EURJPY shows a promising upcoming increase to the upside with the promise of economic stimulus to the EU economy during this pandemic.
The phase of the Euro seems upbeat on the fundamental side.
Wait for a pullback before entering the trade on a Long.
SL : 115.833
TP : 120.965
Entry Below - 1.25723
TP - 1.09086
SL - 1.27488
UK extends lockdown to 3 more weeks. Strong pessimism on the GBP will drag the cable to historic lows in the upcoming weeks.
Do expect a sequence of bearish candles towards the bottom of the predicted daily channel. 1.09086 being the first target for our swing short.
Great opportunity to short the GBPJPY, bearish daily candles are starting to appear on the chart. Our signal to sell is this breakout of a pennant to the downside and the rejection from the trend line on the daily chart.
The upside seems to be capped with a dogi daily candle on the daily chart just under the trend line. We expect heavy selling pressure due to...
GBPDKK has been on a bullish run for 2 weeks. At the start of the 17th of Feb week, its bearish intentions have been shown, bearish patterns forming indicating an imminent drop.
On the chart we can see an Upside down incomplete M patter, a bearish triangle with a bearish breakout, a double top formed inside the triangle a continuation of the fall. Loo for entries...
We expect the Euro to recover some strength after February's selloff. As shown on the chart, EURNZD have created a strong support around the 1.68376 area. A triangle with a bullish breakout indicates a potential bullish reversal in this case.
In this case we expect a 230 pips increase.
GBPCHF it's approaching the daily resistance. Unlike its other counterparts, such as the GBPJPY, GBPUSD and GBPCAD, the GBPCHF hasn't started dropping how it was expected for today Friday 14/02/2020. Although GBPCHF it's lagging behind its counterparts, we're expecting this drop.
On the 1H chart we can clearly see a rising channel that it's trying to reach the...
As shown on the chart, the GBPUSD its currently following a downtrend on the 4H chart, making 50% Fibonacci retracements along the way. These 50% Fibonacci retracements could be used for short entries on the 4H timeframe.
Heavy pessimism about the UK/EU brexit deal its haunting the GBP and the EUR. With this fundamental information and the information provided by...
EURGBP has managed to break out of the Daily triangle, leading to an imminent leap of faith to the downside, but as always we must keep an eye on the latest UK/EU news due to the political uncertainty of brexit and its effects on this pair.
We expect a retest of Daily support.
Trade safe and use proper risk management.
USDCHF has finally broken out the downtrend on the lower time frames. An strong February NFP data and a long waited Fibo-retracement should boost the dollar higher before we can see another drop.
We can see that the currency formed a reversal pattern on the daily chart ( inverted head and shoulders) and it's currently being held up by the 50MA which is also...
USDCAD has been going on a downtrend for some time. Even though it looked like it was about to take off on the last impulse, the breakout was pulled back into the downtrend, meaning that we can expect a continuation of the downward momentum.
We expect the USDCAD to keep the downward momentum for the following months, keeping an eye on oil prices as this...
GBPJPY has formed a triangle on the 1D chart, this could be a great opportunity to buy for swing and intraday traders. To trade this idea you must first wait for a breakout of the triangle on the 1D and an entry structure on the 4H chart.
Trade safe with proper risk management.