Knowledge_Fx

Knowledge_Fx

USDJPY has being ranging for quite bit.Price is at a tricky place at the moment on the charts.No movement was observed today on the pair after the release of PPI(Producer price index) today. Sentiment on this pair is bearish as investors/traders are still on the risk-on/risk-off scenario and because of concerns around omnicron variant.As little is still known...

Knowledge_Fx

Big week ahead for this pair with investors awaiting news . Sentiment on this pair is bearish with concerns around Omnicron Variant and the gov't response as to whether Money supply will increase in the form of Covid relieve or more lockdowns will be announced. Potential catalyst which would likely reversed the bearish sentiment is to be expected on thursday with...

Knowledge_Fx

From its report on Financial Stability report, the governor of the reserve bank of new zealand was clear on the following points: 1- less stimulus meaning consumers,cooperations,investors will no longer be receiving money from the goverment but from aother source banks 2- Banks have enough capital 3 - Strong levels of economic activty. With these three points...

Knowledge_Fx

For the coming week i will be looking for a short position on this pair. It has the potential to fall. One can clearly see the bearish head and shoulder pattern formed. Wiill be looking for any fundamental catalyst to confirm this beautiful set up

Knowledge_Fx

New Zealand is on lock down for atleast 2 weeks.This delays the economic recovery Because of little to no economic activty. My bias :look for shorts. With GBP's inflation numbers coming out tomorrow,we might have a different scenario.

Knowledge_Fx

Falling market since the end of last year. the last few days,we were in the correction phase.(rising channel) The key level drawed out by the pruple rejected . Technically this is a classic trend continuation trade but Fundamentally inflation numbers for GBP will be out in the morning(to those who live in Europe/uk) If inflation is higher than 3% i will be...

Knowledge_Fx

GBPJPY

Knowledge_Fx

Reversal on alert. Waiting for confirmation of exhaustion of the retrancement

Knowledge_Fx

Double top, price then dropped.Price currently retesting 1.8347 area. My Bias is short but will patiently waiting for market to ACT before i REACT.

Knowledge_Fx

Here the market is forming a new structure. I have market my key level waiting to see what happens there and depending on what the market shows i will get in

Knowledge_Fx

Market moving into position for me. Looking for continuation here. One hour chart : Flag formation

Knowledge_Fx

Key level tested. Rejection. Formation of a flag on the 4H time frame. Waiting for breakout cofnirmation and other conditions/opportunities to develop and go short.

Knowledge_Fx

In thr Structure lies all the clues

Knowledge_Fx

Watch out for 1.33762 level. If not Broken, we have a doulbe top,possible reversal .

Knowledge_Fx

My Bias here is a Short Following Market structure, we are clearly moving to the downside. Series of lower lows and low highs being formed. I am waiting for an indication at the market level, for a formation of lower high, lower than the previous lower high would be optimal.

Knowledge_Fx

-- Looking for sell positions --

Knowledge_Fx

Waiitng for a third touch and a confirmation of a bearish pressure.

Knowledge_Fx

Descending channel. Decide your own entry position