With 50pips against us since my last publication (see link below for reference purposes); It now appears that the Breakdown of 105.700 was nothing but a false one! As the pair recovers from the dual blow of Shinzo Abe's resignation and Federal Reserve's dovish policy shift; The US dollar rallied during the course of last week to slam into my Key level @ ¥106.50...
With over 100pips against us since my last publication (see link below for reference purposes); The increasing risk of a No-Deal Brexit is beginning to reflect in market structure as momentum remains to the downside which is also aligning with my last week expectations. Breakdown of my Key level @ 1.33000 on Friday with an Engulfing Bearish candle sets the Pound...
After running 100pips in our direction since my last publication (see link below for reference purposes); the journey of the Bulls which began in February 2020 appears to be stalling following the inability of price to go beyond 1.20000 as a reversal structure appears at this juncture in the market. Attempts to break the 1.2000 level during the course of last week...
Over 120pips fetched in my last publication (see link below for reference purposes) as another trading opportunity arises. The British Pound surrendered much of its Thursday gain on Friday to close the week below 141.000. despite this retraction, the possibility of a rally is still paramount as I have found two windows on the chart for buying opportunity. ...
As price moved over 150pips in our direction since my last publication (see link below for reference purposes); the Canadian dollar continues to benefit from the modest sort-rate spread between US and Canadian bonds. Friday's market watch posted a considerable gain for the CAD as it closed the day with an engulfing Bearish candle... this view at the market...
With over 100pips in our direction since my last publication (see link below for reference purposes); we continue to experience an appreciation in favor of the Yen as the Greenback resumes her decline late into the Asian session of Friday as traders absorb the implications of the Fed's policy shift; herby extending its slide to touch its lowest level since...
Following a whole lot of noise, the Euro rallied significantly during the course of the week, slicing into the 1.19000 Key level. It is a market that is grinding higher and appears not to be having stalling signs with the emerging set-up. With over 140pips profit in our direction since my last publication (see link below for reference purposes); As price respected...
The price moved over 110pips in our direction since my last publication (see link below for reference purposes) as the pair came under renewed bearish pressure last week dropping to an all-time low of 0.65000 since price hits high at 0.67200 at the end of July 2020. Breakdown and retest of my Key zone insinuate a further risk of decline in the coming weeks(s). ...
The price moved over 200pips in our direction since my last publication (see link below for reference purposes) even though the Greenback advanced to a fresh daily high of 1.3235 on Friday but lost its traction amidst "quick sells" ahead of the weekend. The USDCAD failing to settle above resistance level @ 1.32400 insinuates that Buyers lack the momentum to rally...
With over 120pips in our direction since my last publication (see link below for reference purposes); The Greenback made efforts to pull back against the Japanese yen for a majority of the week but got capped at 106.200 level as the Yen fights for value by pushing price back into my Key zone. The key zone has been supporting price since the beginning of the month...
Risks continue to shift in favour of an overdue correction lower on this pair as the need to take a very critical approach to find accurate trading opportunity in the following week(s) becomes very necessary. The appearance of a harmonic pattern at this juncture suggest that we might be experiencing a Bullish run to test 1.19000 with my sincere intention of...
With over 200pips move in our direction since my last publication on this pair (see link below for reference purposes); It is interesting to know that the Aussie began the week with an edge over the USD before it headed lower before RBA Governor Lowe mentioned the need for more fiscal stimulus. Engulfing candles springing from my Demand zone after the speech is an...
The USOIL is one commodity that attracted my interest in the last couple of months as I have executed some profitable positions within this period of time hence decided to do a publication after noticing that the commodity remains on track to close the second straight week in positive figures as the price keeps bouncing off my Demand zone. Tendency: ...
With over 500pips in our direction since my last publication on this pair (see link below for reference purposes); the GBP/JPY pair broke out of my Key level @ 139.500 on Thursday only for price to Breakdown this level to make an intraday dip to the 139.35 region on Friday which also coincides with Breakdown of trendline insinuating a temporary Downtrend in the...
We continue to enjoy profitable Bearish opportunity on this pair in the last 3 weeks as price moved over 350pips in our direction since my last publication (see link below for reference purposes). We might be looking forward to a last Bearish drive as the PBoC intends to promote the healthy development of offshore Yuan market. Tendency: Downtrend (...
With 30pips against our direction since my last publication (see link below for reference purposes) on this pair, the price has found its way to complete a 127.2 extension to incite a reversal structure. It is worthy to note that the Japanese and US statistics headed in opposite directions this week to make the USD/JPY the only major pair to witness the Greenback...
With over 500pips in our direction since my last publication (see link below for reference purposes) on this pair, we continue to trade back and forth in a range which appears to be forming a Reversal structure. Tendency: Downtrend ( Bearish ) Structure: Wedge | Supply & Demand | Reversal pattern Observation: i. The appearance of a rising...
Since my last publication on this pair (see link below for reference purposes); price has moved over 500pips in our direction followed by a correction move with the anticipation of a further decline scattered all over the place! As USDCNH risk a further decline in the following week, a retest of my Key level is red flag to watch out for in the following week(s)....