YourLazyTrader

YourLazyTrader

In all my previous NZDJPY ideas, I recommended traders to sell NZDJPY. If you followed, you might have made close to 200 pips profit from those. However, through this analysis, I want to say that NZDJPY could bounce upwards in the coming days. Today's daily candle might show indications of a trend reversal as this candle has formed at the 100D EMA. So, if NZDJPY...

YourLazyTrader Updated 

I mentioned about selling NZDJPY at 73.25 in my previous analysis. As you can see we are already 50 pips down from that point and I believe there is a long way to go. NZDJPY rally failed at two crucial areas: 1) The 100 Week EMA 2)Descending Trendline Resistance. In addition to the technical factors, there are other fundamental aspects such a correction in the...

YourLazyTrader

AUDNZD price action indicates that a big move can happen very soon. Price is consolidating at the bottom for nearly 2 months now and I believe and accumulation of orders is taking place here. I have already bought AUDNZD and will continue to add more buys if it drops. I have indicated with arrows about the possible price action in the coming days. Either way,...

YourLazyTrader

EURUSD is consolidating in a tight range over the last few days. But, as long as the support area holds, EURUSD could go upwards towards 1.1150 and 1.1230. So, we can look for buys at support 1.1073.

YourLazyTrader Updated 

After a prolonged downtrend, USDCAD is showing signs of reversal. However, it faced some resistance in the 1.3100 area. That being said, USDCAD is currently consolidating and we could see the next bullish impulse very soon. If the bullish impulse doesn't happen and we go back to the 1.2960 zone, I will consider buying again. Either way, USDCAD looks poised for a...

YourLazyTrader Updated 

GBPUSD sellers can look for sells in the short term between 1.3050-1.3070 with TP at 1.3000 and 1.2970. However, for long term, I am bullish on GBPUSD. You can check my long-term GBPUSD analysis below

YourLazyTrader Updated 

We have seen a decent correction in GBPCAD over the last few weeks. However, price action indicates that things might turn around very soon. I believe a reversal is on the way for GBPCAD. Technically, a) Price is finding support at the 100D EMA. b) A descending wedge formation is taking place. So, I will be looking to go long in the 1.6850-1.6950 zone with SL...

YourLazyTrader

We have a nice bullish candlestick in the daily chart at the support region I mentioned in my previous chart. So, this gives us a bias to go long. I will be looking for Buy trades between 1.1075-1.1090 with SL below the second support. Traders can take profit at 1.1150 and 1.1230

YourLazyTrader

After a decent correction, USOIL is now showing signs of consolidation at the 100D EMA. Besides, it has also bounced off the ascending Trend Line. In addition, we have a nice Doji candle after the recent drop. All these technical factors point to a rise in USOIL in the coming days. So, if price manages to stay above 58, I would be looking to buy with 63 as my...

YourLazyTrader

After spiking to multi-year highs above 1600, XAUUSD is in a correction phase. However, I would be looking to Buy if price reaches my preferred Buy area between 1535-1543 Keep in mind that Gold is a risk-sensitive asset. So, if we have some kind of risk-off triggers in the equity market, going Long would be a pretty good idea.

YourLazyTrader

After a spectacular rally since September till mid-December, we are now seeing a decent pullback in GBPUSD. Some traders probably believe that it's a reversal. However, at this stage, I would like to think that it's a decent correction. Price is still above the 100 day EMA which means the uptrend is still intact. But, that doesn't necessarily mean we should buy...

YourLazyTrader

I published an idea for EURUSD last week which was about going long in the 1.1075-1.1100 zone. That idea worked pretty well. Through this analysis, I am going to take a look at both BUY and SELL set-ups. BUY Set-up We can see from the chart that the price is still in the Support Zone and there is also a horizontal support at 1.1071 area which can trigger an...

YourLazyTrader

USDCHF is showing persistent weakness for more than 6 weeks now. However, it seems like the weakness is about to end. 0.9660 area has proved to be a decent demand area for a couple of weeks now which means this area is certainly keeping buyers interested. But, sellers are also lurking in the 0.9730-0.9750 zone. At this point, I believe we need some catalysts to...

YourLazyTrader

EURCAD has been rejected by the trend line as well as the 4H EMA. So, there's a chance for an intraday sell trade here. DISCLAIMER: This is just a trade set-up. Whether I execute the trade will depend on price action at the time of placing the trade and I will update in the channel if I sell eurcad

YourLazyTrader Updated 

112.60 zone has offered some resistance in the recent days. In addition to this, there is also some bearish divergence in the RSI. If this zone continues to offer resistance, we can execute low-risk sell trades at 112.68-112.85. TP can be set at 112.10 and 111.70. Stop Losses can be placed above 113

YourLazyTrader

AUDNZD is trading in a bearish move for more than two months now after hitting multi-week high back in November. Lately, AUDNZD has gained some strength and consolidating at the bottom of the structure. From this area, two things are likely: 1) A strong impulse to the upside. 2) A final bearish move and strong upside. Either way, swing traders should look for...

YourLazyTrader

In the hourly chart, note that NZDUSD is moving in a bearish channel. In addition to this, price has also been rejected by the 100H EMA. Therefore, there is a good chance that NZDUSD will continue the downside. We can look for Sell at (0.6635-0.6645). Traders can take profit(TP) at 0.66 or 0.6680 which happens to be the bottom of the channel. This is a low-risk...

YourLazyTrader

Hello everyone, as you can see from the chart EURUSD is consolidating in a Trend line support area. So there is a good chance that EURUSD might find support in the 1.1080 zone and start the next leg upwards. If the price action in lower time frame shows Bullishness, we can look for Buy entries around the 1.1075-1.11 zone. We can take profit(TP) at 1.1170 and...