NZD JPY broke out today in Thursday Asian currency trading. But like anything in life......you need to take a breather....before setting up and running again. We feel it has pulled back to a Fib level to attract more buying & with a tiny bit of luck but probably none required.... it will be on the move again.
In this video, i went over the main reason i entered a short on EURJPY and my technical process and target. I also go over what i will be looking out for on the pair and also on GBPUSD
AUDJPY failed to break above a resistence, rejecting with a strong push to the downside and a break of structure. Anticipating for the downward movement to continue
Potential Trade Setup on GBPJPY The GBPJPY price broke out of a strong resistance zone and turned support. The price is developing, and I am waiting for a break above the resistance to go LONG. You may find more details in the chart! Thank you and Trade Responsibly! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
RETESTED ON GBP SGD VERY BULLISH HEAD AND SHOULDERS BUY-SIDE IN PROGRESS.
Technical Analysis and Outlook: The Eurodollar demonstrated consistent upward momentum during this week's trading session, reaching our Mean Resistance level of 1.094 and retesting the completed Inner Currency Rally at 1.094. The substantial breakthrough of these targets resulted in establishing a new Mean Resistance at 1.099 and a complete Inner Currency Rally...
Pair : BTCUSD ( Bitcoin / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure Head and Shoulder as Correction in Short Time Frame RSI - Divergence Bearish Channel as an Corrective Pattern in Long Time Frame
Patience is psychology. Zones are set, but price action determines trades. +200 pinched pips(pp) and rising
Should we get a rejction at that resistance area, specifically indicision candlesticks and an engulfing candlestick to show momentum to the downside will indicate a strong confirmation for a sell
Everything you need to know is explained on the video on this eurusd trade idea
Technical Analysis and Outlook: During this week's trading session, the Eurodollar has surpassed the Mean Resistance level of 1.074 and is currently positioned below the Mean Resistance level of 1.085. The present analysis indicates a potential down movement for the Euro to the Mean Resistance level of 1.078 and subsequently decrease to the Mean Support level of...
The euro gained on Monday after France's snap election put the far-right in the lead, albeit with a smaller margin than expected. Marine Le Pen's National Rally performed worse than anticipated, easing fears of expansionary fiscal policies. The euro rose 0.4% to $1.0756, while the yen struggled near a 38-year low. The dollar index fell as U.S. inflation data...
Technical Analysis and Outlook: In this week's trading session, the Eurodollar gyrated back and forth between our Mean Res 1.074 and Mean Sup 1.067. Currently, it is performing a dead cat rebound back to the completed Mean Res 1.074 target; However, the possibility of a sudden downturn to the first designated extension, termed as the completed Inner Currency Dip...
Technical Analysis and Outlook: In this week's trading, the Eurodollar bounced off our Mean Res 1.089 and 1.086, respectively, to our Mean Sup 1.081, with a swift and aggressive rebound back to Mean Res 1.086. On the downside, the currency is prone to hitting the Mean Support level of 1.080 once again and targeting a well-established price level of 1.075.
Technical Analysis and Outlook: The Eurodollar bounced off last week's established Mean Resistance level of 1.089 and reached our specified lower target of the Mean Support level of 1.082. The likelihood of revisiting the Mean Resistance level of 1.089 and reaching the Inner Currency Rally level of 1.091 is slim. On the downside, the currency is prone to hit the...
The USD/JPY has been a tricky customer in the past few weeks. We have attempted a few shorts which did not work out, the price persisted to the upside eventually breaking key structures that hold the downside. The Bullish breaks confirm the Longer-term trend (Bullish) has resumed, however, the current rally is losing steam and we can capture a strong reversal to...
**Sorry about the sound** Today, I'm looking at the Major Indices to determine the current state of play of the currency market and what we should expect for the remainder of the trading week. The current 4HR wave structure analysis of the Indices is as follows: DXY: +ve EXY: Neutral AXY: Neutral SXY: +ve JXY: +ve BXY: -ve CXY: -ve ZXY: -ve BUY PAIRS: No High...
Hello traders.. For EurUsd we observed a very nice swing to the upside over the previous day of trading as decent Eur data beat Usd data for services and manufacturing PMI. We saw initial upside with the Eur data shortly after London open and this was followed by a pullback. Only until more data was released during NY session , we were to see another bounce to the...