FX618Analysis

FX618Analysis

DXY is Bullish on long term, however after another upwards impulse it looks like time for consolidation has likely arrived. Here we focus on the USDCAD 4H chart, where the price seems to be loosing momentum as evident by the RSI & naked eye. The key here is to of course as always wait for the support break and then only go SHORT provided the price retraces to...

FX618Analysis

WHAT A FANTASTIC SHORT POSITION THIS HAS BEEN FOR THE AUDUSD TRADERS WHO CAUGHT THE MOVE @ 0.72000 AFTER THE DEMAND ZONE/SUPPORT BREAK WAS CONFIRMED. NOW THE QUESTION COMES TO BEG: WOULD AUDUSD PROVIDE THE RE-ENTRY POINT FOR SOME OF US TO ENTER AGAIN AND SHORT IT? With the FED tightening so aggressively, AUDUSD is bound to sink and the ideal target seems to be...

FX618Analysis

Having broken the demand zone/ support located at 1.1000 area, GBPUSD is likely to make a stop towards the 1.08000 region where the upcoming support/demand zone lies. Have a look at the main chart for complete instruction on the trade details. Note: Trade is considered invalid shall the TP hit first. Trade Cautiously & Safely. Cheers

FX618Analysis

With DXY having broken a crucial supply zone/resistance @ 110.000, the road to 120.000 seems obstacle free speaking technically. On the other hand, looking at the fundamental picture, we can expect the FED to keep raising rates to tame the inflation. This would in turn as expected give value to the DXY and make it appreciate further thus sending other currencies...

FX618Analysis

The major support at 0.96000 is being threatened to break, once this happens we can expect the price to head way down at next support/ demand zone located at 0.87000. With the FED tightening aggressively to tame the inflation, the likely hood of DXY momentum gaining traction is highly likely! This in turn could make the EURO fall gradually towards 0.87000...

FX618Analysis

USDCAD Broke the supply zone at 1.36630 and now the price seems to be aiming towards the next upcoming supply zone located at 1.38340. The stop loss is ideally suggested to be placed below swing low/ demand zone at 1.35500. Have a look at the main chart for complete trade details. Trade Cautiously & Safely. Cheers

FX618Analysis

With another crucial resistance broken at 1.37200, the Loonie seems to be on a gradual path to depreciation against the greenback. With FED aggressively raising rates to tame inflation, we can expect the DXY to get stronger and stronger near-term. No different analysis applies to USDCAD, as the Loonie is likely set to depreciate both technically and fundamentally...

FX618Analysis

Loonie might likely consolidate this week as the prices would likely try to aim for the rising trendline. After the BOC raised the rates by 100bps, the consolidation scenario seems likely before the major uptrend resumes. Technically, looking at the main chart the price failed to breach the 1.30700 level and created multiple wicks signaling rejection. For the...

FX618Analysis

Again speaking fundamentally, the GBP is quite weak Vs the super strong USD. Based on this we could see GBPUSD falling further gradually. On the technical part of the things, its quite clear that the price broke the demand zone / support level and now it seems to be headed towards its next support/ demand zone. Have a look at the main chart to observe all the...

FX618Analysis

Fundamentally, there is no saving the YEN as the central bank of japan decided to stick to its policy whereas the opposite could be said for the safehaven high yielding USD. The difference in interest rates has pushed the USD higher against all major and developing currencies. With the inflation still yet to peak, we can expect the FED to keep raising the interest...

FX618Analysis

Fundamentally & Technically there is likely NO HOPE of saving the EURO! Fundamentally if you read the news, there is not even a glimmer of hope to save the EURO in the near term against a strong greenback! Here we focus on the technical side of the things. Currently the price is accelerating to the downside towards the support of 0.98000 region. Therefore once...

FX618Analysis

The USD broke a major supply zone along with the crucial resistance. It looks like the price will likely head higher gradually. Have a look at the main chart for all major details.

FX618Analysis

EURUSD has broken the descending trendline & the resistance, now its likely aiming for the upcoming resistance as visible on the main chart. The rising prices seems to be supported by the ascending trendline. After breakout, the prices seems to be consolidating & might target the rising trendline before heading higher to the ideal next resistance. Have a look at...

FX618Analysis

On the 4H TF, the support & the trendline supporting the prices breached too. Now the price is likely headed to its next ideal support. The path to target seems to have no resistance present at the moment, so its likely that the price retraces slightly before heading south. Have a look at the main chart for complete information

FX618Analysis Updated 

USDCAD broke 1.29800 support on the 1H Timeframe & now looks to head to its next support which lies in the 1.29160 area. All the trade criteria have been met, have a look at the main chart for all the trade instructions and levels. Shall there be any updates, i shall provide them in this thread. cheers

FX618Analysis

With the year on year inflation in the US reaching 8.3%, the USD looks to ease of its rally slightly and most likely looking to correct to the downside after great gains in the previous numerous weeks. Shall this occur, that does not mean that the USD rally has ended, simply put the price is consolidating before resuming its upward trend. The fundamentals are...

FX618Analysis Updated 

USDCHF broke the lower support on 1H charts and could be headed lower towards the 0.99000 level. check the main chart for trade details. Any updates would be provided in this thread. Trade safely, the RR is 1:1. Cheers

FX618Analysis

USDCAD broke the major resistance on the weekly & monthly timeframe signaling that it is ready to head higher towards the next high present at 1.33500. With the DXY also likely to head higher, this particular pair has been quite resilient in heading higher due to the Lonnie being supported by higher OIL prices. However a slow move upwards is supported by the...