Usdjpy - is market anticipating for something?Tradingview Ideas:
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Has been sideway for the past 6-7 days...something is brewing for USDJPY? Let's watch first..personally i dont have a crystal ball..lend me if you do... so not sure if its gonna break which way..though its still bullish. But let's see..
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Stbb
EurCad Looking for shorts on pullbackTradingview Ideas:
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GbpNzd a pullback for long?Tradingview Ideas:
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Watch out for the pair to go long, extended pair, but structurally still for me to go on long unless something changes
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Eurusd watching for pullbacks to shortTradingview Ideas:
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looking for reasons to short :)
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Usd index still bullish with it, watching for more upsideTradingview Ideas:
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As mentioned in my streaming, i mentioned that usd has no major change in its price structure, likely more upside and bias to long for the majors.
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[EDU-Bite Sized Mini Series]What is Forex?Beginning with this post, I'm excited to share free educational content diving into the intricacies of Forex trading. We'll cover everything from fundamental basics to advanced concepts and terminology. My aim is to ignite your curiosity about Forex and encourage you to explore this dynamic market with me.
Without delay, let's kick off this week's installment with "What is Forex".
Forex, known as the foreign exchange market, stands as the epicenter of global currency trading, facilitating the exchange of currencies from various nations. Picture yourself planning an international vacation to Europe from the United States. Before embarking on your journey, you'd exchange your U.S. dollars for euros at a currency exchange booth or bank. This simple act encapsulates the essence of Forex trading on a larger scale. Every day, trillions of dollars worth of currencies are exchanged in the Forex market, driven by the needs of businesses, travelers, investors, and governments.
For instance, consider a multinational corporation based in the United States that wants to expand its operations into Europe. To do so, it needs to convert its U.S. dollars into euros to pay local suppliers and employees. In this scenario, the corporation engages in Forex transactions to manage its currency exposure and mitigate risks arising from fluctuations in exchange rates. Similarly, imagine a forex trader in Japan observing economic data releases indicating strengthening economic conditions in the United States. Anticipating a potential appreciation of the U.S. dollar against the Japanese yen, the trader may decide to buy dollars and sell yen, aiming to profit from the expected currency movement.
The Forex market operates continuously across different time zones, allowing traders to participate at any time of the day or night. This accessibility provides flexibility for individuals and institutions alike to execute trades based on evolving market conditions. Beyond its role in international finance, Forex impacts daily life in myriad ways. Exchange rate fluctuations influence the prices of imported goods, travel expenses, and even interest rates set by central banks, ultimately shaping the global economy. As such, understanding the dynamics of the Forex market is crucial for businesses, investors, and individuals navigating the interconnected world of finance.
Gbpaud play the range on daily,h4 Hello fellow traders , my regular and new friends!
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Likely just gonna play along with this range formed on higher timeframe.
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Usdchf, might expect some pullback..ButHello fellow traders , my regular and new friends!
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But in general for Usdchf i am looking to long
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Usd could be seeing more upsideHello fellow traders , my regular and new friends!
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USD did broke up its downtrend line on higher timeframe and now still continue doing so. likely more upside to come. could be heading for 105 and 106.
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EurNzd to move higher?ello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Last week i mentioned about GbpNzd, took quite some time for the breakup. small rangy moves over the last week for both EurNzd and GbpNzd. the wait was over on thurs.
Can see more upside..prefer to have some pullbacks to long. Shall watch.
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Felt weakness in GbpChf..lets see..ello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Watching for this sideway on h4 to breakout...lets see...
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If Boj decided to up its rate, nikkei could see more down sideello fellow traders , my regular and new friends!
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simple as that as mentioned in title. :)
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UJ could have a little upside more,note BOJ and FED ratesHello fellow traders , my regular and new friends!
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This week gonna be a hectic week for most of the majors with the interest rate news. There are levels to watch on UJ and catch up with me on my streaming to hear me out on deeper analysis!
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Approaching 103.80 and downtrendline...take note..ello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Usd did what it should be last week to hold and break higher.
After a week of pullback is it on track to go down again?no crystal ball here..but will watch the price action and the avalanche of high impact news coming this coming wee!
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Gbpnzd bias to go higherHello fellow traders , my regular and new friends!
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It could also possibly be the case of a h&s on the h4...watch the price action as it unfold, be flexible :)
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Usdjpy 4 down candles and counting..likely bounce 146?Hello fellow traders , my regular and new friends!
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Potential bounce at 146 zone, do check that area out. If bounce it coming, could be better to watch jpy crosses like gbpjpy or audjpy as well for longs.
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Gbpchf pretty extended, long with careHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Still looking to long but long with care...
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Audchf somemore upside?Hello fellow traders , my regular and new friends!
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pullback could be in place but likely to look more to the upside and taking longs on pullbacks
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Usd could get some bounce,retracementHello fellow traders , my regular and new friends!
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USD broke lower from its recent range last week, hitting a potential demand zone at 102.50 with doji on daily. expecting some pullback before resumption of downtrend...
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Heavy on the AUDNZD as well,watch for lower timeframeHello fellow traders , my regular and new friends!
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Watch out Audnzd for a turn. :)
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Usdjpy does looks heavy but...Hello fellow traders , my regular and new friends!
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Looking at UJ it does look heavy, also on other jpy crosses they are turning with Lower low and lower highs. Could likely continue the downtrend with jpy strengthening~
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Euraud likely more upside coming?Hello fellow traders , my regular and new friends!
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Believe that this is a lower timeframe bullback for more upside. Let's see.
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EU , the flip chart of USDHello fellow traders , my regular and new friends!
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EU which is highly correlated with USD will depend on how USD move,vice verse. Therefore similar conclusion ...wait for breakout if u want clearer directions.
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