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A quick breakdown of a recently called trade.. Follow, like, comment. Thank you for your support
An overview of all the pairs I am looking at for this trading week. Full breakdown in the video with analysis and explanations of what I will be waiting for before executing in the markets.
Welcome Investors, Dear Esteemed Viewers, Technicals Today's the 30 of November, and EUR's uptrend suffered a breaking. Technically, it means the downbreak of the rising dotted purple trendlines. This technically important price action aligned with a bearish cross on RSI and a bearish daily candle. The target price of this bearish setup is about $1.082, and...
every sunday i breakdown the market for the week and put some pairs on my watchlist to follow them for the rest of the week. this is my watchlist for this week
After the daily close of yesterday, it became apparent that this pair isn't in much favor of an uptrend. I believe that this is an indecision retracement, price has already been rejected at the weekly resistance and 62% fib. It's formed it higher low and now its looking to either push for new highs or begin new lows again. This is a daily setup being monitored on the 4H.
U.S. consumer spending rose moderately in February, while inflation showed signs of cooling hereby boosting hopes the Federal Reserve would be less aggressive in hiking interest rates. On the other hand, a dim economic outlook overshadows data revealing Britain avoided a recession in the final months of 2022 could be a turning point for the Sterling as it hit...
The crisis in the US banking sector last week lured market participants into a safe haven in the Yen as the US dollar showed signs of losing momentum. Following this development; the Yen closed the week with approximately 3% gain against the dollar. Heading into the new week, the Greenback doesn't seem popular at this moment as the call for rewidening the Fed's...
USD/CAD create nice strong impulse to the upside but now is time for correction and if the price create candle formation from Fibonacci na 4th trendline touch I will buy.
Caught these buys last night! hope the breakdown was clear enough to understand how i see the market.
The Greenback's biggest gains in the last week have been against the Pound sterling after the BoE's dovish hint that it may have finished raising interest rates after a 50 basis points hike last Thursday. However, the higher-than-expected non-farm payroll data of 517,000 jobs in January did not help matters as the Pound slumped further to close the week below the...
Following a massively profitable week for us (see the link below for reference purposes); The Gold tumbled almost 3% on Friday after a blockbuster U.S. jobs report for January which came in with whopping 517,000 jobs hereby triggering profit-taking activities on the yellow metal’s long-running rally since the beginning of the year. Price is currently trading at a...
The British Pound slipped lower in the last 10 days, handing back some of the previous session’s gains hereby dropping by 3.4% to close last week's trading session below the 1.21500 key level. With a breakdown of the $1.21500 level last week, will the decline continue? Price action is currently at a critical point as it currently trading along the bullish...
The ECB hiked interest rates on Thursday, following the lead of the U.S. Federal Reserve, and pointed to more tightening to come as increased fears of a potential global recession linger. In this video, we looked at the chart from a technical standpoint and we noticed that resumed selling pressure below the $1.07000 level since the beginning of this month could...
The U.S. dollar continue waning as it edged lower during the course of last week's trading and following the positive NFP on Friday, there was a stall as we started witnessing a consolidation phase around the key level at 135.000. In this video, we looked at the charts from a technical standpoint where we shall remain patient to see what price action will...
Hello guys 👋 - This is the first video on our profile. We want to break down the chart as best as possible and show you our view of the chart with the help of a video. Leave a comment and like if you want more clips like this. Forecasting in forex helps us prepare as well as possible for a potential entry and reduce the chance that emotions will affect us....
The breakdown of both the key level at 1.14000 level and the bullish trendline during the course of last week's trading session might be a sign that the sellers still have a say in this market. Though, the Pound rallies 1.9% on the last day to close the week near 1.1400, with this development I am of the opinion that we remain patient to see how the price will be...