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EURJPY had a third touch of the major downtrend channel and it has gone back to the upside to retest the previous zone of support which is not resistance. COULD we see it move to the downside
We saw the pair move to the downside following the loss of strength on the dollar. The CAD however has been gaining strength as the oil prices have been increasing and the OPEC+ have been discussing on issues involving oil. SO if we see the CAD economic figures continue to strengthen, we could see USDCAD break the zones of 1.24000 to the downside.
Let's see how it...
We have seen a clear downtrend channel on GU and we could continue to see the market move to the upside into the zones of 1.36025. you could zoom out to see the downtrend I am talking about. Let's see how it plays out.
trade wisely.
CADJPY has been moving in a down channel and we have since seen it crash to the downside as of Friday when the JPY gained strength against some pairs. Oil prices did fall which also signified a bit of CAD weakness and the analysis I had in my hands went through smoothly. However, we have two options for a trade, we could see mitigation of the imbalance we saw as...
As we explained we can see a clea channel and the Dollar touched the trend resistance. Could we see the USDOLLAR lose value? What could back this up?
A delay in the economic tapering which was supposed to be released earlier but will now be pushed further as the FED has to work on fixing the risen inflation. Up 6 percent which is the highest ever. Let's see how...
The market previously left the trending support and moed to the upside. That was a move I anticipated to be the final leg before gold reaches 1914, but the market has pulled back and is still respecting the channel. Could gold continue to respect the trend channel and move to the upside?
However, if we see Gold break the trend channel (support), we could see it...
We have since seen the AUD draw down the pound over the last month, as price action tells us. GA recently got to the PA support and began to move to the upside, giving higher highs and higher lows. The market structure (Ascending pattern) has been breached on the lower time frames but we are patently waiting for the 4H candle close to get a bias as to whether the...
NZDCAD has been consolidating for quite sometime now and we have a bullish sentiment for the pair. It has been making equal lows and equal highs and we are back to the support for the 6th time now. We could see a break to the downside and a move to the lows of 13th October. But for now now, i see the market move to the upside of which the prior move was a clean...
We have spotted out an uptrend channel on AUSSIE dollar that accompanied the markets to the upside and we did anticipated anticipate a move to the downside but then the market has been consolidating around the highs 3rd september. We look for a break of resistance to the downside. If we don't see that yet,the market could move to the 0.76147 level before heading...
POSSIBLE SHORTS ON USDCAD
1:4 RR
30 pip stop loss because that us a bad point to enter the market as your stop loss isnt protected by any previous high or key zone.
manufacturing PMI at 2;30PM (utc +20
I expected the market to bounce to the upside upon hitting 1.24214, but we broke the level due to weakness on the DXY
Trade wisely.
dollar yuan came crushing down to 6.43013 and has seen quite a lot of resistance. So I am expecting to see the dollar gain strength against the yuan.
However the market could break 6.42734 but I am not so confident that the move could push to the downside.
Trade wisely
EU, just like GU (GBPUSD) , has been printing lower lows and lower highs. I am seeing a move to the downside on EU to print a new lower low. Part of of confluence is the break of the 0.5 Gann which happened to be a strong level of support. So this is a corrective move (retest) back to .5 Gann, before a lower low can be made.
trade wisely
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GU has been trending to the downside for quite sometime now printing lower lows and lower highs. We are yet to see the completion of the minor corection to the next resistance before a impulse move to the downside.
trade wisely. Like, share and comment your thoughts
We have a double possibility on EURJPY. It faked out of a down trend and came back down with massive JPY strength and my bias stays the same. I was a bit shaky prior to that.
my targets are set and this is just to help with your analysis.
This is a trading set up I have come up with. The chances of seeing JPY strength in my opinion are low due to the Evergrande crisis. But if it does gain strength, then we can see this working out temporarily.
break of the next level of support at 129.664 could be a great confirmation for a downside move. for now, watch the markets as there is a high possibility...
Ascending correction on UC and the market failed to break below 1.26220 which we expected but the dollar has been gaining strength over the last week. I am still anticipating dollar strength.
TRADE WISELY
