According to our technical analysis from higher timeframes, we see that GBPUSD is still in a bullish trend at the start of this week. If you took a buy order on this pair last week to front-run this week, then you'll most likely have a great opportunity to take profit in the area we've specified for Bulls to exit here on our chart. However, if you'd also like to...
It was a good time to get in on a SELL this past Sunday, January 31st. We are continuing to see Bearish activity on EURUSD this week and into the rest of February. Looks like Bears are exiting this week right around 1.20005 today. We are seeing a nice Entry Zone for Bears next week as shown on our chart analysis here. If you place an order right around that...
Price closed on Friday, January 29th at 1.58796 which is right around a BUY ZONE according to our technical analyses from higher time frames (Daily and H4). We can expect EURAUD to continue to be quite bullish into next month. If you decide to take our BUY signal on this pair, make sure to set your Take Profit (TP) at 1.60497 .
EURGBP moved a little higher on Friday but is still not far from recent multi-month lows. Price once again closed at a BUY zone. This pair has been weighed by the UK’s comparatively swift vaccination efforts in January and amid EU vaccine delivery delays. If price hits 0.88348 for us in this week's market open, we can expect to ride this Bull up to 0.88860 or...
After some thorough technical analysis on higher timeframes with EURNZD, we feel there is a great BUY opportunity once market opens for this new week. Price closed at 1.68892 on Friday, January 29th which is right inside a BUY zone for that last week of last month and now into this new week. If you choose to take our BUY signal, make sure to enter around ...
Based on our technical analysis on higher timeframes with AUDCHF, we see a potential for a SELL opportunity for the month of February. Drawing a fib from October 2020's low to January 2021's high, we can see that price is hovering right in the possible SELL zone for Bears to enter. If price does not break the 6.18% level (on the fib drawn) then Bears can...
During 2020 the Singapore dollar strengthened against the US dollar from 1.3453 to 1.3211. The Singapore dollar’s modest appreciation despite the sharp decline in the dollar in 2020 reflected the impact of MAS’ neutral SGD NEER policy set in response to the COVID-19 shock. This neutral policy will set the tone for USDSGD trading for the entire year of 2021,...
Price for AUDJPY is currently at the Weekly SELL level of 80.303 . Great time to enter your SELL orders in and expect to TP around 79.299 this week. We will continue to watch this pair for more Bearish opportunities into next month (February).
Seeing obvious Bearish activity on CADJPY. Currently, we price is hovering around the monthly SELL level for this pair. Therefore, we can expect to enter a SELL at 81.585 to around 81.890 this week and TP around 80.768 . We will continue to watch for more Bearish opportunities on this pair into next month (February).
Price opened at 1.20770 today, which we projected to be a Bulls Entry Zone for the week. If price breaks the support level, we can expect Bulls to continue to the upside and take profit around 1.22250 . HOWEVER, if price doesn't break the support level of 1.21500 then we can expect Bears to enter this area to take it to the downside (weekly Take Profit for...
Another great pair to watch for Bearish opportunities. If you missed some clear cut SELL entries for CADCHF this month, you can expect to see more Bearish levels going into next month (February). Here, our analysis show that you could enter a SELL order right now and up to 0.70063 price level. We can expect Bears to Take Profit around 0.690228 . Don't forget to...
In terms of the reasons as to why sentiment has taken a positive turn for the better and USD has fallen; positive vaccine news is likely helping . -USDCAD has slid back from European morning session highs in the 1.2780s to test the 1.2700 level. -CAD has been lagging the likes of NZD, GBP and AUD, likely due to softness in crude oil markets. We can expect this...
This is another great pair to keep as a long-term SELL for Q1 due to Seasonality. Bears can enter this week right around 1.21785 and expect to TP at 1.20424 . For more confluences, we drew a Fib on the Daily timeframe to see where price landed previously. And as you can see, entry levels and take profit zones are quite close to where we are projecting for this...
Another Seasonality Sell for Q1. Although the market "seems bullish" momentarily today, we can expect to stay Bearish on this pair as it correlates to our fundamental bias of Seasonality. If you set your SELL orders around 1.37128 this week, you can expect to hold onto this trade and Take Profit around 1.34870 . Make sure to set your Stop Loss right around ...
Another Seasonality Sell for Q1. Updating our analysis from the start of this week. If you placed a SELL order on NZDUSD this week, you can expect to Take Profit around 0.70736 (conservative) - 0.69802 (aggressive) . For those hoping to close out the month strong on this pair, we suggest setting your TP to the more aggressive target.
We are in a Seasonality Sell for AUDUSD in Q1. Bears can look to enter the market around 0.77481 (which is right near the resistance level as you can see in our analysis here). TP this week between 0.76249 (conservative) - 0.75950 (aggressive) .
Off of the Daily (D1) time frame, we can see that it is likely for a Head & Shoulders formation to complete on this pair. Now, zooming into the Four-Hour (H4) time frame Horizontal line drawn at 0.91232 is right at the Weekly and Monthly Pivot Point. If price breaks above this line, then we can expect Bears to enter for a weekly sell at 0.91439 . Bears can Take...