flexxfx

flexxfx Mar 17, 2020

USDCAD is currently flirting with the upper band of the weekly channel. At this point a decent pullback is probable. However, USDCAD is a strong upward trend and therefore a short confirmation on lower time frames is recommended. A break above current level will expose 1.4768

flexxfx Mar 16, 2020

USDCAD is pushing towards weekly strong resistance trend-line. Currently, highly overbought and pushing for new highs. USDCAD is likely to top at 1.4234 (watch for a spike to this level). Also, oil appears to be bottoming at the current price level which will highly boost CAD and USDCAD short

flexxfx Mar 12, 2020

USDCAD is at a critical point, a break above this level could give way to 1.45. A break below will lead expose 1.1 levels. My short term bias is short for a pull back while waiting for confirmation to go short

flexxfx Mar 12, 2020

This is the level I have been waiting for to short USDMXN. I shall place a tight SL above the high of today

flexxfx Feb 14, 2020

Watch the 0.786 fib for a bounce and as a possible reversal point. RSI pointing to oversold.

flexxfx Feb 13, 2020

DXY is at two key resistance areas. Price will bounce or break aggressively at this level. However, I am for a pullback at this level or a reversal of the uptrend formation

flexxfx Feb 13, 2020

Rising wedge with weekly resistance and on overbought territory

flexxfx Feb 6, 2020

Highly overbought USDSGD has entered an area of great resistance. Channel analysis shows that the pair will max out around the 1.3883 handle

flexxfx Feb 5, 2020

Probable sell at the top of the channel. Highly overbought

flexxfx Jan 30, 2020

Bottom of channel and in oversold region

flexxfx Jan 14, 2020

Strong weekly resistance for USDJPY, good opportunity to short

flexxfx Jan 8, 2019

USDMXN is currently at a strong support level. A decent pull back is likely at this level before the downward trend resumes

flexxfx Updated  Dec 21, 2018

Watch out for the big drop in USDCAD in coming days. First drop of 500 pips to bottom of current channel. Further drops to the bottom of second channel

flexxfx Dec 20, 2018

EURNOK underpinned by rising wedge on weekly chat. Big fall ahead through 2019

flexxfx Dec 5, 2018

USD poised to drop to the bottom of the expanding triangle. Huge Risk Reward ratio. Place stop a few pips above the upper line and keep locking profits to the bottom of the channel

flexxfx Dec 5, 2018

The daily candle pattern shows that the bearish momentum has been fading down over the last three days. At this point, its plausible that EURNZD could pullback or reverse to the 0.7100 mark. If price pushes down at this price, it will give us an opportunity to buy at the next level down. Analysis is based on parallel lines.

flexxfx Dec 4, 2018

A sell on USDMXN at this point could be plausible. Look for entry confirmation/validation on lower time frame to enter as the daily candle looks bullish. Good Luck

flexxfx Nov 30, 2018

EURJPY could push down to complete a ABC corrective pattern before breakout. The longer time trend is long confirmed on longer time frame. For buyers at current price - watch for a decisive break above 129.40 to go long.