The fundamentals are still bearish at the moment, thanks to global oversupply. The weakness in WTI is caused by the moderately declining U.S. production, increase in the output of OPEC and the return of Iran to the world stage, as sanctions were lifted. The fears of further oil decline are further overlined by the decision of Saudi Arabia and Kuwait to restart...
AUDJPY has finally broken out of a two week triangle, lifting above 85.880 and is signaling further gains to initial target of 86.420 & 86.700 & finally 87.840. Intraday dips should attract buyers, only a move below the lower triangle trendline will the breakout be considered a failure. Our algorithm is putting the odds of hitting price targets at 62% over the...
On weekly chart a Triple Cycle has been completed. This is why it is preferred to look for long opportunities in the mid-short term. There is a trend line from the bottom. If the pair reaches it and creates divergence near it we can try a long position. Target 1: 86.00 Target 2: 86.80 Stop Loss: 10 pips below the trend line support area.
Clean Buy signal provided by fibonacci retracements + support/resistance.
A nice correlation trade between GBPJPY and USDJPY is forming. The two pairs are currently trading with a spread of 550 Pips, the widest spread since the end of January. Our algorithm is giving a 79% chance of GBPJPY coming in and a 74% chance of USDJPY rising. With that said we will be going Short GBPJPY at market and Long USDJPY at market. NO STOP will be...
If we see a close above the trend line I feel we coudl see a break to the upside. Good solid support in place
Structure Base Trade Guyz With Structure support Double Bottom. we could see the market to retest the previous support now resistance
EURAUD H1 after a bullish convergence completed a nice 5 wave retrace back to support zone. Buy market aiming resistance level @ 1.5173 SL below support 1.4680
Go long the FTR if it trades at 5.41 or higher. If triggered, place your stop at 4.96 and exit the position for a profit at 5.75 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.udemy.com
Go long the VLE if it trades at 3.96 or higher. If triggered, place your stop at 3.57 and exit the position for a profit at 4.24 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.udemy.com
Upside to stay in focus following recovery from the 1.08260 low last week though strong resistance at the 1.10460 and 1.10680 area keeping gains in check for now. Clearance needed of the latter to trigger stronger recovery to retrace recent steep drop from the 1.13760 high. Support now at 1.09400 then the 1.09000 level. Here at Unique Forex we pride ourselves...
This pair is threatening further downside pressure as it ended last week giving back all the gain from the previous week. Sitting on a short-term uptrend line as the RSI and Awesome Oscillator diverge from the pairs uptrend over the past 5 weeks. A break of support at 0.77000 leaves room to run down to 0.76000 - 0.75500. We will be giving price action some room...
Go long the NMBL if it trades at 8.23 or higher. If triggered, place your stop at 6.61 and exit the position for a profit at 9.12 or at your own discretion. (Signals are valid for today only. Always invest wisely). Learn the rules of this strategy at: www.youtube.com
GBP under tension because of the Brexit (that's it) Cyclically strong. Historical GBPUSD average at 1.6000 www.rbnz.govt.nz
A potential buy position from the emerging cypher completion at D (0.5123) area with two profit targets. Potential 92 PIPS in the apple!
Saw a spike to 111.04 low ahead of rebound to regain 112.00 level. The long lower wick suggest recent decline is stalling and a correction to retrace the recent sharp selloff from the 114.87 high now in focus. Lift over 112.310 will see stronger recovery to 112.80 then 113.38 to 113.60 area. Here at Unique Forex we combine our team's 40+ years of trading...
The ratio of long to short positions in the USDJPY stands at 2.22 as 69% of traders are long according to a survey of retail traders at several brokers. Yesterday the ratio was 2.21; 69% of open positions were long. Long positions are 4.3% higher than yesterday and 5.8% above levels seen last week. We use these statistics as a contrarian indicator to price...