Abdul_Light

Abdul_Light

Giving last months Carney speech about Interest rates talk being halted due to Brexit talks - Needing clarity on where the country is heading before giving an overall economic out look. In terms of the Currency The Pound Sterling - Investors are mainly concerned about Brexit & Interest rates, as the bullish rally on the GBP was because the central banks said...

Abdul_Light

As I've been trading and observing the market catching some really obvious set-ups on the Euro's & Raw Reversals on the GBP. For now my eyes are fixated on CAD/JPY, seeing how the high GDP Growth on the CAD has aroused the Investors to feel extremely confident with the CAD and on top of the fact that Trump himself said there's no Trade Tariffs with Canada -...

Abdul_Light

Technical level on CAD/JPY With some nice price action signals being formed on the hourly between 88.000 & 88.250 Also these price levels are significant as they've been re-tested before as a support, now presently being re-tested as a resistance

Abdul_Light Updated 

I've given out some analysis on the AUD before, explaining how the AUD is really strong and the banks are very happy at where it's currently stationed with supply & demand zones all across the price levels 0.70-0.80 within AUD/USD - Right now AUD/USD is at a significant event area, it seems to be following the drop and reverse ratio perfectly. The price is...

Abdul_Light

Recently CAD/CHF was in a consolidation zone for quite some time, showing that there's been a moderate level of supply and demand. earlier on this year CAD/CHF Broke out of that consolidation zone, showing that the demand has no increased, with supply increasing as well, this confirms that CAD/CHF Won't be looking to drop back down to that consolidation zone,...

Abdul_Light

The JPY has been moving quite heft and strong over the past weeks with the Nikkei 225 also doing re-tests so we've got some action happening in the JPY - The USD has been manipulated heavily throughout 2017 with the USD Appreciating more than de-appreciating, but it's come to a level of exhaustion right now and we can confirm that because the market retraced at a...

Abdul_Light

Britain has been doing terrible since it's issued article 50 of the Lisbon Treaty for it to leave the European Union, from there the country has been unstable economically, but the banks were preserved with this information and that caused the GBP to recover for a bit, on Thursday we've had fundamentals released by the bank of England which confirmed Britain has...

Abdul_Light

We've had 2 leg touches on the GBP/JPY - both seemingly at the price level of 146.340 - We're still waiting for the 3rd leg touch before we get a massive rejection as there's a lot of sellers at this time on the GBP due to instability in the UK because of the Brexit - We've had some positive news today from the UK, it's had an economic growth of 0.3% but that...

Abdul_Light

With the employment change s.a in Australia being a really low value of 14k - A 1k difference from the actual forecast of 15k and previously being at 42k last month we can see the news was really negative, the results released show us significant downfall in new jobs, that will lead the AUD to be viewed as a weak currency at this current period due to the negative...

Abdul_Light

The CHF has been a really stable currency with the unemploment remaining at 3.2%, and decrease from last months 3.3% and from that we've seen significant strength on the CHF - But right now the CHF is at a peak level where we've had numerous price action rejections showing us that this market is in favour of the bears and not the bulls, we've had a clear pin bar...

Abdul_Light

NZD/USD has been down trending since January and it finally reached a significant event area which previously acted as a support with a one leg touch. The market is playing the perfect role for a retracement, we've had strong momentum outburst on the sell direction the past couple of days and that's most likely constitutions pushing the market down to catch all...