bluepipsforexsignals

bluepipsforexsignals

If it breaks below 0.5610 there is high possibility to reach 0.5550 before potential retracement

bluepipsforexsignals

On technical aspect the price is breaking out from the declining parallel wedge at 2040 which will likely takes it to the support at 2055 to 2060. Fundamentally, the global economic and geopolitics in the middle east also support the near term increase in Gold price. > The slowdown in growth in Euro area means interest rates cannot stay high for so long, and a...

bluepipsforexsignals

The possible weakening of the Euro area economy means high chances for ECB to consider lowering rates for the Euro to boost economy, the move which will mean high chances of declining in Euro currency

bluepipsforexsignals

Looking for opportunities for sell below 1.0825. Pay close attention on the fundamentals from Euro zone and US in the coming week

bluepipsforexsignals

Technically The pair has broke the upward wedge and the price action since the start of the year when it has broke the upward wedge was the short term bearish trend with potential of up to 150 pips for a sell set-up. Fundamentally The pair will likely get a bearish momentum followed by the recent record breaking inflation in Canada. The central bank previously...

bluepipsforexsignals

I forecasted a short term rally to 1730 vide this analysis (since this is already attained). This is therefore a follow-up analysis on the same idea. It seems there is a resistance at 1730 which will complete wave 'B' but this move might be temporary as there will likely be a formation of wave 'C' which will see the price rise to 1750 in the short term. I...

bluepipsforexsignals

Technically Based on the wave analysis on the Daily chart, the price is currently retesting the fifth wave which likely will be followed by the corrective pattern ABC to the region of 1730. Fundamentally The medium downward slide in gold price from the peak of 2080 in March has been contributed by the tightening monetary policies including rates hiked of...

bluepipsforexsignals

The pair is currently in wave 4 formation in a down trend movement. There is a chance for advancement in wave 5. Sell below: 132.70 Stop loss: Above 134:35 (The setup will be invalid at price beyond this level) Take profit (At wave 5): 129:50 Fundamentals Sentiment is currently in risk off which favor strength in YEN against other major pairs.

bluepipsforexsignals

The rate is currently at wave 4 in a downward trend, there is a possibility of some advance in wave 5 . Sell below: 120.00 TP: 118.50 Fundamentals The market sentiment is currently in risk-off mode which implies the YEN will be strong against other major pairs like EUR, USD, AUD, NZD, CAD, and GBP.

bluepipsforexsignals

The price is currently at the wave 4 in a downward trend with expected move to wave 5. Sell below 120.00 TP 118.50 Fundamentals The market is currently experiencing some sort of Risk-off sentiment which implies potential strength in Yen against major pairs.

bluepipsforexsignals

There is a possibility for the upward move to occur in the EURUSD pair, this will be largely reinforced by the strong fundamentals which do not favor USD in the long term.

bluepipsforexsignals

Technically - On a strong resistance --> Hopeful to see slight retest before break up to levels before Covid-19 Fundamentals - Risk on --> Economies around the world are opening up, this will potentially result to selloff in safe havens assets like Japanese Yen and Gold, this will likely result in medium term selloff of JPY against other countries currencies NZD...

bluepipsforexsignals

Technically - The price has retested the channel support which implies that there is a possibility for pull back. - Also the momentum is still strong as can be noticed from MACD 4C - The 30 period MA is sloping upward Fundamentally - The economies are opening up from Covid19 pandemic which will likely boost demand and Oil price - On the supply side, the crude...

bluepipsforexsignals

I have bearish sentiment due to a) Technically - the pair has reached the top and currently in declining stage - the 30 weeks MA looks set to slope downward b) fundametals - risk on i will take a short position below 22 with the target at 20

bluepipsforexsignals

I have employed Stan Weinstein stage analysis for EURJPY on weekly chart, and i have observed the potential for the pair to head upward. - The chart is currently crossing 30 weeks moving average - The volume has improved recently - The relative strength has also improved. i therefore biased for strength in EUR against JPY in the medium term

bluepipsforexsignals

I am positioning to buy CADJPY because of > Potential bullishness in Oil price which is a plus for CAD > Global improvement in containing COVID-19 which implies more economies will be opened and investors will start to dump safe haven like JPY. I am not ruling out the weak legdown due to Hongkong Riots and Minneapolis Riots which will likely worry investors and...

bluepipsforexsignals

With improvement of risk there might be fund flow out from Gold to other risk assets. This might pull back the advancement in the price of gold in the medium term. I see huge opportunity to sell gold at the current level with taking profit at 1700, 1690 and 1680.

bluepipsforexsignals

The Euro has experiencing a weakening against Swiss Franc since late 2019. Partly because of growing risk-off sentiment in the Euro area and the outbreak of Covid-19 pandemic which have caused the surge in demand for safe havens (Gold, Yen, Chf, and Usd). With the likelihood of improvement in risk condition and the worry for Swiss National Bank that the...