hour Chart - Swing high capped , potentially a distributive top

Chart Link - https://www.tradingview.com/x/pycQKbmC/

Bias - Short ( negated above 0.92100 )

Notes - Cable hold at Support , EUR capped at resistance 1.11300

EURCHF

Daily Chart - Failed to hold support at 1.0965

Chart Link - https://www.tradingview.com/x/CZrqDeUL/

Bias - Short ( negated above 1.098 )

Notes - EUR failing at 1.11300 , risk off

AUDJPY

Weekly Chart - At Horizontal Support

Chart Link - https://www.tradingview.com/x/CZrqDeUL/

Notes - Long/Short on Risk on/off

NZDJPY

Weekly Chart - at Horizontal Support

Chart Link - https://www.tradingview.com/x/Ham2KbgZ/

Notes - Long/Short on Risk on/off

cheerio
FXcrypto

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Good support in there lets see

So much content in here to start the week!

I do like the look of that EUR/USD chart with the retest. Price has opened the week strong though 💪🏻.

Posted using Partiko iOS

Yeah DXY under 98 handle , liking EURGBP shortside scalps on USD weakness :)

Dollar Yuan above 7 , Aussie dropping

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