US30 Wave and Price action AnalysisHello, traders
We have a bullish impulse wave and a regular flat correction pattern, and another bullish impulse wave started, breaking the last top of the sellers, and we have a small correction that ended, and the buyers began to push the price with increasing momentum. This indicates that US30 is heading to break 34273 first, then 34896
Logicstrategy
US oil (LONG) Hello traders
in today session i buy USOIL
But when the top of the small correction is broken, the stop loss is placed at the entry point because there will be a divergence on the MACD indicator, the first target is the top of the big correction, the second target is the level of 1.618, so the stop loss is below the range on a 5-minute frame
EURGBP ANALYSISEURGBP is going lower. My point of view is the same as my other post.
DISCLAIMER: This is not a financial advice.
BTC expect some good chance to buy.here this two line is a strong strong Resistance zone. and you can see previous candle i show you.
huge huge green candle at this area..
so i expect a reverse at this area.. just need some good candles show up.
even this resistance break. there also a chance bulls turn back.
EURUSD chance to shortif you check the past you can see every time buyers come to this area big sellers enter
and we are in a major down trend
candle become weak, i think sellers will enter the market
GBP is wait for buyingat this situation you can see we are in a major uptrend.
and the buyers always make a higher high.
so at this situation buyers are strong.
at the uptrend always make a buy choice.
you can see the level i show you. the market could reverse at the level.
so all we need is a reversel sign.
GBPJPY Long AnalysisHello!
I want to give you some information about this analysis
So .. I chose a "Buy" position because the price intersects with several confluences of mine ..
E.g.
The price is in a demand area, it intersects with my round number, daily support and daily trendline.
As we see in the picture, the price retested my area + the round number 150,000 and the Daily trendline
Many confluences-Better chance to WIN :3
So that's why I'm going on a purchase here, because I have a good feeling for this pair.
Follow me for more explicit analysis..if you like it! <3 Thanks for viewing.
If you have different opinions you can write them in the comments section <3
Wyckoff Accumulation on EURAUDThis Accumulation Process took 1,5 week to prepare for a bullish uptrend. Took out Retail Minded Traders
NZDUSD 1:3 Risk Reward + Short Coming SoonLogicStrategy Fundamentals
24/05 NZD Negative LogicStrategy Flip - This is where the Logikfx scores shift from net positive to a net negative on NZD
28/06 USD Positive LogicStrategy Flip - Logikfx scores shift from net negative to net positive on USD
Insider Information
Hedge Funds Nets Long USD since 2018
24/06 NZD Negative COTA Flip - Hedge Funds positions shifted from a net long bias to a net short bias on NZD
Technical Analysis
21/07 Price Enters Long Term Sell Zone, RSI Daily Divergences.
Waiting for Retrace to Enter.
USDMXN 1:4+ Risk Reward LongFundamental Quant scores:
USD: +8
MXN: -6
Recent economic data suggesting USD strength in the future, on the flip side MXN data has been negative.
GBPNOK 1:4 Risk Reward LONGFundamentals suggesting potential reversal for GBP.
Technical daily morning star, common reversal price action.
Followed by a weekly distribution zone over long term could see smart money buyers.
CADCHF 1:2 Risk Reward (Potential Setup)Fundamental LogicStrategy Scores:
- Strong signs for CAD +22
- Weaker signs for CHF -27
CAD Fundamentals:
- Retail sales 1.1% increase by 0.1%
- Core retail sales increased by 1% massive jump for consumer consumption towards GDP
- Manufacturing sales 2.1% increased from -0.2%, this is a big component for exporters, more sales meaning higher consumption domestically but also abroad for domestic goods.
- Employment numbers up in Canada showing more people being employed leading to higher consumption, more spending, more investing and more demand for the currency.
- 9th may Exports increased by 1.05 billion, exceeding expectations of by 1 billion.
- Massive increase in the construction industry 235.5k housing starts leading to healthy lending from the banks, more employment from construction, more demand for imports for materials and more producer/manufacturing sales.
Overall healthy signs for the Canadian Dollar, undervalued currently as of my point of view.
CHF Fundamentals:
- Trade balance significantly lower than last month, dropping to 2.294Billion from 3.2Billion
- GDP was above expectations however already priced in no market volatility from the release.
- PPI had no growth sitting at 0% decreasing by 0.3% suggesting price of goods are not changing leading to no inflation and no changes to interest rates.
- Consumer confidence dropping to -6 from -4 showing the domestic consumers are not very certain of the future currently, leading to reduced consumption in the economy ands spending overall.
- Leading to Retail sales figures of -0.7% a very large drop in sales in the country
Overall, a weak month of data for the CHF all leading to less demand for the CHF.
GBPCHF Fundamental LONG Bias LogicStrategy Scores are showing favourable signs of a GBPCHF long.
(LogicStrategy = 24) GBP Important Fundamental Considerations for a Long Bias
- Public net borrowing was less than forecast, indicating cable has a stronger potential than expected
- Consumer price index has seen a positive change than previously YoY
- The property market is showing signs of health, with the average cost of properties rising by 40 basis points.
(LogicStrategy = -27 )CHF Important Fundamentals
- Unemployment levels, in comparison to last year, have shown no signs of improvement - meaning the productivity per person is restraining economic strength
- Input prices of goods and services have shown a 40 basis point decrease. This is then past on to the consumers allowing them to purchase goods more cheaply, which may drive authorities, monetary and government to have an inflationary stance. If this occurs the CHF currency will show signs of weakening overall.
GBPUSD Long Term Outlook (High RR)Fundamentals picking up for GBP with a falling price. This shows the intrinsic value of GBP is yet to be priced in, waiting on technical confirmations before entry.
Waiting for:
- Candle formations
- Higher Highs
Any confirmation towards the upside.
GBPUSD Fundamental LONG BIASThere has been a huge positive shift in the U.K economic readings on the LogicStrategy.
I would advise to wait for candlestick confirmations and keep a keen eye on further political agenda.
Fed has shown indication of inflationary policies, meaning a depreciation in the U.S dollar is a potential. The tariffs on China are signs of a deflationary outlook, so with the two contradicting outlooks between Trump and the U.S monetary statements, a logical judgement is difficult as of yet.
GBPAUD High Risk/Reward Fundamentals suggesting strengthening signals for GBP as the scheduled data releases all higher than previous.
Waiting on a technical entry, too early to jump in. Be patient and wait for a confirmation for higher success.
GBPCHF 1:5 Risk Reward LONG (Potential Setup)Fundamentals:
LogicStrategy Quant scores shifting in favour of GBP, compared to the weak score provided for CHF.
- This was following the recent decrease in unemployment in the UK down to 3.8% from 3.9%.
- CHF PPI dropping significantly to 0% with a forecast of 0.2%
- CHF retail sales dropped significantly this month, down to -0.7%
- SVME PMI down for CHF to 48.5 with a forecast for 51
All signs showing the safe haven CHF is overvalued and requires a correction whereas GBP has started to gain strength amidst brexit negotiations being extended.
Technicals:
- Waiting for any long confirmation signals before considering an entry
- still to early in terms of technicals
- Would like to see 4HR higher highs, buying power candle stick confirmations etc..
High Risk Reward CHFPLN SHORTCHF fundamental data isn't looking great, however, the recent trade talks may push the CHF higher as investor sentiment flocks to safer currencies. Will emotion take control of price or will the weak underlying value of the CHF take into effect on the price.
EURNZD 1:3+ Risk Reward SHORTTechnicals provided on chart
Fundamentals
LogicStrategy quant scores suggesting a reversal in EURNZD. Potential high risk trade idea going against the recent trend. Safest stop looks like 1.7195 however with greatly reduced reward.
EURCHF SHORT 1:2+ Risk RewardEUR has been hit with weeks of negative economic data. CHF on the other hand has been seen with positive data. This is a great swing opportunity over the coming week.
