After years of ultra-loose monetary setting that has been detrimental for the Yen, the Bank of Japan has started the normalization process, but does so slowly and remains accommodative. Its US counterpart meanwhile looks to pivot from its aggressive tightening, but persistent inflation creates apprehension. As a result, USD/JPY is having another banner year with...
#NFP We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly. We have a support area at the lower border of the channel at $0.400 from which the price rebounded We have a tendency to stabilize above moving average 100 We have a downtrend on the RSI indicator that is...
#NFP The price is moving in an upward channel on a 1-day frame and we have a support area in green at the level of 0.8100. We have a higher stability moving average of 100 We have a contact with the minimum channel Our RSI indicator has a well reliable uptrend Entry price is 0.8933 The first goal is 1.165 The second goal is 1.47 The third goal is 1.95
#NFP The price is moving in a descending channel on a 4-hour frame We are about to hack that channel We also have a higher stability moving average of 100 We have a major support that the price has rebounded from more than once: 0.5000 Entry price is 0.5877 The first target is 0.6262 The second target is 0.7000 The third goal is 0.7805
Hey tradomanics, EUR/USD us currently testing a strong support-zone and could move up from here on. As I expect a choppy week since the market has no idea what to do with the recent data and news from the ECB, we could see at least a correction here to the upside. Market-Depth and orderflow showing absorption and aggressive buying! What do you think?
Hez tradomaniacs, looks like we had a recent fakeout and so a potential to the upside ahead the NFPs. Notice that all trades are very risky due to the upcoming news.. so rather stay out if u dont like it. Market/Depth shows a sign of reversal! What do you think?
Hey tradomaniacs, technically we have tested a good spot to sell. This week is NFP week and we get the ISM-Index in a few minutes, so be cautious with fake-moves toiday / during the week. Orderflow has not shown any confirmation yet, just a strong increase in volume and an instant sell-off with the US-Opening. Still waiting for a trigger! What do you think?
Hey tradomaniacs, chart explains what I see but NFPs obviously could cause drastic moves and volatility! Be carfefully with this setup!
Hey tradomaniacs, chaotic market huh? To be honest... I think the current move of US-DOLLAR doesn`t make any sense. I keep it simple and short, otherwise I`d have to break the mold. The data are mixed but do overall show a slowdown in the economy but at the same time rising inflation. Non-Farm-Payrolls: 199.000 less jobs than expected and the worst...
Trade of the week ahead .! And Nfps inside Have a great profitable week ! :D
Hey tradomaniacs, welcome to a new free trading-setup. AUD/USD: Daytrade-Execution🔁 Market-Sell-Order: 0,71655 Stop-Loss: 0,72100 Target 1: 0,71320 Target 2: 0,71070 Target 3: 0,70845 Target for One-Target-Trader: 0,71070 Stop-Loss: 36 pips Risk: 0,5% - 1% Risk-Reward: 2,27 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and...
The bigger picture analysis looks to be playing out so far. Should we get a impulse move to the downside it should come in 5 waves therefore we should still another 50-61.8% pullback to retest the break out level. Over the highlighted zone the short scenario becomes invalide.
Hey tradomaniacs, welcome to a quick video for your NON-FARM-PAYROLL preparation. PRICE-LEVELS: Statistical edge: Short Short-Area at 1,10274 Long-Area at 1,10539 or 1,10879 NOTE THIS PLEASE: Fundamentally, these NFP`s can be very tricky for the market to interpret! The market is currently driven by news regarding to the tradewar, brexit and monetary...
The Dollar is extremely well bid against the Yen as we head into Non-Farm Pay Rolls and may even break higher before the number. We are anticipating an eventual move to 117 - 117.50 over the coming weeks, however, the path higher is far from clear. Initial resistance is 114.95/115, already tested earlier the session. The figure could well go today, but further...
The Loony seems well bid above ascending channel support and we are looking for a move back towards 1.36 over the coming weeks. Pair finished Friday higher, despite a stronger than expected Canadian jobs report and NFP miss. Support is a daily zone stretching from 1.3170 down to 1.3080, with ascending channel support confluence at 1.3147 and counting. A daily...
The resistance at 1.124 is the point at which the euro-dollar stopped and, in the hopes of an upward breakout, the target is the same. The zone between 1.124 and 1.128 gathered the maximums of many daily candles, but for more than a month it has not been able to stably exceed these points. Therefore, this is the first true signal of a possible upward trend An...
Gold on the daily log scale is in an interesting spot right now. Support at $1300-05 has been tested (note the trend line on the daily log chart). While there seems to be some sort of wedge that has taken shape since the start of the year on my chart, I'm not in a bearish mindset as of yet, unless if $1300 is breached following the NFPs Friday. So long as the...
Silver prices have retreated in August, but the rally so far in 2016 provided several technical buy signals earlier this year. These signals suggested at the time that the market's stance on silver, and precious metals in general, was shifting despite the continued backdrop of another possible Fed rate hike (still really low rates!). Today, silver has tested a...