Whalay

Whalay

This pair has suffered more than enough losses, and doesn't look like it will recover soon without brakes until support. I think its safe to go on long-term buy at the safest point near the 2009 Low.

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Safe Haven Assets are a set of financial instrument that retain or gain value in times of economic downturn. We are definitely moving towards critical times with the spread of Coronavirus moving faster than the speed of light. As we have seen the negative effects of Cov19 on Major Stock indexes, its adverse effects on Corporate earnings and the harsh presence it...

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The Yen weakness has given room for bulls to slightly take control. However, I will be waiting on price reaction at R1 because the GBP is again loosing grip across board. A break below the retest point nullifies the overall possibility of a bullish run.

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As I find it difficult making trading decision without understanding the fundamentals, I can certainly say there's been some signs of weakness In the GBP lately as it was looking for a direction due to traders and market participants trying to assess the impact of UK-EU exit on 31st Jan which is causing a slowness in economic activity. However, looking into the...

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Still playing out nicely as exactly expected from my last post on this. You can still hop on if you already haven't. Ciao!

Whalay Updated 

There is a huge possibility of a bearish turn at this point. Let see how this unfolds.

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We've nearly seen a 100% correction on this pair loosing all the juice on the dollar strength. There is quite of a lot of potential surrounding this pair. Price is expected to be on the oversold territory on the daily timeframe by the time the correction completes at 1.08 as it is already on the 4hr. Likewise the DXY should be heading for a retracement due to...

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NFP has come to help the markets once again. As January Jobs reports added momentum, showing a better than expected results with the help of strong corporate earnings as well with the nearly solved China-US talks. The dollar might be heading towards 99.5 this time hitting hard on its counter parts as we are looking into a stronger economy. This could in the medium...

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Most Euro pairs are still under the hammer imposed by ECB. This pair is likely headed for 1.08 once again as we've seen a major support broken. Its still foggy the Euro and sooner or later would spread across board.

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I am looking out for a buy trade around the current zone. Since the Aussie has lost all gains earned in the last 5 to 6 weeks, this current zone should serve as a breather as we've seen price rejected this zone a couple times. Asides been the support area, it is also the territory where we have seen huge demand in price coupled with the daily relative strength...

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The Cable has been on the side line for nearly eight weeks looking for a direction. With Brexit optimism building up, there could be a surge in price against the greenback. As we have seen a flattened ascending channel with a bounce on every touch of the trendline, There seems to be a decreasing risk of price falling to he lower side. This been said, I am willing...

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Price has a high tendency to rise to 1.1170 once more with a bullish move we have just seen in the current zone. A break of support would totally nullify this trade.

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I am looking into a long term buy!! This has become one of my favourite pairs mainly because of the attractive interest rate differential and its practicality to technical playouts. Buying this pair on the 3rd touch of the trendline as a continuation of the rising price. Expecting the 5th wave not to be less than 180pips. Simple Demand & Supply principles!

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Flags are really an important technical chart pattern. They indicate a readjustment in price formation between market participants. I am eyeing an uptrend continuation haven had two flags consecutively broken. Flag breakouts form an essential part in my analytical judgment. Last week we had a positive retail sales data (for those that knows the impact of this...

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Nicely retraced. Buy Breakout

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That was indeed a decent breakout. Now is not the time to long. A perfect entry would be after a retest of S-R zone at 109.70 then BOOM! Buy Limit Order is best for this scenario : 109.70 Stop Loss: 109.55 (enough room for false break) Take Profit: 110.70 (at this point, the buy momentum should be exhausted). Disclaimer: This is not a trade advise or signal, its...

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Positive retail data has given the Aussie a bullish push out of range. But is it enough? Either way am going long! Confluences; Support found at .6850 Bullish flag breakout Retest confirmation needed at 0.6930 zone

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A break below support nullifies the current upward channel.