minyangshi9409

minyangshi9409

Euro is continuously dropping before Draghi's speech. Market is waiting for message of EBC's standpoint on monetary policy. Currently, it's forming head and shoulder pattern and supported at 1.1255. As usual, Draghi's dovish tongue'll make Euro drop sharply. Thus. it's likely that Euro'll lose the key support, which will carry a larger bearish implication that...

minyangshi9409 Updated 

The market is waiting for Draghi's speech on Wednesday. The rebound is continue after the strong non-farm payroll released on last Friday, coz the low increasing rate of wage is still annoying American economy. Currently, it's strongly supported by 1.1225 and trying to test 1.1250 again. However, it's come into the over-sold zone, the temperate correction is...

minyangshi9409

Forex today in Asia was an eventless, quiet affair, as the sentiment was mainly driven by the fight between risk-recovery and anti-risk appetite. The increasing rate of wage missed expectation last Friday, which is obstructing US dollar to keep strong. Additionally, the uncertainty of Brexit is still high stimulating the rise of Yen. On the technical aspect,...

minyangshi9409

Forex today in Asia was an eventless, quiet affair, as the sentiment was mainly driven by the risk-recovery in the Asian equities and US equity futures, as the fears over China economic slowdown and trade war ebbed. Amid risk reset, the US dollar stuck to its recent bearish bias and traded broadly subdued, aiding the bounce in the Antipodeans. On the technical...

minyangshi9409

Ethereum is suppressed by the down-trend line and key resistance at 137.00. Meanwhile, it lost the support line from 126.20, which indicates completion of the rebound from 131.60. Break will carry larger bearish implication, intraday bias is back on the downside for 132.70 support. Further decline should be seen to retracement 100% from 147.45 to 130.60 at 130.60....

minyangshi9409 Updated 

Ethereum is suppressed by the down-trend line and key resistance at 142.00. Meanwhile, the fifth down wave is going on, which will indicates completion of the rebound from 131.60. It'll test the support at 139.50 first. Further decline should be seen to 61.8% retracement of 147.45 to 131.60 at 137.65 and 135.00 next. Upside, though, break of 142.00, it'll turn...

minyangshi9409

The rise from 0.9925 has completed and this point has transferred to be the resistance. In the big picture, the butterfly patterns is forming that intrady bias is back on the downside for 0.9885-0.9900 key support level. Break will carry larger bearish implication, the further decline should be seen to the retracement 78.6% from 0.9715 to 1.0125 at 0.9820. On the...

minyangshi9409 Updated 

USD/JPY has failed 3 times to break out the resistance at 111.50, it's heavily suppressed by this resistance. Before BoJ's monetary policy meeting on tomorrow, the market keeps cautious on this pair, focusing on the forecast of Japan's economy in 2019 and 2020. If governor Kuroda released the signal that the monetary policy will be easing again, it's likely to...

minyangshi9409 Updated 

Fall from 1.0124 resumed after brief recovery. The deeper than expected decline, and stay below 4 hour 55 EMA, suggests that rise from 0.9926 could have completed. Intraday bias is back on the downside for this key support level. Break will carry larger bearish implication. On the upside, though, break of 1.005 minor resistance will turn bias back to the upside...

minyangshi9409

Ripple is suppressed by the down-trend line from 0.3300 and supported at 0.3210. Meanwhile, it's supported by the up-trend line from 0.3070 as well. What should be confirmed is the triangle is forming and a big trading chance is coming soon. It's likely to rise and test 0.3240 first, the 23.6% retracement of 0.3300 to 0.3070. Further rise should be seen to 0.3300,...

minyangshi9409

The market is silent before FOME's meeting and Powell's speech. Although the price of crude oil is continuously climbing, the market is growing the concerns about Canadian's economy. Growth slowed but business and public spending remained positive. However, there continued to be considerable uncertainty around consumption outlook, given fall in house prices....

minyangshi9409

The market is silent before the FOME's meeting and Powell's speech. The rebound is continue after the temperate correction, supported by the risk appetite of global market. However, it's suppressed by the strong resistance at 1.1345, the down tend from 1.1570 on daily chart. Currently, it's testing again. If it fails, a temperate correction is confirmed to come...

minyangshi9409 Updated 

US dollar is strong today, which supports it's sharp rebound from 1.3287. Meanwhile, the data of Canadian real estate let market down. However, the temperate correction is likely to come coz this pair is overbought. Additionally, the price of crude oil surged to two-week height, which also supports Canadian Dollar in short term. On the technical aspect, USDCAD...

minyangshi9409

No-deal Brexit is ruled out supporting pond to go strong these days. Postponing Brexit is what's likely to happen in the coming future, the secondary referendum is expired as well, and the changed date totally leaving EU will arouse more attention from market. However, EU hasn't responded yet, sterling is still suppressed by the uncertainty and the down-trend line...

minyangshi9409 Updated 

The economic data released recent days supports FED's opinion on keeping patience to further tighten monetary policy, which weakens Dollar. The rebound have been maintaining for 4 days since last Friday, non-farm payroll is released. Meanwhile, the MP ruled out the no-deal Brexit on yesterday's voting. It decreased the risk and support Euro. However, Euro has...

minyangshi9409 Updated 

USD/JPY sharply declined yesterday coz of poor non-farm payroll released yesterday. However, the unemployment rate and wage rate are good easing the trepidation. It's supported by the up-trend line from 106.85 and tries to stably stand above 110.80. If it fails, the further decline should be seen to 110.60 and 110.30 next. Below 110.30, the rebound from 106.85...

minyangshi9409 Updated 

Euro reversed the decline coz of poor non-farm payroll released yesterday. However, the unemployment rate and wage rate are good easing the trepidation. The rebound will continue after the temperate correction caused by oversold. It'll test 1.1200 again and try to stably stand above it. If it's fail, the further decline should be seen to 1.1180 and 1.1110 next. On...

minyangshi9409 Updated 

After weak non-farm payroll data released last Friday, the relative strength of Dollar to Canadian Dollar is naturally balanced. Losing the support at 1.3420 has indicated that the recovery from 1.3130 will be completed soon. Unfortunately, decisive break there will complete a head and shoulder term pattern (ls: 1.3445, h: 1.3470, rs: 1.3435).Further decline...