DanHector

DanHector

The USD/JPY has been in a downtrend over the past weeks. Price has been consolidated between my Daily support and Resistance lines which I have highlighted in blue. With the release of US Non Farm Payrolls we saw the dollar weaken. The bearish candlestick suggests that the consolidation stage is over having broken through my daily support, showing more selling...

DanHector

The USD/JPY has been in a downtrend over the last few weeks. Price consolidated between my daily support and resistance lines which I have highlighted in blue. With the release of US Non Farm Payroll on Friday we saw the dollar weaken more. Having broken through my daily support the bearish candlestick suggests strong selling power and that consolidation is over....

DanHector

The GBP/USD is currently on an uptrend, as highlighted on the chart we can see higher highs and higher lows since March. Having bought up to the resistance at 1.29934 we saw a slight retracement. This suggest that it's building a bullish momentum having rejected lower levels, with the potential to break through the resistance at 1.29934 and rise to 1.34545 where...

DanHector

USD/JPY has had a bearish tone for the last week now. If you look in the H4 it will show you that neither currency is dominating. So I have highlighted key areas in which to get into the market in. Around 110.400 there is a support, if it struggles to beat this support this will be a great time to enter the market and trigger me to buy. Having said that there is...

DanHector

The GBP/USD has been on a uptrend ever since last week. The beginning of this week has sparked a bearish tone. With USD fed chair Janet Yellen speaking yesterday this gave the USD the upperhand over the pound. I believe that the GBP/USD will go short until it hits the support in around 1.22534 which will be a perfect time to go long and could potentially hit the...

DanHector

The USD/JPY has been performing lower lows and lower highs, off this observation I know that this has gone into a bearish trend. Having broken a support at 111.607 this will act as the new resistance which would be a great time to enter the market. With 2 other fundamental news to be released USD fed chair Janet Yellen will speak on Tuesday which I believe will...