Hi guys and girls, I have a feeling that USDCAD might give us a push to the upside based off technical analysis. Now, knowing that market volatility is quite high at the moment we could see multiple scenarios play out but I favour the long bias for roughly 100pips, give or take. Based on the 4H chart we have broken above and closed on the 50 EMA. Going down one...
Hi everyone, Hope all is well. Today I'm looking at a possible short setup on Gold (XAUUSD). Its a very simple analysis as it's based off the Daily descending trend line and a 61.8% fibo level. Expecting this to show some kind of reversal from this area. Major monthly resistance is also just above this. Short side targets remain around 1300 to 1280.
Ladies and Gents, Welcome to a new week in the markets and I have been keeping my eye on EURNZD. We might have a nice swing trade opportunity come up within the next week or two. Currently hovering under some major resistance we could see a potential break up in the Euro as the NZD weakens during this week. This is where EURNZD should see a climb up to 1.68600...
As below, I believe NZDJPY is due to drop from this key level and liquidity area. Using a 25 pip stop just above previous highs and Take profit target around the 75.000 level being a psychological level.
Ladies and Gents, As we get closer to Non Farm Payrolls later today we can see a high correlation between all Japanese pairs. Being very top heavy and Dollar Index at its highs, we could potentially see a fall from this region on USDJPY. I personally have entered a position in this high liquidity area between 111.700 and 111.600. Downside targets I see around...
Based off the 4H timeframe, we have had a solid bearish close. Currently retesting on the smaller time frame, entries look attractive around this current region 83.600
Based off an intraday trade, Lower time frame entry and previous rejection. Short opportunity to recent lows. Based off 4H and 1H time frame. Smaller stops with good risk to reward.