Samnzimande

Samnzimande

This article will focus on technical terms, it seems that sellers are slowly losing momentum on this pair, recently breaking the bullish trend line and never coming back to kiss it. To take advantage of this trade the moment you see, I will personally suggest you go short on it to 108.614 and having your stop loss at 109.253 and this is not only a suggestion but...

Samnzimande

Oil prices fell by 1% caused by the tension between US and China, it's devastating to see a commodity this important to decline but we cannot control these kinda things, so what we do as traders we react to what's moving the market. Without a doubt the trade war tension of the US and China are driving the Oil price at a disadvantage that is why we see a increase...

Samnzimande

Since early March NZD has fallen drastically against CHF and what we do as traders is figure out the cause of that, technical and fundamental wise. The Kiwi (New Zealand currency) has resulted to have low exports which makes lower exports are a result of smaller contribution to GDP, causing the NZD's value to fall. On the other hand Swiss franc (Switzerland...

Samnzimande

On Monday Stocks opened positive making the US dollar quite strong, Sellers are quite on the deep end on the US dollar against Yen. Last week there was no hope that the dollar will actually gain strength this week due to the Tariffs and Trade war conspiracies etc... so the question is "Is USD really worth buying at this point"? Well I'll simply state YES for the...

Samnzimande

American Stocks open Positive making NASDAQ surpass 7496.0 a price that was on our 61.8% fib level confirming a strong buyers movement. On this case it is very wise to wait for pull-backs to the highlighted zones before actually going Long on NASDAQ, because truth be told it would be very stupid of you to buy now when the price is sky rocketing up. NASDAQ is quite...

Samnzimande

USDMXN does exactly as predicted closing last week's gab with another gab and currently on the target price that was produced in the last week analysis. Well the question is how did this happen in the middle of discussion to release new Tariffs? Mexico avoided the Tariff which is taking the Mexican Peso roughly around 19.27, so it is victory for the Mexican...

Samnzimande

Took a close look on EURCHF and found AUDCHF are trending similar, AUDCHF was posted last week about its major consolidation. EURCHF has its case quite different, if we shifted from the H4 to 30min there's an Ascending Triangle that is currently been broken, which indicates that Buyers are starting to have interest on this Baby possibly riding it up to 1.12719...

Samnzimande

Non-farm payroll just changed the story of AUDUSD, the last wave count was just confirmed on Friday, now heading for a Correctional wave count, our job is to keep an eye on this Mistress. One of the wise actions we can take is to wait for a proper pull-back before we Short it like lunatics, which our Target will be around 0.69876 on our respected trend line and...

Samnzimande

Quite a very simple trade, Markets are closing today but without a doubt eyes are on this Baby on Market open. When shifted to the H4 Timeframe, an inverse Head and Shoulder is spotted and already has been broken and might be heading to the target price 123.5328 which was measured from the Head to the neckline and so to find out it is equal to the previous...

Samnzimande

XAGUSD was called few days about its outstanding performance and the non-farm payroll just boosted Silver's price 15.43 Per Silver. On technical terms there was several reasons why this Commodity was gaining strength all of a sudden, first we spotted a sideways triangle getting a understanding of the price compressing, secondly it perfectly rejected on the recent...

Samnzimande

Not looking good for the South African Rand, recently just decline by 3.2% affecting the country's wealth creation sectors. It just passed R15.05 and it's not looking good for RSA, it was estimated that it will take at least 15 months for the economy to recover and come to its stable performance. So the question is "is it going for R15.70 and possibly South...

Samnzimande

Currently AUDUSD nicely respected the trend line, looking to target 0.70245 on our final motive wave followed by correctional waves that eventually going to be a solid head and shoulder if everything goes accordingly. Waiting on the US discussion of the Tariff that has been moving the market like crazy. The Australian dollar gained strength despite lack of Data...

Samnzimande

Looking at XAGUSD or Silver just to put it in simple terms, started off on a weekly timeframe, saw the price compressing since June 2018, we just came off from the triangle's support level price now shooting up, I don't know if it's only me noticing this but why are commodities gaining strength all of a sudden? Coming back to the analysis, okay firstly spotted a...

Samnzimande

A quite simple trade on AUDNZD, weekly timeframe is where it shows us its hidden secrets, spotting one of the largest head & shoulder and to confirm if it's a conventional head and shoulder or not, we had the market break the neckline, recently retested perfectly and focusing on candlestick information on daily right up H1 timeframe we can get a firm...

Samnzimande

On technical term, we have USDMXN price compressing in a triangle since last year. Shifting to 4 hourly timeframe there's a Head and Shoulder spotted there indicating the economy's recovery. On Fundamentals term, just recently the Mexican currency suffered a knock on Trump's new Tariffs so the GOP Lawmakers are discussing vote to block Mr Donald's Tariffs. For...

Samnzimande

AUDCHF might take the number one spot of consolidations this Year, having the price constantly rejecting or declining at 0.68994. Two support level are evident to that statement now currently the market rejecting at the same price and even better forming a double bottom pattern on H4 Timeframe, if this pattern becomes a success we looking at it sky rocketing up...

Samnzimande

CADJPY trending smoothly, currently the market going to that trend line connected with 2 previous resistance zones. We have misconceptions about this pair going bearish or bullish, well I say it's truly a waiting game until we have that proper confirmation on that trend line, eyes are on 80.897, but this is the market, it could easily break above going for 81.451...

Samnzimande

CADCHF currently rejecting at the current price, this article will not disclose any Stop loss nor Take profit. CADCHF going to retest the previous consolidation zone that wasn't retested before, addition confirmation are: 1) Trend line drew from the 3rd previous resistance and respected by the second previous resistance 2) Fibonacci placed from second previous...