USD/JPY is going to continue the pattern?I noticed this "Triangle" pattern. If it doesn't break the bottom line -----> Long position up to 110.800 ?
Look at the RSI as well!
Currencytrading
EUR/NZD is currently at interesting point! Breaks or NOT?Looks like EUR/NZD is about to show us something interesting. If it breaks the line -----> Bearish trend down to 1.62000 level
If it won't break the line -----> then we will see a further upward movement possibly up to 1.74000. Fundamentals are in favour of EUR!
So let's keep an eye on this lovely currency pair!
DXY dollar strength should continueThe strengthening of the dollar should continue now that the possibility of a government shutdown is behind us. We should see the dollar reach the 89.40 area. If we can hold there price will continue to around 90.00. The key figure to watch with this rally will be Thursday's CPI inflation data. We should see an on par or better than expected figure but if not. Expect price to show it and for the DXY to turn south and break the 88.50 area and even possibly the 88.20 area for a new low.
Trade idea becomes invalid if price doesn't hold the 88.90 area on the small pullback coming.
As always do your own due diligence and homework when it comes to trading. Have a plan and stick to it.
Keep calm and forex
GBP/JPY commentary and forecast 17 Feb 2018We all know why there was a drop. That's because it was BREXIT. Although volatility and excitement are what drives major trades on this pair. I can see in the long run the GBP gaining strength as its economy develops faster in response to Brexit. I see the pair reaching the 163 mark beginning os July.
EUR strong againest USD 16 Feb 2018.If one were to take away the multiplicity of hurdles facing a weaker USD. Then one would realize that the real reason the USD is weaker against the EUR is that there are stock market factors. The DOW plunged recently wiping off $5 Trillion. If the Eur remains at the $1.24 level then it looks surely to reach the $1.26 mark.
Long Term Outlook Yen Feb 14 2018The Yen experienced upheaval in late 2017. Foreign industrial orders for cars and durable goods affect the volatility heavily during times of trade. Now is no different, When you have a stronger currency then it implies that stocks will be at more of a bargain. As stock prices gauge the power of a currency. The increasing separation between Topix prices correlation to the value of Yen. I see these upcoming meetings smoothing out the exchange rate long term. As there won't be any negative correlation between Japanese stocks and the value of the Yen. And instead will proceed to the usual industrial orders months later.
VERGE Downtrend: Whales will take profitsIn few days we will see big drops in Verge, if you like risky can buy at 680 sat, next level to buy is 490 satoschi.
Buying now is very riky because verge is very pumped, and a lot of people want to make profits.
You just look at the past.
short to 95, margin long from there up the big boys at the front door now
lets tap the keg and party
Bitcoin 10k retracement?Bitcoin just took off after 8314 consolidation zone! We have three overviews.
1- Monthly resistance (9784) will become new support, consolidate for a while and shoot up to our next target 11k, 11133 to be exact.
2- Retrace to 4hr fib 38.20% level (9244), 2nd leg and head for the target 11133.
3- Retrace back to Daily 38.20% fib (8435), which was also previous monthly R/S, and a major monthly trend line(Support) crosses through.
Bitcoin is heading for the starts but needs to retrace in order to keep it making higher highs! The question is how much will it retrace?
EURUSD POSSIBILTYI expect a pullback towards 1.1800-1.1700 before potential retesting 1.2000 & possibly higher
EURUSD - What is the Best StragegyThis 4H chart has a range box for this pair. There is a prior resistance level that may make a bullish breakout fail. If it does and re-enters the range box then my TP is the 50 sma.
Tell us what strategy works best for you when you trade the EURUSD in the comments below.
USDJPY Bullif it closes above this trend line, it may very well hit 20 to 30 pips. Entered at 113.70
OMG-BTCOMG-BTC
Buy: 0.00110000
Stop-Loss: 0.00096184
TARGET : 0.00133000
Recommended Trade Volume: up to 10% from your deposit size.
0.00033
Looking to short NZDJPY on ABCD patternNew Zealand new Prime Minister Labour Party Ardern is implementing new policies such as reducing immigrants can affect the economic growth. Also lack of details in RBNZ cause uncertainty about future monetary policy outlook. So I am bearish on NZD
From the chart, market is actually moving side way (200ema is flat). However, since the election, NZD has dropped significantly and price is below 200ema. There is a downward bounce (ABCD) formation. I am looking for pullback and short at previous low.
Reward to risk for this analysis is 5 : 1
USDCAD Testing D1 200emaOil price continues to rise as US inventories data fell and OPEC remain firmed to cut oil supply. Oil price is correlated to CAD movement so my sentiment is there could be a sign of reversal if market cannot break above 200ema on D1.
Looking to short if H4 retest at 200ema or form a LH and LL to short. FTP to at Fibo R 50.0%
If price break above 200ema this analysis will be invalid.
The reward to risk for this analysis is 5: 1
Looking to Long EURAUD at Fibo Retracement 61.8Euro dropped last week due to ECB extension of bond purchasing and Spain-Catalonia political uncertainties. Nevertheless, Aussie also dived significantly last week due to weak inflation data.
Based on technical analysis, EURAUD is testing the impulse leg fibo R 61.8. Currently the market is in range and is waiting for more signal to dive lower or reverse. If on H1 it breaks and closed above 1.5137 I will looking for long opportunity, and if it breaks and closed below the 61.8 level, this analysis will be invalid.
The reward to risk for this is 4:1
Symmetrical triangle, a continuation pattern..On the weekly, chart there's a symmetrical triangle, and it's in a downtrend.
It has 6 touches, 3 on either side.
If it goes to plan, the pair should fall lower and break out,
as this is a continuation pattern and not a reversal.
$USDCAD - US Dollar/Canadian Dollar - LongThesis:
The name is trending higher on multiple timeframes along with the USD overall
Confirmation:
1. Higher highs and higher lows on Day and Week charts
2. Above Trendline Support
3. Above 8 Day EMA
4. Above 21 Day EMA
Contradictions
1. Below resistence
Trade:
Long $USDCAD
