PipHike

PipHike Updated 

The recent positive headlines on the trade war has sparked outflows from safe haven assets. This provides a good opportunity to short the USDJPY after the rally in the daily chart.

PipHike Updated 

Brexit is still causing uncertainty, and this first test of the resistance trend line on the daily chart provides a good opportunity to sell the GBPUSD.

PipHike Updated 

In the daily chart, we can see that the CADCHF has been consolidating after breaking the support trend line earlier this month. It is now testing the support-turn-resistance trend line again after a 160-pip rally from 0.7266. This provides a good opportunity to sell on a pullback.

PipHike Updated 

EURUSD bounced off resistance level at 1.1066 twice with 2 bullish engulfing candles, creating a potential double bottom and a great opportunity to buy.

PipHike Updated 

Looking at the USDCHF daily chart, a bearish engulfing candle has formed around 0.98, a psychological resistance level.

PipHike Updated 

- Good risk-off opportunity as NZDUSD pullback after larger-than-expected rate cut by RBNZ - Kiwi to be pressured by trade war - In contrast to the RBNZ, the Fed was not as dovish as expected This week we saw the RBNZ delivering a 0.5% rate cut, 0.25% more than what the market had estimated, and said that rates might go into negative territory. The kiwi plunged...

PipHike Updated 

The confluence of these 3 factors signals an ideal short in an area of strong resistance: 1) Resistance 2) Trend line 3) Stochastic is in overbought level This trade provides a high risk-to-reward ratio of 1:4.1.

PipHike Updated 

Reasons for buying USDCAD: - Disappointing Canadian employment data last Friday - Price bounced off both the demand zone and support trend line - Crude Oil Futures price rejected resistance trend line Last Friday, Canadian employment posted a huge drop and unemployment increased by 0.2% to 5.7%, both missing estimates by a wide margin. Despite this, the CAD...

PipHike Updated 

2 simple reasons to short this breakout: 1) Comparing the monetary policy stance between both central banks, the ECB said last week that their rates will remain at current or lower levels, while BOE kept their rates on hold without any hint of cutting rates. 2) This is the second attempt to break the supply zone in a year, however, there is no Brexit announcement...

PipHike

- EURCAD bearish pin bar formed at supply zone and resistance trend line - Crude Oil Futures resting at demand zone The EUR surged over the past few days due to a weak USD while the CAD fell together with oil prices. However, signs of reversal have appeared in an area of value before the major catalyst tomorrow. In the daily chart, a bearish pin bar is formed...