Hey traders, in today's trading session i'm are monitoring USDJPY for a selling opportunity around 130.087 zone, once I will receive any bearish confirmation the trade will be executed.
The NZD/USD has been on an uptrend since mid-October. However, this rally may be on a temporary halt as the pair hits the upper trend line on its downward channel, as shown below in the daily timeframe chart. For now, the long-term downtrend, since the start of the year, is still intact and could signal a possible reversal for the short-term rally for the New...
Huge, unexpected moves occurred across several markets after the US inflation report for October was released last Thursday. For those that missed the news, US inflation came in softer-than-expected at 7.7% (vs. 8.0% expected, and down from 8.2% in the previous month) suggesting that the US Federal Reserve's policy tightening has started to work its magic, and...
So many factors are affecting the currency markets right now that it can be hard to get your head around them all.
Activity is definitely centered on the US. Last week, we had the US Federal Reserve’s interest rate decision and US Non Farm Payrolls which is still lingering in the minds of traders. The latter jobs data is pointing to a slowdown in the Us...
It's now official; the US Federal Reserve has enacted its fourth consecutive 75-basis-points rate hike, bringing its benchmark rate to the 3.75% - 4.00% range, which is the highest it has been since January of 2008.
The markets reacted quite mildly to the rate hike at first, due to it aligning with exactly what the market was expecting for the past few weeks....
Indicators:
200EMA
Bollinger bands
RSI
Trade conviction:
RSI Daily TF strength is declining
Dear traders, I have identified chart levels based on my analysis,
major support & resistance levels. Information shared by me here for educational
purpose only. Please don’t trust me or anyone for trading/investment
purpose as it may lead to financial losses. Focus on...
By the close of last week's trading session, the top 3 worst performing currency pairs came out to be the USD/PKR (-4.91%), NZD/USD (-2.61%), and USD/SEK (-2.04%).
To help determine the direction that these pairs will take this week, we will use the Hacolt Indicator (Vervoort Heiken-Ashi Longterm Candlestick Oscillator). Will the pairs continue to slide, or are...
Good morning everyone,
DYX has been pulling back, sending both EUR/USD and GBP/USD to multi week highs.
Under this backdrop, the trendline that's been holding since February 4th 2022 is on the cards over the next days. Let the price consolidate around the levels it is right now and if some corrective pattern (bear flag, parallel channel) develops between @108,5...
Good morning everyone,
Watch short term downside after reversal pattern started developing and fundamental backdrop is supportive of potential yen strength from - Bank of Japan just released a note saying the weakening of the yen as a result of its yield curve control policy is not desired . This could mean the target for rates could be lifted, thus lifting the...
USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter...
At August’s close, the USD can be said to have performed exceedingly well against its trading partners. The DXY climbed 3.2% over the month. Now it heads into a very important Non Farm Payrolls result, and investors will be looking for clues as to the USD’s next move.
The Non Farm Payroll data for August is released on September 2, 2022, and is perhaps more...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
EUR is slowly gaining momentum against USD, after ECB raises borrowing cost, although the terminal rate of the currency remains unchanged and the risk for the Italian bond due to the political situation in the country.
On the other hand, USD is giving up to the EUR due to the decline of treasury yields after some concerning data regarding factory activity and...
FX:USDCAD
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
