The pair is currently in downward correction and it expected that it respects the trend, which will mean a continuation upwards. Once the above is fulfilled, we will enter into a long buy for almost a month or more. This is not trade call but purely trade idea and as such risk management should be ensured.
We wait to see if the week drop in the NZDJPY will continue or theer will be a reversal. The JPY is expected gain strength which will see further drop of the pair before returning to the top. Let us see how this plays out as we enter week. This are my thoughts and not trade calls or signal. Proper risk management is encouraged.
The US Dollar has seen significant strength in the week past. We wait to see if this momentum can be sustain as the market opens. The EURUSD is expected to drop further to 1.11075 before picking up as the week progresses. These are trading ideas and as such risk management should be ensured.
As we head towards the weekend, GJ is expected to gain strength and move above its current position. It is expected go long before we enter the weekend. This is a trade ideas and so proper risk management should be ensured.
Per the analysis short is expected on the above pair. Risk reward sitting close to 1:6. We wait to see how it will play out. Disclaimer This is trade idea and proper risk management should be adhered to.
EUR/USD currently in correction . Let us see how it will play out. It is expected that it continue its downward trend.