The news yesterday caused a lot of volatility and we saw some misleading moves. The main buying idea remains, but we will look for an entry on a decline to 1.0824. We are in a sideways movement this week and will likely continue until the interest rate announcement on February 1st.
There have been no good opportunities over the last two days, but every drop has been fallowed by a sharp rise. It’s more likely that we will see a continuation of the upward movement towards 1.0990. There’s a lot of news today and we expect big fluctuations . Upon heading towards 1,0865 we will watch for a pullback and buying opportunity.
There is no clear opportunity on EURUSD again. In such moments, it is very important to be patient and wait for the clear grounds for a trade. We are watching to see if the rise will have the strength to continue or if we will see a lower top. On the downside, the target is a breakout of the 1.0833 bottom. We do not consider buys at current levels!
Yesterday we saw a new high and pullback from the resistance level at 1,0915. There ate no grounds for new trades on these levels. That’s why we prefer to wait for better trading opportunities. Upon another rise towards 1,0940 and pullback we will again look for selling opportunities. When there is no reason for trade, it’s better to find another asset or not...
Last week provided good buying opportunities for GBPUSD. This one starts with a new high and it's time to close all buy trades. We will keep an eye out for new opportunities in the coming days. If the movement does not have strength to higher values, it is very likely that we will see a decline to 1.2100. However, in order to trade this move we will need...
Today we look again at GBPUSD buying opportunities. Yesterday we saw a rise to the resistance zone. The more likely direction remains to the upside and the target is to reach 1.2478. For entry, we will watch the next hours for a pushback from the support zone.
Yesterday we saw a new momentum rally in GBPUSD and reaching all expected levels. Right now we already have a correction of over 100 pips from the top and there is no basis for new trades. We will watch the support and resistance areas for a possible reaction. We will be looking for new entries only when there are good grounds. During this time, other...
Today’s news will cause new movements and gives new trade opportunities. Over the past few days we’ve been looking at GBPUSD. Yesterday the price reached 1.2300 and made a new top. Thus, the expected movement after the news has been completed. Today we will look for another rise. Upon a breakout of 1,2315, the next resistance levels are 1,2370 & 1,2427.
The rising on GBPUSD continues and gives another chance to enter into a trade. Yesterday the price made a new top and reached 1,2289. However, we still expect that there will be strength to move above 1,2300. This gives another buy opportunities after the end of the correction. We’re watching for an end of the movement and good time to enter a trade. You...
GBPUSD is heading towards its final target. Last week we commented on possible rising to 1,2315. The movement is developing as planned and this morning the price breaks out the 1,2248 level. This confirms the expectations and gives a chance for another rising to the final goal. If the strength keeps we can see higher values. Thus, it will be possible to...
Yesterday we saw big swings during the news. In GBPUSD we saw a pullback off the support zone and a new high. It’s crucial now to see if this movement has the strength to continue. We’re looking at a new support zone that in the near hours we expect a reaction from. Upon another rise the goal will be 1,2315. The scenario fails on a breakout of 1,2087.
Today we expect US inflation (CPI) data to be released. This is some of the most important news right now, and it's making a big impact. Regardless of the values, we expect big fluctuations at the time of publication! Anyone who does not have experience and prefers more relaxed trading is recommended to just watch the movements! We have identified the...
Yesterday, EURUSD held above 1.0700 and made almost no correction. This prevents us from entering into a trade and we will wait for a better opportunity. Tomorrow is the important inflation news and we expect big swings again. We will be looking for an entry only upon correction and confirmation!
Yesterday the rise in EURUSD continued and broke another high. This confirms the upward move and we expect higher values. As always we will be looking for an entry after a correction. This way we’ll get the desired ratio and grounds for a trade. During this time we’re looking at better options in the EUR & GBP crosses.
The Friday's news had a big impact as we saw an impulse rise that continues right now. A break of the previous high destroys selling opportunities and signals further rising. Current levels are not suitable for trades. We need to see a correction before looking for new entries. This way we will have a good ratio, aiming for a break of 1.0713 and heading towards 1.0800!
Yesterday we saw another drop to the previous bottom at 1,0518. An important news is coming up today, so be careful. Job data is published every first Friday of the month. The news has tremendous impact on the market so we must be prepared. We expect the downside move to continue towards next target at 1,0440. It is possible to see enormous fluctuations and...
After the drop yesterday we saw a correction to 61,8 on the previous movement. From these levels we will watch for another drop and break out of 1,0518. Not direct sales are aimed, but a signal from a candle and entry confirmation. Upon a break out on the previous low the goal will be 1,044.
Yesterday we saw a sharp drop right down to 1,0518 , followed by correction. Today we expect a continuation of the downside move and break of the yesterday’s bottom. The first target is 1,0495, followed by 1,0431. It’s still not clear if the correction is finished and we have to wait for the right time to enter a trade.