As you can see that price has reached a key support level, i have entered a long position and i will be holding this for a long time. I am very bullish on the aussie and bearish on the nzd.
The Pound maybe feeling the weight of another downturn in Brent and WTI, as Cable seems reluctant or just unable to extract much from the broad Buck wane within a 1.4141-01 range and Sterling is also losing out to the Euro in cross terms with EUR/GBP forming a firmer base on the 0.8600 handle. Overall further upside can be expected with eyes on the 1.4250 level...
EURNZD H4 Looking for something as indicated and summarised on the previous video analysis that was sent through. We are seeing some consolidation from the latest rally which may actually pull us back south of our support zone temporarily. If this is the case, regardless, we need to see a pop higher maybe 1.70150 ish, before coming back to retest 1.69650...
One has to imagine that gold will find its way back to its 200 day before marching on higher given the fundamental tailwinds. If gold trades down to 1800 and we get a nice close above it - I would believe this to be a compelling opportunity to get long or add length if you took a more aggressive entry prior to the breakout. A change in market sentiment with...
Prior chart: The Yen has held comfortably above 133.00 after recently hitting its target. Euro looking weaker with expected drop in Q1 GDP. Further upside will be expected from this level.
CADJPY H1 Trading from current price up to previous high still offer 3.3R, measurable trade no doubt. Not the typical kind of analysis we like that trade, seeing as it's more a trending environment, but we still break and retest out trading zones, and it's on a slightly lower timeframe. Happy to see how things unfold though.
EURNZD H4 Jumped ship again, prefer this structure as compared to what we had marked on EURAUD and also the pending order limit we had set. Thinking exactly the same play for this setup, multiple H4 rejections seen with the latter 2pm closing bearish. Expecting corrections now down to 1.68, which is where I'm looking to scout longs.
Both looking susceptible to steeper depreciation vs their US rival, with the Euro only just recovering from a stop-chase through the 18 DMA (1.2060) in time to avoid more sell orders sitting at or beneath 1.2050. Nevertheless, EUR/USD also faces heavy and layered option expiry interest from the round number above to 1.2150, including 1.3 bn at 1.2100, 1 bn from...
GBPUSD H4 1.40 support incoming, looking to either set a pending order on this price level or an alert to make sure this move isn't missed, perfect corrections, shame we closed out yesterdays short at 200 to try and get a better entry! Win some, miss some, lose some. Part of the game, 1.40 support will be a great buy entry for us I feel.
completion , price action. probability, risk management.
GBPUSD H4 As mentioned earlier, still focussing on this pair, we are yet to have seen a GBP bearish correction or a USD relief rally. DXY responding nicely to that 90.00 DXY whole number, I'd like to see some sort of a correction this week, can play with profits secured from minor dips we were playing with yesterday from shorting the 1.41525 price.
EURNZD H4 We have almost realised the full move from support to resistance here, relatively bullish for the whole stint. Pretty much all swallowed up during the eastern session. Certainly a region we could anticipate a relief rally and another S/R wave back down from 1.68 to 1.66800.
Prior Chart: The Pound unwinds some of its all round appreciation, though keeps its head above water amidst robust UK consumption surveys and confirmation from PM Johnson that the 3rd phase of lifting lockdown restrictions will go ahead next Monday. Elsewhere, the GBP/JPY has reached our upside target of 154.00 with pinpoint accuracy. Another 200 pips bagged....
Long Bias Right now on the USDCNH. good luck
Before: Sterling is sharply outperforming in similar vain to this time last Monday when most in the UK where absent due to the early May Day Bank holiday, and several factors are aligning to propel the Pound beyond key or psychological levels against its major counterparts. Indeed, Cable has breached the 1.4000 mark that has been impervious since late...
saw @secondtonumb8 idea, digged in and found a smaller cup and handle. courrently running in a channel built from 2015(res) 2018(sup) the sucker is going up, will wait for break on res line of the cup, sl on the 50%of the channel(grey), might be thight, could be a good idea letting it breathe at entry somewhere in the yellow supp area. look at @secondtonumb8 idea...
The currency pair looks like it is currently in a uptrend and could carry on for a couple weeks. As well, with the falling UK covid cases and high vaccination rate the economy is constantly looking to improve, along with new policies from the bank of England last week, Pound is looking very strong at the start of the week. On the other side, Japan are getting a...
EURAUD 4H is trending down and the price is below ema. if you find this analysis useful, please support me with your likes and comments. If you have another analysis on this pair, please share it in the comments. Good luck