YourLazyTrader

YourLazyTrader Updated 

GBPUSD has closed above the 100D EMA. So, technically, it might resume it's uptrend again. I have highlighted the critical levels in my chart. However, the fundamental picture remains murky. Intense post-Brexit trade negotiations will begin shortly between the EU and UK, which might not be a piece of good news for the Pound. Even if the uptrend resumes, GBPUSD...

YourLazyTrader

In my previous EURGBP Idea, I advised buying dips below 0.8300 and that was quite profitable. However, EURGBP is still in the support area where the buyers will look to step in once again. So, traders can look for Long entries between 0.8280-0.8370 with SL below 0.8200. Long term traders can set 0.86, 0.90 and 0.93 as potential take profit areas.

YourLazyTrader

I mentioned in my previous idea that GBPUSD may resume it's minor uptrend and as expected, it tried to rally beyond 1.30 yesterday. However, it has faced some resistance beyond 1.30 and currently consolidating. I expect this consolidation to continue for a little longer before the sellers step in and pull GBPUSD below the 100D EMA thereby solidifying the case for...

YourLazyTrader

GBPNZD rallied up to a strong resistance area. However, it was rejected at the resistance. We can see more drop in this cross if risk appetite improves and NZD strengthens.

YourLazyTrader

As indicated in the chart, AUDUSD can rally up to the resistance level of 0.6685. So, it could be a counter-trend buy trade for short-term. However, be careful as worsening risk appetite could lead to a drop in AUDUSD as well.

YourLazyTrader

USDCAD is approaching the Resistance area again from where it could drop. Traders can look for sells between 1.3300-1.3340 with SL above 1.3400 TPs can be placed at 1.3250, 1.3180 and 1.3033 as the downtrend takes place.

YourLazyTrader Updated 

In my previous analysis(attached below), I recommended selling USDJPY as it reached a very strong resistance. The trade set-up is in 60 pips profit and I expect the trend to continue. In case you didn't sell yet, there's a good chance that there will be some pullbacks which will bring new sellers. So look for bearish flags on the lower timeframe and sell...

YourLazyTrader

Gold's rally has been remarkable so far and current price action indicates that the rally is probably not done yet. So, XAUUSD may continue to rise to all-time highs in the next few weeks over global economic concerns. At this point, there could be a pullback and consolidation though which should be considered a correction and not as a trend reversal. So sellers...

YourLazyTrader Updated 

Persistent Euro weakness has pushed EURGBP to it's yearly lows. However, price has rebounded from a very strong support zone as indicated in my chart. So, traders can look for Long entries at 0.8290-0.8330 with SL below 0.8200. Traders can take profit at 0.84, 0.8550,0.8780 and 0.93.

YourLazyTrader Updated 

In my previous idea(attached below) I mentioned about selling GBPUSD@1.3040-1.3070. Well, price has almost reached the final target I mentioned in the previous idea. At present, GBPUSD is trading slightly below the 100D EMA. Whether we see a meaningful recovery will depend on the headlines related to Brexit. At this moment, the headlines don't sound very good and...

YourLazyTrader Updated 

As shown in the chart, USDJPY has reached resistance. The overextended bull run is about to end. Traders can look for sell opportunities between 111.95-112.20 with SL above 112.50 TPs can be placed at 111.20, 110.50 and 110 respectively. Over the course of the next 4-8 weeks, UJ might drop as low as 108 or 107

YourLazyTrader Updated 

EURCAD is about to touch a long-term trend line from where price could rebound. I have started buying EURCAD with small lot sizes. Traders can look for buys between 1.4250-1.4300 with SL below 1.4130. TPs can be placed at 1.44, 1.4520 and 1.47 respectively

YourLazyTrader Updated 

The Bullishness in Gold is quite strange. First of all, the stock markets are in an uptrend which usually should lead to a sell-off in Gold. Secondly, the US Dollar is very strong which once again should push this XAUUSD Cross lower. And finally, the other safe-haven Japanese Yen(JPY) is plummeting which also in most cases, lead to a drop in XAUSUD. So, it's...

YourLazyTrader Updated 

I know it has been a long and painful wait for the EURUSD buyers. However, things are about to change very soon. It's very likely that EURUSD will reverse now. The bottom of the channel is only 30-40 pips away now and if it goes there, I will put my final buy at that point. Once EURUSD reverses, we are likely to see 1.1150 again in the next 3-4 weeks.

YourLazyTrader Updated 

Current price action indicates that CHFJPY might have bottomed out and it will resume the uptrend soon. If the support at 111.80 holds, there's a good chance that CHFJPY might reach the resistance at 113.

YourLazyTrader

GBPAUD spiked up after RBA minutes. However,the current candelstick formation indicates that it could drop soon. I have sold GBPAUD at 1.9417 and targeting 1.9340 as my initial TP. If 1.9340 breaks, 1.9200 could be on the way

YourLazyTrader

After Friday's Bearish candlestick formation which indicated weakness among the buyers, GBPJPY reversed yesterday. At this point, GBPJPY could drop to the support area at 141. So, traders should exercise caution before buying. Sellers, on the other hand, can hold their sells till 141.

YourLazyTrader

AUDUSD slumped after the RBA minutes. However, there's a good chance that the price can rebound here. If the support area holds, traders can look for buy entries between 0.6670-0.6690 with SL below 0.6650. TPs can be set at 0.6750, 0.6820 and 0.69 respectively