Another strong day for the dollar index as the bulls push higher. We now wait patiently for the 200EMA to be tested. Is this fundamental data being priced in early? We have seen a volatile bond market recently and key economists predicting a strong dollar before the end of the year. We covered this in our last publish looking at the DXY and how we could be...
Hi Everyone 1DTF - Currently printing a Reversal pattern *Inverse Head and Shoulders * Right shoulder is currently in formation * enter trade once we complete the right shoulder with a candle close outside the resistance alternatively you can also wait for a back test of the neckline and then Long * SL will be below the last Swing low *Target...
CAD saw weakness yesterday due to demand concerns in crude, so we have seen a sell off in oil and in the CAD but still my opinion is that this is just an exhaustion after a major move to the upside in oil and in the CAD. As the world starts to open up, demand in oil will increase and so will the strength of the CAD. The CAD has been the strongest currency for a...
we have EUR and USD news today which could provide us with a setup in the near future on EUR/USD. in the past few days the EUR has seen continued weakness and the USD continued strength, but as we can see price is playing within our weekly zone (yellow zone) so we need price to break to the downside. the news today might help us achieve that so we will be watching...
We are seeing minor strength in the AUD and continued weakness in the JPY so fundamentals are to the upside, therefore we look for technical entries in that direction. we are seeing minor consolidation now on the 1h timeframe, probably due to the AUD not being as strong as most currencies at the moment. So we will be interested in placing a trade when this...
after buyers and sellers have had battle at a significant zone and there is a clear winner with a move to the upside or to the downside we will then wait for exhaustion back to that zone, but how do we know if exhaustion is strong or weak? we have rules that if exhaustion is strong then we wait for double confirmation and if exhaustion is weak we just wait for...
USD is seeing strength due to the stimulus package that will be signed soon and the JPY has been one of the weakest pairs for a few weeks now. price has broken a significant area of sensitivity and saw consolidation, we now see a break of its mid range area of sensitivity where now we will be looking for price action back to this zone and entry confirmation on...
The GBP has been consistently strong for a few weeks and the CHF has been consistently weak, we are now seeing a battle at our weekly zone so we wont be interested in trading this pair until we see price break this zone with price action confirmation, wait for exhaustion and then we look for entry confirmation to place a trade to our next monthly zone as...
today and yesterday there has been strength in the NZD and the JPY has been weak for a long time now, so if the NZD strength continues it will likely break its weekly zone and then we will position ourselves for the exhaustion to previous high and look for a buy to our next are of sell pressure which is our monthly zone, our stop loss has 2 areas of sensitivity...
With Biden due to sign a 1.9T stimulus package could we see major strength in the USD? and if we do which currency will see the biggest move? well the JPY has been consistently one of the weakest if not the weakest currency for a few weeks now so if we are going to see major strength in the USD id be placing my bests on USD/JPY being the biggest mover and having...
zones are major and minor areas of sensitivity where buyers and sellers have battle, they are one of the most important aspects of trading as zones help you set targets, help you identify direction and also let you know when and when not to enter a trade. here at forex gentleman we identify our zones based on their significance, so we have our monthly, weekly,...
GBPUSD is still looking bearish in the short-term and currently resisting the 1.39054 level. The next support level is looking at 1.3722 If that fails, the next level is at 1.3540 and with the Major support level still looking at 1.34 Let's see how it goes... Remember to plan your trades and Trade Your Plan
The CAD has been continuously strong the past few weeks and the JPY has been continuously weak, so we was looking for an opportunity to capitalise on this. because of the fundamental difference we was looking for a long trade with a tight stop loss as we haven't been seeing much exhaustion on this currency and yesterday morning at the London open we saw our...
for many weeks now we have stayed away from the USD due to it being unstable in its fundamental strength. but this week we are seeing that the USD is the strongest currency, if this strength is consistent then the following trade might come into play. The CHF has been the weakest currency for a while now so we will be looking to capitalise on this and the USD...
we have seen continuous strength in the GBP and consistent weakness in the CHF, so what we will be waiting for on this pair is a minor exhaustion back to previous high and entry confirmation to place a trade with our final take profit at our weekly zone
GBPUSD is still looking bearish in the short-term... One was tempted to close the short positions yesterday, but the market seems to have confirmed otherwise. Support at 1.39054 seems to have failed. The next Support level looking at 1.377 and will be adding another short, if this support level fails. Major support is at 1.34 Will it go down that far? Let's...
CAD/JPY Quick in quick out trading idea - CAD+7.5 - JPY-8.2 / fundamentals are very strong to the upside, we are seeing lower timeframe area of consolidation probably due to us being in the lowest volume day of the week, what we will be looking for is a bullish move on the London open on Monday for a trade to our next area of significant sell pressure