Evening Traders,
Today’s analysis – USDJPY – trading towards a key swing high where a rejection is probable,
Points to consider,
- Price action impulsive
- Local S/R Support
- .618 Fibonacci Confluence
- POC Support Confluence
-
USDYJPY’s immediate price action is impulsive, a swing failure pattern allows for a bearish bias.
The Local S/R is current...
Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke below the key level of 133.
The eurozone final CPI y/y data will be released later at 1700 (GMT+8).
Final CPI y/y (Forecast: 2.0%, Previous: 2.0%)
Final Core CPI y/y (Forecast: 0.9%, Previous: 0.9%)
Currently, EUR/JPY is testing the support zone of 132.800 and the next resistance zone is at...
Overall, GBP/USD is trending downwards. Recently, GBP/USD weakened after the hawkish tone sent out by the U.S. Federal Reserve.
The UK CPI y/y data released yesterday indicated an increase in annual inflation in May. Inflation rate has now hit the Bank of England’s 2-3% target range.
CPI y/y (Actual: 2.1%, Forecast: 1.8%, Previous: 1.5%)
Core CPI y/y (Actual:...
Overall, EUR/USD is trending downwards. Recently, EUR/USD weakened and broke below the key level of 1.21 after the hawkish tone sent out by the U.S. Federal Reserve.
The eurozone final CPI y/y data will be released later at 1700 (GMT+8).
Final CPI y/y (Forecast: 2.0%, Previous: 2.0%)
Final Core CPI y/y (Forecast: 0.9%, Previous: 0.9%)
Currently, EUR/USD is...
Overall, AUD/USD is trending downwards. Recently, AUD/USD weakened after the hawkish tone sent out by the U.S. Federal Reserve
In his earlier speech, the Reserve Bank of Australia (RBA) Governor Lowe highlighted that after the review by the central bank on a range of possible scenarios, “some conditions for an increase in the cash rate could be met during 20204,...
Analysis:
Gold made a massive downside move as we expected earlier,
Now we'll monitor the situation for a perfect trading setup.
There are two possibilities as per below. Please look out for setup.
If you like clean analysis like this please follow for more.
Happy trading.!
Best Regards,
The MorningStar Forex
...
Overall, USD/JPY is trending upwards. Recently, USD/JPY strengthened and broke above the key level of 110 after the hawkish tone sent out by the U.S. Federal Reserve.
Currently, USD/JPY is testing the resistance zone of 110.800 and the next support zone is at 108.500.
Look for buying opportunities of USD/JPY if it breaks the resistance zone of 110.800.
Overall, GBP/USD is ranging across. Recently, GBP/JPY tested but failed to break above the key level of 155.
The UK CPI y/y data released yesterday indicated an increase in annual inflation in May. Inflation rate has now hit the Bank of England’s 2-3% target range.
CPI y/y (Actual: 2.1%, Forecast: 1.8%, Previous: 1.5%)
Core CPI y/y (Actual: 2.0%, Forecast:...
Overall, USD/CAD is trending upwards. Recently, USD/CAD broke above the resistance zone of 1.22400 after the hawkish tone sent out by the U.S. Federal Reserve.
The Canadian CPI m/m data (Actual: 0.5%, Forecast: 0.4%, Previous: 0.5%) released yesterday indicated that inflation remained the same as previous month.
Currently, USD/CAD is moving towards the key level...
Overall, NZD/USD is trending downwards. Recently, NZD/USD broke below the support zone of 0.71000 after the hawkish tone sent out by the U.S. Federal Reserve.
The New Zealand GDP q/q data (Actual: 1.6%, Forecast: 0.5%, Previous: -1.0%) released earlier today indicated a rebound in economic growth during the first quarter of 2021 from the previous quarter’s...
As you can see, BTC hit the 0.618 of the pitchfork. if BTC loses the highlighted level, the target is the mid-line where is the bottom of the blue channel.
therefore I believe that the first target is $33783.33 and the second target in bearish trend is 31923.27
Note that these are not exact price but an approximation
ETHUSD now the price try to break upward zone and i think will can break it, so if can break it to upward will get my targets.
——
Tendency: upward
Entry: above 2410$
Tp.: 2675 & 2920 & 3560
Sl.: under 1930
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Elon Musk: "Tesla has diamond hands"
$TSLA is one of the top most talked...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been swing trading EV sector tyrant $chpt for the past...
The price of gold is currently consolidating below the 23.6 per cent Fibonacci retracement level at 1858.07, in anticipation of future price depreciation.
These expectations are substantiated by the fact that the consolidation is taking the form of a Bearish Triangle, which is typically taken to represent a downtrend continuation pattern.
In other words,...
