Vitezabraham

Vitezabraham

This is a potential high probability setup on the MRLV. Nasdaq supports the uptrend in multi timeframe.

Vitezabraham

Last week, the New Zealand dollar saw significant strength, positioning it among the top-performing currencies. However, the NZD/USD currency pair has since experienced a decline. The currency pair is currently being traded in proximity to the .5950 level, following a rejection at the .6000 threshold. Is it possible for the NZD/USD currency pair to regain the...

Vitezabraham

An unmistakably hawkish FOMC event yesterday pushed the US dollar higher against its major counterparts, including the Canadian dollar. However, the Loonie has its supporters, especially as crude oil prices begin to rise again after a brief dip. We're keeping an eye on the 1.3450 - 1.3460 zone, which corresponds to this week's support zone as well as a key area...

Vitezabraham

As previously stated, the SNB's unexpected decision to keep interest rates unchanged dragged the Swiss franc lower across the board. In the case of GBP/CHF, this meant a trip to the 1.1160 area following a bounce from the 1.1070 levels. That's nearly 100 pips in just over an hour! Can the GBP/CHF pair maintain its gains? In the 15-minute time frame, the pair is...

Vitezabraham

With the PBOC sticking to expectations and maintaining its Loan Prime Rates (LPR), commodity-related currencies experienced little volatility during the Asian session. Instead, the majority of the action was focused on GBP after the UK released its August CPI figures. Both headline and core CPI came in lower than expected, supporting the Bank of England's (BOE)...

Vitezabraham

If you've been following GBP pairs after the U.K. CPI release, you'll know that the British pound fell like Apple stock after the iPhone 15 announcement. GBP/USD fell all the way to the S2 (1.2340) Pivot Point level against its major counterparts. However, GBP/USD has seen some buying since then, and the pair is now trading closer to the S1 (1.2370) inflection...

Vitezabraham

Both Canada and the United States are publishing housing-related data today, which may cause USD/CAD to be more volatile than other major currency pairs. The USD/CAD is trading near the 1.3490 level, which has served as support at least three times in the last week. What makes today's setup unique is that 1.3490 is also close to the S1 (1.3490) of today's Pivot...

Vitezabraham

Uncle Sam has another batch of high-quality reports scheduled for today, so I'm keeping a close eye on this currency pair. On its short-term chart, the AUD/USD has been cruising higher, with rising lows connected by an ascending trend line. If the US reports cause volatility, another pullback to this support zone is possible. The Fib retracement tool indicates...

Vitezabraham

With the release of August producer prices and consumer retail activity in the United States, you can bet I'm looking at USD pairs! I'm keeping an eye on the NZD/USD, which has been making higher highs and lower lows since finding support at.5890 levels this week. As you can see, the pair encountered resistance at.5945 earlier today and has since retreated to...

Vitezabraham Updated 

In a few hours, we’ll see the U.S. CPI report for the month of August. Word around is that we’ll see much higher headline numbers thanks to higher oil prices, but that core CPI may see some pullback from its 4.7% y/y July reading. If core consumer prices don’t decelerate fast enough for the markets, or if the headline CPI comes in WAYYY higher than expected,...

Vitezabraham Updated 

With not a lot of top-tier data releases scheduled during the U.S. session, traders may focus on the U.K.’s jobs numbers and extend GBP’s intraday downtrend. I’m looking at GBP/USD as it’s currently hitting the S1 (1.2470) of the 15-minute Pivot Points. Think Cable still has room to fall? GBP/USD may hit the 1.2460 previous support zone in the next couple of...

Vitezabraham

Hello Traders! BOE rate outlook continues to improves following uk CPI Heading into todays European trading session, the risk tone is mixed. Asia - Pacific indices are weaker, measures of volatility mixed and safe heavens pressured. Leading Asia-Pacific indices to the downside is the ASX 200 at -0,68% followed by the Topix at -0,61%, the Hang Seng at -0,49 and...

Vitezabraham

Hello Traders! A high conviction trade is in the table, anything around 80.200 region is very good. Place stops below the supply zone. Take profit at the highs. Fundamental Drivers New Zealand Dollar (NZD) Fundamental Bias: Bullish 1. The Monetary Policy outlook for the RBNZ At their Oct meeting, the RBNZ delivered on expectations to raise the OCR to...

Vitezabraham

Hello Traders! We approached a significant support zone also having a strong fundamental upside bias. Enter at trend line break or the breakout of the zone. Stops below the zone. Take profit at the highs. Fundamental Drivers Great British Pound (GBP) Fundamental Bias: Weak Bullish 1. The Monetary Policy outlook for the BOE The BoE took a hit to their...

Vitezabraham

Hello Traders! A technically and fundamentally appealing trade is developed in the Australian Dollar Against the Japanese Yen pair. Enter at lower timeframe trend line break. Stops below the last supply zone. Take profit at the swing highs. Fundamental Drivers: Australian Dollar (AUD) Fundamental Bias: Neutral 1. The country’s economic and health...

Vitezabraham

Hello Traders! We have a nice technical setup to the upside as we approached and bounced back from a higher timeframe trend line and broken a lower timeframe one. Fundamentally I expect a risk on environment for next week with some dollar weakness and us10y lower witch could support the idea. Manage risk below the 60000 psychological level. Have a great...

Vitezabraham

Hello Traders! A follow up to my recent trade idea on cardano upside. If we break this short term trend line to the upside we can see more buyers come in. Manage risk as labelled below the support area. Have a great day! Regards, Vitez

Vitezabraham

Hello Traders! We have a fundamental approach for cardano longs as a working proof of stake. We approached a daily trend line and a significant support level. Wait for a 1-2-3 confirmation or a trednline break on the lower timeframes. I recommend take this on Monday as there's thin liquidity on weekends because banks are closed. Have a great weekend! Regards, Vitez