Fundamentals & Sentiment USD: - USD is overbought according to CFTC, and CAD is oversold; Even if the buck is going higher in the medium term, it's time to cover some longs! - love USD short exposure in case of BoJ intervention CAD: - Inflation Expectations Differential - Decent PPI data - Canada is one of the strongest economies for the last Q + next month's...
Price is in uptrend structure and broke out of consolidation. Watch for potential bottom wick rejection at 193.400 or 192.928 zone for potential push up to 195.000 area as potential TP
The USDJPY has reached an optimal short-selling opportunity and is expected to yield significant profits in the near term. All signals I issued in April have resulted in profits, maintaining a consistent 100% accuracy rate. Weekly profits of at least 200% can be attained. Do not miss out on my accurate signals!
The Aussie (AUD/USD) is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6545 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level. Stop loss is at 0.6572 which is a level that sits above a pullback resistance. Take profit is at 0.6483 which is an overlap...
Yesterday I was looking for EURUSD to pullback off 1.0714 strong level which worked perfectly. Was looking for 1.0698 to hold but EURUSD dipped to the PZ before recovering. Red daily candle, though only slightly, thus IMO it is not clear but I am leaning towards a move lower. As long as 1.0714 holds -possible retest and rejection - look for a move down to break...
Simply return to previous level pattern All indicators are pointing down 10 pips in it The actual value of 2.7 is higher than both the previous value and the consensus forecast. This indicates that durable goods orders exceeded expectations, which could be seen as positive for the Canadian dollar. Lets see
We are expecting the AUDUSD to move higher which means US Fed cuts or RBA jacks up rates due to necessity to reduce the impact of inflation. A weaker AUD means the cost of imports rises because 90% of goods are imported and not made locally. As you can see there is an unofficial band which this pair trades in most of the time. 62 - 82 cents is this unofficial...
Trying to short and pick the top of an uptrend. Tight SL, ultra distant TP, therefore, big risk reward. Since it's wednesday, better to short it after rollover time to avoid high swap fees.
Trade #1 Entry Level: 1.36980 Stop Loss: 1.3850 Take Profit: 1.36450 Risk to Reward Ratio: 1:1 Trade #2 Entry Level: 1.36980 Stop Loss: 1.3850 Take Profit: 1.35675 Risk to Reward Ratio: 1:2
During the second half of Wednesday, GBP/USD remained in a range around 1.2450. While upbeat durable goods orders data helped the greenback hold its ground, improved risk sentiment allowed the pair to limit losses.
EUR/CAD is rising towards a resistance zone that is bounded by the descending trendline and Fibonacci retracement levels. It could potentially reverse off this zone to drop lower. Sell entry is between 1.4650 and 1.4655 which is a resistance zone that is bounded by the descending trendline and Fibonacci retracements at 38.2% and 50.0% levels. Stop loss is at...
This long trade on the GBP/AUD currency pair targets a price of 1.92597 within a 30-day timeframe. The rationale stems from an anticipated market correction to the upside, particularly within the monthly/weekly/daily timeframes. Risk will be managed through diligent monitoring without a specified stop loss, and I will utilize minimal leverage to mitigate risk exposure.
Price has just bounced off the support level which is an overlap support that aligns with the 23.6% Fibonacci retracement and could rise to our take profit. Entry: 0.64891 Why we like it: There is an overlap support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 0.64568 Why we like it: There is a pullback support level Take profit:...
The observed trend suggests a potential emergence of a hidden bearish divergence, characterized by a scenario where the Relative Strength Index (RSI) is anticipated to traverse into oversold territory while concurrently surpassing its preceding high, juxtaposed against the market's formation of a subsequent lower high. This divergence pattern typically signifies...
After the selloff occurred on the week of the 8th of April 2024, we have witnessed rangebound price action below the recent weekly sellside liquidity located @ 1.06950 which is my first point of call for longs. If you were to study Cable and Euro, you will notice that Cable sold off whilst Euro held it's ground, creating intraday higher highs and higher lows...
Hello everyone! Just a quick update on UJ. Added a pyramid Entry, while moving SL to the pyramid entry SL. Monitoring the 156 levels, But confident that this will go to 160.
It will be great to have price close above the Greenline with a daily candle. Then look for a candle confirmation after the daily candle close!! Stop-loss below the Greenline. Take profit at the BLACKLINE above. 600pips.
Price is rising towards a resistance level which has been identified as a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.71052 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.71720 Why we like it: There is a...