PetrBorosh

PetrBorosh

USDJPY has always had a reputation of a very "technical" instrument. Certainly it is not anymore. Somewhat weird policy of the BOJ during pandemic changed a lot. Now it creates something like THAS (two heads and shoulders :) or Modified Wyckoff Distribution pattern :) Anyway, what I can see is the following: - price respected the Support level at FR 61.8 of the...

PetrBorosh

Again, technical analysis tells me that agains all the odds USD should start gaining, rather than loosing - what is widely expected. This time Aussie - the price has got to the Technical Resistance a bit ahead of time, what made it to balance over the level for few weeks. Now, when EUR got there too, Aussie may start to respect it al last. The level of 0.6549...

PetrBorosh

Polish zloty has recently been a very popular asset to invest. Probably is has been so because of high Interest Rates and weakness of USD overall Now, however, like EUR, it is coming to a significant technical support at 3.5597, where we have FR 61.8 of the multiyear uptrend move (starting in April 2011 - Yes) confirmed with FR 161.8 of the latest significant...

PetrBorosh

GBP completed HAS pattern and now is testing the Resistance cluster - what for me is the Bearish Validation of trend reversal to downtrend. Yet the price is staying within the downtrend channel. If price respects the Resistance and the channel - we are in the downtrend. Jus my humble opinion

PetrBorosh

Sterling Yen long term was consolidating since Aug 24. Now the price reached the FR 127.2 and respected it as Resistance. On Aug 1st the support at FR 100 was broken. Yet, price crossed down SMA200 (4H) Now price is testing the SMA200 from below, which is aligned with FR 61.8 of the latest impulse down. If the Resistance at 198 holds, price may commence a...

PetrBorosh

Further to my previous idea on SPX. SPX respected the Resistance at FR 161.8 at 6400. Price went down and reverted form SMA200 (4H) Now price has completed the Perfect Gartley Pattern and reached point D. If (against fundamentals) price reverts down from there and breaks down through SMA50 (4h), I will consider it as Bearish Validation and I will expect...

PetrBorosh

Further for my previous idea on EURUSD - we are getting to the Resistance cluster, which if respected will constitute the Bearish Validation for trend reversal to downtrend. The level will most likely be reached on the today's session, then I need to see the price crossing down SMA20 (4H) to confirm the reaction. Just my humble opinion.

PetrBorosh

Main German Index has always had an excellent reputation of ever-gainer. Now however, German economy has been slowing down for years and the outlook is far from bright. At least in my view. The price has reached the technical resistance at FR 127.2 and reacted to it. It has been consolidating in between FR 127.2 and FR 100 since June 5th, and on July 31st it...

PetrBorosh

Well, well - EUR used the NFP data to start the correction ahead of time. It used the FR 161.8 of the recent correction as support. And it did it in a impressive time... Now we are heading into Resistance cluster created by the April High and July Low (as wee and FR 38.8 of the whole movement form the July High. Yet the upper level of the cluster is created by...

PetrBorosh

- Price completed a perfect Crab Pattern, yet we all got to August 1st (second) liberation day - If bad mood continues, we can expect a correction: A. (positive) down to 6150-6000 B. (negative) down to 5800 Just my humble opinion

PetrBorosh

In my view EUR reversed and will continue downtrend for few weeks. However the price is quickly getting to significant support at 1.13500. The cluster is created by FR 0.618 and One to One with previous correction. I expect the price to make correction from the support and go up even to 1.15500

PetrBorosh

The price completed the bearish bat harmonic pattern. The level is additionally confirmed by another Fibo measurement and the price is at levels where usually returned. Yet, the surging USD is a bearish factor.

PetrBorosh

The first strong suport I can see at 1.31500 - 1.3100. This cluster is created by three Fibo Retracement measurements. I expect price to rebound form there and go up to 1.35400. I don's expect GBP to return to the uptrend - just make a correction and go down again. Just my opinion.

PetrBorosh Updated 

Technical Analysis - no fundamentals taken into account. EURUSD proce has just completed a perfect Gartley Pattern. If respected, proce will come down to 1.23748 at least. Potentially lower.

PetrBorosh

- Price got to the D point of the Bearish Butterfly Pattern - Price crossed SMA10 and and is now testing SMA20 - JP10Y-CH10Y spread keeps going up and reached 1.2% now

PetrBorosh

- if Gartley Pattern on EURUSD works, USD will be getting stronger over the next weeks - HGN25 is ca 30% above the 5 year average for Jul contracts - If tariffs don't come to effect - what I think will take place - the reduction in proce is possible - then perhaps the Gartley Patter may work. Hopefully Traders - have a good week!

PetrBorosh

- the slowdown in the US economy seems to be perceived even in Wall Street, or perhaps not, there they cannot see anything yet - the yield curve behaviour indicates potential recession - labour market shows symptoms of weakness - minor ones but still - carry trade goes away slowly - insiders sell not buy I am out if the Mag7 stocks for some time already, now I...

PetrBorosh

- I am bearish on EUR, though the main stream media narrative seems to be opposite - the rate will be cut, but the reason is not winning with the inflation but loosing with the slowdown. In such cases USD is still the place to go - EU economy is weak and it doesn't look like anyone there has any idea how to move forward... - the liquidity created after the...