HONEYSIGNALSFX

HONEYSIGNALSFX

POTENTIAL TRADE: EUR/USD EUR/USD is currently experiencing down-trend market structure. Over the past 15 days, it has dropped a severe 2.8% and continues to decline. We expect this downtrend to continue. This currency pair has experienced 12 consecutive bearish days with minimal pullbacks. The Euro continues to weaken today (-0.45%), as data on the German Economic...

HONEYSIGNALSFX

POTENTIAL TRADE : AUD/NZD This particular currency pair is currently forming a bearish flag after an impulsive leg down. Short positions at current market price look appealing with stops placed above the 1.0450 region. We are also observing the head and shoulder formation in this currency pair. The head being the market top at 1.050 and the left shoulder creating...

HONEYSIGNALSFX

POTENTIAL TRADE: EUR/JPY This currency pair is currently experiencing a down-trend. As it broke below the key psychological level of support at 120.0, many buyers realized losses. Thus our bias on this pair is to trade it short. We will wait for a pullback to the 120.0 region before entering our short positions. TRADE PARAMETERS: Entry Price - 120.0 Stop Price -...

HONEYSIGNALSFX

POTENTIAL TRADE: GBP/NZD In this currency pair, we are looking for short positions. As you can see, we had our fist impulse down as shown by the flag-pole. We are not experiencing a correction in the form of horizontal flag. We are looking for sells at 2.0145 (current market price). ENTRY - 2.0145 STOP - 2.0250 TARGET - 2.0

HONEYSIGNALSFX

POTENTIAL TRADE: U.S DOLLAR CURRENCY INDEX (DXY) The U.S dollar strengthened today, we observed very bullish momentum. Equity markets also surged with Wall Street's Nasdaq index hitting a record high. This is all due to the fact that investors took heart from China's effort to minimize the economic impact of from the coronavirus epidemic. Below are some stats on...

HONEYSIGNALSFX

POTENTIAL TRADE: XAU/USD Gold had a huge sell off, it slid a severe 1% today as Chinese steps to mitigate the economic effect from the coronavirus epidemic drove some investors away from safe havens and back into riskier assets. We did observe a break of the white trend-line seen in the chart. We have also broken a support zone a $1560/oz. This is indication that...

HONEYSIGNALSFX

POTENTIAL TRADE: CAD/JPY As displayed in the chart, this currency pair has created new lows by breaking previous support structure are the price level 83.0. Due to this breakout, our bias in this currency pair has now switched to a more bearish view. Instead of trading this long and trying to pick a bottom, we will follow market struture and place sell positions...

HONEYSIGNALSFX

POTENTIAL TRADE: EUR/NZD Coming in for its final touch. Completing a tripple top rejection pattern. Potential 30 PIP risk with a huge gain of 236 PIPS.

HONEYSIGNALSFX

POTENTIAL TRADE: EUR/CHF Here we have bearish market structure very evidently present. This currency pair has been printing new lows and has failed to create new highs over the past 41 days. We expect this pattern to continue. Short positions look appealing with stops placed 30-40 pips above previous resistance structure.

HONEYSIGNALSFX

POTENTIAL TRADE: BTC/USDT BTC has shown signs of very bullish momentum, and we expect this to continue. The previous 5 days were pushing up with minimal pullbacks. Very strong bullish bias. We are currently experiencing consolidation in the form of a flag. This mini correction period will be taken as an opportunity for buyers to scale into their positions....

HONEYSIGNALSFX

POTENTIAL TRADE: EUR/NZD This currency pari has formed a double top and appears to have rejected the 1.690 prive level. We are looking to shor this with stops placed above the high's where we initialy observed the second touch.

HONEYSIGNALSFX

POTENTIAL TRADE: GBP/USD On G/U we can look for potential buy opportunites. This pair has shown much bullish momentum over the past couple of weeks. We also notced a bearish engulfing wick wick formation as price approached the 1.32 level. We do believe that this pare will move back to the upside and tap its intended tagret of 1.32. Entries look appealing at...

HONEYSIGNALSFX

POTENTIAL TRADE : USD/CAD This currency pair has shown much bullish mometum after the BOC left the over night rate unchanged. We are looking to trade this pair long at a retest of previous broken resistance structure highlighted in green.

HONEYSIGNALSFX

POTENTIAL TRADE : XAU/USD As shown in the chart, Gold has recently printed an impulsive move to the upside. Over 29 days, it slid up approximately 154$ from the $1450/oz region to $1612/oz. As seen in the chart, there were very few pullbacks and the move to the upside was rather explosive and showed very little signs of weakness. We then got a correction in the...

HONEYSIGNALSFX

POTENTIAL TRADE: EUR/JPY This currency pair has been experiencing a down trend as shown by the descending channel. Potential short positions can be considered here with stops placed 20 pips above market price.

HONEYSIGNALSFX

POTENTIAL TRADE : ETH/USDT We have observed much bullish momentum in crypto-currencies over the past couple of weeks. We expect this strength to continue and we are looking at the psychological price level of $200 for a potential target on Ether. We will buy this on a pullback to the price $155 with stops placed below $140 with a tight maximum exposure of 150...

HONEYSIGNALSFX

POTENTIAL TRADE : GBP/NZD This currency pair has recently broken key level of support at price 2.0 We are watching this pair to break this ascending triangle to the downside.Poteintal short positions can be considered here with stops placed above previous resistance zone at 2.0.

HONEYSIGNALSFX

POTENTIAL TRADE : XAU/USD Gold has approached psychological resistance zone at $1560/oz. Buyers taking profit from long positions. Shorted this at $1561.5 with stops placed above $1565 (35 PIP) Gold has not show much bullish momentum since the failed break above $1600/oz. This is a short term sell opportunity.