Correctivestructure
USDCHF Correction and continuation - BUYWelcome back! Let me know your thoughts in the comments!
**USDCHF - Listen to video!
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EURJPY It will breakout to the upsideWelcome back! Let me know your thoughts in the comments!
**EURJPY - Listen to video!
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AUDNZD Buy from Support +70 PipsWelcome back! Let me know your thoughts in the comments!
**AUDNZD - Listen to video!
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Aussie Remains Bearish After RBA Policy Meeting
Markets were slow at the start of a new trading week because of the holiday in UK, but this will be expected to change as speculators wait on CB policy decisions. RBA meeting was the first event where members judged that a further increase in interest rates would help bring inflation back to target and create a more sustainable balance of demand and supply in the Australian economy. They discussed the arguments around raising interest rates by either 25 basis points or 50 basis points. They see rates coming back to normal, meaning that sooner or later speculators could see this as bearish for the Aussie.
From an Elliott wave perspective, we see pair in a deep complex correction, currently in B of Y, so there can be more weakness coming soon, especially if stocks will continue to weaken this week on the hawkish FOMC decision. So short-term pair can stay bearish but from a longer-term perspective, we assume that the pair can find a support near 0.64-0.65, possibly later this year.
DXY next moveAs my analysis before, I mentioned that DXY could started to bullish again from 107.9 and other asset are tanking.
This is my view of DXY for this week :
DXY is now in corrective move and could sweep the liquidity between 109-108 area before continue upwards
We will have FED % rate news release on 21th Wednesday with 75bps forecast
This news will decide the next DXY move.
EURJPY Potential breakout and bullish continuationWelcome back! Let me know your thoughts in the comments!
**EURJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURUSD H4Hi traders, EURUSD is setting up for a correction wave. I am expecting a beautiful correction from the EURUSD and hit the upper trendline and 0.618 fib level. Incase that is not happend maybe my view are wrong so then if EURUSD breakout to the downside trendline then it can go to a previous low and form maybe a double bottom scenario GOOD LUCK.
USCAD UPDATE Following CPI Report Welcome back! Let me know your thoughts in the comments!
**USDCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
Ethereum- Wait on Bounce From The Support First, Then BuyHey all,
Cryptocurrencies are trading lower, as USD gets strong across the board and stocks turn down. There is room for more weakness in the near term, but the Ethereum can still be interesting for a bounce if the 68.1% and 78.6% Fib will hold.
For more details, check the video.
EURJPY Impulse Wave Correction SHORT from SupplyWelcome back! Let me know your thoughts in the comments!
**EURJPY - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
AUDUSD Local buy from demand zoneWelcome back! Let me know your thoughts in the comments!
**AUDUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
PLTR: Big corrective structure?Clearly I was wrong with my previous PLTR view. Still would like to catch the impulse. Thinking LEAPS near $5 and diamond hand it? Let me know what you're thinking!
If you've been following for a while, sorry about the lack of posting. Life got very busy!
AUDUSD Double Bottom Completed 80+ PipsWelcome back! Let me know your thoughts in the comments!
**AUDUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURUSD CPI Report Breakout-What's Next!Welcome back! Let me know your thoughts in the comments!
**EURUSD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy