DNP-FX

DNP-FX Updated 

EURGBP H4, Intraday bearish possibility, Sell limit ascending triangle resistance @0.8592. Target : ascending triangle support area. Stoploss above 0.8620.

DNP-FX

Before July, USOIL was seen moving in the consolidation channel area which tends to be bullish. in July, USOIL sentiment will tend to be bearish. The Organization of the Petroleum Exporting Countries (OPEC) member states announced plans to adjust oil production upward in July by 0.648 million barrels per day at the 29th OPEC and non-OPEC Ministerial Meeting on...

DNP-FX

There is something interesting about the policies of some of the world's major central banks in recent months. Recently, the European Central Bank (ECB) said it would raise interest rates next month. On other hand the Organization of Petroleum Exporting Countries and its allies (OPEC) agreed to rising output by 648,000 barrels per day (bpd) per month in July and...

DNP-FX

100 selected UK big companies that are components of the FTSE 100 index, only 9 stocks record gains, while 91 stocks losses and 1 stock traded unchanged. Bearish trend may end this week. I see a bullish potential, the price is in the weekly strong support area. With a tail tolerance of 4.3% below the support area. Price is possible to be bullish in the future.

DNP-FX Updated 

Minister of Finance Suzuki said "I want to watch the market trend with a sense of tension." "As the USDJPY touch 130 yen, Will we enter a phase where such upside movement is repeated in the future? I want to keep in mind that it probably isn't." But given the dollar/yen’s trend is based on fundamentals and divergence in monetary policy, the market will again test...

DNP-FX

ETHUSD WEEKLY Everyone can buy different assets from around the world without dealing with banks and bureaucracy. Ethereum can allow people to tokenize works of art, patents, mortgages, person-to-person transactions, and even offer a voting system. The main goal of ether is not to be an alternative to global currency, but to facilitate smart contracts and...

DNP-FX

Chart pattern analysis can be combined with the CCI 20 indicator. In the case of EURJPY we can make a sell entry because the indicator has finished from the overbought area. Stop loss if the price is above the overbought area, above upperband (+100). Take profit if the indicator drops to the middleband (0) or lowerband (-100).

DNP-FX Updated 

Asia Pacific stock markets were mostly bullish on Monday (June 6th) morning as China eased COVID-19 restrictions, giving hope for the global economic recovery. Also, the upbeat US jobs report opens the door for the US Federal Reserve to remain decisive on inflation. Nikkei has breakout the resistance area. After several months inside the falling wedge area. So...

DNP-FX

“Loonie” is one of the most liquid pairs in the forex market. This is because this currency pair represents the two largest and most stable economies in the world. The economic environment in Canada is similar to that of the United States. Both countries have a long history as trading partners and both countries have high per capita incomes. The dynamics of oil...

DNP-FX

Concerns about global inflation have made market players look for safe havens. Very optimistic USA monetary and fiscal policy, USD can be the main safe-haven choice besides gold . I see from the bigboys sentiment, they have started releasing gold contracts to switch to USD. This optimism will make gold tend to be bearish towards the support area. JUNE 10th,...

DNP-FX

The Organization of the Petroleum Exporting Countries and its allies (OPEC), agreed on Thursday to increase output by 648,000 barrels per day (bpd) per month in July and August instead of the previously agreed 432,000 bpd. OPEC decision to increase production targets slightly more than planned. As a result of that expectation, it will have little effect on tight...

DNP-FX

Australian shares are expected to start the day lower tracking overnight losses on Wall Street. Energy crisis statement just released. Queensland businesses are calling for a state government rebate to offset surging power bills. AU200 H4 Breakout

DNP-FX

Eurozone inflation in May 2022 which rose to another record high, boosting yields on government bonds. Yields were boosted as markets saw inflation data as a challenge to the view of the European Central Bank (ECB) which argues that gradual rate hikes from July will be enough to tame rapid price growth. On the other hand the European Central Bank (ECB) sent mixed...

DNP-FX

Today the BOC decided to raise its benchmark interest rate from 1% to 1.5%. The monetary authority last raised the benchmark interest rate by 50 bps in May 2000. It was the biggest single move in two decades. The soaring oil price also became a sentiment for the strengthening of the Canadian dollar. Eurozone inflation in May 2022 which rose to another record...

DNP-FX

The benchmark Nikkei 225 index on the Tokyo Stock Exchange rose 587 points, or 2.19% to 27,369 points, marking its highest closing level since April 21. Investors were temporarily relieved by the US data, as concerns that the Fed would push for aggressive monetary policy receded. Bullish trend is limited to 27,777 rebound is possible. If breakout, the price will...

DNP-FX

Asian shares erased early losses in Tuesday afternoon trade, as signs that China's economic pain may be gradually easing amid the easing of COVID-19 restrictions overshadowed broader investor concerns about a global inflation shock. Also lifting sentiment in the Asian region were details of Beijing's new policy support, which includes cash grants to hire fresh...

DNP-FX

We can see GBPUSD breakout after a few days bullish, it is possible the price retesting and be a reversal. This is my GBPUSD trading plan.

DNP-FX

OANDA:UK100GBP have no power to breakout above the highest resistance area Aug 2019 - Jan 2020. Last month UK100 was bearish to the diagonal trendline support, and returned to the horizontal resistance area . However, at the end of 2021 there was a bearish divergence signal. where the price is bullish but the flat indicator value tends to bearish. Bearish...