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Howtoanalyseforex

GbpJpy expert analysis from 07-03-22 - Weekly forex forecast The idea shared is an analysis of GbpJpy for a mid term swing. Fundamentally, we are expecting news releases from the United Kingdom next week that would make impact on the British pounds. For now, the retail sales of Japan which was released last Monday is a good driver for the Yen. Sentimentally, as the UK is still faced with inflation and political tension, investors tend to move their money to safe haven currency assets and countries. Technically, Gbpjpy as seen on the chart is approaching from a weekly supply zone to a demand zone. Haven broken and closed below our trick moving average, we expect price to make a slight correction testing either the 0.50 or 0.61 fib level of the break out candle highlighted. In the screenshot. In the video of this analysis, we explained how to trade a breakout candle after price imbalance. Our sentimental bias for the gbpjpy pair is bearish as we plan to hold a short position till price reaches the demand zone. Let,s go take some risk, let's go make some money. Millionaire Logistics
Short
by MillionaireLogistics
1
Weeky forex analysis - EurUsd expert analysisThe idea shared is an analysis of EurUsd for a mid term swing. Fundamentally, The Usd has shown strength owing to the recently released NFP reports. Next week will usher a series of News releases which hopefully will further boost investor confidence in the US economy. Sentimentally, As Europe experiences hard economic sanctions as a result of Russia's involvement in Ukraine, sanctions placed on one of the biggest economic contributors in Europe (Russia), Investors tend to move their investments to more stable economies or what we know as safe haven assets or currencies. For this pair, the Usd is favoured. Technically, the pair is trading below our trick moving average and in a downward trend, with the recent demand zone broken (refer to our previous analysis on Eurusd), a supply zone also created on the 1hr chat time frame. It is expected for price to fill in the supply zone and then continue downwards. On the Daily charts as seen too, a support structural level has been broken, price may have to retest that level and face resistance there for a drop in price. Our sentimental bias hence is to watch and plan for a sell trade on EurUsd. Let's go take some risk, let's go make some money, Millionaire Logistics.
Short
by MillionaireLogistics
2
Euraud Analysis from 21-02-2022This is an analysis of Euraud highlighting supply and demand zones, advanced price action, resistance and support levels and my very own trick statistics approach to the market. As shown in the screenshot, Price is approaching a weekly demand zone from a supply zone having broken a support level marked by the moving average which acts as a dynamic support and resistance level. We should expect price to make a pull back testing the previous support level now turn resistance and fall to the demand zone. Fundamentally, with unchanged interests rates from the EURO zone and lower than expected trade balance coupled with the lower retail sale report, i would be risking a short on Euro against the Aud. Sentimentally... Let us go take some risk, let us go make some money
Short
by MillionaireLogistics
2