EUR/JPY pair rallied initially during the day on Monday, but then turned right back around to form a slightly negative candle. With this being the case, the market looks as if it is ready to continue going sideways overall, and with that I believe it’s difficult to trade this market during what is the largest holiday season of the year. With this being the case,...
Long opportunity to enter at 8.28355. Market revue, technical analysis and data .
BOJ Governor Mar 2013 - Apr 2018. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues. As head of the central bank, which controls short term interest rates, he has important influence over the nation's currency value. Traders scrutinize his speeches as they are often used to drop subtle clues regarding future...
Given the pair continue trading at lows below 1.0830, the 1.0815 and the 1.0800, followed by 1.0790-95 horizontal support, are likely crucial supports to watch, which if broken can further drag it to 1.0730-25 support-zone. Should the pair reverses its recent breakdown, on near oversold RSI, the 1.0890 and the 61.8% Fibo level of 1.0920, adjacent to 1.0925 TL...
The EUR/GBP pair broke higher during the course of the session on Friday, as we continue to grind our way to the upside. I believe that there is a massive amount of support below though, so having said that I feel it’s only a matter time before the buyers return every time we sell off. This is my strategy in the moment, to simply buy dips in this market for...
While most options traders are familiar with the leverage and flexibility that options offer, not everybody is aware of their value as predictive tools. Yet one of the most reliable indicators of future market direction is a contrarian-sentiment measure known as the put/call options volume ratio. By tracking the daily and weekly volume of puts and calls in the...
The pair did very little during the course of the day on Friday . I do see a significant amount of resistance above at the 115 level in order to keep this market somewhat negative. If we break down below the 112 level, then we should reach towards the 111 level. Ultimately though, this is a market that should continue to chop around overall with a slightly...
USDCAD pair ended ON Friday trading with clear negativity to attack 1.2985 level, as the price found difficulty to surpass the EMA50, which hints the stop of the correctional bullish wave that started from the previously recorded low at 1.2459, to return to resume its main bearish track again. I expect the domination of the bearish trend in the upcoming...
Might be difficult to get this ball rolling with a smooth start but in the event of a proper channel breach (pictured) and a solid daily close below 1.100 , there's about 550 Pips on offer till the March low of 1.045 if risk aversion truly kicks in, coupled with a rapid devaluation of the EUR. The EUR is currently a moderately risky asset to hold what with...