Gold hits a 4-Week high as the U.S. Inflation report shocks the market participants hereby confirming a 41-year high which suggests that the Federal Reserve could get more aggressive with rate hikes in the nearest future hence a potential clamour for a haven in the yellow metal appears to be increasing as we head into the new week. So, In this video, I have...
With a reversal pattern in the form of an inverse head and shoulder on the 1H time frame; I am of the opinion that bullish momentum might be lining up as we head into the end of the week. So, this video explains how I intend to take advantage of the bullish move if it finally happens! Risk Disclaimer: Margin trading in the foreign exchange market (including...
There is wide speculation that the Swiss National Bank (SNB) could wait to raise interest rates until September and if this comes out to be true; this could hamper the CHF’s appreciation. Sellers' inability to push price below the 1.02400 area in the last couple of weeks is a signal emphasising the buyer's strength at this juncture in the market. Hence, I shall be...
With a simple downtrend continuation pattern identified on the 1 H time frame after connecting the series of lower highs; I am looking forward to taking advantage of a potential bearish momentum going into the New York session. Let's see what happens as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including...
Despite the general expectation of a break under April’s 1.009 lows in the nearest future; I am of the opinion that a bullish bias from this juncture in the market is also a possibility if a breakout/retest of the key level at 1.03400 happens in the new week. So, this video explains in detail what approach I shall adopt to take advantage of any potential impulse...
The GBP/JPY pair witnessed selling pressure around 160 area in the last one week as profit-booking happens. From a technical perspective, I am of the opinion that there are two possible scenarios lining up for us going into the new week as a breakout/retest of either the resistance or support trendline identified on the 4H time frame could send the price in the...
It is going to be a busy week as eyes remain fixed on Non-farm payroll. Traders will also pay close attention to the ISM manufacturing report on Wednesday and the Conference Board consumer confidence reading on Tuesday which is expected to show a significant deceleration. The main economic release on Friday will be important to see if hiring remains strong. The...
After price action has hit our stop loss at 0.63350 where we locked in around 54 pips profit. Considering the long term bearish momentum on this pair (see the daily time frame for reference purposes or previous broadcast in the link below); The current consolidation phase (that has lasted over 24 hours) on the 1-hour time frame is looking more like a reversal...
This is a follow up detail on the publication I made on this pair during the weekend. So, with the current structure projecting multiple rejection by buyers right above our key level at 137; I think it is most appropriate that we start preparing to take on a potential bullish move so we do not get caught unawares when it finally happens. Risk Disclaimer: Margin...
With over 180 pips profit (3 positions) since the last publication of this pair (see link below for reference purposes); An ambiguous scenario we have here as participants appear to have fallen into an indecision phase right under the 1.259 area (which is serving as our key level at this juncture in the market) - forming a pennant (trend continuation) structure....
Considering the long-term bearish momentum on the GBPUSD and the supply zone identified around 1.259; I am of the opinion that we might be bearish in the meantime unless a break above the supply zone happens. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all...
A follow-up detail on the EURAUD that was published sometime last week (see link below for reference purposes) where unfortunately price hit our stop loss as the bullish momentum we were expecting didn't show up. The Euro continues to rise against the Aussie inside the 4H timeframe which is evident with a visual representation of a bullish trendline. In the coming...
A follow-up detail on the EURJPY that was published earlier today (see link below for reference purposes) where we expected the price to come down into the key level area at 137 area. At current structure is supporting a reversal pattern right above this key level where we want to be looking for an opportunity to buy the Euro. Risk Disclaimer: Margin trading in...
With the identification of a reversal structure on the daily time frame coupled with a linear bullish momentum on the 4H time; I am left with no choice but to consider a bullish expectation on the GBPNZD. In this regard, the key level at 1.93 shall be our guide to taking a buy position as we look forward to a breakout/retest of this level for signal and...
Bullish momentum appears to build up in the background as structure reveals a confluence of bullish trendline and key level around $0.74250 where we shall be looking forward to taking advantage of this bullish momentum right above this key level. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a...