FX618Analysis

FX618Analysis Updated 

Price broke the main 0.83000 support on weekly timeframe. This break suggests that the price is ready to head down towards the next psychological support present at 0.8000 guided by the falling channel. Have a look at the main weekly chart for more observant information. Below are the trade details instructions: TRADE TYPE: SHORT SWING TRADE ENTRY: 0.83000 OR...

FX618Analysis

Inflation is the key driver for the current massive uptrend in the USDJPY! With the price hitting 125.000 psychological level resistance last couple of weeks ago, it has since failed to close above 125.000 on the monthly timeframe. At the moment the price hovering just beneath this key level. The current consolidation suggests the market is awaiting an impulse to...

FX618Analysis

EURJPY pushed higher with strong impulse last month after going all the way lower towards 125.000 psychological support and rejecting it. The current impulse was very intense until it tested the resistance that was present at 137.000 area and rejected it. This rejection was accompanied by the monthly candle closing beneath the key psychological resistance at...

FX618Analysis

Since the conflict began, EURO has been the worst performing currency! Now with the conflict continues to inflict pain on the European economy, we can expect the EURO to keep weakening. Against the safehaven CHF, it hit parity not so long ago and with the SNB not hinting at any intervention in markets, it is likely that this pair breaches parity and keeps heading...

FX618Analysis

Another EURO pair in Freefall for quite some time! Against the USD, the EURO has been free falling in the previous years to date and now the downtrend might continue as the fundamental factors are against the EURO and supported with the USD. On the technical perspective, the descending channel evident on the weekly charts should likely guide the price to the...

FX618Analysis

This Pair has been in a spotlight for quite sometime because it has been in a gradual free fall over some previous years. Now the free fall seems likely to continue as the the crucial support level of 0.83000 has been violated on both monthly and weekly time frames! Some few weeks ago, the 0.83000 level was finally violated and now the price seems likely to...

FX618Analysis

NZDUSD is still on course to likely hit 70 cents! With both NZD and USD weakening so far this week, this pair has been falling suggesting that the NZD is on heavy sell. However this represents a chance to go LONG on this pair since the criteria has already been fulfilled (Observe main chart for all details). Therefore it is suggested to await for the price to...

FX618Analysis

With rising inflation, the commodities linked currencies such as the AUD are set to keep appreciating in the near future! whereas on the other hand, the safehaven currencies such as the JPY and in this case the CHF, are all but set to drop in value in the coming months. This vast difference is based on the country's economic policies outlook. Here we are looking...

FX618Analysis

Soaring OIL prices has caused the LOONIE to strengthen considerably! On the other hand the JPY has lost ground against all the major currencies. The depreciation in the YEN is driven by the inflation fear in world's major economies caused by the conflict in eastern Europe and soaring OIL prices is not lending a helping hand to the JPY. With OIL prices predicted to...

FX618Analysis

USDCHF Climbed considerably high a few weeks ago breaking the long held range trading in the process on the back of the USD strength. However since then the price seems to have lost some momentum and now it looks to go lower. Based on technical perspective on the 4H timeframe, the support of 0.93000 must be broken on the daily chart! After this A Short swing trade...

FX618Analysis

A tricky scenario regarding the EURUSD! Its too oversold however the fundamentals are still very much against the EURO here. A LONG move is being capped by multiple resistance and one of the nearest trendline capping its growth is visible on the main 4H chart. Therefore a SHORT move would be favorable shall the technical criteria meet, one of them being the daily...

FX618Analysis

The long term ascending trendline has been violated which is evident to a smaller extent on the main daily chart. Have a look at the image below which show the weekly timeframe perspective of trendline violation: These two perspective strongly favor that indeed the trendline has been violated and now the price looks set to head lower and test 1.25000...

FX618Analysis

Price has rejected the strong psychological support located at 1.30000 level. The inverse head and shoulder pattern might be completed in the coming week on the daily chart, after which the price might likely target the next high located at 1.34100 region. However a move beyond 1.35000 looks unlikely at this moment, as the pair faces stern resistance at that...

FX618Analysis

With the risk off markets that highly affected the EUR against the safehaven CHF a couple of weeks ago, the price plummeted near the parity! At the moment the price seems to be recovering slightly and likely looks to be headed over to the next psychological resistance found at 1.05000 area. The Swiss National Bank is likely handing a helping hand to the EUR here...

FX618Analysis

Price is showing signs of exhaustion on 4H charts. This is evident by the Bearish RSI Divergence on the RSI. Have a look at the link below for the advanced technical and fundamental idea behind this setup. For more complete information, the main 4H chart provides all the required details. Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for...

FX618Analysis

With the price rejecting the concrete monthly psychological support twice, the evidence of a bullish RSI divergence is clear and evident on the main chart. Furthermore, the price broke a vital resistance level in the process signaling that its ready to head higher. Cheers, I hope you find this insight helpful. Please LIKE & FOLLOW for more insights into other...

FX618Analysis

With inflation running at decades high, USDJPY has been gaining a lot of momentum in the past few weeks driven by the FED's outlook on hiking rates. With the WAR between Russia & Ukraine contributing hugely to the already spiking inflation across the globe, the FED would probably be inclined to tame this by raising interest rates. But what is the FED's latest...

FX618Analysis

EURGBP faces multiple upside resistance. The descending long term channel is still holding strong and any impulse up-move would likely be met with stern resistance. Fundamentally the EURO is under enormous pressure as well. Looking at the main weekly chart, we could clearly see that the major support break has already taken place that was held on multiple...