Midaz_Investments

Midaz_Investments

OANDA:EURUSD Last week our call for shorting this pair was right. EUR fell due to ECB bond buying programme & the initial strength of the dollar beginning of last week. Bad data figures on productions last week will backed This week GDP data to release be on Friday to be ''Bad'' ''Short term'' buying opportunities if 12SMA crosses above the 26SMA, exit trade...

Midaz_Investments

TVC:DXY 1) Overly extended candle on the last hour before market closure 2) Strong immediate support nearing 3) Price levels make play above the 50% Fibo mark 4) Overall Strength of dollar is Good Markets are still focused on reopening hopes despite disturbances seen this week in the form of US-China trade concerns and poor economic readings. Further assessment...

Midaz_Investments

TVC:USOIL What if US gathered enough evidence that the virus was indeed produce from the Wuhan lab? With trade wars ongoing, china will devalue its currency to counter US tariff What can Donald trump do? Well china is world largest importer of petroleum, with reverses of 1.5% of the world oil, which able china to last for another 5.4years based on their...

Midaz_Investments

OANDA:EURGBP Our call on shorting this pair earlier this week was right. The pair fall harder and faster than expected due to EU QE program to bond buying. The pair is reaching strong support zone, with UK lockdown period likely to extend since death toll surge. RSI nearing oversold conditions, Stochastic crossover soon, ATR nearing peak. We see buying...

Midaz_Investments

CURRENCYCOM:US500 The ''W'' Shape has currently formed at the peak of the centre . Last Friday we can see that prices have turned , continuous rally has ended. We foresee a pullback to the lows before recovery Fundamentally, Companies are in Receiving Fiscal Aids, with new investors buying up the stocks, in view of 2008 opportunistic moments. But when the...

Midaz_Investments

OANDA:USDCAD Price should find double strong resistance ahead, Probability of a pullback is high. In any case of a break-thru= temporary bullish call short term. CAD due to oil crisis has devalued tremendously , we see a correction in months to come once oil prices starts stabilizing, As USD have to devaluate to boost export demand once economy fully re-opened.

Midaz_Investments

OANDA:EURJPY We can see strong rejections at the 38.2 Fibo resistance zone. Likely the price will pullback near 116 price. In case of price breakout the 38.2 zone, we will place a strong bullish call to target 61.8 Fibo area

Midaz_Investments

OANDA:AUDUSD Bollinger band on daily chart, 20sma support zone = Buy With stop loss of ATR. Be patient, wait for the price to come to you, and make sure fundamentals during the week doesn't change the course, or be flexible and wait out for time being.

Midaz_Investments

OANDA:EURNZD

Midaz_Investments

OANDA:EURGBP 1.Stochastic above 80 mark, wait for the crossover 2.RSI nearing oversold conditions, wait for it to go above 75. 3.ATR near recent peaks, signs of pullback can be seen, which means slowing down on current trend and possible reversal. overall , we would like to trading within the channel zone for the time being. Both Currency has no reason to get...

Midaz_Investments

OANDA:AUDJPY Next week Japan's monetary policy meeting, we forecast a slight tightening measure in near term. AUDJPY has rallied to fibo 61.8 , recovering from the huge fall. The recovery was mainly due to the difference in interest rates, 0.25 v -0.1 . On technical view, the trend lines are very much in danger, further decline would result to invalid uptrend...

Midaz_Investments

OANDA:EURUSD Pairs currently show slight rejection in the strong resistance area, we would deem greater possibility of a pullback. current uptrend is not strong , as we can see the lows was not higher than previous lows in the daily chart. Next week, Economic growth forecast and retail sales figures are prominent highlights on the impact of the virus in Europe,...

Midaz_Investments

OANDA:GBPUSD 1. We spotted a lower peak = bearish 2. RSI is bearish 3. Uptrend line provide immediate support , we would have to see if price bounce from here or breakthru 4. 11 may UK-EU trade negotiations on fishing zone would resume, furious spark of uncertainty will present itself, as we know that UK currently would not give way on this. 5. Next week...

Midaz_Investments

TVC:USOIL Recap on what happen last week, Oil retrace back to $10 low before recovering to top near $20 mark. We can see exponential MA and strong resistance area at this current price point. Bullish anticipation of reopening on the economy in the US have backed bullish sentiments. Our analysis is that currently there are no specific date of the reopening of the...

Midaz_Investments

OANDA:EURCHF Long term down trend line. Sort of double top formed, with volume of 2nd top lower than 1st top. Price is at neckline. Direction targeting next support zone. Fundamentally, GDP(Q1) fell to -3.8% , Unemployment rate although beats estimates by 0.3%, it is still is a recessionary zone at 7.4% unemployed.

Midaz_Investments

TVC:DXY Continuation pattern spotted, dollar could well head to next support zone. Any breach further could well be priced at the 98 range. This week FED interest rate decision could be a sensitive one, Consensus are bias that the rate maintain at 0.25% Pairs to note are CHF / EUR / JPY , where their low interest rates could provide cushion for the downside....

Midaz_Investments

FX_IDC:AUDGBP China has played this economical war well. As the world struggles with coronavirus, The yuan has seen depreciating against the dollar, where demand for dollar is high due to its safe haven status. This means that exports from china would be better off soon. This is why china has so much cash reserves, then lending the money to these western...

Midaz_Investments

OANDA:GBPUSD On the technical view: 1.25 strong resistance zone, coupled with 50SMA. prices are fluctuating below 50SMA, which we consider it bearish Technical indicators (momentum/RSI/Bollinger band) , has neutral readings, which means EA Bots would not be speculating at this moment, this would be an indecisive zone for technical traders. These technical...