The Loonie is also weakening near the bottom of the G10 ranks along with the Aussie and Kiwi that has failed to glean any lasting traction from firmer than forecast CPI or the fact that the Aud/Nzd cross remains top-heavy above 1.0700. Usd/Cad is back above the 1.2700 handle, Aud/Usd under 0.7750 and Nzd/Usd sub-0.7250 all awaiting the FOMC, though the latter also...
The Aussie has duly surrendered 0.7700+ status against its US counterpart and been below 0.7650 irrespective of Q4 inflation metrics marginally topping estimates, while the Kiwi has lost grip of the 0.7200 handle again eyeing NZ trade data after the FOMC. Further downside expected over the remaining trading sessions this week.
Super choppy few days. The Dollar is
firmer across the board in the run up to the FOMC amidst little expectation of really anything major in terms of policy moves or fresh guidance beyond the inevitable updated assessment of the economic situation and outlook since the prior meeting, plus anything Fed chair Powell reveals in the press conference via text or...
The writing was on the wall for the Pound after early UK data disappointment in the form of retail sales and public sector finances, but the so called flash PMIs were anything but, and have seen Cable relinquish the 1.3700 handle, while Eur/Gbp has rebounded to 0.8900+ from its pre-ECB low around 0.8830. Another downturn in broad risk sentiment, softer crude and...
Do your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for...
The Dollar continues to retreat on a mixture of broad risk factors and US specifics following confirmation that Treasury Secretary-in-wating Yellen favours bold fiscal stimulus and market forces when it comes to the Greenback’s value, while she also intimated that increased spending should not necessarily raise the tax burden for businesses extortionately (or...
It’s been a close contest for much of Tuesday’s EU session and is still likely to go down to the wire as the Aussie and Euro remain neck-and-neck in the race for first place among majors. Both currencies have gleaned encouragement from independent factors, such as Capital Economics calling for the RBA to terminate asset purchases by April and ZEW survey metrics...
January 11 was the first sell opportunity at NZDUSD.
It's already done! But now there is a new opportunity for another 100 pips!
We expect the next downward pressure to reach 0.70345!
You can look for an entry in case of repulsion from the resistance zone.
If you have questions about how to...
This is a short call EU, Take profits set stop loss based on real entry possible re-entries will be there also so just stay put and look for the candle confirmations, ill be tracking this through the 50% track between 1hr-4hr TF
The Yen is pivoting 103.50 pre-Japanese CPI and post-BoJ that stuck to the script including Governor Kuroda pledging more accommodation without hesitation if warranted. Potential EUR weakness coming into play for the remainder of the week. This spot looks simple and positive for sells.
Check out my last video on this. Retracement has been fulfilled...
The Euro and Aussie are vying for top spot among the non-Usd G10 currencies, with the former back above 1.2100 after breaching the 50 DMA at 1.2091, and the latter retesting 0.7700 where big option expiries reside (1.2 bn). Eur/Usd may also be deriving some traction from Italy following PM...
GBPJPY has been ranging for some while. Currently at a supply zone.
Wait for confirmation to short.
Use good risk management since this trade has a 4.25:1 RR. Risk only 1% at most of capital.
Short call for GU Fib is thrown this move was executed off the 50% and 61% line stop loss and TP set. Track it with the 4hr-1hr-30min TF will be tracking personally on my account! lets go! lets watch these Take profits HIT, good day to you all!
Hey guys! Let's have a look on GU of 4H timeframe. Now we are sitting on the main level of resistance (4H and Daily as well). Gonna wait for new impulse to the upside according to our trend. But on a Daily timeframe we can notice ascending nature (channel) and we know this is reversal pattern. So the new impulse to the upside should appear and then wait for a...
The Buck was already losing altitude before the return of US markets from their long MLK junior holiday weekend, but the pull-back has continued through 90.500 in DXY terms to 90.401 vs 90.768 at one stage and from within a whisker of 91.000 yesterday, assessing US Treasury Secretary nominee Yellen’s confirmation Q&A where she is expounding the virtues of a...
In this analysis in H8 timeframe, it's so beautiful just to find down a good profit in Forex. So, I have calculated that EUR/AUD it's going to down toward the $1.54 AUD. So, that will be not good for the Euro.
So, I follow the trend, that always it's my friend.
Daily chart it's so bearish...
