Forexrein

Forexrein Updated 

I waiting to go short on USDJPY from 152.11 price point. Dollar strength is weakening. Increased government borrowing is at its highest. A longterm downtrend for the dollar is inevitable. Comment your thoughts on the USDJPY pair.

Forexrein

Overview of my DXY sell idea. I have been following this for a longtime but i've decided to share it. Technically my chart explains itself, but fundamentally the US economy is in a very bad shape, increased government borrowing and on the brink of a debt default, inflation, war, all this is affecting the US which hasn't fully recovered from the coronavirus...

Forexrein

CAD Bearish continuation is expected between the pair next week when the market opens. A pullback to 109.90 might come it to play before the next leg down. Fundamental : Canadian economy is on track to enter technical recession. Thanks for reading my analysis. Comment below if you think we will see downside between the pair. Disclaimer: This analysis is only...

Forexrein

My road map to 1.30 . As the US Dollar enters into a longterm bearish trend. The GBP continues to get stronger. Fundamental : The bank of England steadies interest rate. Comment below if you think the GBP will get to 1.30. Thanks for reading my analysis. Disclaimer: Please do your own research, there is no guarantee this analysis will play out according to the analyst.

Forexrein

GOLD has a bullish longterm overview on the daily timeframe, with set targets as each resistance gets broken. fundamentally, with the war currently going on between Isreal and Palestine, high volatility is bound to push gold higher. Also, the Dollar will fall as Biden continue to seek funding in billion of dollars, which will cause supply of dollar to be higher...

Forexrein

Gold has completed its wave 5, which seems to be a truncated wave. A truncated wave generally means that the asset is bearish, when wave 5 cannot break above the end of wave 3. The reversal would come with strong downward momentum

Forexrein

DXY has completed its correction, we are due to see another impulse to the downside. Expecting a catalyst that will bring selling pressure.

Forexrein

GBPJPY is currently trading in a bearish channel, the current formation of a bearish triangle inside the channel and price currently retesting the previous resistance, should potentially lead to a selling pressure. Good news for the bears..

Forexrein

Having analysed gold using Fib to calculate waves 2 and 4 i noticed wave 2 to never have completed a move to fib 0.5. hence i did expect wave 4 to also fall short of the 0.5 wave. Now Gold seems to have completed Wave 4 correction of wave 3 internal wave , using Elliot wave theory we should be growing from here to 1982 or 2022 to complete wave 5 of 3 internal...

Forexrein

Having analysed gold using Fib to calculate waves 2 and 4 i noticed wave 2 to never have completed a move to fib 0.5. hence i did expect wave 4 to also fall short of the 0.5 wave. Now Gold seems to have completed Wave 4 correction of wave 3 internal wave , using Elliot wave theory we should be growing from here to 1982 or 2022 to complete wave 5 of 3 internal...

Forexrein

DXY is due to test the recent broken support and continue downwards to 98 support

Forexrein

Gold has been in a long uptrend for sometime now. The bulls continue to push price upwards but now gold is in a very strong resistance, price will likely reverse from here 1949 and will move downwards to 1807 region before going up again. Confirmation for sell we are currently in a 4 hour rising wedge, which is a reversal pattern and is fully matured and ready...