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As a safe-haven currency, the Swiss Franc (CHF) retained its strength throughout 2024, even as rate cuts from the Swiss National Bank (SNB) encouraged temporary rebounds by other currencies. Despite these rate cuts, the Franc maintained a bullish trajectory, targeting a key supply zone near the 122 level. We expect this region to act as a resistance point,...

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Markets Rattle as Global Currencies Slide: Central Banks Prepare to Act Global financial markets plunged on Monday as U.S. tariffs under the Trump administration, alongside retaliatory measures from key trading partners, officially took effect. The result: a wave of uncertainty and volatility that sent the Australian, Canadian, and New Zealand dollars spiraling to...

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On the 12 months chart, price show an impulsive bearish move that took 6 years o complete. In tandem with price action, the bullish correction that is currently active has taken 14 years. Price is yet to contact a fresh long-term supply sitting at 1.544. On the monthly and weekly charts, the structure is still the same. Price is seeking to contact a short term...

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On the monthly charts, we have a bearish outlook with signs of bullish correction. On the same monthly chart, we have a fresh order block indicating there is downside pressure. Lately, the Kiwi has come under a lot of pressure since China cut their interest rates. Presently we are anticipating a further weakening of the kiwi across the board caused by weakening...

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The 12 month chart shows price reacting from a strong demand zone though the price is yet to contact the unmitigated supply at 2.4 price handle. On the monthly chart, price has created a bearish order flow indicating seller pushed price to the identified 12-month demand zone at 1.44 price handle. The internal structure on the monthly charts shows price struggling...

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EURUSD has broken the October 2023 low of 1.045. On the monthly chart, price is seeking to correct imbalance by pushing lower towards 1.01 price handle. On the daily chart, we have a new low indicating bearish market structure. This bearish trend could set the tone for Q1, 2025. Fed Minutes of December, 2024 further reinforce our expectations of a bearish EURUSD....

morrisgitau

On the 12 months chart, price shows an impulsive bearish move that took 6 years to complete. In tandem with price action, the bullish correction that is currently active has taken 14 years. Price is yet to contact a fresh long-term supply sitting at 1.544. On the monthly and weekly charts, the structure is still the same. Price is seeking to contact a short term...

morrisgitau

EURUSD is set to break the October 2023 low of 1.045. On the monthly chart, price is seeking to correct imbalance by pushing lower towards 1.01 price handle. On the daily chart, should price break below 1.04, we will have a new low indicating bearish market structure. This bearish trend could set the tone for EURUSD in 2025.

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On the monthly charts, we have a bullish trend that has been flipped. A change of character on the monthly chart indicates bearish orderflow setting. Currently, the dollar is gaining strength against major pairs, the Peso is no exception. The bullish resurgence of the dollar against the Peso seems to target price imbalance ranging between 21 to 24. Once these...

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Global financial markets are bracing for a possible Fed rate cut. Accordingly, forex markets have priced in the anticipated rate cut. September CPI data indicated US inflation is on course towards 2%; seems like the prevailing interest rates are working. Blackrock thinks the Fed will be cautious with a 25-bps rate cut as opposed to a 50-bps rate cut. There is...

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The Japanese Yen index (JXY) has been on a long term bearish trend. Recent intervention by the BoJ has lifted the Yen. On the weekly charts, the Yen has broken a key level indicating a shift in order flow. Price is expected to push higher to mitigate supply zones. In the short term, we expect the Yen to decline before resuming the bullish move. Consequently,...

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Finally, we have a break of structure and break of weekly swing structure. There is a possibility of a bullish correction (red0 or bearish continuation (black). We will only trade once we have a clear set up. We do favour a bullish correction before thereafter a bearish continuation.

morrisgitau Updated 

In Q2 of 2023 we saw an impulsive bearish move. Presently we have completed a bullish correction that has shifted orderflow from bullish to bearish. We have a break of key structure on the daily time frame. Presently we are awaiting a minor bullish correction targeting the FOB then resume the bearish orderflow.

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Bots vs Brains; The hidden edge of Human touch in trading A random Google search on the internet about forex trading robots reveals thousands of forex robots exist. With all these trading robots promising handsome returns in the shortest time, the forex trading industry should be minting new millionaires daily. However, statistics from forex brokers paint a sad...

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DXY has broken above a key level of supply indicating a bullish momentum is still active. Presently we have profit taking going on that will send the dollar slightly lower acros s the board before the bullish move continues.

morrisgitau Updated 

On the 4 hour chart, we have a confirmed shift in markets structure indicating a bearish momentum is setting in. The forthcoming bitcoin halving is likely to affect other crypto currencies negatively. The expectation is that as the halving date approaches we will see a lot of selling pressure across the crypto market.

morrisgitau Updated 

On the 4 hour chart we have a shift of market structure from bullish to bearish. As we await the release of NFP data, my view is a bearish continuation irrespective of the magnitude of NFP data.

morrisgitau Updated 

On the monthly and weekly charts, we have bearish price action.. After a strong bearish run in 2021, the price sought to correct previous imbalance that is about to come to an end. Presently (22.04.2024), we expect price to make one final push higher, thereafter we will be looking for reversal signs.