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Rising Wedge Breakout in GBPCHFHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see that the pair is currently in middle of the Support and Resistance. It has given a Rising Wedge Breakout. But since the trade has not yet retested and considering that its in middle of the Support and Resistance level our suggestion will be to wait for the confirmation. Let us know your views on this in the comment section. Thank you all. There is a good news for our followers. We will be doing analysis on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R.Lopes
by Ryan_lopes
Greenback Vs Yen (USD/JPY) Trade Strategy and Plan-Industries have not been hurt by the administration's trade actions. -There is no uncertainty with regard to trade worse. -The cost of doing nothing was killing us as a country. -China starting big agricultural buys if they don't make a deal with China they will substantially raise tariffs on China imports. -The situation between China and the US involves more conflict than the world has seen before, but eventually, we'll resolve it because this is the best way for both. -There will be a trade deal. -There will be one deal after another, and one issue after another will be resolved but it can take a lot of time. "They are dying to make a deal. We're the ones that are deciding whether or not we want to make a deal," Trump said of China. "We're close. A significant Phase One trade deal with China could happen. It could happen soon. But we will only accept a deal if it's good for the United States and our workers and our great companies."
Long
by Anatta0
Uncle Sam wanna dip further tonight on employment update.Beware!The FOMC statement of yesterday quickly brought the pair down to the bottom from the top of the range. With expectations that we will see some job sector softening based on rising job cuts data and some weakness in yesterday's ADP Private Payrolls report (September's total for jobs added was revised down from an initial 135,000 to 93,000), it is possible to continue its intraweek trend lower if government data confirm the weakness. The momentum is in your favor, and if we see a poor update of U.S. employment and a currency reaction, it may be time for action. A warm number of U.S. jobs will probably attract buyers, not just fresh ones, but will probably result in profits from yesterday's fall so be careful with that. Cheers and have last week trade ahead ;)
Short
by Anatta0