James-T

James-T

The EUR/JPY's recent bullish run has fallen a little out of steam over the last two trading sessions. However, if the current support of 146.93 can hold there might be a potential for a long trade in the medium term, this is despite the EU CPI which is due tomorrow which is expected to decline to 6.9%. With the USD struggling to find a firm footing and the...

James-T

With US CPI showing signs of cooling and the EUR/USD trading at the highest levels YTD, there is potential for a medium term short on the USD/CHF. There are signs that on a daily 3 of the ribbons are beginning to move in parallel indicating that the current downtrend is strong, However the RSI is dropping slightly below the 30 level on the daily but not on a...

James-T

With both the Australian Employment change and Unemployment rate on its way and with both expecting to coming in worse than previous readings, I still think there is a potential for a long position in the medium term as long as the current support can hold. First potential target 0.67611

James-T

With the US CPI due tomorrow and with the latest survey predicting that there is a 71% chance that the next FED rate hike might be another 25bps, I feel there is potential that S&P 500 could move higher in the medium term. The trend line on a daily is looking like a firm support for now and there are 3 of the ribbons moving in parallel which may indicate that...

James-T

The GBP/USD seems to have found a suborn resistance in the medium term at 1.2436. With the US CPI due tomorrow and if this level can hold, there may be a potential selling opportunity in the medium term. Two of the ribbons are also contracting. First potential target 1.2316

James-T

With the market holding its breath for the US CPI and FOMC minutes due on Wednesday, potential for a short-term trade on gold on the upside. The yellow metal seems to have found a stable support around $1994.15 and first potential target $2023.76

James-T

With the NFP coming in slightly lower than expected but not at a drastic number, it shows that US labour market still has life in it yet, I see potential pressure on the Crypto king. With a big week ahead next week, which will include the release of the the US CPI number and the FOMC minutes, concerns of what the FED may do will potentially weigh heavy on Bitcoin...

James-T

Though the ADP came in lower than expected, with the NFP however I am anticipating a lower reading from previous number but not a drastic one. With that in mind there could be a potential short-term bounce for the USD/JPY, first potential target 132.62

James-T

Despite feeling the heat in the previous trading session, the GBP/JPY seems to be holding for now. However, with more hawkish comments coming out of the BOE, and potential that the the ribbons are showing signs of possible contraction, in the long-term there could be room for more future gains. Key first target 166.94

James-T

The FTSE seems to be building higher, thanks mainly to major gains in oil corporation Shell after 1st quarter earnings update. China serivce sector is showing growth which helped its boost. 1st potential target 7766.20, 2nd potential target 7791.30

James-T

In light of a lower than expected ADP number and with the NFP on the horizon, there is potential for further gains for bitcoin. Despite there is potential expansion with the ribbons, I still think there is room for further gains in the short-term. I keep to my original 1st target published a few days ago of $28492.76, however I also see a potential 2nd target of...

James-T

In light of the broader USD sell off there is potential for further gains for the cable. It is a possible too that the MA ribbons may look like they are getting ready to run parallel indicating that the current short-term uptrend is strong and could get stronger in the medium term. 1st potential target 1.26532( High of May 2022)

James-T

With Cardano aiming to be top Ethereum VM Chain by next month and that ETHUSD is trading comfortably above the 100 day MA on a weekly chart, see potential for more gains in the medium term. First potential target 1957.73

James-T

In mind of a light financial calendar today, and the USD still on the back foot I see potential in the medium term for more gains on for the EURO. There is small signs of the ribbons contracting but I still believe the current up trend can hold. 1st potential target 1.09949

James-T

On a short-term chart (1hr), possible short-term trade on Bitcoin. With the MA ribbons beginning to expand it may indicate that the recent downward pressure is coming to an end in the short-term. Possible pending order at $28122.83, with first potential target at $28492.76

James-T

With only the US ISM manufacturing on the horizon today and with eyes mainly on the US NFP at the end of the week, I see that gold is holding above $1949.69, leaving room to potential move higher in the short-term. MAs are showing possible contraction however, I believe it is too soon for a change in direction lower. 1st target potential target $1984.97