Sentimentally it's a bearish dominated market at this point as big fish are offloading their some long position which can prolly lead price around 38.20% - 50% retracement level.
I guess yen will have some probabilities technically as the price was pumped a lot in this major pair and now falling backward after price breaking lower from the rising wedge. Technically if the rising wedge forms after an uptrend, it’s usually a bearish reversal signal. If we can see a falling DXY indicating some weakness in king and rising wedge in an uptrend...
The bull is weighing against the bear at the moment on TVC:NI225 knowing how the global equity markets turning from red to green because recently market participants having higher risk appetites. Also, at this point, we know that YEN losing its strength against may other currencies and it's been a couple of days now so I think that should help the...
It was fishy already the moment when I realized how people being greedy over equities TVC:SPX | TVC:DJI . Knowing much of major steps already taken in action from global governments and central banks all those honchos working together to save their own country equally from this pandemic created financial crisis let me think at least once that something is coming...
It can be a retracement finally after a long swing upward couple of days past due to the US under pressure from Covid-19. This might be changing positively slowly as the representative of the state is focusing on the comeback against the pandemic and they have already run much stimulus program for their economy prevention. Can't say it may be fully reversal but...
USDCAD has found strong support area near the penetrated descending trend line and the 38.2% In the short-term, the outlook seems to turn slightly bullish after the jump towards the 1.3325 resistance and the momentum indicators are holding in bullish area. Fresh risk aversion, weak fundamentals elsewhere add strength to the US dollar.
Checking out AUD/JPY today as the pair recovers from an early Tuesday drop, likely on rising global risk aversion sentiment as coronavirus fears blaze up once again. Words are in town that by Apple, who issued revenue guidance warning www.theverge.com overnight, evoking fears of a more significant impact from the coronavirus outbreak on the global economy. This...
The leading indicator has already pointed out exhausted bullish. Technically talking we all can see dxy has extended a lot high due to some past week greenback power over most of its counterparts. Last week it was an almost risk-off market situation where safe haven did most well and the case dollar been dragging most of its counterpart creating some bullish...
A strong U.S equities market and risk-friendly trading environment have helped push and breakout USD/JPY above a descending trend line on the 1-hour time frame. The pair were consolidated for a while London entered but then somehow the global positive risk sentiment news concern to coronavirus saying "China finding an effective drug to treat people with new...
Aussie pairs got a good boost from the RBA decision in the Asian session as the central bank sounded optimistic about global and domestic growth prospects. However, this bullish reaction might be short-lived as market players remain mostly risk-averse while coronavirus contagion fears are present. AUD/CHF is trading below 200 SMA visible on its 1-hour time frame...
Traders are in big-time risk aversion mode as more bad news on the Coronavirus outbreak continues to hit the wires. Most notable that seems to have traders running to safe havens. Safe havens like the Greenback have already benefited in the session, while risk currencies like the Aussie (and the major currency most likely affected by this outbreak given...
Keep an eye on the US Dollar against the Japanese Yen. A breakdown of this wedge could indicate the market is seeking safety and see a sell-off in risk-assets such as equities. The Pair has rejected off the 200 day moving average (green line) and is also showing signs of bearish divergence, where higher price is not being confirmed by RSI which is making lower highs.
In today’s #marketinsights video recording, I talk about trade war uncertainty and Trump's impeachment and how has safe-haven Franc reacted to the latest headlines! I also talk about Canada's poor GDP figures, a bit more certain given the numerical value, and analyse USDCAD's rise. With Fed flows still weighing on markets, #NFP hours ahead and #ISM closing the...
Given current risk-averse market conditions I expect Swiss Frank to strenghten short-term. Stop loss positioned right above 20 MA, trade duration up to 15 days.
Following a nasty Jan 2-9 downtrend the $USDCAD has shown a rally since hitting that very strong support (blue line). This rally has lifted it to +2.16% for the month. Often regarded as a safe haven currency I can see major players jumping in on this really low price and soft rally. with a 200 day moving day average of 130866 as a solid stop loss this might be a...
Yesterday, stock markets all around the world went into a downward spiral, notably during the American session. A variety of commentators tried to explain what happened, giving various reasons as a justification. Some say that the fundamentals were to blame, given that people were worried about corporate profits, especially in the tech sector. This appears to be a...
Just like our EurUsd Idea, EurJpy may remain under pressure due to the political issues in Europe, alongside the already evident risk-off sentiment seen in Asia trade.
Prepare for a LARGE weekly and monthly move down on FX_IDC:NZDUSD (or any risk pair) as we've now corrected larger double top down thru Monthly 100EMA and then re-tested as resistance. Ichimoku Cloud on monthly also says lower by end of June and July. SL 0.7450 TP1 0,5760 TP2 0.4910 Please come find me if you need extra service. I aim to please!