CityTradersImperium_CTI

CityTradersImperium_CTI

The US dollar fell significantly this past week, a stark contrast to the one prior. As is often the case at the start of any month, the NFP (Non-Farm Payrolls) was a chief talking point, which unfortunately went against the greenback. Meanwhile, the Japanese yen continues its losing streak despite favourable fundamentals. In our latest report, let's cover these...

CityTradersImperium_CTI

Introduction The winners and losers in the past week within the FX market were the same as the previous. Yen remains heavily shorted, while the Australian and Canadian dollars reigned supreme against the competition. While the USD dollar had mixed results on the economic calendar, it held decent strength against a few currencies. These are a few markets that...

CityTradersImperium_CTI

Introduction The Japanese yen continues to take a beating in the forex markets. Meanwhile, the Aussie and Canadian dollar were the strongest currencies in the past week. USD was the surprise from our initial short-term outlook thanks to a meagre rise in Retail Sales. Read on to learn about what happened in forex last week and what to expect for this one. ...

CityTradersImperium_CTI

The euro and Japanese yen were the biggest losers in the past week, facing losses against several currencies exceeding 1%. Both markets declined based on their expected short and long-term outlooks. The British pound also lost some ground recently, aligning with a few fundamentals. Of course, there are other interesting developments to observe to begin yet...

CityTradersImperium_CTI

In the H1 time frame, the EURUSD is showing a bullish trend. The demand level highlighted in blue below appears to be a strong continuation level for a buy position. Consider buying at this demand level when the price first touches it.

CityTradersImperium_CTI

In the H1 chart of the GBP/JPY, we observe that the price has moved upward in a compressed manner, indicating buyer weakness. Above the current level, there is a significant supply zone, which appears to be an ideal point for initiating a sell position upon the first contact with the price. The longer it takes for the price to reach this supply zone, the better...

CityTradersImperium_CTI

In the H1 chart of USDJPY, it is evident that the price rapidly dropped by 300 pips, creating a new supply level. Gradually, the price retraced back to this level, which presents an excellent opportunity to initiate a sell position on the first touch of the price.

CityTradersImperium_CTI

It appears that the bearish momentum of EURUSD is likely to continue, and on the weekly chart, it seems the price is on its way to the 1.0000 zone. The supply level above could serve as an excellent continuation level for opening a sell position on the first touch of the price.

CityTradersImperium_CTI

The new fresh supply above can provide a great opportunity for a sell position with an excellent risk-reward ratio. Sell on the first touch of the price at this supply, and the target will be the demand below.

CityTradersImperium_CTI

EURUSD 4H time frame, the price is just between 2 critical levels, the supply above marked in red is relevant to look for a sell position on the first touch of the price while the demand below in blue is a great level for buy position, both levels holds unfilled orders and relevant for swing traders.

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In the 4-hour timeframe of XAUUSD, there's a support level marked in green below. If the price breaks below this support, it indicates a potential move towards the demand level at the bottom. In such a scenario, it's advisable to seek a sell position opportunity and watch for a clear sell setup in the price. Conversely, if the price reaches the demand at the...

CityTradersImperium_CTI

In the 4-hour chart of GBPJPY, there is a potential Head and Shoulders pattern forming. The supply above presents an excellent opportunity for a sell position, possibly serving as the shoulders line if the price reacts accordingly. The black line below represents the neckline and serves as the first target for this position. Ultimately, the support at the bottom...

CityTradersImperium_CTI

BTCUSD has surged unexpectedly, hitting its highest point where it was a year and a half ago. Consensus suggests that BTCUSD is poised to establish a new record shortly. However, there is speculation that a price correction might precede the continuation of the bullish trend. Notably, the demand observed on the weekly chart below appears to present an excellent...

CityTradersImperium_CTI Updated 

In this 4-hour chart of GBPUSD, the marked red area indicates a notable supply level, suggesting a potential price movement toward it. Consequently, the blue-marked demand below appears to be a continuation level for the price, presenting an excellent opportunity for a buy position. The supply above is identified as the ultimate target and also a great level to...

CityTradersImperium_CTI

It appears that the GBPJPY price is heading towards the supply above, as evident on the 15-minute chart. This supply level signifies a notable imbalance between buy and sell orders, contributing to the rapid decline in price. It presents an opportune level to contemplate initiating a sell position, especially upon the initial contact with the price. This...

CityTradersImperium_CTI

Following the BTCUSD price testing the $49,000 area, indications suggest that the next target is the $55,000 zone. The highlighted demand, marked in blue below, appears to be an excellent level for initiating a continued buy position, with the target set at the $55,000 level.

CityTradersImperium_CTI

The previous instance of GBPJPY reaching this level occurred in 2015. On the weekly chart, there is evident supply established in August 2015, marked by a price drop from that level. The price has not revisited this level until the present. The specific supply level, highlighted in red above, presents a favorable opportunity to initiate a sell position when the...

CityTradersImperium_CTI

The S&P500 has recently reached an all-time high, and despite the ongoing bullish momentum, purchasing at this elevated level entails increasing risk. The initial demand zone labeled as Demand - 1 appears to be a favorable entry point for a buy position. However, given the current high level, it is advisable to monitor for a potential breakout from this demand. In...