USD slightly recovered from the overall weekly loss on Friday night with the release of UoM figure at 55.1 actual vs 52.5 forecast. DXY of which tracks the strength of the USD against a basket of major currencies hovering at the level of 105.67 for the close of the weekend. Recently USD weakness due to weaker July22 US CPI data at 8.5% on last Wednesday of which...
DXY breakout of the bullish flag or rejection at key level by tonight prior FOMC on Thursday morning 2am ?
retacement towards fib level 38.2 level hold price rejection at higher low RBA rate decision tmr 1230pm with rate hike likely to be increase from 0.35%-0.75% if Dow Jones surge by tonight, it will be a boost for this pair to go upwards.
Breakout of the resistant zone and trendline with retest. Price may pullback during London session, look for entry inside the zone for better RR. Refer at your own risk. As such, you are required to practise proper risk management approach and due diligence before taking any trading decisions.
breakout retest, bearish flag, wait for pullback then entry sell, validity till London session only. grab and run. FED member Daly comment on rate to neutral 2.5 in nominal terms, DXY strengthened.
DXY continues to trade lower on Friday US session. USD pairs across the board weakening despite hawkish tone from the FED chair Powell clearly stated that 50 basic points basic rate hike is likely to curb high inflation. Among the major currencies NZD gained was the winner in terms of % in the weekly gains due to RBNZ recent central bank decision of which has...
Bullish flag ahead of weekly resistant. Breakout of the flag will send USD higher. Friday job report is a fuel if figure hit market anticipated.
risk off environment due to hawkish tone from the FED. at your own risk.
QM Setup. Remarks from author 1)This analysis does not represent long or short trade immediately, it is solely on the author analysis 2)Trade at your own risk with proper lot sizing and follow your own trading plan 3)Risk management is always be the top priority
Best entry @ 1.3600-1.3610 SL 40 pips (Slightly above) MPL. QM Setup. Remarks from author 1)This analysis does not represent long or short trade immediately, it is solely on the author analysis 2)Trade at your own risk with proper lot sizing and follow your own trading plan 3)Risk management is always be the top priority
First entry @ 0.66400-0.6650 SL @ 0.6660 (30 pips). If breakout of the zone wait for strong rejection for confirmation of sell setup with SL @ 0.6710 Entry @ London-NY overlap session. Tonight a slightly risk on environment, wait for better entry. Remarks from author 1)This analysis does not represent long or short trade immediately, it is solely on the author...
First entry @ 1.2770, SL @ 1.2800 (30 pips). If breakout of the zone wait for strong rejection for confirmation of sell setup with SL @ 1.2850. Entry @ London-NY overlap session. Remarks from author 1)This analysis does not represent long or short trade immediately, it is solely on the author analysis 2)Trade at your own risk with proper lot sizing and follow...
refer at your own risk. year end limited liquidity
The FED is scheduled its last FOMC for the last time by tonight. While tapering is already on the table, traders are looking for a clue on the rate hike plan next year. Market anticipation of hawkish tone during Powell speech later, however, if FED surprise the market with dovish statement, DXY will likely to fall. 97.00 after FOMC tonight or retest at 96.40 ??
Technically perspective, AudUsd has been break out of the key level 0.7400 since mid of Oct21 as risk on environment recently, where trader interest to shift their money into the risk currencies such as AudUsd and NzdUsd. Its resistant could be found at 0.7600, while support around 0.7400+- AudUsd during European session has reach a low of 0.7485 while as New...
Remarks from author 1)This analysis does not represent long or short trade immediately, it is solely on the author analysis 2)Trade at your own risk with proper lot sizing and follow your own trading plan 3)Risk management is always be the top priority