Out of the exhaustive list of price-influencing factors, one which seems to have credible correlation is the grain index & strength of PLN vs EUR. Based on recent increases in demand for grain one would lean towards shorting EUR.
Please note, the majority of the analysis charts I produce are experimental and should be viewed with scepticism & caution.
Good morning traders, the London session is well under way now and we have an excellent opportunity to go long on the EUR/GPB as we see the pair breakout to the upside.
In the background we see all GBP pairs falling and all EUR pairs rising in price - here's a breakdown of each pair since the start of the London session.
I will be looking for a Daily Reversal pattern to form before going long. This market is still incredibly bearish don't mistake a pull back for a reversal pattern. Unless we can get a break and retest on 1.2500 (Previous Weekly Low) instead of going long I'll be looking to go short.
1.258 Double Bottom
1.259 78.6 fib retracement
Falling wedge trade with tp: 1.71499. I see a longer term trend on the hour chart which suggests the opportunity for the pair to fall even more, I will post this is the signals group.
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Hello traders... The New Zeland Dollar continues to see heavy selling across all currency pairs as we continue through to the New York session. Fresh strength is now coming in on the Swiss Franc giving us a new opportunity to short with the NZD/CHF pair. Here's a breakdown of each pairs price movements since the start of the London open this morning:
Good morning traders. The London session is well underway this morning. Since the start of the session the USD is gaining points on all pairs whilst the opposite is true for the NZD. The combination of strength and weakness between the two currencies makes the Kiwi Dollar an excellent pair to short.
With the London open well underway, the Canadian Dollar is losing points across all pairs. This gives us a low risk opportunity to score some early pips for a quick profits if we play the CAD weakness against one of our stronger currencies.
Playing GBP weakness against the strength of the Japanese Yen for a quick turn around. 60 pip stop loss with 120 pip take profit.
This morning in the London session we have seen the British Pound continue its downtrend across all pairs:
The strength in the...
As seen I've identified Supply and Demand Zones for EURUSD
This week I'm expecting price to find resistance at one of the two
supply zones identified on the H4 before bullish price movement.
If these zones are not reached as price could reverse and fall early I will wait till it has fell back into my
Its key when using institutional Supply and...
Basic technical analysis of support and resistance. Key levels to watch where supply has flipped to demand or in other words resistance has become support.
BTCUSD has chopped through the 7888 level over the last two weeks. Historically it is not a clean cut level which makes it difficult to call an entry although that is the nature of cryptocurrencies the...
EUR CHF buy a bounce off the daily double bottom
How much not too much possible 1 FIB level maybe 2 but no more
We are definitely in a down trend here and I see nothing to change our near views on this pair
Fundamentals picking up for GBP with a falling price. This shows the intrinsic value of GBP is yet to be priced in, waiting on technical confirmations before entry.
- Candle formations
- Higher Highs
Any confirmation towards the upside.
There has been a huge positive shift in the U.K economic readings on the LogicStrategy.
I would advise to wait for candlestick confirmations and keep a keen eye on further political agenda.
Fed has shown indication of inflationary policies, meaning a depreciation in the U.S dollar is a potential. The tariffs on China are signs of a deflationary outlook, so with...