danielcheong1974

danielcheong1974

Currency Pair: CADJPY Timeframe: 15 mins Date/Time of Signal: 16th March 2020 / 1630hrs (SGT) Review: Last Saturday (14th March 2020), Bank of Canada (BoC) carried out an emergency cut of interest rate by 0.50% as a “proactive measure taken in light of the negative shocks to Canada’s economy arising from the COVID-19 pandemic and the recent sharp drop in oil...

danielcheong1974

Currency Pair: GBPJPY Timeframe: 15 mins Date/Time of Signal: 6th March 2020 / 1745hrs (SGT) Review: The extension of coronavirus (COVID-19) carnage have kept investors avoiding the risks while keeping safe havens like the Japanese Yen on the platter. GBPJPY has been on a downtrend and broke the Support level of 137.10. Following the trend, trade signaled to...

danielcheong1974

Currency Pair: EURJPY Timeframe: H1 Date/Time of Signal: 5th March 2020 / 1545hrs (SGT) Review: International Monetary Fund (IMF) Managing Director Kristalina Georgieva said the global economic outlook has shifted to “more dire scenarios” as the coronavirus has spread undetected. And the Eurozone is likely to have been more adversely impacted by the spread of...

danielcheong1974

Currency Pair: USDJPY Timeframe: H1 Date/Time of Signal: 5th March 2020 / 1500hrs (SGT) Review: International Monetary Fund (IMF) Managing Director Kristalina Georgieva said the global economic outlook has shifted to “more dire scenarios” as the coronavirus has spread undetected. The spread of the coronavirus is still driving investors to safe haven currency...

danielcheong1974

Currency Pair: GBPJPY Timeframe: H1 Date/Time of Signal: 4th March 2020 / 1315hrs (SGT) Review: With no clarity of post-Brexit EU-UK trade terms and the worsening condition of the coronavirus outbreak, the Pound is likely to weaken against Yen. GBPJPY has been on a downtrend below the Resistance level of 139.20. Following the trend, trade signaled to sell...

danielcheong1974

Currency Pair: CADJPY Timeframe: H1 Date/Time of Signal: 4th March 2020 / 1315hrs (SGT) Review: The U.S. Federal Open Market Committee announced an emergency interest rate cut of 0.50% on Tuesday, which may leave the Bank of Canada with little choice but to cut. With the worsening condition of the coronavirus outbreak and the recent plunge in oil prices, the...

danielcheong1974

Currency Pair: AUDJPY Timeframe: H1 Date/Time of Signal: 27th February 2020 / 1400hrs (SGT) Review: The Australian Private Capital Expenditure q/q data released earlier today was worse than forecasted. And the spread of the coronavirus is still gripping investors into a state of fear and driving investors to safe haven currency such as YEN. AUDJPY is on a...

danielcheong1974

Currency Pair: NZDJPY Timeframe: H1 Date/Time of Signal: 25th February 2020 / 1750hrs (SGT) Review: The spread of the coronavirus is still gripping investors into a state of fear and driving investors to safe haven currency such as YEN. NZDJPY has been on a downtrend and broken the Support zone of 70.00. Trade signaled to sell NZDJPY (Entry: 69.88) with 3...

danielcheong1974

Currency Pair: EURJPY Timeframe: H1 Date/Time of Signal: 25th February 2020 / 1600hrs (SGT) Review: The spread of the coronavirus are still gripping investors into a state of fear and driving investors to safe haven currency such as YEN. EURJPY has been on a downtrend and below the Support zone of 121.30. Following the trend, trade signaled to sell EURJPY...

danielcheong1974

Currency Pair: AUDUSD Timeframe: H1 Date/Time of Signal: 24th February 2020 / 1400hrs (SGT) Review: As China, Australia’s largest trading partner, struggles to contain the coronavirus and the rapid spread of the coronavirus beyond China drove fears of a pandemic. This have drove investors to safe haven currency such as US dollar and weaken the Australian...

danielcheong1974

Currency Pair: NZDJPY Timeframe: H1 Date/Time of Signal: 21st February 2020 / 1520hrs (SGT) Review: Pessimism about the Chinese growth outlook continue to weaken the New Zealand dollar. NZDJPY has been unable to break and bounce of the resistance level of 71.20. Trade signaled to sell NZDJPY (Entry: 70.55) with 3 Take Profit (TP) Targets (TP1: 70.35, TP2:...

danielcheong1974

Currency Pair: AUDJPY Timeframe: H1 Date/Time of Signal: 21st February 2020 / 1520hrs (SGT) Review: Australia services PMI for February fell sharply to 48.4 from 50.6. and pessimism about the Chinese growth outlook continue to weaken the Australian dollar. AUDJPY has been unable to break and bounce of the resistance level of 74.20. Trade signaled to sell...

danielcheong1974

Currency Pair: AUDUSD Timeframe: H1 Date/Time of Signal: 20th February 2020 / 1430hrs (SGT) Review: Australian Dollar weaken after China failed to impress financial markets with a widely expected injection of monetary stimulus and Australian Unemployment rate rose to 5.3% last month higher than forecast. Yesterday (19th February 2020), USD strengthened as...

danielcheong1974

Currency Pair: CADJPY Timeframe: H1 Date/Time of Signal: 19th February 2020 / 1630hrs (SGT) Review: The Japanese yen lost some safe-haven appeal due to the uptick in Asian stocks today as after Japan posted better-than-expected export data and as many manufacturing facilities in China restarted following an extended shutdown due to the coronavirus...

danielcheong1974

Currency Pair: NZDUSD Timeframe: H1 Date/Time of Signal: 18th February 2020 / 1515hrs (SGT) Review: Both Coronavirus continues to impact China’s economy and dovish Australian Monetary Policy Meeting minutes gave a bearish sentiment to the New Zealand Dollar. Recently, NZDUSD has been on a downtrend and has broken through the support level of...

danielcheong1974

Currency Pair: EURJPY Timeframe: H1 Date/Time of Signal: 13th February 2020 / 1500hrs (SGT) Review: Fresh surge in coronavirus cases in China today should strengthen safe haven currency such as Yen and US dollar. Yesterday’s (12th February 2020) Industrial production report from Germany resulted in a negative sentiment toward the euro which could pointed to...

danielcheong1974 Updated 

Currency Pair: EURUSD Timeframe: H1 Date/Time of Signal: 13th February 2020 / 1255hrs (SGT) Review: Yesterday (12th February 2020), Federal Reserve Chairman Jerome Powell's second day of testimony did little to support rate-cut hopes as the US economy remained in a good place. EURUSD has been on a downtrend and the price broken through the Support zone of...

danielcheong1974

Currency Pair: USDCAD Timeframe: H1 Date/Time of Signal: 12th February 2020 / 1545hrs (SGT) Review: recovering crude oil prices helping the commodity-sensitive CAD gather strength against the greenback. Recently, USDCAD tested and unable to break through the Resistance level of 1.3330. The recovering of crude oil prices has helped strengthened the oil...