Full analysis @ ForexReloaded.com
Full analysis at forexreloaded.com
For full analysis: forexreloaded.com
Current trade for the week ahead is going short on the EURUSD pair as we see a 4-hour consolidation forming with a strong likeliness of a lower bound breakout. For the next day at least, the sell-off on the Euro should hit or near the ascending trend-line wedging with the resistance. I expect a bearish breakout especially given the Brexit vote and reduced...
As private sector employment increased by 200,000 in March, down from February, and Yellen citing even high global economic outlook, this continues to dampen the U.S. Dollar pair and the anticipated rate hikes. Despite Yellen still sees two rate hikes for the remaining of this year, charts show a different outlook.
Brexit concerns caused a sell-off in this pair and recovered earlier today. Preparing for another round of sell-offs.
Looking to take profit to 50% move into the supply zone
Fractal pattern shows good potential for a scalp short. Price failing to break higher highs, sign of buyer exhaustion.
Moving average crossover and support break signals buy exhaustion.
Scalping to 50% of next supply zone.
Upside breakout, scalping to 50% of move to next supply zone
Friday's disappointing U.S. retail sales figure provides temporary bullish rally. Full analysis at ForexReloaded .
The Friday sales figure caused a selloff across U.S. Dollar pairs giving you an opportunity of getting in at a relatively favourable price. Although this pair has been ranging since December of last year, we are beginning to see it reverse from a supply zone. This provides another selling opportunity off a relative high. This is also in the direction for the...
Aside from the downwards trend-line, this pair has been playing off of a key demand zone that was recently broken in November, 2015. Aside from a bit of fundamental news, it was unsustained and so the outlook remains bearish. Currently, this trade is setup with a trailing stop loss despite given the previous recent low sat in mid-April at the 126~ price level.
AUDUSD has been in a counter-trend move since September, 2015. An early indication that selling pressure is dying down is by fractal counting. As you can see, this pair failed to make lower lows from September and onwards. I currently believe it is too early to tell if this trend is over, but I highly doubt it. From my moving average settings, they have converged...
USD strength expected to resume in December after having a sell-off last week. The U.S. rate hike anticipation may finally be revealed as the Feds schedule an announcement for December 15, 2015. For a complete market overview, please visit: forexreloaded.com
We are currently looking at the second move of the AUDUSD wedge breakout. This second move is expected to be longer and reach further down than the first.
It seems the Non-Farm Payroll action buyers are slowly unloading their position. The December rate hike anticipation has caused the U.S Dollar to partially strengthen along with the expectation that the Euro will reach parity. The hourly time USDJPY chart currently signals a short term intra-day sell especially against such a devalued currency like the Yen. The...