GPY/JPY looks to be consolidating on the trend pattern on the 4h chart.
Either can go down from here as far as technicals but on the fundamental side things aren't looking too good for the Japan economy.
PRICE IS CONSODILATING AND FORMED A BULLISH FALLING WEDGE PATTERN. PLUS WE CAN SEE A TRIPLE BOTTOM PATTERN IN THE DAILY CHART. FROM HERE I THINK PRICE COULD POTENTIALLY GO UP TO 1.20 AREA. ALSO THE US MACRO ECONOMIC SITUATION SEEMS TO BE GETTING WORSE, WITH THE DELTA VARIANT SPIKING AND STATES ARE GOING BACK TO LOCKDOWN. GOOD LUCK EVERYONE.
PRICE BROKE DAILY DONWTREND LINE, AND COULD POTENTIALLY BREAK BIGGER TIMEFRAME TREND LINE. IF SO WE CAN SEE BITCOIN BREAK ABOVE, PRICE MAY REACH TO 44K.
Hi fellow traders, big night for all the Dollar bulls out there. The FED just changed their approach on rate policy. They are planning to raise rates 2 times till 2023. All the way up to 2%. So we can expect the downtrend to continue. We could see pullbacks, but I feel most of investors are bullish on USD from this moment on. So as retail traders let the sharks...
Hey traders, we have a really busy week ahead of us. The Fed will be announcing their rate decision as well as the latest PPI numbers for the US dollar.
Latest unemployment numbers were lower than expected and US inflation rose the most in 30 YEARS. So I feel this is a really strong bullish signal for the US dollar.
I feel the US could potentially raise rates,...
Hey guys, We can see another rising wedge pattern on GBCHF on the 1h timeframe. It also made a breakout to the downside. We could see a possible retest but i feel it is a strong sell area from a technical standpoint.
Hey all, on the 4h timeframe chart it seems as if we formed a rising wedge pattern. As you can see it made a breakout to the downside and retesting the area. For me it seems like a good entry on a risk to reward of 1:5.
From a fundamental perspective we did get a bullish sentiment on NZD. The economy is growing back to the pre-covid days. Also possible actions on...
