Anatta0

Anatta0

Knowing that how japans struggling through its recent reports I am mostly fine to see that japan is having more trouble out of Covid-19 which we all clearly saw how the GDP dropped and industrial production was gloomy from recent reports. It's a bet against who is fine then whom at the moment and recently the more pain or pressure we say is on japan more then Uk.

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Sterling could be in for additional volatility as the U.K. jobs figures are due and might set the tone for BOE policy expectations. If the actual figures beat expectations, however, it could spark a strong bounce for pound pairs as this would likely dampen BOE rate cut hopes. The pair is floating around 38.2% Fibonacci retracement level, which coincides with an...

Anatta0

Risk appetite appears to have improved somewhat during the Asian session, and the Loonie has been the strongest among the comdoll bunch. This is likely because the commodity currency is having some strength after Canadian data and a pickup in crude oil as well. After all, there are speculations that the OPEC could consider an increase in output cuts or at least...

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After breaking below its long period ascending trend line, this pair pulled up for a quick retest and is now ready to gain power on its downtrend. EUR/JPY is now down to the 38.2% Fibonacci extension, and moving averages suggest that further losses are in the works. The 100 SMA crossed below the 200 SMA to confirm that bearish momentum is in play, and the former...

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The leading indicator has already pointed out exhausted bullish. Technically talking we all can see dxy has extended a lot high due to some past week greenback power over most of its counterparts. Last week it was an almost risk-off market situation where safe haven did most well and the case dollar been dragging most of its counterpart creating some bullish...

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The Reserve Bank of New Zealand will likely give the Kiwi a boost of volatility in the upcoming Asia session with its latest statement on monetary policy. Expectations are for no change this month as recent economic data has been net positive, and as they wait to see the full extent of damage the COVID-19 is set to do to the world economy. The scenario to watch...

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Bullish vibe incoming!? This is no pure investment advice but to be honest, seeing the drop in dxy and the way how market risk sentiment have changed after ny entering this plan seems lucrative.

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U.K.’s first GDP reading, which is expected at 0.0% after a 0.4% reading in Q3 2019. If weak expectations then we could see GBP/USD drop below its 1.2875 weekly lows (weekly pivot s1 level) and maybe even make a run for the lower s2 or beyond. This is still possible given Cable’s daily ATR and its move so far today. If today’s data dump allows the BOE to avoid...

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It looks like a successful break-and-retest. AUD/JPY found resistance at the former support level around 74.25 and is resuming its slide to the next downside targets. The 38.2% Fibonacci extension level appears to be holding as support at the moment, but stochastic has room to move lower before reflecting exhaustion among sellers. Bearish pressure could still...

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This pair seems to have broken past the neckline of its double bottom pattern, signaling that a reversal from the downtrend is underway for the long time horizon.

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This is not a guarantee investment advice but seeing the potential risk to reward for upside and knowing the ECB head Lagarde due to give a speech in some minute I thought this pair will have some good volatility. Knowing that during the Asian session the latest updates on retail sales and trade balance for Australia were worst then forecast and previous but the...

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Risk appetite has recovered in recent trading sessions as China seems to be stepping up its game when it comes to keeping the coronavirus outbreak and its impact on the economy contained. This was enough to bring EUR/NZD down to the 38.2% Fibonacci retracement level on its recent rally, and it appears that buyers are trying to defend this area. Price is currently...

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A strong U.S equities market and risk-friendly trading environment have helped push and breakout USD/JPY above a descending trend line on the 1-hour time frame. The pair were consolidated for a while London entered but then somehow the global positive risk sentiment news concern to coronavirus saying "China finding an effective drug to treat people with new...

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China to allow in U.S. health experts as the virus shows no sign of slowing. Coronavirus confirmed cases at 20,438; fatalities at 426. RBA kept interest rates on hold at 0.75% as expected. RBA: Signs that global growth slowdown is coming to an end, bushfires, and coronavirus to pose short-term threats only.

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Aussie pairs got a good boost from the RBA decision in the Asian session as the central bank sounded optimistic about global and domestic growth prospects. However, this bullish reaction might be short-lived as market players remain mostly risk-averse while coronavirus contagion fears are present. AUD/CHF is trading below 200 SMA visible on its 1-hour time frame...

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EUR/GBP is currently retesting the broken support zone which lines up with the 38.2% Fibonacci retracement level. I assume the pound has some more strength left comparing to euro and there may be some pullback scenario (continuation of downtrend) seeing the market structure and price behavior. If price pullback from 38.2% Fibonacci and we plan our short idea from...

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If you checked my earlier yellow metal idea the case is same here!

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A rising wedge formed during a downtrend typically results in a CONTINUATION (downtrend). Price floating below daily pivot level so far indicating bearish sentiment on the oil market.