mofxtrading

mofxtrading Feb 14, 2024

After some slight negative news in regards to CPI, we seen the pound loose some of its value this morning. However over the last few months the pound has been strong and stable compared to its peers, So i expect the pound to fight back and regain some of its losses from earlier today.

mofxtrading Jan 30, 2024

Sometimes its better to stick to the basics and not over complicate a trade. This USDJPY trade is one of them trades. The price has struggled to break resistance and has reached a order block where were seeing a clear reversal. I'm shorting USDJPY in the 148.00 region. This trade has the potential to fall all the way to the 140.000 region. However be sure to close...

mofxtrading Jan 18, 2024

This downward trend of the USD/CAD looks to continue. With prices respecting the current resistance line and a double top forming at the current price it look like a good time to short. in addition to that the fundamentals are looking strong in support of this trade, with the USA on the bring of a major conflict and elections coming up, a lot of uncertainty looms...

mofxtrading Jan 16, 2024

I'm sure your all scrambling looking for the next crypto coin that is going to make you some expediential returns. Well here I Have Polygon (Matic) coin that I will be keeping a eye on. With a bear market likely to carry on for the next few weeks or months, ill be patient with this coin and were likely to see it drop to the 0.7500 area. when we reach this support...

mofxtrading Jan 16, 2024

As we can see on the chart GBPUSD has failed to break the support line a three intervals. A golden rule I go by is if there are three rejections on a support or a resistance line its a sign to enter the trade. Lets see how this trade plays out...

mofxtrading Jan 4, 2024

Quite a risky trade considering what's going on in Japan. However going of just Technical analysis, the price seems to have respected the resistance line. Therefore I think there should be potential for quite a profitable short.

mofxtrading Nov 23, 2023

Keep an eye out for XRP in its current area, if we see it test the the support line and not break it, then I would be in for a long term buy position. If it decides to start its bull run from its current position then I would also go in for a long term buy. Either way the future is looking bright for ripple and all of crypto with all this economic uncertainty.

mofxtrading Aug 3, 2023

As we can see price is consolidating inside the confluence area indicated at around 1933. There is a general upward trend going on (shown by trend line) which is why we will be longing this trade with a R/R Ration of 2.68.

mofxtrading Apr 6, 2020

AUDUSD IDEA

mofxtrading Apr 6, 2020

With everything in the news surley GBP is going to slump?? let me know

mofxtrading Mar 15, 2020

As we all know the world is in a middle of a crisis right now, with corona virus turning into a pandemic, this uncertainty has caused markets to fall and what happens when markets crash?? everyone goes to the safe havens ie: Gold. surprisingly Gold dropped over the last week to what I believe is a support line. So I will be Longing Gold, I think it could make it to 1700.