This week one of ECB's executive board members said the CB will "frontload" its asset purchases in May and June due to reduced liquidity in the summer months. The European Central Bank purchase program contains a monthly average of 60 billion euros. The Euro reacted in a sell off. I think it will continue to sell off. The FED consider a rate hike probably to come...
Background: This pair shows a nice uptrend and we currently came to an halt at a very important key level @185 ,which is the 50% retracement level of the downmove from 2007-2009, price reacted at this level but we didnt rejected it , ie. price is holding its gains thus far and forming a range, where the resistance is @185 and support is a former broken...
Background: Price found enough demand to halt its current downmove @1.46300 where the current minor rally broke the (red) supplyline indicating that demand outweight supply at this moment , the rally stopped near the current high @1.5552 which can bee seen as current resistance which needs to be overcome in order to speak for returning strenght to the market ,...
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I'M ALREADY IN A SHORT POSITION BUT IF PRICE RETRACES UP TO MY SELL ZONE I WILL LOOK AT PRICE ACTION TO ADD IN ANOTHER POSITION AND TARGET 0.75000. I STRONGLY BELIEVE WE CAN GET TO THERE IN THE SHORT TERM BECAUSE THE LABOUR MARKET IN THE U.S KEEPS COMING OUT GOOD WHICH WILL HAVE INVESTORS/TRADERS SPECULATING A RATE HIKE AS EARLY AS JULY. ON TOP OF THAT AUD...
CAD/JPY has been in a dominant bearish trend since December 2014 as the breakdown in the Canadian Dollar, largely influenced by the crash of oil prices, has crippled the currency. January 2015 resulted in an absolutely massive bearish engulfing bar on CAD/JPY, February offered us a nice bullish pullback, and now we have the continuation pattern in play. We have...
I am confident that nzdusd will be down , because of it was trying to break resistance from the past two weeks but it failed every time , so hoping that it will go down this time , may be today or tomorrow on NFP ...
This pair is creating too much confusion , some time for UP and then some time for down , it is currently in little bullish mood , so do not take sell in any point , if you are looking for selling then i will suggest you take sell from high resistance ...
DOUBLE TOP FORMING. PRICE BOUNCED OFF IMPORTANT STRUCTURE LEVEL FORMING A PINBAR WHICH IS IN CONFLUENCE WITH 50 AND 61.8 LEVEL WHICH IS ALSO IN LINE WITH THE TRENDLINE
EURUSD went down after long wait , and we are expecting that this pair will remain in selling until our TWO resistance levels not break ,,, and Monthly support levels are just 450 pips away ... so eurusd could be touch these levels ...
So very good opportunities are coming in gold , we can take advantage from this by very low risk and small lot sizes ... and our stop levels will be 1240.00 ...
Rally is going to start tomorrow. Loyds is dropping from 76.70 to 75.00. What do you think? Happy trading
Price retraced back into important structure level. expecting selling pressure here. RBA gov stevens is speaking later and if hes dovish we should easily come down to atleast the swing low.
I think, GBP/USD Pair Possible to create bearish abcd pattern in 1.53467. If price is retrace in this point, its create chance to take short position. Which is profit target at least 1.52650. Keep eyes on this point. Hope for the best.