About meI'm a tempo trader and don't post charts. I don't believe in making medium/long term macro market predictions, as we cannot predict the future.
I make short term trading decisions based on live price action that's micro based.
AUDUSD is increasingly bearish of late.
The fundamentals for AUD aren't great with its largest trading partner (China) sticking to its zero COVID policy. We are now likely to enter a global recession and this will affect the value of the commodities that Australia exports.
The other backdrop to this bearish AUD theme is the fact that the Bank of Australia...
GBPUSD is at a good sell zone for a drop to the next support area.
GBP fundamentals are still very bad and the UK is now in a recession.
The dollar currency index appears to have reversed to the upside after a deep dollar retrace - this should fuel further dollar strength and GBPUSD should fall as a result.
Gold as a potential inflation hedge has been losing it's ground of late especially considering the fact that central banks have been raising interest rates of late to help curb spiralling inflation.
These rate hikes is evidenced by the recent flow of capital into Fiat currencies which allows for savers to earn interest payments on their savings.
Gold has been...
USDCAD appears to have reversed at support - forming a potential double bottom.
CAD has been weakened by a lower than expected interest rate hike from the Bank of Canada. - and it appears as though the market has shifted and is now beginning to sell off the Canadian Dollar.
OPEC has recently announced deep cuts to their output quotas for oil. This has resulted in the Canadian Dollar gaining strength against many currencies as it is a major oil producing economy.
Strength of the Canadian Dollar is now evident on the USDCAD chart. I believe USDCAD will drop for a 50% retrace from it's previous impulse move.
AUDUSD has hit a strong weekly support zone after a sharp sell-off.
The USD appears to be showing signs of an incoming retracement after a strong upside move, and I believe that AUDUSD will retrace to the upside on this short term dollar weakness.
The long term trend is still down for AUDUSD, but this is a good buy opportunity for a retracement.
Great opportunity to go long on EURUSD .
EURUSD has dropped significantly recently and is overextended and looks like it will retrace.
GBPUSD is well on its way to retracing, and with EURUSD being heavily correlated with GBPUSD , it is also likely to retrace.
Stop loss below swing low, use good risk management and good luck.
GBP has retraced heavily against the Yen to a perfect buy opportunity for a long.
Yen has had a strong few weeks having hit a critical resistance level against the USD, and is now at a critical point against most pairs.
The fundamentals support a strong GBP, which is contrary to the dovish sentiment coming from the Japanese Central Bank - the Yen is a low...
GBPUSD is developing a bullish flag on the 1H and 4H timeframes.
With EURUSD going up to retest previous months high after touching monthly support last week, GBPUSD is highly likely to go up.
The fundamentals also support a GBP bullish bias with recent hawkish tones coming from the BoE.
Price target of 1.40 area is realistic for GBPUSD.
EURGBP has finally hit support from March 2021.
This is the first test of this support in 5 months.
GBP is looking bearish against most pairs and with EURGBP being choppy for many months I expect a retrace for EURGBP.
Use a tight SL and good risk management for 70 pips.
Great short opportunity for GBPJPY.
GJ is showing signs of exhaustion and has failed to break the previous high.
They YEN is increasingly bullish against most pairs and GBP currently looks overbought against most pairs.
My prediction is that GBPJPY will fall to a first TP at 151.5
GBPUSD has created a wonderful sell opportunity after rallying to multi-year highs.
A cross pair analyses of GBP shows that GBP is now showing bearish signs across many other currencies and is highly likely to reverse to the downside for a retrace.
Main target is the strong 1.40 level which happens to align with the 4 hour 200 EMA (Exponential Moving Average).
GBPUSD has continued with it's bullish up-trend with the current risk-on market sentiment.
I've identified A potential level for an overdue retracement at the 140.0 level - this is a strong psychological level, and it also aligns nicely with the current bullish trend line.
I've identified other factors including correlation which supports this short term...
GBPUSD has just been rejected from a historic weekly supply/demand zone and is now headed back down for a retracement.
GBPUSD is very bullish and long opportunities are strong and parabolic with every retracement.
Here we have two potential long areas for GBPUSD's continued bullish trend to the upside.
GBPUSD is very likely to continue its bullish uptrend to at...