pipsfactoryltd

pipsfactoryltd Sep 24, 2021

The USD/JPY pair has been trading sideway since July H4 chart. I expect it to maintain the status quo. A fall is eminent as price is at selling zone

pipsfactoryltd Sep 20, 2021

GBPJPY now set to rally after testing August low. overall trend sentiment is bullish

pipsfactoryltd Sep 20, 2021

US Dollar may struggle to preserve bullish momentum. On the chart is H&S chart pattern, signifying price reversal.

pipsfactoryltd Sep 13, 2021

Euraud overall trend is bullish. I am expecting price to visit March low where it will find support. This will give more confirmation to go long on EURAUD.

pipsfactoryltd Sep 12, 2021

The greenback strengthened late last Friday, amid higher US yields and some risk aversion. The US 10-yield rose to 1.35%. Economic data from the US showed higher than expected PPI inflation in August. Consider buying the dollar because it would strengthened further this week. Noticed DXY broke the counter trendline and it would advance to 93.16 resistance.

pipsfactoryltd Sep 11, 2021

GBPUSD tested 1.3880 handle and got rejected twice by strong selling pressure thus, forming a double top chart pattern. The market is in a strong selling pressure to test four hours support (1.3730). The break of 1.3730 support would cause price to plummet to test 1.3600 psychological level which is four hours demand zone.

pipsfactoryltd Sep 11, 2021

NZD/USD has approached the descending trendline that has been in place for sometime. As we are expecting NZD weakness, it would push NZDUSD down

pipsfactoryltd Sep 7, 2021

Two weeks ago we milked cadjpy hardly. here is another opportunity to sell

pipsfactoryltd Sep 7, 2021

AUDJPY could be in a bigger weekly correction where we may another move down. Also I am anticipating JPY strength which could make this pair move in my favour.

pipsfactoryltd Sep 7, 2021

Consider sell aussie (AUD/USD) when price breaks 0.7410

pipsfactoryltd Aug 29, 2021

Price is approaching major descending trendline, where we will be looking for bearish price-action.

pipsfactoryltd Aug 29, 2021

EUR/JPY is within a parallel descending channel and price as approached the channel resistance. JPY strength would help push EUR/JPY down.

pipsfactoryltd Aug 28, 2021

Gold is at a critical zone although, I am expecting a drop if price is rejected.

pipsfactoryltd Aug 28, 2021

We went long on USD/CAD and took 87pips profit before price dropped on last Friday during the American session. The broad-based USD weakness following FOMC chairman Jerome Powell's speech at the Jackson Hole Economic Symposium was the reason USD/CAD dropped to find support (our previous entry). Entry, stoploss and take profit will be posted on premium channel.

pipsfactoryltd Aug 25, 2021

AUD/JPY is trading in downtrend, and it has created series of lower high and lower low. price is expected to continue its trend. consider taking a short position.

pipsfactoryltd Aug 25, 2021

In my previous AUDUSD post I mentioned that I expect AUDUSD to retrace to 50%-61.8% fib. level. audusd is expected to resume Its bearish moves.

pipsfactoryltd Aug 24, 2021

The usdcad pair plummeted to a fresh weekly low during the American trading hours on Tuesday. The pair is expected to rally after a successful test of 1.2573 support.

pipsfactoryltd Aug 22, 2021

NZD/USD could face some additional pressures in the open on Monday as news circulates over the prospects of a worsening wave of coronavirus. On Friday, NZD/USD closed at 0.6830 and up by some 0.1% as the US dollar gave back some ground with a rise in risk appetite on Wall Street. We will take a long position when price gets to us. Entry, stoploss and target...