The US dollar should continue higher after new buy signals, but Bitcoin is expected to collapse again.
EUR/USD made a high for the day, just 8 pips from strong resistance at 1.0800/20 on Friday & hit support at 1.0690/70 for profit taking (only if you had a short & ran it over the weekend of course).
Longs at support at 1.0690/70 are starting to work on the bounce to 1.0735. Further gains are possible to 1.0750/60 for profit taking.
A high for the day is possible here, but a break above 1.0775 signals further gains toward a sell opportunity at 1.0800/20. Shorts need stops above 1.0840.
Support again at 1.0690/70 for profit taking. Longs need stops below 1.0650. Sell a break below 1.0650, targeting 1.0600, perhaps as far as strong support at 1.0510/1.0490.
USD/CAD remains very choppy in a sideways trend with no direction - I will wait for a breakout or signal.
The break below support at 1.3380/60 can target 1.3310/00, perhaps as far as the February low at 1.3270/60.
EUR/CAD shorts at strong resistance at 1.4455/75 worked as we hit the 1.4390/80 target for profit taking, but we fell further to strong support at 1.4240/20 (on the trade sheet).
Longs are working on the bounce to 1.4315 & can make it as far as minor support at 1.430/40 for some profit taking.
A break above 1.4360 can target strong resistance at 1.4380/1.4400. Shorts need stops above 1.4425. Strong support at 1.4240/20. Longs need stops below 1.4190.
CAD/JPY break above 9900 is a buy signal & can target 9990. Support at 9860/40. Longs need stops below 9810. GBP/USD should have resistance at 1.2210/30. Shorts need stops above 1.2265. Support at 1.1960/40 but longs need stops below 1.1920.
USD/JPY bounce from strong support at 130.00/129.80 eventually made it to resistance at 132.90/133.10 yesterday with a high for the day exactly here.
Great trade if we had run it over the weekend, but not something I advise. Shorts here can target 131.80/70 for some profit-taking.
A break below 131.50 risks a slide to minor support at 131.10/00. I think there is better support at 130.80/70. Longs need stops below 130.50. Buy a break above 133.20, targeting 133.90/134.00.
