MM from broken triangle points to 2014 lows
In view of the UK Referendum this coming Thursday (23rd June), if the UK were to remain in the Euro zone, the focus will be on GBPAUD. We expect GBPAUD to head further north breaking the immediate resistance level with the short term momentum from GBP strength and the weakness on AUD.
In view of the UK Referendum this coming Thursday (23rd June), if the UK were to leave the Euro zone, the focus will be on GBPJPY. We expect GBPJPY to head further south breaking the Demand Zone with the weakness from GBP and strength on JPY (as part of the safe haven story).
AUDUSD is currently trading in a range bound environment, with a potential Gartley pattern setup. However, with major risk events coming in later during the US Session, we suggest traders to not put their pending orders, instead to monitor price action for further confirmation before entering the trade. Fundamentally, Aussie is still weak and overall...
EURAUD EP @ 1.5390 SL @ 1.5340 TP @ 1.5490 www.fxpresearch.com
A very deep Gartley presenting a high reward ratio.
EP - 1.1260 SL - 1.1190 TP - 1.1395 Last week was a roller coaster right with major tier 1 risk events from the US. Prior to NFP, we also have a total 7 active trades running. Thus the importance of risk + trade management kicks in. Having said this, we will not be focusing on this topic in this post, but rather we would like to share more about the how when such...
EP @ 77.20 SL @ 76.50 TP @ 78.50 | 79.35 For more analysis of the week, refer to this week blog post here: www.fxpresearch.com Forum discussion: www.forexfactory.com Kar Yong Chief Currency Strategist www.alphaplay.com.sg www.fxpresearch.com
EP @ 74.50 SL @ 74.00 TP @ 75.50 | 76.10 For more analysis of the week, refer to this week blog post here: www.fxpresearch.com Forum discussion: www.forexfactory.com Kar Yong Chief Currency Strategist www.alphaplay.com.sg www.fxpresearch.com
If bear flag equal leg, can see slightly below 2,000
In this video analysis , we look into three trade ideas: 1) GBPUSD 2) GBPJPY 3) EURUSD Today's focus will be on the UK Pound. We will be having tier 1 data (Average Earnings Index and Claimant Count Change) later today, and if you are trading the GBP, do ensure you are aware of how such news data can move the market. Here's the link to the Forex Factory...
EP @ 0.6785 SL @ 0.6730 TP @ 0.6850 | 0.6885 For more analysis of the week, refer to this week blog post here: www.fxpresearch.com Forum discussion: www.forexfactory.com Kar Yong Chief Currency Strategist www.alphaplay.com.sg www.fxpresearch.com
EP @ 1.4440 SL @ 1.1485 TP @ 1.4275 | 1.4170 For more analysis of the week, refer to this week blog post here: www.fxpresearch.com Forum discussion: www.forexfactory.com Kar Yong Chief Currency Strategist www.alphaplay.com.sg www.fxpresearch.com
EP @ 1.1375 SL @ 1.1440 TP @ 1.1235 | 1.1170 For more analysis of the week, refer to this week blog post here: www.fxpresearch.com Forum discussion: www.forexfactory.com Kar Yong Chief Currency Strategist www.alphaplay.com.sg www.fxpresearch.com
GBPNZD Bearish Bat EP @ 2.096 SL @ 2.102 TP @ 2.082 / 2.0735 GBPNZD Bearish Gartley EP @ 2.113 SL @ 2.1245 TP @ 2.091 / 2.0775 fxpresearch.com