aardall

aardall

Hi traders, For this particular asset, we saw price break to the downside from the consolidation pattern and bounce forming a small bullish trend off of the double bottoms. The bullish stochastic is a sign there is some momentum to the upside. The double bottoms have thrown back to the confirmation level and any sign of bouncing is a signal to buy this asset. A...

aardall

Hi traders, This week we saw Lagarde say that the monetary policy for the European union needed to be reviewed suggesting that monetary policy tools such as quantitive easing may need to be reintroduced. Trump mentioned that tariffs will be put onto cars (25%) and wine (100%) if there is no favourable trade deal for the US between the two economies. Technically...

aardall

Hi traders, The USDJPY has shown strong resilience to uncertainty and bearishness in the market; this is a long only asset in my eyes. We identified a potential range which we saw price break out of, any pullbacks on this asset is a buy. Pullbacks can be quite strong so wait for some buying confirmation before taking a long position. all the best, Aardall

aardall

Hi traders, The AUDUSD asset was mainly controlled by dollar flows and tensions between US-China last week with further clarification on the deal. This week I am using the Tom Demark's pivot indicator to determine a trend. It is showing we are bearish on the break of S1. And the stochastic seems like it is in a continuation to the downside. The 68500 level is...

aardall

Hi traders, The GBPUSD asset was mainly controlled by dollar flows last week. Strong data out of the US economy support dxy shorts and eventually, we found a rally. This week I am using the Tom Demark's pivot indicator to determine a trend. It is showing we are bearish on the break of S1 and the stochastic seems like it is in a continuation to the downside. The...

aardall

Hi traders, The EURUSD asset was mainly controlled by dollar flows last week. Strong data out of the US economy support dxy shorts and eventually, we found a rally. This week I am using the Tom Demark's pivot indicator to determine a trend. It is showing we are bearish on the break of S1 and the stochastic seems like it is in a continuation to the...

aardall

Hi traders, Price has tested the high of the range we highlighted last week. The stochastic still shows strong bullishness. This may be due to the settling of US-IRAN tensions. For this asset, if we break the 109650 major level then we should be looking for a bullish play. Bearish signals here will need a bearish cross from the stochastic, with targets to the...

aardall

Hi traders, This week we saw price break through the key 69000 level and pullback into it strongly. Price formed a higher low from the previous swing coming in at 68380. At these levels, we need to wait for further bearish price to come in to break the 68380 level. The break of the lows will be the opportunity to short. Price is bullish above the 69640 level,...

aardall

Hi traders, The EURUSD broke the trend channel, and came into the 110800 level, a key region for this currency. The stochastic still shows bearish and the price is showing a pullback. Bearish plays below 111800, looking for retracements to the monthly pivot, 200SMA, and key support and resistance levels. All the best, Aardall

aardall

Hi traders, The GBPUSD broke the consolidation pattern and kept below the 131740 handle this week tagging the 130150 level. Price had been quite choppy this week running tight stops to the long and short side. The stochastic is chopping so far in the year suggests we haven't established a trend as of yet. At these levels a break below 130150 we can look for...

aardall

Hi traders, USDJPY found some bearishness at the start of the week. It extended past the low of the range in a choppy way, which suggested it may have not been ready to sell off in a uncertain market. This asset is a range play asset only between 109650 and 108400, with an anticipation of the possible break past 109650 with some continuation. Kind regards, Aardall

aardall

Hi traders, We have found some bearishness in the AUDUSD from a bunch of factors for example, the Australian bush fires and risk off from the prospect of war. This is a sell only asset, any pullbacks and tests of lows is a sell signal. The stochastic is showing heavy bearishness. Watch out for the key resistance/support levels, as this is where we are likely to...

aardall

Hi traders, The EURUSD has been on a great uptrend into the close of 2019 forming a great channel. This asset is still a buy for me, but not now. A cross of the stochastic to the bullish side and a break above the 111240 will be a bullish signal. However, there are major hurdles in the way for example, the 200MA and the monthly pivot. In order to get bearish...

aardall

Hi traders, First week back to the markets, we have some big fundamental news come out during the trading week. US and Iran tensions have spilled out into military aggression. I consider the GBP to be a long only asset so with all the uncertainty a consolidation pattern has formed. Plays to the downside are limited in strength. The stochastic indicator shows...

aardall

Hi traders, The USDJPY is a buy only asset. On any pullback it gets bought into, the only downside to trading this pair is that the swings are quite wide. Tight stops will get taken out easily. The stochastic crossed bullish and we can see higher lows and higher highs. If we can stay above 108400 then we should be looking for buys. I suggest waiting for buying...

aardall

Hi traders, The AUDUSD found some clean moves this week resembling a bullish trend forming. Price found rejection about the 200MA and the 69300 handle. This is due to the dollar pressure on good progress on the US-China deal. Any good trade news is bullish for the AUD and the stochastic is showing a bullish cross too. If we can stay above 68750 we have a case to...

aardall

Hi traders, We saw high impact events last week, most notably the UK general election on Thursday. The market reacted positively to the Conservatives retaining majority. However, the following day price found bearish pressure but the GBPUSD did not erase the gains made on the day. Which suggests there is demand. The stochastic crossed bearish, the GBP may have...

aardall

Hi traders, We saw high impact events last week, most notably the UK general election on Thursday. The market reacted positively to the Conservatives retaining majority. However, the following day price closed lower than the open rejecting off the 200MA and 111800 handle on positive dollar flows. The stochastic crossed bearish, we can look to take short plays...