Technical Analysis:
Potential Double Bottom located. RSI oversold on 4 hour. Mac D oversold as well. Although we have a strong bullish candle, momentum color change hasn't kicked in yet on Mac D. Only looking for a retracement. Not a home run. I would like to see price reach 61.80% of the previous high. Let's see what happens!
Fundamental Analysis:
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Looking at the DXY, it looks ready for a retracement. I wanted to find a pair that looked good and that was near a high. USDJPY looks like a double top on the 1 hour time frame. For those following we previously entered the USDZAR last night and although it didn't reach the 38% target, it got close and we closed out in profit. With the BBB bill not being passed,...
A little late posting this to be honest. However, I think this is still a good move. Double bottom on this timeframe, Mac D losing momentum on the recent pullback. Looking for 50% of the previous high for a retracement target. I'm seeing that ZAR has a stronger interest rates but I want to see if or why the USD will be or is stronger than the ZAR regardless of...
I will bet on the USD vs the PESO any day of the week. Especially when those interest rates hike! This is honestly more of an economical trade for the long term. Ill exit at the targets. Previous high was broken and we are transitioning to the top side of the MACD on the 1 hour timeframe. When interest rates hike, the dollar gets stronger. Not advice. But I like...
We took this amazing trade on Thursday and it was predicted earlier you can check the previous video before this it will give you more insight
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Price has reached a key area on a strong trendline, where price has show depletion in the form of several doji candles on the daily. Japan also had a 7.0 earthquake today which usually results in a stronger Yen (www.theguardian.com this is a good read) Definitely looking for shorts.
Looking for a short and long term buy on AUDNZD with target 1 being approximately 1.045 with a tight 20-30 pip stop from the current price and target 2 being 1.08 area with wider stop (smaller positions advised for this one, payout will be larger anyway). Rejection of rising trend and previous lows.
