danielcheong1974

danielcheong1974

Currency Pair: USD / JPY Timeframe: H1 Date/Time of Signal: 16th December 2019 / 2320hrs (SGT) Review: USD/JPY has been on an upward trend has broken the Resistance level of 109.20. Recently, USD/JPY has tested and fail to break the new support level of 109.20. With the current positive US-China Trade sentiment and a breakout momentum above the level of...

danielcheong1974

Currency Pair: AUD / USD Timeframe: H4 Date/Time of Signal: 12th December 2019 / 2200hrs (SGT) Review: US Producer Price Indexes (PPI m/m) data which is a leading indicator for consumer inflation, was worse than forecast. And with a possible deal with China, this could increase value of the Australia dollar. After all, the Australian dollar is very sensitive...

danielcheong1974

Currency Pair: EUR/AUD Timeframe: H4 Date/Time of Signal: 11th December 2019 / 2100hrs (SGT) Review: With news of the possibility of a prospect for a conclusion of the phase one deal or a delay in Dec’19 tariffs, this should work with the value of the Australian dollar. After all, the Australian dollar is very sensitive to Chinese growth as Australia is a major...

danielcheong1974

Currency Pair: EUR/JPY Timeframe: H1 Date/Time of Signal: 10th December 2019 / 0010hrs (SGT) Review: EURJPY has been ranging and recently tested and bounce off the Support level of 120.15. Trade signaled to BUY EUR/JPY (Entry: 120.25) with 3 Take Profit (TP) Targets (TP1: 120.45, TP2: 120.65, TP3: 120.85) and Stop Loss (SL) at 119.95.

danielcheong1974

Currency Pair: AUD/USD Timeframe: H1 Date/Time of Signal: 5th December 2019 / 1200hrs (SGT) Review: On Monday (2nd December 2019), Australia’s Building Approvals m/m actual data was below forecast (-8.1% vs -1.0%). And yesterday (4th December 2019), Australian 3Q19 GDP disappoints as the growth slowdown from 0.6% in 2019 to 0.4%. This morning (5th December...

danielcheong1974

Currency Pair: USD/JPY Timeframe: H1 Date/Time of Signal: 4th December 2019 / 1600hrs (SGT) Review: USD/JPY has been trending downwards after Monday’s release of a lower than forecast US ISM Manufacturing PMI data which indicated a continuous contraction in the manufacturing sector. Yesterday (3rd December 2019), US President Donald Trump mentioned that the...

danielcheong1974

Currency Pair: USD/CAD Timeframe: H1 Date/Time of Signal: 3rd December 2019 / 1600hrs (SGT) Review: Yesterday (2nd December 2019), 1) US ISM Manufacturing PMI data released at 48.3 below forecasted of 49.0 which is a 3 months consecutive industrial contraction. 2) US Commerce Secretary Wilbur Ross indicated that US will increase Tariffs on Chinese goods if...

danielcheong1974

Currency Pair: USD/CHF Timeframe: H1 Date/Time of Signal: 3rd December 2019 / 1600hrs (SGT) Review: Yesterday (2nd December 2019), 1) US ISM Manufacturing PMI data released at 48.3 below forecasted of 49.0 which is a 3 months consecutive industrial contraction. 2) US Commerce Secretary Wilbur Ross indicated that US will increase Tariffs on Chinese goods if...

danielcheong1974

Currency Pair: GBP/USD Timeframe: H1 Date/Time of Signal: 2th December 2019 / 1820hrs (SGT) Review: This morning, Pound has weakened as polls pointed to a sharply narrowing lead for the Conservative Party ahead of the Dec. 12 election. As GBP/USD broke a Key level of 1.2900, trade signaled to sell GBP/USD (Entry: 1.2900) with 3 Take Profit (TP) Targets...

danielcheong1974

Currency Pair: EUR/GBP Timeframe: H1 Date/Time of Signal: 29th November 2019 / 1330hrs (SGT) Review: YouGov MRP poll suggested high chance the Conservative Party (led by Boris Johnson) would win majority seats in the British Parliament this has been seen as a positive for the Pound. Recent poor eurozone PMI data(s) have skewed to a Euro dollar...

danielcheong1974

Currency Pair: EUR/USD Timeframe: H1 Date/Time of Signal: 27th November 2019 / 1600hrs (SGT) Review: EUR/USD is trending downwards after the release of the poor eurozone PMI data. EUR/USD has tested and failed to break the Resistance level of 1.1030. Following the downtrend, trade signaled to sell EUR/USD (Entry: 1.1004) with 3 Take Profit (TP) Targets (TP1:...

danielcheong1974

Currency Pair: EUR/JPY Timeframe: H1 Date/Time of Signal: 26th November 2019 / 1500hrs (SGT) Review: On 22nd November 2019, The Euro Flash PMI suggested that the Euro economy remained close to stagnant. EURJPY has tested and failed to break the Resistance level of 120.20. Following the slight downtrend, trade signaled to sell EUR/JPY (Entry: 119.98) with 3...

danielcheong1974

Currency Pair: AUD/USD Timeframe: H1 Date/Time of Signal: 21th November 2019 / 2230hrs (SGT) Review: AUDUSD have a slight downward trend. Using Fibonacci retracement, a bearish candle has bounce of the 61.8% retracement level. Continuing with the down trend, trade signaled to sell AUD/USD (Entry: 0.6802) with 3 Take Profit (TP) Targets (TP1: 0.6782, TP2:...

danielcheong1974

Currency Pair: GBP/JPY Timeframe: H1 Date/Time of Signal: 21th November 2019 / 2230hrs (SGT) Review: GBPJPY have tested and failed to break the Strong Resistance level of 141.00 . A Shooting Star candlestick appearing just below the Resistance level of 141.00, Trade signaled to sell GBP/JPY (Entry: 140.62) with 3 Take Profit (TP) Targets (TP1: 140.42, TP2:...

danielcheong1974

Currency Pair: GBP/JPY Timeframe: H1 Date/Time of Signal: 20th November 2019 / 1600hrs (SGT) Review: Overall, GBPJPY have a downward trend below the Strong Resistance level of 141.00 . At the London market open, a strong downward momentum suggesting weakening of the Pound. Continuing with the down trend, Trade signaled to sell GBP/JPY (Entry: 140.08) with 3...

danielcheong1974

Currency Pair: USD/JPY Timeframe: H4 Date/Time of Signal: 19th November 2019 / 1200hrs (SGT) Review: USDJPY have a downward trend. USDJPY have tested and failed to break the Resistance level of 109.2 and has a Continuing with the down trend, Trade signaled to sell USD/JPY (Entry: 108.59) with 3 Take Profit (TP) Targets (TP1: 108.39, TP2: 108.19, TP3: 107.99)...

danielcheong1974

Currency Pair: USD/JPY Timeframe: H1 Date/Time of Signal: 14th November 2019 / 1700hrs (SGT) Review: Previously, USDJPY broken the Support level of 109.2 and has a downward trend. It has recently tested and unable to break the 109.2 Resistance level. Continuing with the down trend, Trade signaled to sell USD/JPY (Entry: 108.6) with 3 Take Profit (TP) Targets...

danielcheong1974

Currency Pair: AUD/USD Timeframe: H1 Date/Time of Signal: 12th November 2019 Review: Recently, AUDUSD has broken the Support level of 0.68750 and has a downward trend. With no agreed resolution in sight for US-China trade agreement, The trade war has caused the AUD to be weakend as AUD is correlated to the China’s economy. Trade signaled to sell AUD/USD/CHF...