HaiPhamFX

HaiPhamFX Updated 

Why should we enter long on USD/JPY? Fundamentals: - The Fed will likely continue hawkish following U.S. economic strength - The Bank of Japan will remain dovish due to low inflation data (0.7% in May, far below the 2% target) Buy USD/JPY 109.90 SL: 109.40 Target 1: 110.60 Target 2: 111.30 Follow me to get more signals and analysis

HaiPhamFX

Trading Perspective on The US Dollar (June 3 – June 9): Bullish Fundamental Forecast for The USD: Bullish The Greenback got a week full of good news. U.S. economic indicators coming in so positively, notably Unemployment Rate falling to an 18-year low of 3.8% coupled with Nonfarm payrolls beating economists’ expectations (223,000 versus 188,000) continued to...

HaiPhamFX Updated 

Trading Perspective on The US Dollar (May 27 – June 2): Stand Aside Fundamental Forecast for The USD: Bullish Next week brings a series of important economic data releases out of the US. Most of them are expected to support the Fed’s rate hike path in 2018: Q1’18 Gross Domestic Product is forecasted to remain at 2.3%, Unemployment Rate is anticipated to remain...

HaiPhamFX Updated 

Sell ETH/USD around 575.0-580.0 Target 1: 505.0 Target 2: 380.0 Stop loss: somewhere just above 625.0

HaiPhamFX Updated 

Bitcoin bulls continued to dominate. The 9,156.4 level - now recast as support - plays an important role given a retracement to get there. The next resistance area is defined around 11,706 (Feb 20 peak, Mar 5 high). We watch for pullback setups to enter long. Alternatively, a breakout failure may re-target the support threshold at 7,820.1.

HaiPhamFX Updated 

Wednesday this week witnessed the WTI Crude Oil make a new 41-month high at 68.88 after rebounding from the significant resistance area around 66.57 (Jan 25 peak, Mar 26 high). From a broader perspective, bullish momentum remained quite robust when the 66.57 barrier was broken to the upside as well as when prices traded off this level to 68.88. Coupled with the...

HaiPhamFX Updated 

BTC/USD is testing the significant resistance zone around 9156.4. We expect a breakout success above this zone in the near future. Looking for a pullback setup.