Z_FX_

Z_FX_

I am shorting CAD/JPY this week as we have a double top formed with rejection to the previous resistance zone JPY has came out with higher inflation data so the JPY has gained strength so I'm expecting the CAD to fall all im waiting for is a retracement to the 0.618 zone and then shorting from there

Z_FX_

This coming week I am expecting GBP/JPY to drop. Last week JPY had some positive inflation data that has increased the strength of JPY , we also had a false breakout with the 4H candle closing bearish.

Z_FX_ Updated 

Towards the end of last week have have seen NASDAQ take a small retracement before pushing further to the upside We can see on the 1H timeframe that the price has retraced to the Fibonacci 0.618 zone and bounced back , I'm expecting the price to continue to at least 13570 before it will short downwards or break through the previous high and carry on long. Price...

Z_FX_ Updated 

I expect that gold will drop further this coming week Gold finished last week trading at 1989.52 this is currently under the 50 day moving average after it fell from last weeks Monday high of 2049.48 . If gold breaks down further we will be looking for the next support around the 1950 level However if gold manages to break the 2011.87 resistance level then we...

Z_FX_ Updated 

I am expecting the EUR/USD to short this week The EUR/USD has rejected the resistance level 1.10749 multiple time now and has failed to break through I’m expecting it to drop to 1.09209 and retest the support now turned resistance before further continuing down towards the 1.08342 level

Z_FX_ Updated 

GBP/JPY SHORT GBP/JPY is currently in a overbought market with the RSI being 82.25 so some kind of retracement is imminent , having also broke out of the Bollinger bands i am certain that GBP/JPY will short here I'm shorting around the 171.700 level with my stop loss just above the low volume node and expect the price the retrace to the previous support level...