Scenario 1: price moves above .775 ( bullish ) Scenario 2: price moving below .775 ( Bearish ) Scenario 3 price doesn't move ( neutral )
CADSGD has seen an interesting 4 years we have been range based from 1.00-1.10 with our last trim to 1.00 being around last April. Since then we have seen 3 Lower highs (LH) form in the market around key areas of 1.10, 1.075, 1.50 From its last test of 1.00 the market has seemed to gain speed upwards with the trip from 1 to 1.0475 taking 105 days at a 4.73%...
CADSGD has seen an interesting 4 years we have been range based from 1.00-1.10 with our last trim to 1.00 being around last April. Since then we have seen 3 Lower highs (LH) form in the market around key areas of 1.10, 1.075, 1.50 From its last test of 1.00 the market has seemed to gain speed upwards with the trip from 1 to 1.0475 taking 105 days at a 4.73%...
Trade the market we have people, this is not a market that going down long term we can see the market pull backs only to shoot higher heres where we build our positions for when buying recovers in the market keep trades small and dont put it all on 1 position
Still long on the eur vs chf even with EUR buying more bonds
NZD projected to continue to gain momentum over the next few trading sessions as the US fed implements yield curve control putting negitive pressure on the dollar. on the chart we have a bullish area centered around a round psychological number with hesitations zones on both sides it must not close below the lower hesitation area to remain a valid up trend
Looking at a runaway EUR move to the downside and NZD to the upside resulting in a strong downward trend in the EUR/NZD
AUD news has been pretty bearish idk how you might take it but im buying it even more
When dealing with market I say there is only 2 types of markets you can trade either a range based market or a trending based market, Within a trending based market prices face multiple transitions of inefficiency of price movement. Where prices can rapidly move in one direction caused by low or illiquidity, meaning there isn't enough money trading in the...
Speed run 2 currencies 4 mins EUR USD JPY
NZD Update for JPY and USD under 3 min
This week we are looking at this pair to fall back then continue forward or stall out and stabilize before moving forward
Taken into account the AUD has been the best preforming currency in 2020 we are expecting this trend to continue we are long AUDUSD and building a position longer term by only closing trades by 50% then looking to add on further size. Price goes through a no liquidity phase meaning that it is good for momentum based moves but shouldn't be chased. It is here that...