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GBPCAD Short Term Signal: Fast Pips?GBPCAD reached a 30min resistance level. A 30min close below the resistance may trigger corrective weakness as highlighted on the chart. It is important to note that the brexit negotiations are ongoing to avoid Britain exiting the EU without a deal. The USD tremors in the market were triggered by President Trump's remarks on the Fed and his interest in a weak USD to boost exports. Do note that that this is a short-term signal. Only a 30min close above the resistance may invalidate the signal.
Short
by DDMARKETS
USDJPY Technical Crossroads: Will it Break Higher?President Trump threatened a government shutdown should Congress fail to pass the bill for wall at the Mexican boarder and change immigration laws to merit points. We have not seen a significant reaction to these comments that were made on Sunday but we are noting a weaker USD against a basket of currencies. USDJPY reached its 4hr resistance, which was tested following the recent 4hr close. Rather than attempting a short trade in the currency pair, a 4hr close above the resistance may pave the way for further gains towards 111.35. The technical analysis is a fairly classic breakout strategy which may take some time to materialize. The Bank of Japan (BOJ) monetary policy is scheduled to be held during the Asian session, which may trigger some volatility in JPY pairs and crosses in the Forex market. Many wonder whether the BOJ will begin layering its plans for exiting the current Quantitative Easing (QE) program as it was hinted on several occasions in the past. Do not that this is a strictly short-term strategy, which is not aimed to target hundreds of pips.
Long
by DDMARKETS
NZDUSD (Long)NZDUSD currency pair appears to be keeping to the plan. With 0.69708 resistance taken out sights are now placed to the upside for possible swing trade to 0.71923 first. Further close above there will open up further upside potential to 0.74478 cluster resistance zone. On the downside, a daily close below 0.69531 should invalidate any bullish view on this pair for now. Further daily close below 0.68034 support zone will open up further downside potential to 0.66871 first. Further daily close below 0.66871 will bring downside bias towards 0.65741. And even further daily close below 0.65741 will bring more downside bias towards 0.64252. www.trading-equity.com
Long
by magbrr