This week Fed Chairman Jerome Powell was speaking to Congress. He the things that may modify the state of the foreign exchange market. It is not about the Fed rates and the monetary policy vector, but about problems that have been trying not to talk about, because attracting attention to them is a very risky idea. We are talking about the so-called “three Ds”...
Price looks overextended for this pairs long term downtrend. There is a lot of indecision going on around 140.00
-INVERSE HEAD AND SHOULDERS - TARGET 1: 0.62000 -TRAGET 2: 0.63000
The current week is full of informational events around the oil market. Which continues to play into the hands of sellers. Yesterday, for example, Morgan Stanley analysts warned that if OPEC + participants at their next meeting on December 5 do not announce a higher reduction in production (current volumes of 1.2 million barrels), then Brent quotes will drop to $...
Based on the weekly double bottom that has been pushing price since around 2016, the market has ultimately predicted the out outcome of Brexit, or any positive or negative news that is to come. If we can stay in tune with the weekly formation, price needs to get up to the next weekly selling zone. FX:GBPNZD side note: I did hedge this position with a sell at...
possible bat pattern formation long the pair lets see what we get
Entires provided in Telegram,
Looking at the main points of interest in the weekly chart and tracing the main channels and parallel lines we can see a probable scenario developing. Breaking above 1.297 or bellow 1.251 without further developments like a formal deal or new vote seems hard. This trade is based on the weekly close bellow the channel parallel line around 1.293, risk reward is...
Yesterday marked of news regarding the oil market and its prospects. Moreover, this news has a one-sided impact in terms of the impact on oil quotes. On the supply side, we have a message about the discovery of a huge oil field in Iran. It is about 50 billion barrels. To understand if it is a lot, let’s have a look at the statistics. Proved oil reserves in Iran...
In today's trading session we will be looking for Short Opportunity in this pair...
In today’s #marketinsights video recording, I talk about #GBPUSD and #EURUSD #FXMajors #Pound surged higher yesterday following headlines that Nigel Farage, Brexit Party's leader, will not contest Conservative seats ahead of the Dec 12 elections! On the economic front, the UK was marginally away from a recession, the latest GDP figures showed. With #employment...
Expectations for a break are to both the downside and upside. Confluences for a break to the downside is a weekly downtrend, key level of 140, and the retracement zone fo the longer term structure. For this, it's important to keep in mind how much different this cross pair is than say GBP/USD for example. No suggested entries as of yet, as it's only Monday....
The previous week, promised to be relatively calm, however, it turned out to be eventful. Gold and the Japanese yen were under downward pressure. The reason is the progress in negotiations between the US and China as well as the growth of positive market expectations regarding the end of trade wars in the foreseeable future. The main result of the week was the...
Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much...
A lot of pips trade, only idea!! Probably fall for brexit
GBPUSD following market structure with an uptrend of higher lows and higher highs to the 1.3000 resistance/flip zone. From here you can see the trend began to exhaust and weaken when attempts to make another higher high failed. We have formed a double top pattern which is an exhaust and trend reversal pattern. From here I am awaiting a break and close below the...