This coming week , there are plenty of setups that look promising. The Highlight of my weekend analysis is NZDUSD. This pair has broken a very significant 4H & Daily level of resistance just below the 0.64000 level. This strong rally to the upside was influenced by the aggressive fall of the FX:USDOLLAR USDollar Index.
For the earlier part of this week, we are...
The past week has had plenty of developments for many financial instruments across all markets. COINBASE:BTCUSD has slid to the downside, Major US Indices have also see a decline. JPY 225, the major stock index in Japan has reacted quite aggressively to the movement of the US Dollar.
The JPY 225 index is one of the indices we have identified to be strongly...
As a follow up from my previous post on FX:CADJPY , the market has rejected from our area of interest making for a successful long position. But on a more important note, the key observation about this pair is that despite a growing pessimism from traders, it still continues to soar higher. The pessimism regarding this pair comes from the notion that it is...
The trend on FX:CADJPY seems to only be getting stronger on the 1H timeframe as we observe plenty of impulse moves to the upside. Although it could be argued that the market is overbought because of extreme RSI figures, buys are still a priority until a break of market structure to the downside is observed.
With that in mind, our main criteria for a potential...
