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The market has been moving towards to bullish on US Dollar since the FOMC meeting in June as they have announced the planning of tapering and rising interest rate in the following year which gave a confidence boost to USD Which has been shown in the USD pairs and consider the fact that DXY has recently touched the 3 years now and starting to...
Since the outbreak of Coronavirus in March leading the global stock market plunge at an average of 30%, the global stock market has been making the best gain for 2 constructive quarter
But is this coming to an end ? Or are we already in the new bull market?
Right now the market is showing another rising wedge no matter which Bullish trendline we use
There was a...
Now that due to the weakening of dollar as Trump is currently sick, DXY dropped below the support which was relevant to our head and shoulder set up on EURUSD
EURUSD has broken the high of the head and we are currently in a Daily Bullish engulfing pattern ( as of GMT+8 23:53 )
Although the H4 200 MA pushed the momentum back a little bit , most likely we will be...
Quick idea
Head and shoulder forming
Possible Swing all the way to the monthly trendline
Short @ Market price
SL - 0.89700
TP 1 - 0.86500
TP 2 - 0.83600
TP 3 - Swing to Monthly trendline,
Trailing SL at 0.82000
Quick idea
Similar to AUDUSD
Fibonacci 0.5 held
possible double top
Short @ Market price
SL - 0.66750
TP 1 - 0.6605
TP 2 - 0.65650
TP 3 - 0.65150
TP 4 - Swing with trailing SL
I have talked about a trend reversal on last week analysis which happened this week and now we have just pullback to 0.618 Fibonacci level from the free fall which happened 2 weeks ago
Although there was a false break out above 1.176 before US market opening on Friday it was pushed back down soon after the false breakout and remain below 1.176 and formed a...
GBPUSD has pulled back quite a chunk after hitting the monthly trendline and right now we are sitting on the 200 Day Moving average and also holding just above 0.382 Fibonacci retracement from an all-time low in march
Next week will be an extremely important week for GBPUSD since the pair will either bounce back to levels above 1.28 or drop below the 200 Daily...
Last week has been a strong rally for EURUSD free-falling from 1.187 all the way down to 1.161 on Friday closing
But is the pullback finished? There is evidence showing us that the pullback might be coming to an end
On Friday US market opening EURUSD has broken the last support and making a lower low but stochastic is making a higher low which a stochastic...
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A perfect ascending triangle has happened last week which lead to a 80 pips profit and is this going to happen once again this week?
Although last bullish trendline is broken but currently there might be...
PERSONAL PREFERENCE ONLY
DO NOT FOLLOW OR COPY
IF YOU DID FOLLOW PLEASE DO IT UNDER PROPER RISK MANAGEMENT
I DO NOT AND WILL NOT TAKE ANY RESPONSIBILITIES
Area 1.1755-1.1765 are currently being tested as a support for the last 3 weeks
lower high has been forming but low are currently all being held in Area 1.1755-1.1765 and a descending triangle is currently...
