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Technically speaking as I mentioned in my blog yesterday it looks like AUD/USD and EUR/USD are poised to move south. USD/CHF, USD/JPY moving north.
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Yes, very true
AUD/USD and EUR/USD have been doing quite well the last month or so if you've been long.
81% of traders are net short at the moment.
USD/JPY has retraced about 250 pips down to it's 50 day sma. A critical area of decision making.
USD/JPY 81% of traders are net short.
USD/JPY has retraced about 250 pips down to it's 50 day sma. A critical area of decision making.
EUR/USD has only 38% net long sentiment
The EUR/USD pair has moved up nicely from it's downtrend breakout. At some minor resistance now at the 1.0940 level. Up about 240 pips from the 11-3-23 analysis alert.
56% of AUD/USD traders are net long.
After a rocky start from the downtrend breakout to the upside the pair has made a bottoming head and shoulders pattern also known as a kilroy. We have the price above the shoulders now and some fresh air above and continued weakening of the US dollar
Massive fake out/ whip saw the last couple of days with AUD/USD
The AUD/USD pair retraced all the back to the breakout, caught support and retraced, it had a good 100 pip day.
EUR/USD gained almost 200 pips in 24 hours.
hourly support at 107, looking good
USD bounced very strong off hourly support today
Very possible further weakness for EUR/USD
Hey y'all check out the USDJPY board!
Since 5-23 Ninja has appreciated 1,400 pips for buyers
That Ninja pair USD/JPY weakening still at 151.0 now. Awesome if you've been a buyer
USD/CAD uptrend appreciates about 400 pips since 8-10-23
AUD/USD daily chart downtrend break it seems
That AUD/USD went up 120 pips and gave it all back and seems to be testing support now.
Hi Penny Roger$. Very cool and check out our other board USDJPY.
The pair is powering to all time weakness levels just shy of 152.0. 151.02 at this minute. Up 1,400 pips since the first of May 2023
The Ninja pair closed the day at 150.46. This pair has been on fire and at daily resistance. And historically weak for the yen. https://www.forexlive.com/news/usdjpy-tags-15000-then-rebounds-eyes-on-the-bank-of-japan-20231102/
It looks as if the Aussie pair AUD/USD has broken it's downtrend that started back in mid July of 2023. This could be the start of a nice short squeeze as the banks lured a lot of shorts when the trap was set on October 1 at 0.635. The squeeze and pain for the longs has started and we finished the day at 0.6436. Always remember that the banks manipulate and then exploit. The banks are always in control and we follow their lead.
Japanese Yenhttps://tradingeconomics.com/japan/currency
Jul 13, 2013 — The Japanese yen held its recent decline past 147 per dollar, approaching a 32-year low of 150 hit in October last year as the Bank of Japan is expected to keep its ultra-loose monetary policy. ..
The Ninja pair USD/JPY continues its weakness surging up towards 150. Since October 2021 the pair has earned 4,500 pips if you were long.
Japanese Yenhttps://tradingeconomics.com/japan/currency
Jul 13, 2013 — The Japanese yen held its recent decline past 147 per dollar, approaching a 32-year low of 150 hit in October last year as the Bank of Japan is expected to keep its ultra-loose monetary policy. ..