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Here we have our NZDUSD chart.
Another Currency pair driven down by US strength.
We are looking to get long at these previous price zones.
We are far off our MA's and our stochastic oscillator is reading way down low.
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The EURUSD chart is one that shows what can happen after a huge fall. Lately, Sentiment has driven down the Euro and given the dollar impressive strength.
Our Stochastic oscillator is way down and we are a huge way off our Important MA's.
As we know, the...
This is what we should be looking for on the lower timeframe front, we are simply moving from left to right with a circa 85 pip range, we could measure trades from support to resistance, but ideally not resistance to support, as we are ultimately expecting a bullish break to see out some corrective moves due from last week.
Another GBP pair we are following, but we are a little distance from our entry point, huge rallies for this pair last week as EUR gains and GBP dipped due to economic circumstances and data point releases.
0.85 is a huge psychological number which we can look to play from that's played out nicely during recent trade.
Expecting a larger correction here, we haven't exhausted from last weeks data point antics. Really want to pullback towards that 93.800 price (range box retest). From here, we know we will have seen healthy corrections, which removes the doubt of expecting them further down the line if we are to jump into USD bull trades.
Spoke about this pair in the technical rundown earlier on this morning. Retest entry was initially marked around 0.85080, where as the 0.85 handle was ideally the trade price to monitor. 0.85 pinned to the pip before rejecting and selling off.
That being said, we have bottomed out here on EURGBP. Eyes peeled on 0.85 again, possible short entry if we...
Of course, inline with the DXY break we have seen, we have obviously got various USD*** bull break setups and ***USD bear break setups.
We have seen an initial rejection of 1.27800, not so much interested in the short setup we have indicated, more so jumping in with the bullish move from 1.26250 support up to 1.27800 again with the chance up breaking...
Signal ID: 75657
Time Issued: Tuesday, 06 April 2021 21:00:15 GMT
Entry: 151.424 - 151.86
Stop Loss: 150.768
The Congestion Opportunities Strategy has just bought GBPJPY at 151.642. The system recommends entering this trade at any price between 151.424 and 151.86. The signal was issued because the 28-hour Relative Strength Index indicates...
Really big correction seen yesterday once again, no surprise, there was a whole market shift towards the latter part of London close, it was almost like month end flows were seen yesterday.
Support/resistance zone here seems like it wants to hold so far, little bit of time left on this H4. But relatively clean play thus far.
Approaching our retest price here on USDJPY, really want to see some exhaustion as I'm not sure how far we could bounce from DXY 90.000 psychological number.
If we see sequential downside waves, we could expect 105.300/400 hold. But I would rather see clear exhaustion, as the relief rally from 90.00 could be quite significant.
Bullish outlook here on CADJPY, however USDJPY looking for a bearish rejection from the resistance retest price we are approaching, analysis to follow.
Nice bounce initially here anyway, same as always, scouting out that breakout high at around 83.866 ish before looking for new highs. A double bottom on 83.150 could offer another entry.
We covered this pair on the watchlist webinar yesterday evening with our coaching programme members. Nice support zone identified, marginally lower lows set, but remembers market open causes some interesting price moves which we need to take with a pinch of salt, so to speak.
EURJPY H4 - Euro has seen some quite significant weakness so far this week, pulling downside back within our range box consolidation areas.
It would be good to see a two stage reversal on support. Buying from support would compliment out first rule. 2 stage reversal would be a perfect confirmation after such a sequential bearish trend too.
GBPUSD H4 - USD strength seen off the back of the weekend headlines and USD upside gap, various reasons supporting this, such as the US vaccination manufacturing, Trumps comments last week regarding stand-down and January 20th transition, stim packages etc...
Eyes peeled on DXY going forward this week, looking to suss our whether these moves are short or medium...
USDJPY H4 - Fresh lows being seen now on the lower timeframes, just need to sustain this for the daily close. Yesterday was a bit of a strange day to see initial strength (short lived on USD), but the bearish theme continues.