GBPUSD bias. It would be risky going long right away when the price reaches 1.48200. But if the price slows down stops makes a kind of a reversal pattern then the bias would turn additionally probable. ATTENTION The FED has declared that they will hike or not hike interest rates according to further economic data therefore tomorrows (and beyond) economic data,...
AUDUSD Bias At the turning point 1. If A double bottom with a bullish divergence forms. When going up 2. If the eurusd isn't falling while audusd is rising. The eurusd and audusd pullback's trends is still going strong and have proved themselves many times. Before shorting I'll look for this trend to be broken but for now it's still on. I rather loosing one or...
NZD had a chance to rally against the usd and jpy it didn't take it so now it is going down in my opinion. Harmonic moves + resistance tells me how far it is likely to go.
SPX500 Today the chart looks like it is about to have another short-term rally. Bias confidence - 85% My experience in stocks (0-10) = 6.5
GBP/JPY To continue it's pull back as EUR/USD pull's back. Idea Idea's confidence ~ 70% Bias confidence - 80%
Tremendous event risk ! ! ! 10:00 (UTC) EU CPI + ZEW Survey-Economic Sentiment (Mar) + Employment Change (YoY) (Q4) www.forextime.com
Tremendous event risk ! ! ! 10:00 (UTC) EU CPI + ZEW Survey-Economic Sentiment (Mar) + Employment Change (YoY) (Q4) www.forextime.com
We have a lot of event risk in the coming days, IT WILL influence the price, Esspecially the FOMC meeting.
Canadian dollar strength most likely from the unexpected rally on oil as they are correlated with each other. bias is still bullish, we've got a nice pullback to get in with the uptrend. Will be look closely at price action i.e Hammer,bullish engulfing pattern, doji,morning star if price gets to the 0.618 fib level which is also in confluence with some structure...
I've formed a new bias on eur/usd - in my opinion it's likely eur/usd is going to retrace after all it has been plummeting since 2014-05-08 and we are also a at a pretty big resistance level (to see that you can squeeze this chart or take a look at the weekly), we now how a possible double bottom with bullish divergence, massive one. So now may be the time...
Everything can be seen or read on the CHART.
NZD/USD has been in an uptrend since 2013-08-30, it's last move up is looking exhausted, and has been moving down in the direction of trend-line-resistance and previous structure-resistance for a few days. I think that it's likely to retest the trend. I have a shorting bias on this pair - NZD/USD, and i think that i will continue to have it for about a week,...