They always say nothing good seems to ever last forever. This is also apparently true in the currency world as well. The green back USDJPY pair has been held strong due to the strength of the DXY(USD) but due to inflation the fall of the DXY(USD) is inevitable, and unavoidable. Here my long term technical analysis illustrates that over the course of the next 16...
This pair has broken all the vital levels technically, furthermore fundamentally its easily on the course of hitting the next resistance that lies at 114.00 level after which it might likely further target 118.00 level! However even though USDJPY seems it might HIT 114.00 level by next week or the week ahead, technically we are confined in a very concrete wedge...
This is just purely technical analysis. Not an idea or signal. Trade at your own risk. Cheers :D
Does the eurusd look like its going to drop to you? Sure does to me, a lot of reason to be looking at a short. Again this is not a signal, im not personally trading it. This is just an idea for the people who love trading eurusd Cheers.
this is my short position for the audusd. here on the chart we see a head and shoulder pattern with a bearish pattern and to top it off we have both osc in overbought. what more could you want?! this is only an idea and not intended to be a signal. thanks
This is my short idea for the eurusd. These are intended as ideas only, not signals! Dont get confused! Trade at your own risk. Thanks
Short idea I have my main chart set up on my other platform, so i have all my reasoning to enter. Im just showing you where i believe its going. This is just a free post
After previously tracking the reversal (see attached: "Another key reversal in play in USDRUB") finally the break of 65 has come. From a technical standpoint this was important as it unlocked the 62.5 lows. Russia has been one of the out performers on the currency board so far this year and I continue to see scope for more gains, irrespective of the very near...
What are we trading here? Norway is outperforming in the G10, unemployment falling while inflation exceeding expectations. As a result, interest rates are moving in favour of NOK. The hawkish surprise earlier in the week from Norges Bank suggested that more hikes are necessary has been supportive of the currency. A key risk is Oil prices holding firm around...
=> Here we are isolating the Yen once more and expecting a worsening outlook of US assets to continue which will raise the prospect of asset repatriation out of the US. Whilst risk may be rebounding temporarily as the FED attempts a dovish shift, and US-China trade tensions are likely to continue de-escalating, USDJPY will still like remain on offer amid broader...
Good fundamentals trade following the confirmation from Macron that a no-deal Brexit will be the most likely outcome indicating hawkishness for GBP against the Greenback.
Here expecting EURUSD to break down from its four-month range to the downside over the coming hours. All of the Euro push up factors (growth expectations, improved politics etc) have all left the picture and now we are back to the same story before the rally towards 1.25. Europe, particularly on a risk adjusted basis has worsened. Poor growth and inflation are...
With the crucial 97.00 area rejected and acting as a concrete resistance, DXY is showing signs of exhaustion both technically and fundamentally! Looking at the fundamental picture, the FED has already signaled that its pausing its rate hike, moreover the trade war among the two largest economies in the world is just putting to much pressure on the greenback. FED...
Oil is the main driver behind the CAD pairs and with the OIL market slowly recovering aided by the sanctions on Venezuela's OIL exports by the US and the cooperation among the OPEC AND NON-OPEC Producers. Many see the OIL market recovering in the near term and to further strengthen the technical picture, there is an already completed head and shoulders pattern on...
Looking at the main chart it can be seen that the price is confined in a channel which is in a current uptrend! However a small pause is likely to occur before the long term price finds the right direction to trend again. Looking at the above 4hr charts, there is a rough head and shoulders pattern that is present and a break of the neckline which also happens to...
i see SO MUCH POTENTIAL in this pair especially with the weather changes in the US in effect with Oil and the surge in Gold Prices....Looking for short entries
Higher prices still possible. Unfortunately last Fridays fireworks may delay strong dollar rally a bit. Looks like Mr Market will look for more stops to the downside ( all details on the chart ). Bullish as long as demand zone holds
Possible supply towards 1,31/3200 and above towards 1,33 and 1,35/3600 and possible demand around 1,27. Break below 1,27 may expose 1,25. Brexit related news will drive the market again and we should see highier volatility. Will look to sell failure above 1,3150