Marc_Hav

Marc_Hav

Nothing more to add but Tradingview forces me to make a longer desciption...

Marc_Hav

Forks rule :-)

Marc_Hav

Also $USDCNH pulling back, triple top?

Marc_Hav

Big chance it will fall out of the fork... lots of downside possible

Marc_Hav

Just my opinion

Marc_Hav

$EURUSD - Yearly Open at 1.1445 is next

Marc_Hav

Textbook stuff

Marc_Hav Updated 

$DXY could still have a tag and / or close above 97.87 (61.8% Fib from entire July 2001 - March 2008 move down). Do think the time is very near for a substantial drop. Trump pressing Fed, Trillions of $ in debt, can't end well.

Marc_Hav

Price is testing the 78.6% Fib (Kiwi LOVES that Fib level) from the Aug '15 low to the July '17 high for the second time. If this level holds then we could see prices recover to 0.75 and higher. Fed signalling one to two rate cuts in 2019 might keep the RBNZ on hold this year.

Marc_Hav

With the Fed signalling at least one and maybe two rate cuts in 2019 the RBA will probably not feel the need to cut more. Next RBA meeting is on 2 July 2019, the situation will become clear then. For now, definitely worth a good shot on the long side as long as there is close above 0.6860.

Marc_Hav

The chart should say it all... :-)

Marc_Hav

Obviously one has to have to have icewater running through your vains to trade Cable right now.... ;-) But check Fractal from my buddy @owsi1968

Marc_Hav

Forks Forks Forks and Fibs

Marc_Hav

Slowly breaking out of a several months long bottoming pattern...

Marc_Hav

FX:EURUSD needs to hold yesterdays low.

Marc_Hav

Retracement stopped right at 88.60% Fib @ 1.1336.

Marc_Hav

FX:EURAUD The 1.5771 level has been an important pivot for over a year. We have seen a convincing breakout above that level in December 2018, we are now seeing a re-test of this level (which is also a 61.8% Fib retracement level (1.5808 (close enough)) from that latest move up). Immediate levels on the upside in the next few weeks/months are: - 1.5986 - 1.6256 - 1.6354

Marc_Hav

Perfect setup if you are into Forks :-)