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.
After successfully implementing yesterday's trading idea, the USD/JPY is currently profitable. However, a new bearish momentum may be on the horizon, and as a result, we have updated the Take Profit (TP) target to reflect a potential drop in price. Our trading bias remains bearish, given that the EUR/USD is currently showing growth.
Hey Guys, Some have asked me about buying the GBPUSD FX pair. We just had CPI data falling inline with expectations that did not enormously shift GBP upwards or to the downside. Nonetheless our bias remains higher for shorts. WHY? Because that is where Key Risk Averse PA zones exist (larger money short zones). This coincides with the fact you have risen on the...
The EURUSD currency pair is exhibiting a continued upward momentum today, favoring the existing bullish uptrend. As a result, our team has formulated an insightful analysis, proposing a new long position to align with the prevailing trend.
Hello traders, Today, I have observed a divergence in the USD/JPY currency pair, and based on my analysis, I propose a new short setup for this pair. However, if the price manages to break the resistance level at 134.20, it will invalidate the short setup, creating room for a long scenario. Thank you for considering my analysis, and happy trading!
Engulfing Candlestick Pattern formed on the 4H Chart. Pin Bar Candlestick formed on the 4H Chart. Entered Long Position At Price Level 1.34681.
Hey Traders, As you know we have a wave of news coming tomorrow that could move markets. Often my students ask me how to use the DXY appropriately as a tool for currency markets. The secret is to not make it confuse you. Do not let it sway your decisions so that you can't move a muscle unless all is perfect. Use it for value and use it as a gauge. Any Q's drop...
OANDA:EURUSD Nice moves to the upside since yesterday's NY closing. How many littles scalp pieces did you snag? Know when, and when not, to jump on board, as all trends come to an end sooner than later.
TVC:DXY Smooth as butter these days with the Dollar Index. Don't trade against it when looking at your favorite pair. It just might give you that edge.
Hello traders! As we discussed in our last idea, the USD/JPY is currently experiencing a bearish trend and has already reached the 61.8% Fibonacci level. We anticipate further downward movement in the market and maintain our bias for a short continuation.
During early Easter Monday morning in London, the GBP/USD currency pair is experiencing a drop for the fourth consecutive day, as it takes offers to refresh the intraday low near 1.2400. This is a result of the US Dollar rebounding due to risk aversion and hawkish bets on the US Federal Reserve (Fed), following last week's pullback from a 10-month high. Meanwhile,...
The GBP/USD has been in a bullish uptrend, and recently experienced a pullback to a previous support level, forming a bullish flag pattern indicating potential continuation. Today, the price may react at the support level and continue its upward trend. However, if the price drops below 1.2360, it may indicate a reversal and a bearish signal.
The EUR/USD experienced a reversal during the Asian trading session, with the current price at 1.09020. Traders are now seeking a long bullish continuation with the previous swing high as the target. However, if the price falls below the 1.095 area, the scenario could change, leading to a potential short setup.
On Wednesday, EUR/USD saw a slight retracement from its initial move to 1.0970. Despite this, the Final Services PMIs in Germany and the Eurozone remained strong in March. The US ADP report came in lower than expected at 145K jobs, down from February's 261K jobs. As a result, EUR/USD experienced some gains and losses around the 1.0950 level. Initial resistance...
Yesterday, as we described, the GBP/JPY currency pair experienced a retest of its previous support level. This coincided with the 61.8% Fibonacci level. As we predicted, the price pulled back and our idea for a long setup entered the profitable zone with a strong bullish impulse during the Asian trading session. Today, we are anticipating a continuation of this setup.
Over the past few hours, the USD/CAD currency pair experienced a significant downward movement in line with the prevailing trend, following the release of yesterday's news. Today, the price is attempting to rebound after hitting a low of approximately 1.34. Our analysis suggests that there may be a pullback towards the 61.8% Fibonacci level before resuming the...
The GBP/JPY pair is poised to experience further weakness below 164.00, despite a promising UK economic outlook. The sentiment among UK businesses has improved as political instability and inflationary pressures appear to be easing. However, any positive impact on Japan's inflation caused by external factors could cause problems for BoJ policymakers. The GBP/JPY...