martin_kemei

martin_kemei

The DXY is currently forming a bearish chart pattern as it awaits the release of today's CPI data. The key question remains: will the $109 support level hold firm, or is a breakdown imminent? I’d love to hear your analysis and insights on this critical matter.

martin_kemei

This is my analysis for Gold in the first week of 2025. The recent downtrend in Gold appears to be taking a pause, with the current price action suggesting a potential retracement before continuing its downward movement. 💡

martin_kemei

In anticipation of the Bank of Japan's (BoJ) interest rate decision next week, there is potential for a significant appreciation of the Japanese Yen. This could occur if the BoJ opts to raise interest rates, which would likely lead to a decline in the USD/JPY exchange rate, potentially pushing it down towards the 150-151 level within its current trend channel.

martin_kemei Updated 

With the recent breakout of gold following two weeks of consolidation, I anticipate a continuation of upward momentum in prices. This setup coincides with the London Open and presents a strong opportunity for the market to achieve higher daily highs.

martin_kemei Updated 

Watching the triangle closely—if the price breaks, shorting EUR, GBP, AUD, and NZD could present a strong opportunity. Patience is key as we wait to see how the new Trump administration shapes market dynamics. This is shaping up to be a solid long-term trade idea!

martin_kemei Updated 

My bias on Gold as the dollar retraces. It might take a while to drop.

martin_kemei

It sounds like a solid short-term play, especially with the volatility that can come from the overlap with the New York session. Keeping your target tight at 40 pips makes sense if you aim to capitalize on the initial swings and avoid staying in too long with potential reversals. Let me know how it goes!

martin_kemei

Observing the price action at the opening of the London and New York sessions can reveal valuable insights into market behavior, particularly when trading GBP/USD (GU). Often, there's a noticeable divergence in price direction during these times, presenting both challenges and opportunities for traders. Understanding these divergences can be key to successful...

martin_kemei Updated 

Observing a weakening U.S. dollar on election day, I identified a potential opportunity and went long on GBP/USD (GU) with a 20-pip stop loss. The trade played out successfully, validating the setup and approach.

martin_kemei Updated 

I'm expecting volatility to push the price downwards for a quick long on GU && EU.

martin_kemei Updated 

Given the recent signs of strength in the Euro against the US dollar, taking a long position in EUR/JPY appears to be a promising strategy.

martin_kemei

During the Asian session, the price broke the 15-minute structure, followed by a retracement at the London Open. A trade was then placed with a 20-pip stop-loss and a 30-pip take-profit, which was successfully reached within an hour.

martin_kemei

Given the recent downward spike observed yesterday, I anticipate a potential upward movement today. I am targeting a 50-pip gain as the market may rebound from its current level. This analysis suggests a favorable entry point for traders looking to capitalize on a reversal.

martin_kemei Updated 

Gold had a major pullback yesterday, allowing traders to go long. What I'm looking at is a push back to all-time highs and beyond.

martin_kemei Updated 

I took a short on the GU due to a USD strong bias to the upside. I hit 40 pips and left a micro lot to run LT.

martin_kemei Updated 

After the BoC interest rate decision being released, I'm long the USDCAD SL below the New York session open.

martin_kemei

If the price of Cable blasts through the Asian highs. I'm going long.