YGForex

YGForex

If we take a look at ETHUSD price level, we can see that 203.20 has a strong support level there. Many movements have been rejected or fakeout at that support level but we recently see a strong breakout in that price level. This bearish movement was a large volume, breaking that strong support level as well as the trend support level (Green Line). I will say that...

YGForex

With this NFP news, I will keep a bearish bias on USD. What we see is better than forecast value. However, we have to keep into concern that unemployment rate is at the lowest since 1940. Having said that, we should see a bearish movement for USD pair. For EURUSD, we did see a nice reversal bullish movement so I will see it heading towards the trend resistance and...

YGForex

Currently, CADJPY can be seen near the 2 resistance level and what we should be hoping to see is a good short opportunity for this pair till a strong support level @74.35. If we are to look at crude oil price, it shows a very good BEARISH potential and with the strengthening of JPY currency making this trade a strong BEARISH looking trade. I will update again once...

YGForex

Lets embrace ourselves today for several important USD news. As of unemployment rate, I am looking at a rise in unemployment rate. Having said that, we could possibly see one of the worst result in unemployment rate today. So what I am seeing is USDCHF falling with its price level currently at a resistance level as well. A clean rejection on this resistance have...

YGForex

Refer to my previous analysis. Link below. Just an update usdjpy to me will still fall till support level. NFP tomorrow so do keep a look out in all USD trade. There will be small risk involve but a good reward. As you can USDJPY still showing bearish signs with it obeying its trend resistance. For those who plan to enter this enter small trade first.

YGForex

Refer to my previous analysis. I am proud to say EURAUD has went according to plan from my previous EURAUD analysis. With such movement now, I will has a potential in moving back to its old trend. Currently, what we are seeing could be a retest to its resistance line before we see a fall in price. Information uploaded here is of educational purposes and not...

YGForex

Interesting move by XAUUSD today!!! What are we seeing for now? As you can see the trend support line is strong and I do not see any reason for XAUUSD to fall lower before NFP this friday. Before that, I will expect XAUUSD to obey its trend for now. Staying near the trend support level and 1680 support level. What should we do? Observe price level for gold...

YGForex

Interesting movement by GBPCAD so far. We could see a potential head and shoulder pattern forming with price level at a upper band which gives us a good potential to short this pair. If we could see this price breaking its trend support level we could see it moving down to the support level @1.6720 with a possible retest to that support level before a fall....

YGForex

USDCAD as you can see now moving towards the downside. However, we do have to take note that USDCAD is forming a potential falling wedge. For now, I see it going towards the 1.3870 price level which will be an important level for us to watch. If we still see continuous bearish movement USDCAD could make a move towards 1.3300 price level. Or else, we should see...

YGForex

If we observe CADCHF, 0.7220 price level was once a strong support level with a strong resistance at 0.7692 price level. We could see many price movement within this 2 price level with the support and resistance holding this price level very strongly. However, we could see that 0.7220 price level was eventually broken turning the price level to a strong resistance...

YGForex

As of now, we can see BTCUSD regaining back after a fall to the 4000 price level. What I would expect to see from BTCUSD in the future would be near the 10000 price level. As of now, we can BTCUSD being slightly overbought at around 70 RSI and I believe we will see a short downtrend towards 8500 price level where it will be a potential buy zone (green area) for us...

YGForex

What is a candlestick? A candlestick is a type of price chart used that displays the high, low, open, and closing prices of a security for a specific period. We usually denote bullish (upward price movement) with a green candle and bearish (downward price movement) with a red candle. Candlestick Formation Body : Formed by the opening and closing price of a...

YGForex

Imagine a baby rabbit jumping!!! Starting off very well but loses strength and focus after awhile accidentally jumping into a deep hole. Definitely, it will be hard for the baby rabbit to jump out of this deep hole. That is what we are exactly seeing on USDJPY. Jumping forming lower head, losing its energy and heading for the deep hole. If you can see USDJPY...

YGForex

Before I start my analysis, I would like all of you to refer to my previous analysis and read through it. Link is below. Our last analysis, we went short and our analysis when exactly where we wanted. It rejected from the resistance level @1.6580 and I did say we will be looking to see it back at its old trend. Interestingly, we did not see a test at the old trend...

YGForex

EURJPY is on a constant downtrend so before we see this pair lets keep a bearish bias for now. So what are we seeing for EURAUD now??? If we see a nice rejection for EURAUD from the resistance level @117.05 price level, we could see this pair heading to 114+ price level for sure. Interestingly, we can see EURAUD also at the middle band which will be nice to see a...

YGForex

If we look back at USDCHF we can see that USD have tested 0.9730 price level several time. Very clear this level is strong as it shows a obvious direction where USDCHF will head. We can see some movement have been rejected by this level several time. Interestingly, we say a nice consolidation at this support level which I believe will bounce off that level heading...

YGForex

NZDUSD have broken a trend resistance level (dotted line) recently. However, what we are seeing now NZDUSD is unable to break through another resistance level and starting to form bearish signals. Using fibonacci retracement, I will see this pair going to 61.8 fibonacci level. If a clean breakout of this level will also show the dotted line (old resistance line)...

YGForex

We can see an obvious break out for trend support level which gold manage to retest that level. Now what?? I will be looking at shorting opportunity for gold till another support level @1680+ price level. Stay tune for FOMC news which may affect gold movement and volatility of the market.