EUR has shown us the potential to be bullish. This setup in EURCAD can be potential opportunity based on the historic bullish bias. CAD has shown significant weakness based on the correlation. do share your views.
At 8:30 AM EST today, the highly anticipated Non-Farm Payroll (NFP) report will be released, offering key insights into the U.S. labor market. This report will cover Average Hourly Earnings, Employment Change, and the Unemployment Rate, helping investors and policymakers assess the economy’s current state. Let’s break down the expectations and potential...
If i compare CAD in correlation to other pairs, I can smell weakness. We can observe EUR is strongest, GBP is strong while AUD is weakest. NZD has started gaining the fresh strength in per London session. give you view in the comment.
Hi, I I have indicated that YEN is taking control as being known as SAFE HEAVEN. Canadian Dollar is weak and this could be an opportunity.
The US Dollar Index has lost momentum. We previously saw optimism and bullishness around the time of the elections. However, after the new President took office, the signing of numerous executive orders and discussions on tariffs led to a decline in trust in the US dollar. We might see a reaction when prices reaches to to historic election pump.
Audnad is in consolidation, along with the momentum on sell side.
JPY has been significantly bullish, pushing other currencies to drop. Idea is to take a trade on the continuation to towards the further dump.
Dollar is strengthening after opening bearish. We can see selling liquidity trapped or being squeezed.
We can observe that GBPCHF is in the selling structural range. Prices has previously failed to make HH and now giving a continuation move to complete the range.
AUDUSD has developed a bullish weekly candle along with a bullish Wednesday candle. Now on Thursday, price couldn't continue that momentum and getting rejection from the daily open which aligns with the break of structure from the previous range. Analysis comprises of DXY correlation which encounters bullish pullback. I hope it will be help for the community.
Here we see prices were unable to form a lows. We can see bullish engulfing candle , and a proper break of structure that forms an order block which is now activated. Although it is an aggressive entry but can be a great opportunity if aligns with the momentum of pre London opening.
NZDCHF has been a choppy market in downtrend. We can see a upside channel developing which later on pushed the prices on downside. There was a first touch in the order block on 4h timeframe and then prices unable to break on upper side giving us failed HH. This could be a potential setup.
Keeping the sell side momentum valid, GJ is showing the rejection with in the local range of 30mins timeframe with the doji candle. Certainly can be high probability trade.
CHFJPY has been bearish and now continuing the structure. what you think? share your comments.
Continues breaks of Structures to towards sell side.
Consider price is in the downtrend- LL, LH formation creating IMPULSIVE MOVE. Mostly corrective move have 3 upside failed pushes and another BoS on downside and failing to retest creates "pinbar" and price extend further downside breaking 3 candle retracement. After that any pullback into an OB i.e. failed retest could be a potential opportunity. (1st) Failed to...
In GBPJPY, trend continuation formation after the reversal. Expect the breakout after buyers are getting stronger.
Sellers are getting induced in the corrective move of EURAUD, could provide the momentum to drag the prices down.