Happy Pip

It’s a downside break, fellas! AUD/CHF busted through the bottom of its symmetrical triangle, so I’ll try to catch the bearish momentum with a sell stop order.

I’m seeing a lot of consolidation on the comdolls recently, but it’s this symmetrical triangle on AUD/CHF that’s looking prime for a breakout.

Another light week for the commodity currencies data-wise, but we could get big moves from AUD/USD, USD/CAD, and NZD/USD with catalysts for the dollar and market sentiment.

Ack! I didn’t see that pre-election fiscal update coming! It turns out the New Zealand treasury cut growth forecasts, forcing the Kiwi to retreat and convincing me to jump ship.

I’m watching this descending channel breakout and pullback on EUR/AUD but I’m not sure if it’s a fake out. What do you guys think?

A pretty light week ahead for the comdolls, but I found interesting setups on USD/CAD’s 1-hour and AUD/USD and NZD/USD’s daily charts that you might want to look at.

It looks like the long-term area of interest on NZD/USD is holding as support, thanks to bearish dollar vibes and upbeat data from New Zealand.

The Kiwi might be looking to resume its flight versus the U.S. dollar soon as it approaches a major area of interest. Here’s the long entry area I’m watching.

Can risk aversion extend its stay in the markets and weigh on commodity currencies again? Here’s a look at the potential setups and inflection points this week.

With crude oil prices hitting a ceiling and risk aversion returning to the markets, I’m thinking USD/CAD might be done with its dive as it tests an area of interest.