Updated View On EUR/GBP (15 Feb 2018) As far as we can see, it is currently in the mini uptrend with a healthy Higher High and Higher Low pattern. The higher low is 0.876 region and it shall act as good support. So, as long as that region is not broken, it can rise up higher for now. The next TP/resistant level will be 0.8880 regions. This is where traders...
View On GBP/JPY (16 Feb 2019) We had a strong swing last week on all GBP related pairs. As of Friday candle, it is confirmed that 141 level is strong support and it ends with a rather bull momentum. So, we are seeing a possible further upside. ------------- Our Analysis ------------- LONG (entry is valid as long as the price is above 141.1) SL 139.1 TP1...
View On BTC/USD (18 Feb 2018) BitCoin is a big range/Swing mode for the past 2 months as it is priming for the next big move. We expect it shall rise UP soon. We are seeing 3500 and 3200 as strong regions of support. At the same time, we have $3,800, $4,150 and $4,500 as good resistants (TP area). DYODD, all the best and read the disclaimer too. Feel...
View On Hong Kong Stock Index (HSI) (19 Feb 2019) We have been bullish on HSI since the last December and the market has been hitting our taking profit levels (TPs) one after another. Go see our previous write-ups for more info. As of now, 28,470 to 28,530 was acting as temp resistant regions for now and the PA is trying hard to break it up. Sooner or later...
View On Crude Oil (13 Feb 2019) As per our previous trade analysis, the price had hit our TP2 level of $53.5, Now we are seeing $55 level as very strong resistant and the price may have a hard time breaking it up. It may be in the early stage of an upcoming sell down. We will update you again as it starts to play out in our way. DYODD, all the best and...
XXX/USD: Bearish (USD still have the upper hand) Gold & Silver: Mixed XXX/JPY: Slightly Bullish Indexes: Bullish BitCoin: Slight Bullish Post Scriptum: This analysis is for “general overview only” as it is solely based price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume, Macro nor any other factors are not...
View On Dow Jones On (15 Feb 2018) Dow Jones (and other major stocks markets) had strong up/rebound in last January. Moving forward, it is getting obvious that the bullish momentum has slowed. We are expecting that it is in the transiting toward a range bound market. You will need to pay more attention as it can swing around (changing bull/bear candle)...
Updated On NZD/JPY (15 Feb 2019) It has hit the resistant level of 76 and currently, it’s making a pullback. It can swing to the nearest support level of 74.06. It is more of just "a momentum play" to us before it resumes the overall uptrend. We expect the sell-down will be pretty much contained as we see the pairs have potential massive support near 72.3...
View On AUD/NZD (7 Feb 2019) This is one beautiful LONG set up IMO. I am expecting it shall visit 1.0650 level soon. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment...
View On USD/CHF (30 Jan 2019) I see the fed shall not raise the rate tonight? Why? They have no reason to do so. National GDP and Unemployment rate are within the expected range. We may have some "risk on" effect due to the no hike and it can bring positive impact on USD/CHF We are taking off my previous short bias on this pair. ------------- Our Analysis...
First of all, THIS IS ONE RISKY COUNTER. DYODD big time on this. NO reward can come without risk. We are seeing a possible sign of bullishness. It will become more obvious once it breaks up 0.03 level. It is not recommended for Contra trading, too. Legal Risk Disclosure: Trading foreign exchange (or) CFD on margin carries a high level of risk, and may...
View On USD/JPY (7 Feb 2019) We are back on the risk on period and this pair is too rise higher. It is facing some resistant near 110 level but sooner or later it will break out UP. ------------- Our Analysis ------------- LONG (entry is valid as long as the price is above 108.5.) SL 107.1 TP1 110.8 TP2 112 DYODD, all the best and read the disclaimer...
View On XAU/USD (11 Feb 2018) In The medium-term (3 months to 6 months time horizon) is bullish but as for the short term, I personally do not think it has enough strength to break out $1,325-$1,330 regions "easily". I am not in the hurry to long, just yet as I prefer it to go in with strong bullish momentum at good support. I will wait patiently to buy in,...
View On USD/CAD (10 Feb 2019) We had a quick run up and it may do some pull back for now. But as long as 1.312 level is supported, we can swing up to 1.337 level again. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high...
XXX/USD: Very Bearish (USD is making a strike back) Gold & Silver: Mixed/Slightly Bearish XXX/JPY: Very Bearish Indexes: Neutral BitCoin: Slight Bullish
View On Nico Steel (8 Feb 2019) This counter is one slo-mo counter but it is still proving its overall bullishness. Trade with care as well since it is very speculative, it shall reach 0.007 level soon. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Disclaimer: The information contained in...
We had a strong breakout and my previous trade idea is no longer valid. Price Action is too strong to call for any bearishness at this moment.
View On GBP/JPY (7 Feb 2019) We are back on the risk on period ib overall and it can bring this pair up higher. Do not get fooled the price action alone. It is facing some resistant near 142.8 level but sooner or later it will break out UP. ------------- Our Analysis ------------- LONG (entry is valid as long as the price is above 141.1) SL 139.1 TP1...