In today's session, I will be analyzing the USD/JPY, GBP/USD, CAD/JPY, and EUR/USD pairs. The framework I follow includes: Portfolio selection Currency ranking Multi-timeframe analysis. Below is the portfolio selection for this week: AUD/CAD: Bearish (-5%) AUD/JPY: Bearish (-59%) AUD/USD: Bullish (17%) CAD/JPY: Bearish (-54%) EUR/CAD: Bullish (16%) EUR/JPY:...
The price unfolds as previously forecasted. Currently we finished 5 subwaves in the upside that formed the corrective Wave A, as part of the Wave 4 from the bigger 5 Waves on the downside now. We will expect the corrective Wave 4 to continue to unfold, before we can say for sure that the Wave 5 impulse started on the downside! See the chart for a more clear...
GBPUSD respect the sell zone(supply zone) multiple times making the sellers dominant the obvious target is 1.26223 or 1.25991-1.25725 at the demand zone, a possible rise might occur.
Welcome to this week's Trade Planning Session! In this video, I examined the cumulative CSI (Currency Strength Index) of this past week and compared it to the previous weeks' cumulative CSI. Based on this evaluation, we have identified the GBPUSD, AUDUSD, and CADJPY as potential buy pairs, while the EURAUD, EURCAD, EURGBP, and EURUSD are potential sell pairs for...
TVC:DXY USD dollar index reverses to the upside, against the overall bearish bias for the week.
EURCAD Currency Market. Engulfing Candlestick formed on the Daily Time Frame.
The sanctions have not undermined the Russian currency as one would have expected. I wonder if the rule induced default will have any effect on May 25. The ruble has pushed back into 2014 territory...and looks capable of hitting 48 to the dollar. ouch.
27/03/22 THE FORECAST FOR WEEK 4 MARCH 2022 IS = DIVIDED ASSESSMENT DAYS PROBABILITY OF DAYS FOR WEEK 4 MARCH = BEAR Monday produced a doji and continued its rally from last week. Tuesday was the largest candle, mostly body some tail on the bottom, and almost none on the top. Wednesday - Friday the candles all Bull but gradually decreased in body size and tails...
Either it's 4Hr,Daily,or hourly chart all signals are alarming Heavy sell off on Pound technically. Fundamentally Tense situation between Russia and Ukraine also signals Dollar buy as safe haven, Inflation at 7.5% signals aggressive monetry adjustment. Main Support at 1.3507 break would set my target. 1.3200 in a week.
Being able to identify currency strength is an absolute game changer when it comes to forex trading. Using this chart alongside of Economic News, Market Structure and being at the right place, right time are extremely critical when making a decision to execute a trade. In this chart we have the most popularly traded currency index's so that you will always know...
I can see the human corruption within the gold and us dollar.
This is a Australian Dollar index I created. I use these to help gage currency strength when looking for a pair to trade. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
This is a USD index I created. I use these to help gage currency strength when looking for a pair to trade. I have more of a neutral bias for the dollar right now. Waiting to see how price action plays out. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
This is a Euro Dollar index I created. I use these to help gage currency strength when looking for a pair to trade. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
This is a British Pound index I created. I use these to help gage currency strength when looking for a pair to trade. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
This is a Canadian Dollar index I created. I use these to help gage currency strength when looking for a pair to trade. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
Here, we see DXY has broken out of the downward trend. The midrange is showing support. Currently at small resistance. I am long with targets at 93 and 94. But will it be a fakeout, similar to April 2021? I am not betting on it.
NB; These readings fluctuate from time to time. They apply to daily to weekly timeframes (Not so much on smaller timeframes). Make use of it to trade the best pair (by pairing the weaker currencies to the stronger currencies). For example, taking the current strongest currency - GBP and pairing it to the weakest currency - JPY; = GBPJPY LONG. Thank you. Trade smartly.