The Euro currency is experiencing a lack of clear direction as investors hold conflicting opinions regarding the European Central Bank's (ECB) potential rate hike pace during its May monetary policy meeting. Some investors remain unconvinced that ECB President, Christine Lagarde, will reduce the pace of policy-tightening to 25 basis points (bps) during a time of...
USDCAD will it pray as i have planned it?!!..USDCAD will it pray as i have planned it?!!....USDCAD will it pray as i have planned it?!!
In accordance with our analysis from the preceding session, the EUR/USD currency pair has exhibited movement that aligns with our projections, demonstrating a significant impulse that corresponds with the established long-term trend and has resulted in the attainment of our initial take-profit target. Building upon this favorable outcome, we anticipate the...
In accordance with our analysis from the previous session, the GBP/USD currency pair has exhibited movement consistent with our predictions, having achieved the initial level of take-profit. Moreover, the pair appears to be demonstrating rapid upward momentum, reinforcing our notion of a further sustained bullish trend. As such, our present recommendation is to...
Yesterday, we discussed how the GBP/JPY had recently experienced a bullish rally, but had been in a consolidation phase for the past two days. During this period, the price appeared to be forming a reversal head and shoulders pattern, which caused some concern among traders. However, the pattern was invalidated when the price broke through the local resistance,...
US Dollar vs Yuan or US Dollar vs Offshore Yuan, technically they are establishing divergence. Above chart is my projection in time to come. When Dollar vs Yuan moves lower, this means we are seeing a weaker Dollar and a stronger Yuan. See the following link for its video version. The Chinese yuan, also known as RMB, is the official currency of China. It is...
Greetings everyone! I want show you my view in #GBPUSD pair.
The GBP/USD pair is currently in an uptrend and has been continuing its rally despite experiencing a pullback at the previous 61.8% Fibonacci level. We have observed that the price has rebounded in this area, and our forecast remains bullish as we anticipate a new and fresh impulse to push the price towards the upside of the chart. To elaborate further, it seems...
The EUR/USD currency pair has witnessed a decline in its value and subsequently bounced back from the 1.0975 region. Over the past week, the EUR/USD has been retreating from its recent highs in the proximity of 1.1100. This drop can be attributed to the correction in the upside movement of the dollar. As of now, the price movement of the EUR/USD is expected to...
At the start of the London trading session on Monday, GBP/JPY shows a slight increase in value, hovering around 166.50. However, the cross-currency pair is facing a challenge in maintaining its upward momentum over the past four days, as it is currently caught in a bearish chart pattern, known as the Head and Shoulders pattern. If the dynamic trendline of the...
Confluences 1.Weekly/Daily/4H - Bullish 2. Trendline 3. 1H Oversold 4. 30M Engulfing 5. Major resistance break and retest Take profit targets TP1 - 1.25000 TP2 - 1.25400
Hey Guys, So here's another YEN. 137 Area is FAR more feasible for shorts. Currently you are low still after the grand fall we looked at. Let the market retrace and short POPS. That is the only way to trade with the overall natural trend of the market (up and down Via waves)
GBPNZD has gone sideways for a very, very long time... WHY? Well it's easy. Open your eyes and look for areas of rejection. Just like the ones drawn (new long zones) Exit any shorts taken.
EURJPY is a clear example of when it is a good idea to check back for old PA levels. This is because the price has rallied and becomes more extreme. The more extreme price gets the older the PA levels that are relevant become because they have not been hit for a while. As the EUR gains VS the JPY this becomes the case. You can see to the LEFT handside of the...
The current market for USD/JPY is dominated by the bears, who are eagerly anticipating a continuation of the downward trend. At this crucial moment, the trendline support is highly vulnerable. As Tokyo traders enter the market on Friday, the price of USD/JPY remains stagnant, resting below a significant resistance area near 132.70 on the 4-hour charts. The US...
If you are looking at the GBP JPY and wondering why it looks like it does.. Remember it's just one reason ONLY. Price rejection re occurs because it becomes obvious (just use your eyes) that that certain area is for sellers. Looking short accordingly on any RE pushes.
Hey Traders, After CPI data yesterday and FOMC Discussing Rate hikes we can touch on each Timeframe for the EURUSD. This comes as we rise past the latest prev high. Ask any Qs should you have them.
Yesterday, our long Take Profit (TP) for the EURUSD was successfully achieved, and we have now expanded the TP zone to encompass the 1.1060 level, where the price could potentially rise in the coming days. Our trading bias remains decidedly bullish for the days ahead.