There has been huge bearish momentum with Usdcnh due to top political uncertainty and the pandemic However, I'm forecasting that the selling pressure will begin to ease and reveal a potential upside for the pair I would monitor the pair and wait until the bullish trend emerges and ride it to the key levels Be aware that it could potentially form a...
Gj has been in a solid channel with ranges of bullish movements and I expect the bullish movement to continue overall looking at the higher time frames However, Gj has come close a very strong resistance zone and so there is a good chance of consolidation Be careful because a reversal for the downside might emerge if GJ is unable to break through the key levels
The cad bullish momentum is going to be tested within the zone because it heading towards a major resistance zone. This zone has rejected several trends, causing bearish momentum in the past Now would be the best time to test for the bearish emergence being that the cad is another safety currency. As the market's fears over the viruses ease more the cad might...
The yen is respecting the uptrend it has been in after bouncing off a support level However, as the market calms down more from all of the viruses fears the yen might look more unfavorable but for now I suggest riding the trend
The Pound has been very bullish over the last couple of weeks but it has hit a major resistance level the has been consistent for several weeks. I expect the pound to test this area with fakeouts before revealing its true direction I would only test and scalp the pound for a short time interval until a more clear direction emerges
The dollar has hit and bounced off of a major support level and now is in a major consolidation zone in which there is potential for the upside and equal potential for the bearish momentum to continue. However, I expect this to the starting area for the selling pressure to ease up and more opportunity for the dollar to go long. I'm overall favoring the dollar to...