Fxsignals
GBPJPYIt has been quite a while now with no clear indication of where the market is going next.
Brexit this, brexit that is all we hear these days but when will these sounds turn into music we can all dance to?
The pound is under significant pressure to finalize the brexit deal. If the deal goes sour, GJ will be a very good pair to watch and trade as the yen has been one of the strongest currencies against the pound and will hopefully move a lot more than the others in this scenario.
Weekly: bearish engulfing candle
H4: SMAs have been flat for some time but now the 25 has finally crossed the 100 SMA with candle closing below both
If our consolidation is broken bearishly, the market will have a lot of room to cover downwards. Sit and ride.
(bullish brexit deal, watch GBPCAD for buys)
WTI Crude Oil last weeks results of all signals!Below is a list with the results of all the signals that mz algorithm generated in the past week. My oil trade made +101 pips and the signal made a plus of 505 pips in total. I am pretty happy with the results so far.
Oil. 101+ pips
Gbpjpy. 32+ pips
Gbpchf. 50- pips
Eurchf. 25+ pips
Gbpusd. 20+ pips
Usdcad. 10+ pips
Eurusd. 80+ pips
Eurnzd. 50- pips
Gbpjpy. 30+ pips
Gbpjpy. 115+ pip
Usdcad. 82+ pips
Eurjpy. 50+ pips
Gold. 60+ pips
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EURUSD ECB Signal Strategy: The 30min ChallengeThe market was largely affected by Italy's proposed budget for 2019 although little activity was noted in EURUSD. Italy has decided not to alter its budget in its reply to the EU, however, in an event further selling in global indices take place Italy will be forced to modify the budget.
EURUSD reached its resistance in the 30min chart. A firm break above (preferrably a 30min close) may pave the way for stronger gains. Likewise, a bearish breakout below the support may suggest further weakness is in store.
This is a classic breakout strategy ahead of the ECB monetary policy press conference.