About me🐮Hello Mr/Mrs 🐻
🗣My name is Erik I'm a forex analyst with a 2 years experience in this field.
🇦🇱I'm of Albanian origin and I live in Albania where Forex has not yet formed its form as a popular trading platform.
GBP/AUD Forecast: Sterling Could Rise on a Cross-Party Brexit Consensus
Tomorrow will see Australian and UK banks closed for the Good Friday bank holiday.
UK’s Brexit developments are likely to be few and far between, with many MPs temporarily inactive over the holiday period.
However cross-party between Labour and the Conservatives are set to go on, but hopes...
The British pound fell during the week against the Japanese yen, reaching down towards the ¥145 level that extends support to the market. That support runs all the way down to the ¥144 level, so at this point it’s difficult to imagine a scenario where I would be a seller, at least not until we break below the ¥144 level. In fact, when you look at the chart, you...
The British pound has found a bit of support on Friday, but quite frankly this is an area that the traders out there will be paying attention to. If we break down below the 1.2950 level, then the market could very well reach towards the 1.28 level underneath. That is essentially the 100% Fibonacci retracement level, so it would make sense that most traders will be...
FX traders were casting a wandering eye ahead toward a long holiday weekend Thursday morning but the US retail-sales report pulled their attention back to their monitors.
After a disappointing -0.2% m/m reading in February, US retail sales surged 1.6% in March, with core sales (ex-automobile purchases) also coming in strong at 1.2% m/m. The stellar reading on the...
History and Application
This parabolic curve pattern was first observed in the markets over 50 years ago and was misnamed a parabolic trend. Then, observing a parabolic curve pattern on the charts was a rarity. With increased market participation in forex, with the added propensity to have increased buying and selling pressure on a currency pair by an increased...
THIS TRENDLINE IS NOT BREAK FROM BUYER
WHERE TRENDLINE BREAK FROM BUYER IS 100% SAFE FOR GOING STRONG BULLISH
BUT FOR MOMENT IS IN CONTROL FROM SELLER AND WE WAIT SIGANL FOR RECOVERY
We do not know yet for sniper entry but we will see the news further as 1D has not yet confirmed a buyer's control
So far we are in an unstable result where buyers and sellers are struggling in a fairly cold zone for getting control.
But it's pretty good that sellers are in control of the situation after they have approached the trendline area in the 1 day chart and now should look in the next few days how the situation will be.
EURUSD H4 Update - Currently sat on our H4 channel resistance, ideally need to break through this to continue to the upside for a push through our supply zone. May consider taking profit for +27 if we struggle to break this level.
Aaand the losing streak is over! Thanks to a decent signal from EUR/USD, the HLHB is back to black this week. Phew!
Before we get to the numbers, read all about my HLHB Trend Catcher System if this is your first time hearing about it!
Basically, I’m catching trends whenever the 5 EMA crosses above or below the 10 EMA. A trade is only valid if RSI crosses above...
Right now, the burst of optimism is enough to bust EUR/USD above the falling channel that’s been containing the euro since the start of the year. What’s more, the resistance level was also supported by the SMAs and the top weekly ATR on the 4-hour time frame!
Are we seeing a legit upside breakout for EUR/USD? Or will today’s spike translate to a fakeout...
In case you missed it, the European Central Bank (ECB) recently underscored its dovish stance by sharing that downside risks have proven “somewhat longer lasting” than previously expected.
Draghi and his gang also said that it’s ready to “adjust all its instruments” in case of weaker growth and inflation prospects. Last but not the least, it doesn’t look like...
For the moment they are from this pair of currencies where the indicators and strands of the butterfly and the wave of elliot have reached the end of the control received by the sellers but it remains only to see how will close the last candle and look at the Asia exchange that will open for a little ore
As for this pair by itself, if we can break above the ¥112 level, we are very likely to go looking towards ¥114 above. By contrast, if we break down below the ¥110.50 level, we will test the ¥110 level, and then possibly the ¥109 level after that. That being said, the pair seems to have less resistance than support in the vicinity, so that should always be paid...