WeiLung0110Yin

WeiLung0110Yin

EURNZD has come to the important resistance area with downtrend resistance line+ straight resistance line+ crossing-over between the MA100 and MA200. So it is believed that EURNZD will launch a bearish trend soon. As we knew the covid cases and omicron issue have been raised in euro countries which leads to lock-down, hence the overall financial status of euro...

WeiLung0110Yin

For this currency pair, the candle has come to the important support area which is around 0.64800. If the candle is able to withstand this area without break-through it, a bounce upward trend will launch soon to D point. A bullish trend for BUY. Buy; TP1: 0.65500 TP2: 0.66100 TP3: 0.66700 SL: 0.64000

WeiLung0110Yin

Waiting for ABCDE point being formed completely, once E point has formed we can seek for a bounce to F point... For now, we can set for a pending order (Buy Limit) Buy Limit @0.693-0.694 TP1: 0.70100 TP2: 0.70800 TP3: 0.71600 SL: 0.68400

WeiLung0110Yin

After a bullish trend in the channel, it is expected that a bearish trend will launch soon... As the candles are suppressed under MA100&200, plus upper resistance... Hence it is believed that another E to F point will be generated with approximately 700pips...

WeiLung0110Yin

The British pound was dragged down by the Bank of England's pessimistic interest rate decision in November and started a downtrend for about two weeks. Mainly lies in the central bank’s view of the economic prospects (especially the employment situation is temporarily not satisfied with expectations), and although inflation remains high, the Bank of England has no...

WeiLung0110Yin

EURUSD is under a bearish trend... Recently, the epidemic situation in many countries in the European region has arisen again, and many countries have lockdown their countries such as Belgium, the Netherlands, and then Germany; France, etc are also considering lockdown the city again, this might lead to further suppress the European economy. Therefore, if the...

WeiLung0110Yin

For the Dollar index, it is believed that having a bullish trend... This is because all the NFP, CPI, Unemployment, GDP and etc showed good results... 94.5 is a strong price support level, if the USD index backtests under this price level and does not break through; a bounce's bullish trend will continue... There are a few currency pairs we can observe... If USD...

WeiLung0110Yin

It is still under a big bullish trend (Uptrend channel)... But for now, CHFJPY is having a retracement wave... it is expecting that its price might be retraced to around 120.800 (around FIBO 61.8; strongest level; plus onto the MA100 & MA200 line)... Then after that will bounce back and continue its bullish trend... TP1 (take profit) price can be set at 122.480;...

WeiLung0110Yin

GBPJPY a big bullish trend is coming soon!!! As we can observe, GBPJPY has come to a very strong support level where the candles are standing above the MA100 & MA200, plus FIBO 61.8 (strongest level)... If it does not break through the price at around 152.200, we can start to plan for the bullish trend... *It is a personal sharing and analysis for references...

WeiLung0110Yin

For long-term analysis, GBPNZD is on a bearish trend (Downtrend)... But inside the big bearish channel, another channel has formed with ABCD point linking... So it is believed that another E point is forming soon (a retracement wave; on its way to E point)... After this small retracement wave, the bearish trend will continue... It is expected the price will drop...

WeiLung0110Yin

This is a downtrend channel ... ( Bearish trend ) Waiting to break the first support on around 0.67-0.69... Once break-through wait for retrace around the resistance area (previous support become resistance), back-test does not break, then we can be looking forwards onto the price 0.65300... The last TP price can be set at the price of around 0.64200... If...