Wed May 18

USDJPY basing still looks promising.

End result once again, more sideways chop.

USDCHF long 0.8809

XAGUSD short 34.937 [close 34.995]

XAGUSD short 35.224 [close 35.316]

EURUSD long 1.4256 [close 1.4238]

When this ongoing USD sell pressure ends, the market reaction will
be extreme…

AUDJPY short 86.227 [close 86.288]

EURUSD long 1.4227 [close 1.4244]

USDCHF long 0.8815 [close 0.8809]

EURUSD long 1.4226 [close 1.4222]

Choppy bullish USD consensus returns yet again, so equity bearish
sideways drift returns. This will continue until DOW/SP500 sells off
again and Wile E. Coyote discovers gravity.

USDCHF long 0.8815 [close 0.8831]

USDCAD long 0.9735 [closed 0.9743]

EURUSD reverts to bearish chop and opposite for DXY.

Just looked at FTSE weekly and monthly charts again. It continues to
give clear bearish warnings.

USDCHF long 0.8811 [close 0.8810]

USDJPY long 81.085 [close 81.320]

USDCAD long 0.9720 [closed 0.9718]

EURUSD reverts to neutral chop and FTSE bearish chop has the
upper hand atm.

EURUSD updated weekly channel.

The sideways drift continues and DXY (US dollar index) short term
signals revert to bearish and opposite for EURUSD. The dislocation in
various markets is concerning – reflective of serious global economic
uncertainty. Not surprisingly, trade direction and duration still needs
to be flexible.

EURUSD long 1.4179 [close 1.4260]


I read comments but they're not published. Troll IPs are automatically trashed. [crinia AT gmail DOT com]

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