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Forex-pips

AUD/USD Weekly Inverse Head and ShouldersHere we have a High time frame analysis on the AUD/USD pair . On the 1W TF we can clearly identify the formation of the Inverted Head and shoulders with the right shoulder to be completed over the next 24+ months With all the un certainties around the world of course anything can happen and this pattern can completely fail like any other if a big event occurs and if 2020 is anything to go by then its definitely possible . Despite that it will be interesting to see as the months go by how this will play out in the long term . Support me with a Simple Like and a follow ...Thankyou
Short
by SJTRADESFUTURES
2
EUR/JPY set for more upside movements...EUR/JPY set for more upside movements to come over the remaining part of this week. It’s a close call, but in terms of magnitude and sheer speed of movement, the USD/JPY resurgence from 105.77 at one stage last Friday to circa 104.54 (and counting) so far today is perhaps most eye-catching, especially when set against the Nikkei’s potenital ongoing rally and close just above 29.5k. However, from a chart perspective alone, the 2nd successive close below the DMA (now 105.54) was bearish for USD/JPY and the loss of 105.00+ status would have tripped stops set by short term longs and intraday jobbers looking for a rebound. Similarly, the Euro has managed to sustain momentum through 1.2050 and 1.2100 to surpass the 21 DMA just beyond the round number to expose 1.2150 and the 50 DMA around 1.2156, while the Franc has rebounded from sub-0.9000 to 0.8950+. I am now looking for over 200 pips north towards 129.00. Let's see how much bullish pressure will come from BOJ's offer to buy JPY 400bln in 1yr-3yr JGBs.
Long
by FTUKcom
5
It’s been a close contest for much of Tuesday’s EU session...It’s been a close contest for much of Tuesday’s EU session and is still likely to go down to the wire as the Aussie and Euro remain neck-and-neck in the race for first place among majors. Both currencies have gleaned encouragement from independent factors, such as Capital Economics calling for the RBA to terminate asset purchases by April and ZEW survey metrics exceeding expectations along with an encouraging assessment of the outlook for exports, but a broad Greenback retreat is the common denominator, as Aud/Usd and Eur/Usd attempt to secure grips on respective 0.7700 and 1.2100 handles amidst waning risk sentiment, and hefty 1.2 bn option expiry interest for the former bang on the round number. Back to the Euro, reports suggesting that Italian PM Conte is making progress towards building a majority in the Senate where he requires 161 votes to receive a 2nd vote of confidence could give the single currency another fillip if confirmed to breach 1.2150.
Short
by FTUKcom
4
My 5 major currency pairs which I am looking for next weekHey to everyone, hope you are well! Last week was in a good profit for me, still have open short position on GBPAUD, which is currently moving in loss, feeling good. Wanna share my main list of 5 currency pairs, here you are: 1) AUDNZD - on this pair we got a valuable area on higher timeframe H4, D1. The overall trend is to the upside, so looking for new impulse to the upside. On the lower timeframe we have the pressure from the bears. Anyway I pay my attention on that key level. 2) AUDCAD - The bigger picture introduced us the double top formation and beautiful impulse to the downside, according to the nature of the market - waiting for the correction. The correction could form a move of 80+ pips so gonna try to catch this move to the upside! 3) EURAUD - Perfect impulse to the upside from the bottom of the structure. Waiting for new impulse to the upside on the H4 timeframe. 4) GBPAUD - the entry from the last week. The same opinion about this one, waiting for the reversal and trend to the downside. 5) GOLD - just got a major key level of support, keep my eye on that level. (H4 timeframe)
by Infinity_Limits_Trade