Funfunnu

Funfunnu Updated 

Chart: Day Chart pattern: Descending triangle Fundamental: Powell said the recent increase in treasury yields had caught his attention. He seemed to be calm. But look at Fed's bond purchase... Average monthly purchase (July2020-Jan2021): $79.8B January: $72.7B February3-March3: $95.2B It seems Fed is not really calm about the recent increase in yields...

Funfunnu

I see many people say on internet that the market is highly volatile and very hard to predict the trend. In my opinion, institutional investors (even including Fed) have different thoughts about where the economy is heading due to uncertainty. So, I want to guess what they are probably thinking so that it may give us some clues why the market is acting in this...

Funfunnu Updated 

Wait for USDJPY come down, then open Long position. Expecting TP1 107 and TP2 108 for day traders and swing traders. (But I'm scalper)

Funfunnu

Long from support @140.5 or Wait for 200SMA to catch up and go long. My trading style is scalping, but I want to share daily analysis whether you see the same way :) Hopefully we make more profit than January!

Funfunnu

- Japanese exporters selling high volume of USD - US stock market (yesterday) and Asian markets are doing well + US10Y yield slowly increasing -> risk on -> rare to see USD being bought - Maybe investors are adjusting their holdings due to high volatility of stock markets. or maybe temporal capital flow to US -> these are hypothetical... - Banks are guessing to...

Funfunnu

All comments in the chart. Let's make more profit before January ends :)

Funfunnu

Long @support line and make sure to set stop loss under support in case ECB's speech & comment. Let's make more profit before February :)

Funfunnu

USDCAD is obviously overbought. Bulls are now looking for timing to close long positions.

Funfunnu

Price is reaching the bottom of the long-term uptrend. Long @trend line and price may reach 1.38.

Funfunnu

It may break the trend line, but 200MA is above and there are strong supports below. Long when price hits support lines.

Funfunnu

Hit the strong resistance @ 142.7. 200MA is still within the 1H triangle.