SIDCapital

SIDCapital

Unexpected week for NASDAQ despite corona virus pandemic and riot on Black Lives Matter which greatly affect the US economy (almost all instruments affected except NASDAQ), now I strongly believe NASDAQ is a new SAFE HAVEN!! Hence, upside movement still prevails after unexpected breakout from the previous resistance. Potential LONG entry as follows: Price is...

SIDCapital

AUDUSD is the only forex pair thats stubborn to retrace unlike any other USD related pairs, but this time around might be different as I am strongly believed the price has reached a VERY STRONG resistance level. Bearish momentum is likely to happen however it depends on the movement of US Dollar Index as it is hampered by the imminent recession in the US...

SIDCapital

What a patchy week for GBPUSD especially when US Dollar currency is waning in strength and imminent recession in the US economy. Fundamentally, GBPUSD would continue its bullish momentum however, market sentiment might be varied among traders trying to speculate the market. Hence, Ive come out the trading plan as follows: i) SHORT if the price breaks the current...

SIDCapital

Hi there, what an interesting week for GBPJPY. Bullish momentum apparently has lost its steam and now bear is about to win the war. As the price breaks the previous support, the bearish trend prevails. Trading Plan as follows: i) SHORT at the price of 135.383 with take profit 1 at 132.997 and take profit 2 at 130.787 ii) LONG if the price reaches 137.519 with...

SIDCapital

EURUSD continue its bullish momentum breaking through the previous resistance and now headed to a VERY STRONG Resistance level at 1.14611. Key Decision To Enter Trade: i) LONG if the price breaks 1.15161 with Take Profit Point at 1.15754. ii) SHORT if the price loses its bullish momentum at 1.14611 with take profit 1 at 1.11545 and take profit 2 at...

SIDCapital

Interesting week on The US Nonfarm Payrolls data on Friday, completely wrong-footed financial markets on Friday, posting a blockbuster rise of 2.5 million jobs versus an expected drop of 8.0 million jobs. However, we expect the rotation out of US dollars to continue uninterrupted this week, with no sign of a waning of momentum in the global recovery trade. Key...

SIDCapital

At a glance, EURUSD continues to have a bullish pattern , however, iv’ve spotted a pin bar Doji at Daily time frame which could be potentially a major reversal. If it were to reverse, I expect the price to drop as low as 1.10073. However, if resistance level 1.13638 has been broken, it could potentially go higher at least to 1.14882. Author: S.I.D. Aizu Link...

SIDCapital

Bullish overpowers bearish apparently yet again! Our analysis indicates that it is currently on pull back until it reaches pull back price 1 at 1.26272 or pull back price 2 at 1.25076. The price will eventually go higher as much as the resistance level of 1.27941. Author: S.I.D. Aizu Link to Our Social Media:

SIDCapital

Similar pattern can be seen from GBPJPY and GBPUSD, Bullish patterns prevails. I expect the price to retrace at 138.321 or 136.095 before rallies back up to the price of 141.199. Author: S.I.D. Aizu