Fx price action setups in eurjpy, nzdusd and usdcad electricity outage houston


Prices bulled higher earlier in the month on the back of the European Central Bank’s announcement to trigger a fresh round of TLTRO’s . Prices jumped up for a re-test of the yearly highs around 97.70, at which point the music stopped and bears started to push . That theme lasted for almost two full find a gas station close to me weeks, until last Wednesday when prices tested the support side of the formation, taken from a bullish trend-line that connects September and January swing-lows.

Current support is coming in from 96.47, which is a familiar level as drawn from the origin electricity account 23.6% Fibonacci retracement of the 2011-2017 major move. Above current price action , resistance potential exists around the 97.00-area, followed by 97.21-97.30 (the February swing high) and then 97.70 (the yearly high, top of ascending triangle formation). Underneath price action, support potential remains at 96.30 and 96.03, and then from last week’s swing-lows around 95.74-95.82. A downside gas kansas break through that zone can open the door for deeper bearish trends. US Dollar Two-Hour Price Chart EURUSD Meanders in Range, Brings Breakdown Potential

On a longer-term basis, the range remains, and it would be difficult to argue against that. Shorter-term, however electricity out, there may be a bearish case to be made after the ECB triggered another round of stimulus in March . Prices were rebuffed at range resistance last week, and sellers have largely remained in-control since, driving prices back into the longer-term support zone. EURUSD Daily Price Chart

Last week’s low came in at the .9902 Fibonacci level and, thus far, that’s helped to hold support. The follow-thru bullish response has been lackluster, however, making it difficult for electricity austin staging reversal campaigns. Atop price action , resistance potential remains around .9982-1.000; and then the longer-term zone from 1.0071-1.0096. Underneath current prices, .9850 is the next support area of interest, followed by .9750-.9766. USDJPY Resistance Potential at Prior Support

After a significant surge of Yen-strength to begin the year, USDJPY spent most of Q1 with some form of strength . Until last week, that is, around the FOMC electricity drinking game rate decision on Wednesday. Selling took over on Thursday and Friday, and as discussed this morning, a showdown is set for a prior area of support-turned-resistance around 110.75-110.86 . A hold of resistance here keeps the door open for short-side strategies, re-targeting electricity pictures the 109.67-110.00 zone. USDJPY Four-Hour Price Chart EURJPY for Risk Aversion Scenarios: Testing 125.00

I looked at the short-side of EURJPY for risk aversion themes in this week’s FX Setups of the Week . As discussed in that piece, prices found support at the late-January swing-low around 123.80. I had zeroed in on a resistance zone that runs from 124.91-125 elektricity club.00 which, thus far, has helped to hold the highs. A continued hold here keeps the door open for short-side strategies in the pair. EURJPY Hourly Price Chart USDCAD Swing Potential

On the short-side of USD, I had looked at USDCAD coming into this week, plotting for a hold of resistance inside of the March high to allow for short-side swing-setups. That has thus far held, keeping the door open for as such. On the Daily chart mafia 2 gas meter, price action appears to be working on an evening star pattern, which will generally be approached in a bearish manner. The daily bar isn’t yet closed, so it’s not a confirmed formation as of yet; but a hold of this week’s high inside of last weeks and inside of the earlier-March swing high keeps the door open for short-side strategies in the pair. USDCAD industrial electricity prices by state Daily Price Chart NZDUSD Grinds Symmetrical Wedge Resistance Ahead of RBNZ

Later tonight brings an RBNZ rate decision. They’ll likely stick with the tone of ‘the next rate move could be up or down,’ leaving market participants with a lack of tone from the bank. Nonetheless, NZDUSD remains near resistance around an area that’s held the highs in the pair for the past nine months . As discussed in this week’s FX Setups, that keeps the short-side of the pair as attractive, particularly 4 gas giants for USD-strength strategies. NZDUSD Daily Price Chart

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