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will this be more bullish? gbp and eur is down as well as oil and stocks, usd could therefore be safe haven the coming weeks (?)
its trading around a range of a 2017 low and a 2008 high, and is at support of the range right now
its looks like its bounced on the pivot (P) and could be headed to R1 with more volatility
the last few weeks we haven't had a real...
this week we have seen another week of indecision, and we could see same thing next week
what i think will affect and have affected usd/jpy the coming week:
bouncing of a 2017 low TL again?
bouncing of a daily pivot (P) again?
could be bouncing of a weekly pivot point (P) and be headed to S1
it could be at a resistance of a range...
we have seen this pair trading is this range (grey lines) earlier, and we can see it always get back to that range, and could therefore be headed to the bottom of the range again
if we look at fundamentals we don't see a lot of hope, except these stimulus packages we have seen, therefore it looks bearish to me
lets see how this turns out!
(don't trade my research,...
with gbp and eur on their way down will usd be the safe haven and more bullish, or will it be bearish with the jobless reports coming today?
tomorrow we will see euro reports about inflation (I think its tomorrow?) and maybe that could make eur more bearish and therefore usd even more bullish
lets see how it turns out! for me key is to be on the right side all the...
things that I think will affect usd/jpy:
technical: bounce from around a pitchfork level, bounced from around a 2018 trend line, could be bouncing from a weekly pivot point (P) and could therefore be headed to another pivot point (S1) around 4% away (down), that pivot point (S1) is at a 2018 low support line as well
fundamental: last week The Fed came out with...
things I think could affect and happen in eur/usd:
technical: could bounce from a 2020 trend line, could bounce from a pitchfork median, indecision and reversal daily candle, could bounce from a 0.5 fib. level. all those things makes it look bearish, but I have some reasons for it to be technically bullish: it has bounced from a 2003 september low which it has...
things i think could affect (and happen) in gbp/usd:
technical: pivot point bounce?, pitchfork median bounce?, bounced of a october 2019 low? reversal or indecision candle?
fundamental: Boris Johnson (PM) could get better/worse, virus cases could get better/worse, today (sunday) UK pledges 200M pound to stop second virus wave source:...
Gbp/usd has bounced from these range levels before, these range levels I have pointed out with grey lines are not very clean and perfect obviously but people and investors might see them and respond to them as before anyways
also saw on ¨dailyfx¨ that IG clients (IG is a broker) are now 52% short, which i haven't seen for at least a week, could be another sign...
at 14.30 (swedish time) we will see some important news reports about consumer price index and such from US, maybe this could be a start to a cheaper usd?
yesterday night we saw EU making a decision about helping the most suffered countries in Europe, which should be good news but it also exposed the ¨bad¨ relationship between some countries in Europe. With a more...
fundamentals does not seem very clear right now, and therefore not its value and price. But we could see pivot point (p) act like resistance and bounce to create lower lows. Lets see how it turns out, all depending on fundamentals if you ask me
(my research should not be considered as trust worthy, do your own)
bouncing from a 2017 low, daily pivot point and a fib. level.
seems like its gonna trade inside a range between a 2008 high and a 2017 low
early this week we saw reversal patterns (candles) and technically it looks like bullish moves should be able to continue next week
could as well simply just be a recovery from the big downside from late last week?
lets see how...