Now I can confirm pattern Triangle on USD JPY currency pier. So just wait for crossing of T1 or T2, than we can make trade decision for arround 100 pips. I will update immediately after crossing.
Turkish lira continuously weakening. The lowest price was reached in 2018 7.080 against US dollar, looks like the same level will be reached soon. Rising tention with EU about refugies, turism crisis (actually tourism is on of the main parts of the economy), so the mix of this two fundamental factors will push TRY lower.
US dollar= Japanies yen currency pier is loading for the big game ! Pattern triangle on H4 chart, actually the pattern is neutral, not bullish or bearish, but you can make decision after crossing of T1 or T2 trendlines, trading on a same direction. Wish you successfull and healthy week !
Crude Oil price plunged to $27 per barrel. 2 most important targets to analyse 2006 ($26.10) and the lowest $10.38 per barrel, which was in 1999. Now everything depends on Saudi and Russia negotiation
The signal is confirmed, hollow the trend until Target1
Long term analysis on US dollar - Ukrainian hryvnia currency pier - now trading at 24.973. Fundamentaly US dollar is weak, but most of major currencies are decreasing do to Coronavirus Crisis, so there is kind of a balance on Foreign exchange market. So the pattern Head and Shoulders looks perfect, which is a signal to buy USD against AUH, but we need to follow...
EUR USD Target 2 - Done... Red monday on stock markets, oil down with 30%, Saudi Aramco -38%, airline stocks following downtrend, no all eyes on policy makers. To make weekly decisions we need to wait US session, when weekly trend will be formed on Foreign Exchange Markets
USD rally for last week will stop now. I predict recover to 23 fibonacci level of last trend (1.1320). BUT for longer term forecast we need to understand FED sentiment next week
EURUSD just touched first target, which was posted 2 days ago. Follow to receive more details about this signal
Following our signal on USD TRY (Posted one week ago). Pattern sperandeo was not formed ideally, but signal was right, still the target is S1 support level 5.9880
Longterm analysis on EUR - USD pier - Due to FED desicion yeasterday USD has lost its dominating position against major currencies. from 1.0884 up to 1.2000, but its is just a bigining. Here is weekly chart and you can find 3 most important resistance levels of 2019 traget 1 (1.1243), target 2 (1.14.6) and target 3 (1.1569). If ECB will not change its policy until...
Sensitive situation on GBP CHF currency pier, the pattern brilliant just finished on daily chart. Now we can follow reversal pattern sperandeo, if price will cross T1 trendline, target will be 1.2247, second target T2 trendline. But be careful and follow news
Price has touched exactly that price which was posted last week - 1.1071 Some times you need to be a sniper in FX trading !
Close your profit ! US dollar - Russian rouble currency pier just crossed our target - 65.581.
Following last signal - price has reached first important resistance level. You can enter market after crossing 1.0884. Also do not listed to some speculators about coronavirus impact on Forex market !
Euro - US dollar rally is almost finished, but still we need confirmation to long USD. Look at red fibonacci zone (23% level-1.0884) is the most important resistence level, after crossing of this price trend may reach R1 target (1.1071). You can fix your profit on T2 trendline.