Backdrop
Rapidly escalating trade war tensions between US and China and concerns on a potential second wave of covid-19 continue to linger. President Putin faces many challenges domestically, and his policies could ultimately impact the direction on the ruble.
Trouble at home
Russia is struggling to contain covid-19 at home and is on track to remain top 3 in...
Recent developments
A dovish RBNZ policy announcement has been conducive to the pair's push to a six-month high. Further monetary policy of asset purchases over negative rates was largely expected.
Technical analysis
The pair has given back a bit since rallying at its fastest pace since 2014 (around 7% increase in just over a month). If it can break past...
Debt markets signalling weaker EUR
A large volume of EUR-denominated bonds (near 2 trn yen of French bonds) were sold in March by Japan in the time when EUR/JPY peaked. While it may be hedged, it sends a weak signal on euro zone growth and sentiment particularly on the backdrop of lock-downs. On the contrary, the Japanese have been loading up on over a record...
15th post FX:CADJPY
Any comments and suggestions are welcome.
Potential Cypher Pattern forming on the 1h charts. If we get a D leg, it could setup for a nice trade.
14th post FX:AUDNZD
Any comments and suggestions are welcome.
Potential Cypher Pattern forming on the 1h charts. Of course, it is still very early to say, but if we get a D leg, it could setup for a nice trade.
13th post FX:EURUSD
Any comments and suggestions are welcome.
Potential Cypher Pattern forming on the 1h charts. Of course, it is still very early to say, but if we get a D leg, it could setup for a nice trade.
12th Post. FX:GBPJPY
Any comments and suggestions are welcome.
This on my 4 hour watchlist; Potential Gartley Pattern about to hit the D leg; worth a short with tight stops at this level.
11th Post. FX:NZDUSD
Any comments and suggestions are welcome.
This is just hit on the 4 hour charts. We have just completed the most recent bearish gartley and collecting a solid 140 pips; we have just formed and completed a cypher there after.
This is a valid trade opportunity.
9th Post. FX:NZDUSD
Any comments and suggestions are welcome.
Let me know if you guys agree or disagree.
This is on the 4 hour charts; you can see that a Gartley Pattern have completed and the trade would have been a success hitting both targets 1 and 2 (38.2 and 61.8). Unfortunately, my order didn't hit despite having it on the tick before reversal....
10th Post. FX:GBPJPY
Any comments and suggestions are welcome.
This on my 4 hour watchlist; Potential Cypher Pattern forming. We have a valid C leg, but this is still an early one to call, but worth keeping an eye on it.
7th Post. FX:CADJPY
Any comments and suggestions are welcome. Let me know if you guys agree or disagree. Potential Bearish Cypher Pattern forming on 4h charts.
8th Post. FX:GBPJPY
Any comments and suggestions are welcome.
Let me know if you guys agree or disagree.
Potential Bullish Bat Pattern forming on 15m charts.
6th Post. FX:AUDJPY
Any comments and suggestions are welcome. Let me know if you guys agree or disagree.
Potential Cypher Pattern forming on 4h charts.
5th Post. FX:AUDUSD
Any comments and suggestions are welcome.
Let me know if you guys agree or disagree.
Potential Cypher Pattern forming on 1h charts. Of course, it is still very early to say, but if we get a D leg, it could setup for a nice trade.
2nd Post. FX:GBPUSD
Any comments and suggestions are welcome. Let me know if you guys agree or disagree.
Potential Bullish Bat Pattern forming on 4H charts .
