YourLazyTrader

YourLazyTrader Updated 

Similar to other risk assets like NZD and CAD, the Australian Dollar too took a beating this week. The reason being a massive sell-off in the stock markets and investors fleeing to safe havens. However, I was quite surprised by the way AUDUSD closed yesterday. Price dropped to decade lows of 0.6430 and within minutes, it started coming back up and recovered more...

YourLazyTrader Updated 

I expected EURUSD to pull back a little this week before rallying further. However, there was no pullback and the rally got even stronger. In the process, EURUSD reached my Final Buy targets(1.1150) from February(idea links attached below). As you can see in the chart, EURUSD is now at the top of the Price Channel from where it could potentially reverse. So,...

YourLazyTrader Updated 

After last Friday's Bullish engulfing candle, we can assume that EURUSD has possibly reversed from it's downtrend. So, traders can look for Buys if EURUSD Dips. Ideal entries would be between 1.0820-1.0850 with SL below 1.0750. TPs can be set at 1.0950 with final target being at 1.1150

YourLazyTrader Updated 

Before starting the analysis, I would like to say that February has been a very profitable month and more than 2000 pips were made ( Check idea links below to see the trades) on various set-ups. So, don't forget to follow me and like my ideas if they help you Gold has pulled back strongly from its multi-year highs. If we look at the chart, the last 4H candle...

YourLazyTrader Updated 

In my previous analysis on USDJPY, I recommended you to sell between 112-112.30 area. If you followed that, you have already bagged a massive profit of 400+pips(see idea link attached below) Through this idea, I would like to tell you that there could be a minor/decent pullback in the coming days provided we see some form of bounce back in the stock...

YourLazyTrader

A series of risk-off events and equity sell-off has lead to a crash in Oil Prices. However, price is gradually approaching a support area from where we could see a decent bounce to the upside. The area between 40-45 is where ta bounce can happen. So, traders can look for long entries provided they see the stock market bouncing back.

YourLazyTrader

We have been buying EURUSD for the last two weeks from 1.0780 and the results have been great(check idea link attached below) However, last Friday, it appears the 100D EMA at 1.1035 region has offered some resistance to EURUSD's recent rally. So, this week, I will be watching whether this area that I have highlighted in my chart offers some resistance or not....

YourLazyTrader Updated 

NZDJPY has been showing a lot of strength of late. After breaking through the all-important support of 72 during last July and plummeting to 66, NZDJPY has recovered all its losses. For the last 3 months, NZDJPY has been rallying consistently. This has happened due to better risk appetite in the markets. Looking at the sentiment, I can assume that a lot of retail...

YourLazyTrader Updated 

USDJPY is climbing higher with each passing day. Everytime it seems like the rally is overdone and the market has peaked, USDJPY just keeps creating newer highs. At this point, I assume that a lot of retail Fx Traders are selling this pair or they are already holding sells. So, I would like to write a word or two about the possible moves that you can see in USDJPY...

YourLazyTrader

Before the start of this week, I mentioned in my GBPJPY idea that 144.50 is a selling area with targets at 141.30. (read attached idea below to see it) As you can see, GBJPY not only dropped to my target at 141.30 but also broke out of the bearish flag and went as low as 137.50. This is a huge 700 pips drop fueled by weak demand for GBP and very strong demand...

YourLazyTrader

EURAUD has rallied to the channel top driven by the dramatic sell-off in risk assets like AUD. Now, is it possible that we can get a sell entry here? As you can see in the chart, on all the previous occasions, the price dropped after hitting the channel top. So, yes, there is a possibility of a drop. But, for that to happen we need to see improvement in risk...

YourLazyTrader

Dear Traders, it's been a very good week for the EURUSD buyers. For the last two weeks, I have been suggesting you to keep buying the dips in EURUSD. This week finally I have managed to close all my trades in EURUSD with good profits.( My plan was to keep buying the dips between 1.0780-1.0880, analysis attached below) Now that the buys have been closed, how to...

YourLazyTrader

If you have been following my ideas, you already know that I have been writing about how Pound will get weaker in the days to come. Before the start of the trading week, I mentioned in my GBPUSD idea about a WEAK uptrend and subsequent fall. (All ideas attached below) That is exactly what happened this week. Price did a weak rally towards 1.3020 and dropped...

YourLazyTrader

In my previous EURCAD idea, I mentioned about buying near 1.43 with final TP at 1.47. We already got 400 pip profit from our Buy trade(check idea attached below). In this idea, I will present a potential sell set-up that can give us a decent profit if it works. First of all, the rally in EURCAD has been massive. I expected a bullish run towards 1.47 as I...

YourLazyTrader Updated 

GBJPY staged a moderately strong rally last week primarily due to JPY weakness. However, the long-legged Doji candle at the resistance indicates that the buyers might have finally run out of steam. At this point, sellers could step into the market. So, traders can look for sell between 144.60 to 144.80 with SL above the resistance area. TPs can be set at 143.50,...

YourLazyTrader Updated 

As indicated in the chart, CHFJPY has reached resistance. So, if Japanese Yen starts gaining strength, CHFJPY could drop to the levels as indicated in the chart.

YourLazyTrader

Dramatic sell-off in Wall Street has led to a sharp decline in the value of risk assets such as AUD, NZD and CAD. However, we can uncover potential opportunities amidst this panic environment. EURNZD is already up by over 800 pips in the last 10 days and it is expected to continue its uptrend a little more. However, soon it will face stiff resistance as I have...

YourLazyTrader Updated 

EURUSD finally appears to have reversed. The big Bullish candle has engulfed the previous days' bearish candlestick which indicated that EURUSD might have bottomed out. In the lower time frame too, it has broken the 100H EMA with a strong bullish impulse(check the idea that I have attached below to see how I was tracking EURUSD's reversal with the hourly chart)....