TraderXR

TraderXR

AUD whereby we should be expecting the unemployment rate figures and employment change figures. The forecasted employment change figures is -42.5k, a drop from 29.1k. Similarly unemployment is increasing. Therefore by common sense, we are expecting a drop in ccy value.

TraderXR

Am expecting a weakening of the dollar. Will keep a lookout for Powell speech

TraderXR

NZDUSD: Now if we look at the NZD/USD, we can see that it is reaching a strong support. With the forecasted increase in OCR, I am expecting a rebound. Therefore I will go long once there is a clear sign of reversal, in which I will be paying closer attention to the 1H timeframe. However, we have to take note of Powell's speech as well as it might cause the...

TraderXR

As mentioned everywhere recently, the emphasis on ESG, recycling etc.... There came the news today: the EU wants to present a law next month, to ensure that companies can only produce one kind of USB-C charging cable so it is more convenient for users to share and recycle. However, this has been objected by Apple who says that a common port will harm tech...

TraderXR

Hit a strong support, am expecting a rebound. What do you think?

TraderXR

Looking at USOIL because pending the crude oil inventories data, am expecting it to be lesser than forecasted therefore a rebound of the dollar (even though theoretically it affects CAD more). But shall see how it does. Based on the fib retracement, it is at the resistance so shall wait for the next 1H candlestick to determine if we should go long or short

TraderXR

Been long since I looked at Gold. Based on the current set up, it seemed to hit ceiling. Therefore will observe on the 30M and 1H timeframe to see if it rebounds off the ceiling and closes above before determining an uptrend to go long. Else go short if the candlestick doesn't hold above the 1H timeframe.

TraderXR

As seen on the daily timeframe, this ccy pair appears to be heading to an uptrend. As seen on the hourly timeframe, it bounced off the previous low i.e support region therefore am expecting it to be bullish. Similarly, given that the FOMC meeting minutes is expected to be more hawkish, I am expecting this ccy to be bull

TraderXR

Am expecting a retracement of this ccy pair for the time being. Also, given that the FOMC meeting minutes is expected to be more hawkish, I think the GBP will weaken as comparison to the dollar, hence am expecting a trend reversal

TraderXR

I am expecting this ccy pair to be bullish as well. Wait for the retracement to end and go long

TraderXR

Waiting for the retracement before going long since this ccy pair has shown to have broken out of the channel and therefore a reversal

TraderXR

Reached a strong resistance based on the daily chart, therefore am expecting a bearish pattern. However, will wait till it is a confirmed' trend reversal before going short.

TraderXR

Why do you guys think? Will only go short if it is a confirmed breakout

TraderXR

Honestly i don't think this bullish trend will continue for long. What I will do now is to wait for retest to go long. Even though the central bank policies remain unchanged, but likely to impact the ccy pair

TraderXR

Honestly, based on the news, should USD get stronger, in theory we should be expecting the ccy pair to decrease but based on the current technicals on the 1H timeframe, I am expecting a bullish condition.

TraderXR

Continuation from previous post, caught it at the right time and went long. Similarly strategy this time round, go long once price hits the support and aim for a 2.45 RR. Of course, you can place a lower stop loss, however crypto being more volatile, I'm gonna keep it on a tighter leash.

TraderXR

First time dabbling into crypto. Unfortunately, do not have much expertise in this area therefore am only relying solely on the technical front. (Do share some tips if any!!) Bought in at the support and am expecting a 1.6 RR

TraderXR

Possible move? What do you think?