Another exotic pair, exercise careful actions when trading these pairs. Anyway - Clearly the bias is a sell. The price reacted well off of the POI and is now creating structure, with a liquidity grab having been made to the upside. As evidenced by the 1m chart, the price is looking to break structure so you could get ready to look for the order block. An order...
OANDA:USDCNH The ascending channel is broken and the pullback is also done. I expect the price to drop to the specified areas. what's your opinion?
With the looming BRICS news I have turned my eyes to the Yuan/ dollar pair to ride the short for the exit of the Petro dollar. THIS IS A Q2 SWING MOVE This will not be a linear drop FYI! Very very choppy as US will attempt to pull out all the stops to avoid the collapse of the Dollar safe haven. Top Down Analysis: Using the Monthly I plotted out the High...
The USDCNH exchange rate has fallen, potentially creating opportunities for profitable investments. However, there are concerns about potential military conflicts in the region, such as between China and Japan, which could impact financial markets. Some technical analysis shows a positive trend, although there may be some delays in achieving target profits. It's...
Things you should not bet against and one major of them is commodity currencies. I have done research based on sentiments and everyone is looking for a crisis out of china to be break its market, especially in the housing market. This is my personal view based on a group of commodity currencies a reversal in all of them in almost certain. Will this push for a...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Tomorrow morning the USD will see massive movement off job numbers dropping. Personally I am short on USD. Long on GBP and CAD against USD. CNH has seen 200 ema cross over 50 ema so we will see the movement down. Price has also came to retracement on 4hr time period. BIG Ws. Stay tuned will be updating tmr when news drop 8:30am EST New York session
Even though we held on to a 400pips move in our direction since my last publication on this pair; a sudden breakdown of Channel and Trendline coupled with the appearance of a Head & Shoulder pattern (see previous publication in the link below for reference purposes) insinuates a bearish momentum is imminent. Further consolidation amidst a mixed outlook remains the...
D1 CHART. W/ PARALLEL CHANNEL TREND If you find my analysis useful, you can support it by liking and commenting.
Hi Guys, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis video. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover my next analysis. Also let me know your thought in the comment section what you...
This has been plummeting for the best part of a year. It recently broke another support and is now retesting it as resistance. If we see MACD turn lower and EMA's do not cross higher then this should continue down to the next supports. Keep in mind this has been oversold on RSI since September so don't be too overconfident as there is always the chance of a...
Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of...