RandyFuego

RandyFuego

EURJPY shows a promising upcoming increase to the upside with the promise of economic stimulus to the EU economy during this pandemic. The phase of the Euro seems upbeat on the fundamental side. Wait for a pullback before entering the trade on a Long. Entry: 116.549 SL : 115.833 TP : 120.965 Good luck.

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GBPUSD Entry Below - 1.25723 TP - 1.09086 SL - 1.27488 UK extends lockdown to 3 more weeks. Strong pessimism on the GBP will drag the cable to historic lows in the upcoming weeks. Do expect a sequence of bearish candles towards the bottom of the predicted daily channel. 1.09086 being the first target for our swing short.

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Entry Below - 1735.507 TP - 1601.790 SL - 1761.923 Caped upside due to top of an upward channel. 50 to 60% Fibonacci retracement needed to continue to the upside.

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As shown and explained on the chart. Gold will start trending towards the downside. Be ready to witness the formation of a downtrend on the shinny metal.

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Gold has finally broken the daily channel, making room for a bearish continuation of the price. We're still expecting to see the shiny metal reach even lower prices in the following days.

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As shown on the chart. GBPCAD its currently following a downtrend.

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Great opportunity to short the GBPJPY, bearish daily candles are starting to appear on the chart. Our signal to sell is this breakout of a pennant to the downside and the rejection from the trend line on the daily chart. The upside seems to be capped with a dogi daily candle on the daily chart just under the trend line. We expect heavy selling pressure due to...

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GBPDKK has been on a bullish run for 2 weeks. At the start of the 17th of Feb week, its bearish intentions have been shown, bearish patterns forming indicating an imminent drop. On the chart we can see an Upside down incomplete M patter, a bearish triangle with a bearish breakout, a double top formed inside the triangle a continuation of the fall. Loo for entries...

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We expect the Euro to recover some strength after February's selloff. As shown on the chart, EURNZD have created a strong support around the 1.68376 area. A triangle with a bullish breakout indicates a potential bullish reversal in this case. In this case we expect a 230 pips increase.

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GBPCHF it's approaching the daily resistance. Unlike its other counterparts, such as the GBPJPY, GBPUSD and GBPCAD, the GBPCHF hasn't started dropping how it was expected for today Friday 14/02/2020. Although GBPCHF it's lagging behind its counterparts, we're expecting this drop. On the 1H chart we can clearly see a rising channel that it's trying to reach the...

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Price failed to break through resistance once more on the daily chart. Do expect a drop back to support with this neat Head and shoulders pattern.

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As shown on the chart, the GBPUSD its currently following a downtrend on the 4H chart, making 50% Fibonacci retracements along the way. These 50% Fibonacci retracements could be used for short entries on the 4H timeframe. Heavy pessimism about the UK/EU brexit deal its haunting the GBP and the EUR. With this fundamental information and the information provided by...

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EURGBP has managed to break out of the Daily triangle, leading to an imminent leap of faith to the downside, but as always we must keep an eye on the latest UK/EU news due to the political uncertainty of brexit and its effects on this pair. We expect a retest of Daily support. Trade safe and use proper risk management.

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USDCHF has finally broken out the downtrend on the lower time frames. An strong February NFP data and a long waited Fibo-retracement should boost the dollar higher before we can see another drop. We can see that the currency formed a reversal pattern on the daily chart ( inverted head and shoulders) and it's currently being held up by the 50MA which is also...

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USDCAD has been going on a downtrend for some time. Even though it looked like it was about to take off on the last impulse, the breakout was pulled back into the downtrend, meaning that we can expect a continuation of the downward momentum. We expect the USDCAD to keep the downward momentum for the following months, keeping an eye on oil prices as this...

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GBPJPY has formed a triangle on the 1D chart, this could be a great opportunity to buy for swing and intraday traders. To trade this idea you must first wait for a breakout of the triangle on the 1D and an entry structure on the 4H chart. Trade safe with proper risk management.

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GBPJPY has been rejected by Daily support once more. We shall expect a retest of the Daily resistance and 50MA.

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US30 or DOW Jones have finally made a long waited retracement. This 60% Fibonacci retracement could go both ways if we look at the technical analysis. First we must understand that this drop of a 60% could be attributed to the investor's reaction to world news and the fear of a recession in the US. News of the Novel corona virus could have triggered the "sell...