Market reasoning: GBP expected to get rate CUTS and JXY expected to get rate HIKE ON 179.5 break TP 176.5 SL According to your account margin and leverage level and strategy
Markets expecting EUR currency index to get hit by Rate cuts and JPY Index to get hiked by Rate HIKES! these expectations created the current market dynamic where EUR JPY is on a short. First target 151.5 Second Target 148.5 There might be a third target but current market data does not support the view yet!
Looking at BTC and it says it all ! in 2023 we recovered all the loss of 2022 and this is as bullish as it can get! if the price by the end of 2023 manages to stand above 46.2 K witch is the start of previous year loss, it will create a big buy signal for the next year. usually BTC operates well in a background which US dollar is on the fall and this fits our...
Lets long Entry 73-75 First TP 145 Max TP 250 SL Holding Strategy
Both GBP and AUD hiked nearing their Interest rate sessions but expecting negative inflation weighs heavy on them!. AUD suffering less from deflation compared to GBP has created a long downtrend on GBP AUD. expecting the price to reach 1.80 level in a middle term run but first target would be 1.85
Ahead of CPI for GBP next week, GBP has started falling and GBP USD on the way to test support at 1.25 1.255 level. TP 1.25-1.255
Ahead of CPI news For EUR and GBP next week , the fall has begun since market expectations are negative readings. EUR USD on the way to test support again at 1.08 level and testing the canal again. TP 1.08-1.075
After hitting the multi year stiff resistance at 96.5, AUD JPY managed to retrace and its heading to 93 level. TP 92.8
As demonstrated in the chart USD JPY is on a bearish journey for a long time but first testing 137 area! There are quite important events ahead such as Bank of Japan interest decision and USA GDP growth . Most importantly Federal Bank of USA session at 30-31 January witch will decide the faith of USD JPY. expecting the overall trend to be bearish and 137 to be the...
After revisiting descending trendline EUR JPY looks ready to go short again TP 153.75
Following the steps of the US Federal Bank, Bank of England kept the rates steady along with negative expectation on inflation and this is not looking so good for GBP currency and its not fueling the bulls enough to keep the green going. GBP JPY will be the reacting to this by going short. Today we have BOJ Interest rate session and expecting them to keep it...
I want to explain allot but the chart and the crypto market hype says it all!
Lots of people having lots of ideas on BTC but the real truth is following the price action. As demonstrated in the chart the price is struggling with its 2020 HIGH and there are many expectations for it to short from here. The price action is saying other wise. Expecting BTC to have a good 2024 year and reach 2021 HIGH in upcoming year.
Lets Short Entry 146 146.5 First TP 142.5 Max TP 140 SL 146.65
US Federal bank keeping rates steady but hinting lower inflation expectations for next year weighing hard on DXY. Expecting the current short to continue to 100 level Entry 103 TP 100 SL 103.3
After facing good Support at 1.25 level, GBP/USD is now on the way to test 1.28 and will most likely break it.
Lets Long Entry 1.075 1.07 First TP 1 Max TP 1.125 1.15 SL 1.067
Up Trend still alive Max TP 1.15 Stop Loss 1.0685 Lets go !