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Currencytrading

Time for DXY to make up its MindPrice is entering an area of decision. Will we continue the range that started back on Jan, 12th or will we see a breakout to the upside with 91.00 being our target? Either way, the price action of the next few days will tell all. We don't have any major data points coming out, so look for Fed Speak or unexpected events to have a bigger impact than usual this week. Let price action determine which way we will go next. Look for the break of 90.60 to test 91.00 or a firm rejection of the area to the make a play south to the 89.70 area.
TVC:DXY
by YourForexMan
EURGBP - Down The Wedge Or Upside?EURGBP is testing 50% fib.retrace ---> if breaks the downside is more likely to happen. MACD crossed but and is now going further downside - almost entered into the negative zone. Notice that inside of this wedge there is a triangle patter. So i think the further drop down is really possible. Aroon UP is loosing its power over Aroon Down which means that the downside is coming. Please REMEMBER that I give you my observations, you form your own opinion and trade it accordingly! Please NEVER forget to do your own research before considering any investment. Fundamental analysis is also crucial so you have to read the news, updates and about the upcoming events related to a particular blockchain project. Hope you will find my analysis useful! Stay safe ----> Hedge ----> Diversify ----> Be cautious! - Together we will beat the market!
Short
by DmitryQuail
USD/JPY OverextendedU/J is overextended to the southside. Needs some room to breathe. Look for a bounce here to around 108.25, if that area is broken look for price to test 109.50 then 110.25. The US still is one of the strongest economyies in the world. Recent weakness across the board for the dollar is centered around political noise like the possibility of a government shutdown. Trade idea becomes invalid if price continues south. takes out the 105.50 area and holds on the retest. As always do your own due diligence and homework before entering any trade. Keep calm and trade forex.
by YourForexMan
Euro/USD ready to head southThe pair formed a clear double top at the 1.25 area. Look for the continuation of the move south to the 1.22 area. If price breaks that area look for a play towards the trendline. Zoom in on price action to see the double top more clearly. Always have a plan. Idea becomes invalid if price breaks north above the 1.255 area and holds. Remember always make your own choices and do your own due diligence when it comes to trading. No one can protect your money better than you. Good luck Traders.
by YourForexMan
1
DXY dollar strength should continueThe strengthening of the dollar should continue now that the possibility of a government shutdown is behind us. We should see the dollar reach the 89.40 area. If we can hold there price will continue to around 90.00. The key figure to watch with this rally will be Thursday's CPI inflation data. We should see an on par or better than expected figure but if not. Expect price to show it and for the DXY to turn south and break the 88.50 area and even possibly the 88.20 area for a new low. Trade idea becomes invalid if price doesn't hold the 88.90 area on the small pullback coming. As always do your own due diligence and homework when it comes to trading. Have a plan and stick to it. Keep calm and forex
TVC:DXY
by YourForexMan
Long Term Outlook Yen Feb 14 2018The Yen experienced upheaval in late 2017. Foreign industrial orders for cars and durable goods affect the volatility heavily during times of trade. Now is no different, When you have a stronger currency then it implies that stocks will be at more of a bargain. As stock prices gauge the power of a currency. The increasing separation between Topix prices correlation to the value of Yen. I see these upcoming meetings smoothing out the exchange rate long term. As there won't be any negative correlation between Japanese stocks and the value of the Yen. And instead will proceed to the usual industrial orders months later.
Short
by baronbloe
Bitcoin 10k retracement?Bitcoin just took off after 8314 consolidation zone! We have three overviews. 1- Monthly resistance (9784) will become new support, consolidate for a while and shoot up to our next target 11k, 11133 to be exact. 2- Retrace to 4hr fib 38.20% level (9244), 2nd leg and head for the target 11133. 3- Retrace back to Daily 38.20% fib (8435), which was also previous monthly R/S, and a major monthly trend line(Support) crosses through. Bitcoin is heading for the starts but needs to retrace in order to keep it making higher highs! The question is how much will it retrace?
BITSTAMP:BTCUSDLong
by kewanhedgefund
2
Looking to short NZDJPY on ABCD patternNew Zealand new Prime Minister Labour Party Ardern is implementing new policies such as reducing immigrants can affect the economic growth. Also lack of details in RBNZ cause uncertainty about future monetary policy outlook. So I am bearish on NZD From the chart, market is actually moving side way (200ema is flat). However, since the election, NZD has dropped significantly and price is below 200ema. There is a downward bounce (ABCD) formation. I am looking for pullback and short at previous low. Reward to risk for this analysis is 5 : 1
Short
by hzs