SNR
WEEKLY FORECAST Looking at the current market condition, regarding positive cpi report which came lower giving EUR the push to the upside. now which looks to make a snd and snr patterns in the following week.
despite all the efforts on the push to fight against Inflation is still quite brutal and would still push EUR against the dollar in the downside for long run. however its only analysis based on my sole view and not a recommendation to any typical position taking decisions.
thank you
Weekly Forecast Hello traders! Well, this is purely based on my Analytical view. USDJPY has been showing quite a hawkish moves in the few months, in regarding current market conditions and its fundamentals. In this chart, we can see a recent rate decrease due to the last CPI Report which came out thursday carried most of jpys pair in a downtrend pushing the EUR up by increasing rates which leads to reduce the Dollar Index in the fight against inflation. With the persective on the current word market jpy could still show a upfrend in coming weeks and eur could still fall as the recession fears soars. But for the weekly chart produced in this content we well stand by to see few rejections by the retracement areas and pushing by only if it succeeds to break off those barriers.
Thanks.
GOLDPlease leave your comment for improve my analysis.
ATTENTION THIS ANALYSIS FOR MY EDUCATION ONLY NO SIGNAL PROVIDE.
This is My analisis for pair GOLD
FX:XAUUSD
EURJPYPlease leave your comment for improve my analysis.
ATTENTION THIS ANALYSIS FOR MY EDUCATION ONLY NO SIGNAL PROVIDE.
This is My analisis for pair EURJPY
FX:EURJPY
Short EURUSD at 1.05864There is a "narrow" candle just before a downward "STRONG" move!
Since it took only "1 hour" for the price to pass through this prices, there might be still some inactivated orders there!
Also some economical reasons has moved the market from the zone that might still be authentic.
The price has perfectly gone far away from the zone.
the Higher time frame is " Strongly BEARISH"
There are strong buyers at 1.04! So watch the market carefully!
GBPUSD Short! Trend is Bearish regarding daily analysis.
There is a broken zone around 1.2437
The zone was broken by an engulf which leads to a base and a DBD!
The first shorting chance was around 16th of Jun.
A new SR has been formed there
A minor SR could be find a little lower of around 1.2342 Markets may fill the stop hunt of it.
We see a compression in the bullish move and the zone may work again.
There might be some long option at the green zone nut enter them after a confirmation.
For having a risk managing strategy you need a evaluation of win% and average TP-to-SL, so trade regarding your own knowledge and experience so you can manage your experience and knowledge and use this post like an educational reference !
EURJPYPlease leave your comment for improve my analysis.
ATTENTION THIS ANALYSIS FOR MY EDUCATION ONLY NO SIGNAL PROVIDE.
This is My analisis for pair EURJPY
FX:EURJPY
gold next week this is the only my own opinion. gold probably make retracement before continue going uptrend. or else we just wait for ani near by Snr to breakout.
