theforexcast

theforexcast

Introduction : Please read the full post before considering taking action. On these charts we are definitely looking at the big picture here. Once we zoom out to the weekly timeframe, we can see a clear pennant formation narrowing its price range. Since that's a continuation pattern and the previous move was a bearish one, we believe it to be more likely for...

theforexcast

Introduction : Please read the full post before considering taking action. This past month has been quite a ride for anyone involved in the forex markets. To an extent, it showcased the necessity of allying our technical analysis with a more proper assessment of the political landscape. While a stable market provides us with reasonably well-determined supply...

theforexcast

Introduction : Please read the full post before considering taking action. This past month has been quite a ride for anyone involved in the forex markets. To an extent, it showcased the necessity of allying our technical analysis with a more proper assessment of the political landscape. While a stable market provides us with reasonably well-determined supply...

theforexcast

Introduction : Please read the full post before considering taking action. This past month has been quite a ride for anyone involved in the forex markets. To an extent, it showcased the necessity of allying our technical analysis with a more proper assessment of the political landscape. While a stable market provides us with reasonably well-determined supply...

theforexcast

Introduction : Please read the full post before considering taking action. Trading gold has been pretty straightforward these days: we identify key zones of interest and, once it reaches one, we follow price action closely and act upon confirmation. Right now we are in the middle of a descending channel, even though price failed to create a lower low on the...

theforexcast

Introduction : These past couple of weeks have been quite a ride for anyone involved in the forex markets. To an extent, it showcased the necessity of allying our technical analysis with a more proper assessment of the political landscape. While a stable market provides us with reasonably well-determined supply and demand zones for each currency, facilitating...

theforexcast

Introduction : Please read the full post before considering taking action. This is a risky setup, so adjust positions accordingly. The reason why this trade is marked as long can be found throughout the text, although we are playing it both ways. These past couple of weeks have been quite a ride for anyone involved in the forex markets. To an extent, it...

theforexcast Updated 

Introduction : Please read the full post before considering taking action. These past couple of weeks have been quite a ride for anyone involved in the forex markets. To an extent, it showcased the necessity of allying our technical analysis with a more proper assessment of the political landscape. While a stable market provides us with reasonably...

theforexcast Updated 

Introduction : Please read the full post before considering taking action. GBP moves have been, over the past year or so, fueled more by Brexit news than any scheduled release of British economic reports. Still, reliable technical patterns are forming and trendlines are being respected. As we stated in our previous GBPUSD idea, a descending wedge formed and...

theforexcast Updated 

Introduction : Please read the full post before considering taking action. AUD moves, recently, have been mostly fueled by news, while it still respected technical formations and was confined in a range-bound status since the beginning of 2019. The ongoing US-China trade wars, however, shifted this scenario and a risk-off sentiment took place in the forex...

theforexcast

On the surge of last December's US economic uncertainties (US-China trade wars and US government shutdown), JPY played its role as the world's safehaven currency and rallied back to its mid 2018's levels. After about 3 months of sideways trading, Trump's impromptu tweet on the weekend caused an immense gap, as he announced increased tariffs on China. USDJPY is...

theforexcast Updated 

Introduction : Please read the full post before considering taking action. We have been witnessing increased volatility on both EUR and AUD all across the board, mainly because of the high deviation on the actual and consensus numbers when news are released, but it has still been following technical parameters. What appeared to be a breakout on EURAUD on...

theforexcast Updated 

Introduction : This is mainly an update on the idea posted on April 25th. Please read the entire post before considering taking action. AUD moves have been mostly fueled by news, while still respecting technical formations and being confined in a range-bound environment since the start of 2019. By this weekend, since Trump's impromptu tweet about the US-China...

theforexcast

Introduction : We are calling this right on the opening of the markets, so tread carefully and analyze properly. After last December's US economic uncertainties (US-China trade wars and US government shutdown), JPY played its role as the world's safehaven currency and rallied back to its mid 2017's levels. Since January this year we've been witnessing an...

theforexcast

Introduction : This is mostly an update on a trading idea we published a couple of weeks ago. As it's clear on the 4h chart, FX:NZDCAD has been comfortably ranging between 0.89000 to 0.93000 since mid November of 2018. Although it is a minor pair, meaning its moves are fundamentally based on each currency's performance across the whole forex markets...

theforexcast

Introduction : This is an update on a trade idea we posted 12 days ago. The market moved strongly against us in a continuation of the dollar rally. Even though we had set before a stop-loss on the 1.02 levels, we stretched this up until 1.02500 because price stalled heavily in that area. While not being a precise rejection with a full momentum-move downwards,...

theforexcast

Introduction : Please read the full post before considering taking action. GBP moves have been, over the past year or so, fueled more by Brexit news than any scheduled release of British economic reports. While GBP has been taking bearish pressure and USD has been overperforming for the past couple of weeks, we are taking a cautious approach here and will try...

theforexcast

Introduction : Please read the full post before considering taking action. NZD has been the worst performing currency of all the majors for over two weeks, and it is risky business to try and call a reversal when the scenario is this bearish. However, just as AUD was planning a breakout up in its bullish moves, it was discouraged by mildly worse-than-predicted...