Force Vector Technology
has an uncanny highly predictive nature where the interstitial buying and selling force vectors produce a resultant vector that points into the direction the market will move in the near future.
Potential short trade on USD/JPY breakout bounce off of the resistance wick. Strong downside momentum after relief bounce as indicated by a...
EUR/USD - Where to? Long term outlook.
If we pass this key trendline down in yellow. We could head to bullish momentum - However, we may get a pull back or may trade wise until then. long term outlook if it does go above trendline we will head to 1.18/1.20 areas.
Below trend-line (Pull back areas - 1.15 areas)
Just a trade idea, not recommendation!
The FX majors stretched into 2020 firm, spelling a strong term against a weaker #dollar!
Will this continue being the case though when uncertainty around #tradewar and #Brexit remain elevated?
Take a peek at our #elliottwave analysis for some technical insight at least.
EURUSD 1H 01:45
USDJPY 1H 03:30
GBPUSD 1H 05:50
In today’s #marketinsights video recording, I talk about EURUSD and USDJPY FX Majors
Both major pairs were affected by incoming trade war flows, following China's rather pessimistic view on proceeding with a phase-1 of a potential trade deal.
Euro could move towards 1.11 round resistance and yen could push the dollar down near the 108 round support.
In today’s #marketinsights video recording, I talk about NZDUSD and USDJPY FX Majors
Not only markets expected with 80% chance that RBNZ will cut rates which they never got, but the central bank also said that kiwi is expected to be supported in the medium term by the low exchange and interest rates.
USDJPY on the other hand, remained somewhat muted as Trump...