Currency Pair: NZDUSD Timeframe: H1 Date/Time of Signal: 11th February 2020 / 1230hrs (SGT) Review: Analysts and economists are downgrading China’s GDP growth forecast for 2020 as the coronavirus outbreak hits the world’s second largest economy. Given New Zealand’s economic reliance on China, the growing pessimism that China’s coronavirus could impact New...
Currency Pair: NZDJPY Timeframe: H1 Date/Time of Signal: 7th February 2020 / 1600hrs (SGT) Review: Analysts and economists are downgrading China’s GDP growth forecast for 2020 as the coronavirus outbreak hits the world’s second largest economy. This in turn could impact New Zealand’s economy. NZDJPY has been unable to break and bounce of the resistance level...
Currency Pair: GBPUSD Timeframe: H1 Date/Time of Signal: 6th February 2020 / 2300hrs (SGT) Review: Since yesterday (5th February 2020), The US dollar have strengthened as U.S. ADP Non-Farm Employment Change data, ISM Non-Manufacturing PMI data and US unemployment claims released today (6th February 2020) were all better than forecasted. GBPUSD have broken...
Currency Pair: EURGBP Timeframe: H1 Date/Time of Signal: 5th February 2020 / 1700hrs (SGT) Review: Yesterday (4th February 2020), U.K. construction PMI data released yesterday was better than forecasted. Thus Pound has strengthen. Recently, EURGBP has been on a downtrend. The price tested and bounce off the resistance zone of 0.8520. Following the trend,...
Currency Pair: EURUSD Timeframe: H1 Date/Time of Signal: 4th February 2020 / 2300hrs (SGT) Review: The US dollar have strengthened since Monday (3rd February 2020) as the U.S. ISM Manufacturing PMI data was better than forecasted. And even though the eurozone final manufacturing PMI (3rd February 2020) data was better than forecasted it was still in...
Currency Pair: GBPJPY Timeframe: H1 Date/Time of Signal: 3rd February 2020 / 1600hrs (SGT) Review: The Pound recently declined amid fears of hard Brexit (renew fears of no-deal Brexit) while the safe-haven currency such as US Dollar and Yen demand continues due to the Coronavirus. For the month of January, GBPJPY have been ranging between 141.00 and 1.44.00....
Currency Pair: GBPUSD Timeframe: H1 Date/Time of Signal: 3rd February 2020 / 1530hrs (SGT) Review: The Pound recently declined amid fears of hard Brexit (renew fears of no-deal Brexit) while the safe-haven currency such as US Dollar and Yen demand continues due to the Coronavirus. For the month of January, GBPUSD have been ranging between 1.3000 and 1.3200....
Currency Pair: NZDJPY Timeframe: H1 Date/Time of Signal: 29th January 2020 / 1545hrs (SGT) Review: With the Coronavirus getting worse in China currency markets are expected to continue to switch to “safe haven” assets such as US Dollar and Yen. The coronavirus will take a bite out of China’s economy and have a significant impact on China’s GDP this...
Currency Pair: CADJPY Timeframe: H1 Date/Time of Signal: 29th January 2020 / 1545hrs (SGT) Review: Last Week, (22nd January), the Bank of Canada kept its interest rates unchanged but downgraded 2020 forecast and hinted a rate cut could still be in the offering, thus weakening the Canadian dollar. With the Coronavirus getting worse in China currency markets...
Currency Pair: EURUSD Timeframe: H1 Date/Time of Signal: 27th January 2020 / 2330hrs (SGT) Review: With the Coronavirus getting worse in China and is slowly spreading around the world, currency markets are escaping risks and switching to “safe haven” assets such as US Dollar. This evening at 5pm (SGT), German Ifo Business Climate deteriorated unexpectedly in...
Currency Pair: USDJPY Timeframe: H1 Date/Time of Signal: 23rd January 2020 / 1200hrs (SGT) Review: On Tuesday (21st January 2020), The Bank of Japan left rates unchanged and painted a brighter picture of the economic outlook for 2020 and 2021. With the Bank of Japan’s positive growth outlook, Yen has strengthened. USDJPY broken the Support level of 109.80 and...
Currency Pair: USDCAD Timeframe: H1 Date/Time of Signal: 23rd January 2020 / 1230hrs (SGT) Review: Yesterday (22nd January), the Bank of Canada kept its interest rates unchanged but downgraded 2020 forecast and hinted a rate cut could still be in the offering, thus weakening the Canadian dollar. USDCAD broken the Resistance level of 1.3110. Trade signaled to...
Currency Pair: CADJPY Timeframe: H1 Date/Time of Signal: 21st January 2020 / 2310hrs (SGT) Review: Safe-haven Japanese Yen has been strengthening which is a strong indication of a risk-off trading session. CADJPY has bounce off the Resistance level of 84.50 and is on a slight downtrend. Trade signaled to sell CADJPY (Entry: 84.22) with 3 Take Profit (TP)...
Currency Pair: AUDJPY Timeframe: H1 Date/Time of Signal: 21st January 2020 / 2250hrs (SGT) Review: The Australian Dollar is trading lower after Chinese officials confirmed the coronavirus can be spread by human-to-human contact. Safe-haven Japanese Yen has been strengthening which is a strong indication of a risk-off trading session. AUDJPY has bounce off...
Currency Pair: GBPJPY Timeframe: H1 Date/Time of Signal: 20th January 2020 / 1530hrs (SGT) Review: GBPJPY has bounce off the Resistance level of 144.50 and have been trending lower after the release of a poor UK retail sales m/m data last Friday (17th January 2020). Trade signaled to sell GBPJPY (Entry: 143.05) with 3 Take Profit (TP) Targets (TP1: 142.85,...
Currency Pair: EURGBP Timeframe: H1 Date/Time of Signal: 17th January 2020 / 1630hrs (SGT) Review: EURGBP is on a downtrend. EURGBP has broken through the Support level of 0.8520. Trade signaled to sell EURGBP (Entry: 0.8510) with 3 Take Profit (TP) Targets (TP1: 0.8490, TP2: 0.8470, TP3: 0.8450) and Stop Loss (SL) at 0.8540.
Currency Pair: EURNZD Timeframe: H1 Date/Time of Signal: 16th January 2020 / 1545hrs (SGT) Review: EURNZD is on a long term downtrend. EURNZD has tested and unable to break and bounce off the resistance level of 1.6900. Trade signaled to sell EURNZD (Entry: 1.6803) with 3 Take Profit (TP) Targets (TP1: 1.6783, TP2: 1.6763, TP3: 1.6743) and Stop Loss (SL) at...
Currency Pair: CADJPY Timeframe: H1 Date/Time of Signal: 14th January 2020 / 1430hrs (SGT) Review: With the release of the positive Canadian employment data last Friday (10th January 2020) and with anti-risk Yen depreciated as investor sentiment improved ahead of the anticipated “phase-one” trade deal signing between the China and the US. Expectation for...