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Weekly Perspective (Guppy)Hey Guys, GBP/JPY continues sharp breakout flow on Thursday to hit its highest level since early-February, extending the sharp breakout move that has been in place for more than a week. This breakout was initiated last week on April 18th, after UK Prime Minister Theresa May called for a snap election to be held in June.This political move was undertaken so that May could secure a solid mandate to deal with difficult negotiations with the European Union as she sees fit, amid the ongoing formal process of UK/EU separation. The pound rose sharply on that announcement due in large part to the fact that May’s Conservative Party remains far ahead of the Labour Party in polling. This would then promote greater stability for both the UK and its currency.As the pound has continued to rise in a relief rally, the safe-haven Japanese yen has fallen sharply for more than a week as a strong, risk-on environment has taken hold of the markets. This has especially been the case after this past weekend’s first round of the French presidential election, which showed the market-friendlier Emmanuel Macron gain increasing support over his far-right rival, Marine Le Pen.During Declining Brexit concern that has alleviated pressure on the pound, as well as decreased risk aversion in the markets that has reduced demand for the yen, GBP/JPY has correspondingly been boosted sharply to break out well above a key downtrend line extending back to December’s 148.00-area high. This surge has been sustained up to Thursday and could continue to drive GBP/JPY higher, barring any UK political surprises or major market-disrupting events on a global basis. The next key upside resistance level is around the 145.00 area. With any further breakout above 145.00, GBP/JPY could once again begin to target the critical 148.00 resistance objective. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing Forex Team
Long
by GrowingForex
weekly outlook 24th-28th April 2017 Hey Guys ~AUD/USD is among the list which i'm gonna target this week. ~As you guys can see on the chart that pair is inside the correction structure with almost heading on the direction of 1'o'clock. ~We don't see any Impulse wave that breaks the previous high. ~We are definitely looking for a break southwards,with price hovering around the resistance area where we think the sellers are sitting so you guys don't forget to catch this big move. ~Although a break above the bearish channel would change the idea. ~I'll be updating this pair throughout the week so stay connected to us. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing Forex Team
Short
by GrowingForex
Dominance of Euro Or the Dovish Draghi.Weekly Outlook 24-04-2017 - 28-04-2017 ~ Market opened with an expected gap witnessing France election & the Euro dominated the world.Now the point is will the Euro continue its run of will it fall. One cannot predict it from the current scenario As we need more conformation. ~ So talking about ideology on Eur/Usd is, this pair is going to fill the gap if it has to move towards north or its may first take a move towards north & than decline. So far we are still neutral on this pair for a longer run but you can trade it intraday & make some bucks on it. ~I hope you guys understand my hesitation on this pair for a longer run. ~ Dont forget to keep an eye on the S/R. (might be a reversal) Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Motivational Quote: Cut The Cloak According To Your Cloth Good Luck...!! Regards, Growing Forex Team
Short
by GrowingForex
4
Positive Gap! Gap! Gap! hey guys ~any continuation to the down side will indicate a move towards south. ~ if you see a impulse instead of correction once it reached our target than wait for continuation on the move towards the north. ~ buy the dips or sell the bounce. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Motivational Quote: Cut The Cloak According To Your Cloth Good Luck...!! Regards, Growing Forex Team
by GrowingForex
weekly outlook (DXY host EUR/USD)hey guys As you all are aware of the political risk that surrounds us every time let it be Brexit or maybe an upcoming Frexit we don't forget to find trade setups & we don't stop trading so lets grab the opportunity & start the week with positive vibes. Coming to the technicals we have a possible move towards the south in the DXY which we still think is active & on the flip side we have the EUR/USD to make a possible move towards the north.I can simply suggest you to follow the price on the lower time frame for better results. Don't forget to hit like & PM us for any queries.
by GrowingForex
A Long Term as well as Short term idea (ZR)Dear Traders, There is lot of indecision in the market because of geopolitical issues and french election. As we are seeing price of dxy getting down very sharply but eurusd price is not rising in comparison. Currently,price is in bearish flag with abcde wave. E point will be most crucial point because if it breaks then it leads the price towards 1.0810, 1.0875, 1.0950. if price does not break crucial point then there will be big opportunity for seller to the price of 1.0570, 1.0495, 1.0432, 1.0378. Short term position can be taken only in bearish flag. Let see !!! Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing forex Team
Short
by GrowingForex
weekly outlook USD/CADhey guys, ~ last week we were waiting for some price action either a continuation or a impulse to enter the market as you see on the chart its marked in a blue circle. ~ as of last week the pair formed an impulse and broke the trend line & even the bollingers middle band that sort of price action indicated a change in trend. ~ the impulse is on its last stage to complete its corrective wave & it will head northwards. ~ the trick & tips here is that you guys follow the price action for further continuation on the lower time frame. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing forex Team
Long
by GrowingForex
weekly outlook US Dollar IndexHey Guys, ~ I'm Anticipating A Wave southwards Due To The Price Action. ~ The Pair Made A Strong Impulse Followed By The Correction & These Strong bearish Impulse Can Be Traced As Shown In The Chart Indicating A Strong bearish Momentum. ~ The Price Broke The Trend Line or the rising wedge And The Middle Band Of The Bollinger. ~ As Of The Now The Pair Is Headed southwards Towards The Next support As Shown In The Chart. ~ The Tricks & Tips Here Is Follow The Price Action On The Lower Time Frame & Look For More Continuation Patterns. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing forex Team
TVC:DXYShort
by GrowingForex
weekly outlook AUD/USDhey guys, ~ i'm anticipating a wave northwards due to the price action of last week . ~ the pair made a strong impulse followed by the correction & these strong bullish impulse can be traced as shown in the chart indication a strong bullish momentum. ~ the price broke the trend line and the middle band of the bollinger. ~ as of the now the pair is headed northwards towards the next resistance as shown in the chart. ~ the tricks & tips here is follow the price action on the lower time frame & look for more continuation patterns. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing forex Team
Long
by GrowingForex
weekly outlook NZD/USDhey guys, ~ i'm anticipating a wave northwards due to the price action we saw last week ~ after a strong impulse we saw a corrective structure an indication of trend continuation ~ as of last week we saw the price breaking the trend line which was a strong one from past 3 months. ~ the price broke the middle band & the trend line indicating a trend reversal. ~ the tricks 7 tips here is follow the price action on the lower time frame for further continuation pattern. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing forex Team
Long
by GrowingForex
NZD/USD weekly outlook 10-04-2017 ---- 14-04-2017 (AP)hey fellas, 1. Technical Analysis ~The New Zealand Dollar may be preparing to re-accelerate downward for a challenge of lows established in early March against its US counterpart. ~Prices appear to have cleared the bottom of their near-term digestion range, paving the way for resumption of the downtrend begun in early February. ~From here, a move below the 0.6890 area opens the door for a test of the 0.6847 zone. ~Alternatively, a reversal above the 0.6995 region exposes 0.7076 & 0.7133 area./ 2. Fundamental Analysis ~14-april-2017 (Fiday) 12:30pm(Ist) retail sales & CPI of US. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Altaf Palwala
Long
by GrowingForex
A Bearish Flag pattern (ZR) 9/4/17Dear Trader, This is weekly forecast for usdjpy from 10/04/17--14/04/17. As we can see from the date of 15th March Rate hike by .25bps seller has taken control over UJ pair and also another reason for Yen demand may be Risk of French election. There is a expectation of price rising to the resistence line of 111.65 after opening of forex market on monday, then downfall will start. For more reference of USD Pairs follow my dxy idea,link attached. Take Profit: 109.03, 108.01, 107.04 . Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing forex Team
Short
by GrowingForex
USD/CHF 14-04-2017 (AP)Hello traders, firstly i would say don not trade on the previous idea of usd/chf. ~the pair broke the support line of the rising wedge & is headed southwards with the dollar index moving down the swizzy can gain some momentum. ~ sell the rallies,wait for the impulse & continuation. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing forex Team
Short
by GrowingForex
A Bullish Cypher with Breakout idea (ZR) 10/04/17Dear Traders, As we are seeing that Seller has full control on eurusd that is why we must be cautious and trade after breakout for Short. if breakout happens then we can go short to the price of 1.0448, after approaching this price we will get a bullish cypher and take a long position to the price of 1.0678. conservatively,if breakout happens then price must retest the trend line and have continuation. In case breakout does not happen then we can go long to the price of 1.0678, 1.0750, 1.0799. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing forex Team
Long
by GrowingForex
EUR/USD 04-04-2017 (AP)Hello Dear Traders, 1.The pair is forming a descending triangle & a break below 1.0649 would open doors for 1.0620 & later 1.0580. 2.the pair's outlook is still negative & break above 1.0700 would trigger 1.0750. 3. News to follow today is Speech by the President on the occasion of the launching of the new €50 banknote at the E.C.B in Frankfurt, Germany. with no supportive news From the US Dockets today. 4.Enter the trade on the breakout of 1.0649 & target at the 1.0620 or 1.0580. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck...!! Regards, Growing Forex Team
Short
by GrowingForex
Eur/Usd 28-03-2017 (AP)Hello Dear Traders & Welcome To Growing Forex After The Major Downfall Back In 2015 The Pair Is Trading In A Consolidation With No Clear Direction.The Pair Is Forming A Double Zigzag As Of Now But Can Make Possible Move Of Triple Zigzag Correction.As You Can See In The Chart The First Wave Of Zigzag Correction Where Point C Falls Short To Complete Its Flat Pattern Therefore Indicating A Double Or A Triple Correction.(#Flat Correction#Wave C Falls Short Of Wave A #Indicating A Double Or A Triple Correction.)The X Correction Is A Zigzag Followed By Wave A Having A Zigzag Inside That Can Extend Up To 1.0978 Minor Resistance.If The Pair Breaks Above This Levels Next Target Would Be The 78.6% Of Swing High & Swing Low Which Is The Second Trend Line Above.On The Flip Side The Pair Can Triangle Correction (Flat + Any three + Triangle) But The Possibilities Are Less. Note: Try Creating Pockets. Note: Please Leave Comments For Any Query. Disclaimer: Trade At Your Own Risk. Good Luck, Regards, Growing Forex.
Long
by GrowingForex