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EUR/USD nestling support! Both looking susceptible to steeper depreciation vs their US rival, with the Euro only just recovering from a stop-chase through the 18 DMA (1.2060) in time to avoid more sell orders sitting at or beneath 1.2050. Nevertheless, EUR/USD also faces heavy and layered option expiry interest from the round number above to 1.2150, including 1.3 bn at 1.2100, 1 bn from 1.2115-35 and the same size between 1.2140-50. Overall further upside is anticipated over the coming weeks.
Long
by FTUKcom
12
GBP/JPY has reached our upside target of 154.00!Prior Chart: The Pound unwinds some of its all round appreciation, though keeps its head above water amidst robust UK consumption surveys and confirmation from PM Johnson that the 3rd phase of lifting lockdown restrictions will go ahead next Monday. Elsewhere, the GBP/JPY has reached our upside target of 154.00 with pinpoint accuracy. Another 200 pips bagged. Yen hovering lower against the backdrop of waning oil prices pre-OPEC MOMR and API weekly inventories.
Long
by FTUKcom
2
GBP/USD 1.4100 Complete! Before: Sterling is sharply outperforming in similar vain to this time last Monday when most in the UK where absent due to the early May Day Bank holiday, and several factors are aligning to propel the Pound beyond key or psychological levels against its major counterparts. Indeed, Cable has breached the 1.4000 mark that has been impervious since late February and now looks primed for a run at the next round number with the aid of ongoing Buck weakness in wake of last Friday’s US labour data disappointment, but also after Scottish election results over the weekend revealing a win for the SNP, but a single vote short of the absolute majority needed to call another independence referendum. Meanwhile, UK Health Minister Dories has alluded to the possibility that very good data regarding vaccinations and COVID-19 developments could prompt PM Johnson to bring forward the next stage of reopening from lockdown.
Long
by FTUKcom
6
JUICY PROFITS!!!!! :)The currency pair looks like it is currently in a uptrend and could carry on for a couple weeks. As well, with the falling UK covid cases and high vaccination rate the economy is constantly looking to improve, along with new policies from the bank of England last week, Pound is looking very strong at the start of the week. On the other side, Japan are getting a sharp rise in covid cases, which isnt good for the JPY, as well as a constantly worsening currency over the past few months anyway, a long term long position on this currency pair is looking likely and good for those JUICY PROFITS. The currency pair looks like it should continue along the uptrend for a few more weeks at least. Just my idea, but for sure do your own due DD to discover if you would like to be part of the movement
Long
by simonbland
2
RISE MY PIPS!This is an interesting one! the pair hit the resistance at 85.00 and then started its short wave but around the mid point of the trend coloum it seems to have retracted with a strong reversal pip on the 4H time line. The STOC shows the buyers starting to take over as a crossover has appeared as aswell as a strong buy signal on the 1 hour timeline. the moving averages have crossed over and are looking towards a long position. Im entering after i receive a strong indication of the reversal taking place. TP and SL could be set in a 3:1 ratio for those juicy pip profits. My TP is set at 85.00. READY FOR THE JUICY PROFITS HERE!!!!!!
Long
by simonbland
USDCAD OVERSOLD? LOOK FOR THE RETRACE.HELLO ALL, USDCAD has been on a year long downward trend. Right now it is at a point that it has made a possible daily LL and is basically oversold on the Daily RSI. If price action indicates a retrace, a long for this pair should be an easy trade. Use daily fib to determine your possible tp and or more longs. Also look out for that retrace to possibly go to the 50 ema as it has done in the past. I am not a financial advisor, I am simply giving my opinion on this pair based on technical analysis and information a read and listen too. You all have a great weekend and good luck to all!
Long
by ThreePillarsTrading3
Bearish bias remains for the Dollar this week...The Dollar index looks quite comfortable at the moment above the 91.000 handle after Friday’s rebound to register a late peak for the week, but is off best levels between 91.190-390 parameters as several components claw back some losses and other majors derive a degree of traction via supportive fundamental and technical impulses. However, trading conditions are relatively thin at the start of the new month due to market closures in various countries, such as Japan (Constitution Day), China (Labour Day) and the UK (early May Bank holiday) awaiting the final US Market manufacturing PMI, ISM and construction spending before speeches from Fed’s Williams and Chair Powell. Bearish bias remains for the Dollar this week.
TVC:DXYShort
by FTUKcom
4
EUR retains a firm tone, but edges slightly off intraday peak...Hello everyone, if you like the idea, do not forget to support with a like and follow. Prior Chart: Euro has breached key chart resistance in the form of a descending trendline, but hit another obstacle at 1.2150 before waning amidst a barrage of mostly firmer than expected Eurozone data/surveys that should keep EUR/USD afloat along with 1.1 bn option expiry interest either side of 1.2100 (1.2095-1.2105 specifically).
Long
by FTUKcom
5