PAIR IN FOCUS: GBPNZD BIAS: NEUTRAL-BULLISH HORIZON: SHORT TO MEDIUM-TERM Price is currently in a range and it would be good to be patient and wait for a break out of it. Should the price break higher, observe for a retest of the upper range area for targets at the next structure level. Likewise for TP 3, we would want to see a break and retest of the structure...
PAIR IN FOCUS: USDJPY BIAS: BULLISH HORIZON: SHORT-MEDIUM TERM After breaking above structure level last week with the JPY weakening, price has retraced back to the structure level. As the uptrend remains intact, my bullish bias remains. Price could rebound from this structure level following a successful retest. Otherwise, if price breaks below this structure...
PAIR IN FOCUS: USDCAD ACTION: LONG HORIZON: SHORT-TERM Price is currently in a downtrend, however, we could see a small price retrace to retest a structure level before continuing another bearish leg. On a lower time frame, we can see that price has broken and retested a small support. Possible target would be the structure level, with stop loss below this...
PAIR IN FOCUS: EURCAD ACTION: LONG HORIZON: SHORT TO MEDIUM-TERM After dipping into multi-time frame structural support, price printed a bullish engulfing candle on both H4 and H1 time frames. On the lower time frame, we can see that price has slightly broken the recent swing high, formed and retested the support. Price could continue climbing higher, otherwise,...
PAIR IN FOCUS: AUDJPY ACTION: LONG HORIZON: MEDIUM TO LONG-TERM After breaking above and retesting several structure levels, price may continue to climb higher based on momentum. Daily candle has shown that there is bullish momentum. Suggested TP will be @ 1:1 R:R and 2:1 R:R. Stop loss is place below the structure level, with space for another possible...
STOCK IN FOCUS: SIA The pandemic situation shocked many markets, and the impact seems to be just gaining traction in the West. The situation does not seem to be slowing down yet, and it will still take time for any recovery to the pre-virus phase. Aviation is definitely one hard-hit industry, with governments having travel advisories and even banning flights to...
PAIR IN FOCUS: GBPAUD ACTION: LONG HORIZON: SHORT TO MEDIUM-TERM Price has broken a recent swing high, and that signals for a possible new bull wave or large retracement. The presence of a bullish RSI divergence also gives support to a bullish bias. TP 1: 1.91870 TP 2: 1.92890 STOP LOSS: 1.90070
PAIR IN FOCUS: USDJPY ACTION: SHORT HORIZON: SHORT TO MEDIUM-TERM Price has reached the upper bounds of a descending wedge and could possibly retrace downward from here. Stop Loss is place above the upper bound, with TP targets at S/R levels. TP 1: 106.620 TP 2: 106.460 TP 3: 106.300
PAIR IN FOCUS: EURUSD PLAN: SHORT ENTRY: 1.10550 STOP LOSS: 1.11090 TP 1: 1.09860 TP 2: 1.03260 TP 3: 1.08740 REMEMBER TO MANAGE YOUR RISK!
PAIR IN FOCUS: GBPCHF PLAN: SHORT ENTRY: 1.19250 STOP LOSS: 1.19770 TP 1: 1.18370 TP 2: 1.17980 TP 3: 1.17240 REMEMBER TO MANAGE YOUR RISK!
PAIR IN FOCUS: EURUSD PLAN: SHORT ENTRY: 1.09400 STOP LOSS: 1.09880 TP 1: 1.08920 TP 2: 1.08210 TP 3: 1.07500 REMEMBER TO MANAGE YOUR RISK!
PAIR IN FOCUS: GBPCAD PLAN: LONG ENTRY: 1.71800 STOP LOSS: 1.70840 TP 1: 1.72580 TP 2: 1.73370 TP 3: 1.74040 REMEMBER TO MANAGE YOUR RISK!
PAIR IN FOCUS: GBPJPY PLAN: LONG ENTRY: 131.00 STOP LOSS: 130.38 TP 1: 131.62 TP 2: 132.42 TP 3: 133.08 REMEMBER TO MANAGE YOUR RISK!
PAIR IN FOCUS: CHFJPY PLAN: LONG ENTRY: 113.40 STOP LOSS: 113.00 TP 1: 113.95 TP 2: 114.22 TP 3: 114.64 REMEMBER TO MANAGE YOUR RISK!
PAIR IN FOCUS: EURNZD PLAN: SHORT ENTRY: 1.84400 STOP LOSS: 1.85650 TP 1: 1.83600 TP 2: 1.83220 TP 3: 1.82670 REMEMBER TO MANAGE YOUR RISK!
STOCK IN FOCUS: GENTING SING As the pandemic situation continues, tourism-related companies are greatly affected. Travel advisories, bans and even country lock-downs see a stark drop in local and tourist traffic, and revenue for the retail and hospitality sector. Genting Singapore PLC had been involved in the development, and currently operating 2 Integrated...
PAIR IN FOCUS: EURNZD PLAN: LONG ENTRY: 1.84000 STOP LOSS: 1.83300 TP 1: 1.84420 TP 2: 1.84960 TP 3: 1.85780 REMEMBER TO MANAGE YOUR RISK!
PAIR IN FOCUS: XAUUSD PLAN: LONG ENTRY: 1657.20 TP 1: 1662.20 TP 2: 1667.95 TP 3: 1672.90 REMEMBER TO MANAGE YOUR RISK!