Forexexpats

Forexexpats

NZD/USD is at lower channel resistance and provides excellent risk/ reward trade. Good luck.

Forexexpats

This could be the final wave correction where it's common for wave 1 to equal wave 5 . It also fits nicely into a double bottom as shown, for the bullish start of new cycle. The long term USD direction should be down, but nothing goes in a straight line.

Forexexpats

GBP/USD has been correcting for some time now but hasn't reached an ABC equal legs yet. The sharp reversal in the DXY last week even after a bad NFP reading suggests GPB/USD weakness to 1.33 and maybe below. Good 2:1 reward risk at market open on Monday 11th October. TP 1 at 1.3425 previous low. TP 2 at 1.33

Forexexpats

USOil needs a retracement to complete wave 2 if bullish or now is the time for further declines. Either way should fall from here.