61.8 rejection and supply zone. Perfect rejection of the trend line, wicks shows bearish pressure. Let's get these pips.
Daily outlook - NZD/USD tries to reach 0.7310 The rest of the previous trading session the New Zealand Dollar expectedly spent in a gradual advance against the US Dollar, trying to reach the weekly S2 at 0.7310. At the moment, it still has not reached the target even with the help from a release of information on the US CPI. On the other hand, such...
LONG VIX SEPT FUT @12.8 TP 16-20VOLS 1. Fading risk sentiment - back of googl, msft, fb strong earnings not able to push market higher implying risk bid is over. 2. Time value - 7wks for this view to play out. I expect maturity in around 2wks but an extra 5wks of float is only positive.
With geopolitical tension rising in the Asia, the Japanese Yen benefitted from its safe haven status in the second half of May, gaining around 400 pips in one week. The Japanese large positive external balance as well as huge international investments have driven yen’s demand even further, which mark the strength at 110 against the dollar – down from May’s high...
The European currency started the month in sideways trading at around 1.09, in anticipation of the French presidential election results. With Macron’s win, fears about a possible “Frexit” disappeared and the currency moved crossed the 1.10 mark. The recent positive sentiment on the Euro is supported by the latest Euro Commitment of Traders (COT) report as well....
We might very well see a short term long opportunity towards 112.36 area before the sellers come in.
The British Pound has rallied around 500 pips since Theresa May made the announcement for a snap general election. At the time of the announcement, polls were showing that the Conservative Party had a 19% lead over the Labour Party and this was a pound positive as the UK prepared for Brexit negotiations. However, just over a month later, things are not looking as...
A bullish breakout just occurred on the GBPCAD 60min.
In the last days and weeks overall fear indicators showing that bets and fears on a shortime drop of global stockmarkets had been rising dramatically. The main reasons - and all are geopolitics: - Trumps tradewars on China, NAFTA, Europe - Geopolitical tensions on Syria, North Korea, Russia - Upcomming First round of election in France What traders missed:...
A long opportunity is emerging on the CADCHF 60min. Wait for confirmation form indicators
Hello dear traders & welcome back to Growing Forex Try creating pockets. Micro news to follow today which will change the outcome of EUR/USD. 1.ADP employment change. 2.Unit labour cost 3.Non-farm productivity. 4.10 years note auction. Euro poised against the Dollar after gaining momentum previously & lost its shore today. A possible recovery from 1.0560 levels...
After a major surge upwards while closing on the previous ATH, #DAX might be looking to start a major pullback to gather liquidity for a bigger move up for new ATHs. A lot of shorts getting stopped out every day and there are still no signs of retail going bullish. Because of that we might be looking at another stop run before institutionals start taking profit...
I have a bullish view for the yen pairs coming week, mainly because Wednesday and Thursday candles from last week are very bullish. The retracement on Friday is an expected correction. With such bullish sentiment, it's likely to continue moving up. I'll post trading idea's below when I see the market movements on Monday. Good trading all and let me know what you think!
Bullish sentiment based on price action. This is completely backwards when taking in to account exceeded expectations of JPY consumer confidence and a miss on AUD retail sales. Entry is over resistance on 15min and hourly chart. 1/2 position entry due to discrepancies in trend and news. will look to enter 2nd position around 86.00 once bullish trend is confirmed.
Just putting this here for future reference!
This pair no seems to have broken a key area 0.72200 and price has held firmly above it , closing the day with a big bullish candle. My bias for now midterm is bullish , as I believe we may see price hit at least 0.73700. However as we have NFP out on the 06/01/17 we may see a possible re-test of 0.72200 which is just slightly under 90 pips or so from where we are...