alextradesx

alextradesx

The pair traded upwards since 18th March consolidating an uptrend. Key points for this pair are 1.003, where it showed strength exhaustion and reversed. However, at the time of this post, the currency is trading at 1.02210 and its failure to provide higher highs is showing us that the bulls are taking a break from the upward trend. We are looking to buy this pair...

alextradesx

This pair could potentially earn a risk:reward ration of 1:3.

alextradesx

This is a common index used in Europe to measure the performance of top 50 largest and most liquid stocks in the Eurozone. Therefore, an interest point during this crisis. We are looking for intraday trades, to scalp this index at the channel high/low, with 10/15 pips stop loss. This is a common index used in Europe to measure the performance of top 50 largest...

alextradesx

The price is currently printing at an important resistance zone, therefore we are waiting for a confirmation to enter a short trade. The market sentiment is to sell this pair, due to its failure to capitalize on its early price ( @133.0) and due to the UK’s government approach to fight coronavirus. Furthermore, the pair cross dropped the seven-month lows today. ...

alextradesx

Asia’s current situation is showing a great bear sentiment in the market as the debt contagion continues to spread throughout Southern Asia. Our view for Asian Indexes is that the governments are using every tool/resource available to prevent a financial collapse by enacting a very bold and expensive initiative to expand trade and other infrastructure projects...

alextradesx

USDJPY has seen a strong upward move due to the recent events. This pair currently faces the uncertainty of several fed rates cut if the stock market does not regain its stability. Therefore, it is fair to consider that the pair will be bullish for the next period. If we analyze the fib levels from the past period, we can find that the price retraced from the...

alextradesx Updated 

XAUUSD has reverserd succefully for a very important support zone and will probably test highs again. Look to buy anywhere between 1580 to 1610 S/L: @1560 T/P: @1620 @1640 @1655 Thank you for your support and hope my analysis is providing some value !