ForeignCapital_fx

ForeignCapital_fx

I am interested in both the short and the long trade however the longer time horizon trends still support long position plays. The case for long positions is based technical analysis that the bull trend is still strong and has not yet been broken but we must bear in mind the recent shift in Feds monetary policy rates. What it means is that money has become cheap...

ForeignCapital_fx

Most times when you are new to trading you would want to chase price and this pair at the moment is gone but do not despair bears are about to give us an opportunity. The plan is to allow bears to push price down so that we could have a better entry at the lower price thus increasing our risk to reward ratio. Furthermore crypto across board seems to be recovering...

ForeignCapital_fx

I think we have found the bottom at the lower horizontal line( Red ). With price being above the moving average, that indicates we are ready to move upward toward 0.000009 however there is strong momentum yet. Summary: Entry = Current price or slightly lower than that. Target = 0.000009 Plan your trade, trade the plan. Follow and Boost my ideas.

ForeignCapital_fx

This a lovely short opportunity om 1 hour or lower time-frame. I foresee many traders trying to catch a falling knife most likely from the London opening session, however a dead-cat scenario is probable. The scenario might look like a V-shape recovery, the higher time-frame indicate a prolonged consolidation zone hence the caution. Summary: Entry :2302.45 Target...

ForeignCapital_fx

Gold has been building an ascending channel for the past weeks. The current price is a median of the channel however price is above the both dynamic moving averages, the confluence of the channel and moving averages along with the horizontal support indicate the upside target. Summary ; Entry :2338.13 or Current Price Target :2355.50 Plan your trade, trade the...

ForeignCapital_fx

The market has been in limbo for the past few days, going nowhere very fast. I am of the opinion that the market is awaiting NFP and outcome as it may inform the Feds stance on interest rates. Overall view is that the dollar is the more powerful influence on direction of the pair in the medium term. Technically the pair has been in a consolidation phase meaning...

ForeignCapital_fx

Fellow traders this is a technical trade for me. Price is below moving averages, however we in an consolidation zone on the 15min chart coming from a down-trend. It is expected to see a continuation towards 0.89000. Summary Entry = 0.89556 Target = 0.89000 Risk: Reward Ratio = 2.19 Follow and Boost my ideas Plan the trade, Trade the plan.

ForeignCapital_fx

Technical Trade Summary Entry = 79.406 Target 1= 82.283 Target 2 = 85.000 Risk : Reward= 2.33 Follow and Boost and my ideas!!! Let's grow together.

ForeignCapital_fx

We have been hitting new all time highs (ATH) in recent weeks. We are still in price discovery territory and so far the upside is looking great. The recent meme crazy has only started, Pepe has been leading the pack with enormous gains YTD. Technically price are holding up across 1Hr, 4Hr and daily chart frame. Moreover there's an inverted head and shoulder...

ForeignCapital_fx

A technical sell looking at indictors on a short time frame however I also think price will retest 1.27185 mark before heading down. On the back of this week the dollar has shown strength, thus cooling off the loses across all dollar pairs. In hindsight we are likely to see more short momentum. Summary Entry = 1.27185 Target 1 = 1.26496 Target 2 = 1.26000 RR...

ForeignCapital_fx

Prices have been in a consolidation mode for the past week ending 17/05/2024. It seems seasonality is finally kicking as we saw prices bouncing at support twice, creating a double bottom pattern. On 4Hr time frame we are about to create a golden cross and on 1Hr time price are above both moving averages. Given this conditions price may open lower or retest...

ForeignCapital_fx

With the recent core CPI data not changing and remaining at 3.4% investors are still concerned with inflation hence they are buying gold to safe guard their buying power. This situation is most concerning to central banks around the world and they are the biggest buyers. I am of the opinion that we are going back to price discovery territory. Technically the...

ForeignCapital_fx

Technical Trade Entry = 2345.03 or Current Market Price Target = 2360.49 Risk : Reward Ratio = 2 Boost and Follow!!! Plan the trade, Trade the plan.

ForeignCapital_fx

This is a technical trade from my view with the dollar influence strength commanding the direction of the pair. The pair is in an accumulation zone on the 15 minute timeframe but with an expected upside. Be cautious of the news release particularly for the dollar. Summary: Entry = 1.25400 or Current Market Price Target = 1.26406 Risk: Reward Ratio = 2.61 Boost...

ForeignCapital_fx

Remember the seasonality we spoke about the previous week, is it kicking in with WTI price up +1.05% on Monday 06/05/2024? Price hit the expected price on Friday giving a front running opportunity to long positions, do not despair a second entry position is in the cards if based on price action patterns. Check out my previous WTI Short idea to see how it relates...

ForeignCapital_fx

On Monday 29/04/2024 the Bank of Japan intervened against the Yen decline. At the writing of this idea price are calm since we are awaiting the NFP news release today. Technically price is below the dynamic resistance on the four chart, however the mean deviation is too great therefore price are likely to retest the dynamic resistance at 155.000 and start...

ForeignCapital_fx

Historically during the month of May, WTI performance net long. The recent COT report show that commercial traders are still net short but could change at any moment because balance between long and short positions. Once again with seasonality in hindsight as traders we should be wary of the that. Technically price is below both moving averages and is further...

ForeignCapital_fx

A technical sell position as price is below the exponential moving averages both on 4 and 1 hour time-frame. However we must keep ourselves abreast with the geo-political tensions in the Middle-East. With advance GDP release on 25/04/2024 may bring strength to the dollar. Summary Entry = Current Price (2317.90) Target = 2250.00 Plan the Trade, Trade the...