Buy now Stoploss: 1202.24 Takeprofit: 1236.83
USD JPY (US Dollar / Japanese Yen) Also known as trading the “gopher” the USDJPY pair is one of the most traded pairs in the world. The value of these currencies when compared to each other is affected by the interest rate differential between the Federal Reserve and the Bank of Japan.
price action showing buyers are still in control of this area
NZD USD (New Zealand Dollar / US Dollar) This pair is the New Zealand Dollar vs. the U.S. Dollar. It is often referred to as trading the “Kiwi” because the $1 coin depicts the Kiwi bird. In 2012 the Reserve Bank of New Zealand intervened to devalue the Kiwi because it had appreciated so much. It is the 10th most traded currency in the world. SELL...
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of...
Entered back into the initial FAILED o uptrend because of its steep slope resistance is strong around 7750- 7820 Looking for a close (D) above 7.8 before the next big push forward As previously stated we have not moved back for a retracement (just sideways movement followed by upward swings) Trendline/Slope is very aggressive I predict a fall back into the...
Took some profits of my position yesterday where I went long. Now should be seeing a nice pullback to around 1.17260 (61.8 FIB). We respected the trendline so I'll be going short. I'll be risking around 20 pips for a 100 pips reward. Nice 5 RR ratio.