We already had a strong sell impulse from the top last week,
I'm expecting that the sell will continue on the GBPAUD to break dwon this sideway market mouvement.
Next week during the 15th of January an important event will take place in the UK regarding the BREXIT deal, so expect strong volatility on this paire.
With the start of this month, the OPEC+ cartel agreed to start cutting oil supplies from the market to push the prices up,
As the chart is showing, we already had a bying impulse from the level of 50$ and it is expected to continue of the upside.
Big market players are forecasting a higher Oil prices during 2019.
Goldman Sachs & Morgan Stanely...
Swing trade on the down side will be on USDCHF, we already seen a strong bearish impulse from the top and now the price actions are ranging is side way pattern building a flag,
My forecast about this trade will be meduime target 500 pips to long term traget 1000 pips.
The uncertainity on the Swiss Franc due to the referendum is over, so stong CHF...
I hope you enjoyed the $ strength during 2018 because as it may seems to be, it's about to reverse on the coming weeks,
I want to be clear, technically the US Dollar can still pushing for upside because it's the strongest currency on the market right now, due to the rewarding yield and due the unique performence of the US economie during...
I'm expecting that the bull momentum on the Aussie is over and it's reversing on all major paires,
Due to the high level of debt and the fragility of housing market in the Autralian economy,the RBA will maintaine the current monetary policy.
I will do my best to update this chart.
The USDCAD is pushing to the upside correctively for 45 days, forming a rising wedge.
This reversal pattern is telling us that correction will be soon over and the down trend will continue.
Hello Traders ,
I'm expecting the rally on the CADCHF to continue after this correction is done,
There is a probability that this flag will get bigger, but the hole setup will push up the price action.
Currently the greenback is the strongest currency across the bord due to the consistant intrest rate hike by the United State Federal Reserve aka ( FED ) and due to the uncertainty in the market since the beginning of the year the greenback plays the role of safe haven wich made it over pricedin the market.
Strong fondamentale evidence point to...
I'm expecting that DXY will correct back to the bottom of the flat formation.
Yesterday a strong rejection for the Dollar from the top, that can triger the impulse for a new corrective wave.
Sell trades are possible on : USDCAD, USDJPY, USDCHF.
Buy trades are possible on : EURUSD, AUDUSD, NZDUSD and less likly the PoundUSD.