forexwithfred

forexwithfred

Hello Traders!, Hope we've had a good start to the week! On to our mid-week analysis I've come across some AUD strength on 4H & D1 timeframe, so I've been searching for a set-up on the 1H timeframe and see confluence on the AUDJPY pair What Is The Market Telling Us? Market is showing bullish sentiment after 2nd rejection off 74.50 support level 50SMA shows...

forexwithfred

Hello Traders!, Upon the market opening yesterday, some pairs do seem to be consolidating against the USD currency, but not the AUD, its showing more strength that ever after break the 0.7000 psychological round level, the first time this year! (Was broken on 31st Dec 2019) What Is The Market Telling Us? Price has finally broken past 0.7000 level after 3...

forexwithfred

Hello Traders!, Markets are back open, Hoping we all had a great weekend of rest, relaxation and preparation for the week ahead of us, it seems that we'll still be riding the bulls this week against the USD, lets wait and see! What Is The Market Telling Us? Great bullish momentum in this market ever since 14th May, almost a whole month now! Price was...

forexwithfred Updated 

Hello Traders!, As most of us can see, the EUR has gained a lot of strength this week against other currencies, although, against the GBP it seems that is not exactly the case. Although, the bullish spike on EURGBP is inevitable. What Is The Market Telling Us? Price had a significant bearish impulse move towards the demand zone Bullish reaction upon...

forexwithfred Updated 

Hello Traders!, It seems that the USD may begin to gain back some strength, lets see how the currency plays out until the end of the week! What Is The Market Telling Us? Price has been consoldiating with a 40 pip range between 0.9608 and 0.9648 Market may be looking for BUY orders with having 2 bearish FAKEOUTS to trigger it Bulls have been battling the...

forexwithfred Updated 

Hello Traders!, Happy Monday, I hope everone's had an enjoyable weekend, despite the current ongoings with whats happening in USA and other countries What Is The Markets Telling Us? We see a massive drop off on US dollar strength, possibly due to widepread protest which will cost the country millions in repair Upon New York Session opening we can see a...

forexwithfred Updated 

Hello Traders!, Hope everyone had a successful week trading, here's my analysis on USD/JPY for the next week we have ahead of us What Is The Market Telling Us? Consolidation has been occuring for the past 2 trading weeks ranging from support & resistance Bearish fakeout has occured to STOP OUT retail traders from their sells to bring the market to a higher...

forexwithfred

Hello Traders!, What Is The Market Telling Us? Strong bullish momentum in the market after reaching 2-year low Price is over-extended as it is far away from 50EMA (Price always returns to MA) EUR strength could be at a hold after reaching supply zone made form early April When Should We Enter? Best time to enter would be once a clear bearish...

forexwithfred

What Is The Market Telling Us? We have seen price range between the resistance and support of the channel Market decived bears with a fakeout of channel on downside, triggering many BUY order for price to re-enter the channel Previous evel @0.61460 has been broken with over-extended bullish candle, bringing more momentum for price to reach resistance for...

forexwithfred

Price has respected the trendline for the third time, validating the trendline is in play with price action My bias overall for Gold is bullish although there is an opportunity to profit off this current corrective wave DXY Dollar Index is gaining strength, indicating Gold's weakness for this week 2 different Scenarios of how price may trade within the...

forexwithfred Updated 

This pair has been ranging in between the symmetrical triangle pattern since the begining of May Clear break & retest with bullish reaction to retest the gives me confidence in the CHF's strength against the JPY 10 + 50EMA has had a bullish crossover and are both sloping upwards showing potential bullish bias JXY Japanese Index has been indicating weakness...

forexwithfred

I've pinpointed where in the past price has respected this pennant chart pattern, indicating the breakout is indeed validated DXY Dollar index is continuing to show bearish sentiment after reaching 100.0 level, indicating a further drop off Previous demand zone has broken, confirming further bearish bias, although pullback may occur before an impulse is...

forexwithfred

Price has made a push past respected resistance @64.758 with strong momentum, indicating a reversal of bearish trend prior Bullish EMA cross occured, adding confluence to bullish bias Will wait for a corrective phase before looking to BUY this pair JXY, Japanese Yen index is showing long term weakness

forexwithfred

Market structure continues to make Lower Highs, validating a continuation of the downtrend I'm anticipating a bullish correction which will retest resistance before an impulse move to the downside occurs EMAs add confluence to my bias as they are both above price and aligns with the key level of 0.6443

forexwithfred

Price is still showing bearish bias as both 10 & 50 EMA are above price Support structure has been broken on the downside, possible retracement/pullback to occur before SELL OFF happens BXY is showing bearish sentiment on the other hand DXY is showing bullish sentiment, adding confluence to my bias

forexwithfred

Trade Suggestion Overall trend is bearish, giving more indication on high probability sell off opportunities JXY index (Japanese Yen) is showing bullish strength for the currency DXY index (US Dollar) is showing bearish weakness for currency Technical Analysis: Price has reached previously tested supply drop after bullish surge and breakout over...

forexwithfred

Trade Suggestion: Price to continue its downtrend after bounce off trendline resistance level D1 Timeframe shows price trading within descending triangle and has show bearish bias from touching its resistance DXY Dollar Index beginning to show some weakness after bullish surge Technical Analysis EMA Bearish cross of 10EMA & 50 EMA adds bearish...

forexwithfred

Trade Suggestion: Price could possibly continue its downtrend after breaking out of its bearish pennant. There could be short-term targets of 1675-1670 where local demand is set on the H4 Timeframe. DXY Us Dollar index is showing USD strength which also indicates another confluence to Gold's weakness. Technical Analysis: Price has broken out of of...