Compare & Contrast with Christopher Lewis
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POSSIBLE TRADE SETUPS:
Look to buy EURGBP if and when the current bearish intraday sentiment turns bullish. Never mind, this pair is no longer bullish overall!
After a two-day ascent, USDCAD looks as if it might be about to turn over. Time will tell... Actually, EURGBP gives the impression that it could be initiating a reversal to the south as well.
AUDJPY and AUDUSD appear to be considering the possibility of turning north, as does GBPUSD.
Look to buy EURGBP if and when the current bearish intraday sentiment turns bullish. Never mind, this pair is no longer bullish overall!
After a two-day ascent, USDCAD looks as if it might be about to turn over. Time will tell... Actually, EURGBP gives the impression that it could be initiating a reversal to the south as well.
AUDJPY and AUDUSD appear to be considering the possibility of turning north, as does GBPUSD.
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Numerical Price Prediction Daily Forex Market Forecast
Sunday | June 5, 2022 | 10:00 AM PST
Presently @ 94.25, I expect to see AUDJPY continue climbing. However, I will not buy the pair until and unless I see a significant pullback in the two-hour trend. If there is a pullback in the four-hour measure as well, so much the better. Once either of these things happen, I plan to enter a long position as soon as both measures have adopted or resumed a course aligned with the bullish 18-hour and two-day trend flows.
At 140.17, EURJPY is essentially displaying the same set of circumstances. So is GBPJPY at 163.32.
Presently @ 0.7205, AUDUSD is looking at bullish 18- and 48-hour baselines, but all the faster measures are bearish. I therefore plan to buy this pair if and when the 2- and 4-hour trend lines reverse direction and begin heading north.
Unless it breaks out into a fully-fledged reversal north, @ 1.4862, EURAUD is presently beautifully structured for entering a short position as soon as the two- and four-hour measures resume southbound trajectories, assuming they ever do. At 1.2585, USDCAD is in a similar situation.
At 1.0718, EURUSD is currently evidencing neutral 18- and 48-hour measures. So, for the time being, I'm remaining on the sidelines with respect to this pair. The same for USDCHF at 0.9624.
At 1.2485, GBPUSD is neutral from a two-day perspective, but decidedly bearish at the 18-hour level. However, it is poorly structured at this time for entering a short position.
USDJPY is very, very bullish @ 130.81, but is poorly structured at this time for entering a long position.
Sunday | June 5, 2022 | 10:00 AM PST
Presently @ 94.25, I expect to see AUDJPY continue climbing. However, I will not buy the pair until and unless I see a significant pullback in the two-hour trend. If there is a pullback in the four-hour measure as well, so much the better. Once either of these things happen, I plan to enter a long position as soon as both measures have adopted or resumed a course aligned with the bullish 18-hour and two-day trend flows.
At 140.17, EURJPY is essentially displaying the same set of circumstances. So is GBPJPY at 163.32.
Presently @ 0.7205, AUDUSD is looking at bullish 18- and 48-hour baselines, but all the faster measures are bearish. I therefore plan to buy this pair if and when the 2- and 4-hour trend lines reverse direction and begin heading north.
Unless it breaks out into a fully-fledged reversal north, @ 1.4862, EURAUD is presently beautifully structured for entering a short position as soon as the two- and four-hour measures resume southbound trajectories, assuming they ever do. At 1.2585, USDCAD is in a similar situation.
At 1.0718, EURUSD is currently evidencing neutral 18- and 48-hour measures. So, for the time being, I'm remaining on the sidelines with respect to this pair. The same for USDCHF at 0.9624.
At 1.2485, GBPUSD is neutral from a two-day perspective, but decidedly bearish at the 18-hour level. However, it is poorly structured at this time for entering a short position.
USDJPY is very, very bullish @ 130.81, but is poorly structured at this time for entering a long position.
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AUDJPY spent the first six hours of the week pulling back from its bullish trajectory, which offered a great opportunity to buy the pair upon the completion of the three-hour touch and go maneuver marked by the arrow.
AUDUSD offered an opportunity to enter a long position at about that same time as well, but failing to recognize that the run was over about 16 hours into the session could have cost an individual all of that potential profit had they not pocketed it when they had the chance...