J_Ngatia

J_Ngatia

As the year comes to an end pound seems to be trying to change the direction of things potentially looking for a recovery. Lots of Thanks Merry Christmas & Happy New Year.

J_Ngatia

This week might be quite erratic with all the economic data falling in place. CPI on the dollar and Federal funds rate. High expectations on the dollar rate hike as we come closer to end year. All we can do right now is be patience and let price action print its game play.

J_Ngatia Updated 

Hello Traders Looking at the dollar index, bears were a bit hesitant for a while looking at the range that was created. Possible targets could be around 105.28 or alternatively further down to 104.02 Little liquidity in the markets due to a US BANK HOLIDAY. When liquidity resumes those could be our possible areas of interest.

J_Ngatia

Taking note of FEDS FUND RATE economic data this following week this could be highly possible. For now if dollar is bullish, 107.00 is my target. #Letstrade Gs

J_Ngatia Updated 

British Pounds against the dollar has been consolidating around Fridays price action session. Unless we have news influencing price change, i will be looking to go long on this bad boy. Targets around 1.2115. #Letstrade

J_Ngatia

Price action stalled round 1.1913. Constantly testing it from time to time. Will this be the resistance zone. Unless FOMC comes out negative, will be looking to potential short this pair to the lows.

J_Ngatia

Looking at the price action for the past two weeks, no one has been spared when it comes to aggresive moves. Bulls and bears have been left stranded on between 105.36 and 108.20. Looking at possible bulls to push the dollar higher. FOMC ahead today. Unless economic data comes out negative on the dollar. I will be bullish. #letstrade

J_Ngatia Updated 

Looking on the Daily time frame. Lots of buying pressure is seen from bulls. looking at the next potential target at around 1800. #Letstrade

J_Ngatia Updated 

DXY ( Dollar Index ) Dollar index is bouncing off some particular some of support which is found around 105.00 level. This level was a major breakout from early July trading sessions. This could be a continuation to the upside by the Bulls in it to form in new highs. NFP anticipation this afternoon lets see what that market has to offer us during inter-markets...

J_Ngatia Updated 

TECHNICAL VIEWPOINT 1.2264 has majorly played as a huge resistance block for a while. Back in JULY it was testes significantly and recently this week we got back again to it. There was some form of support that has been holding cable around 1.2100. 1.2150 looks like a good area where bears are trying to push the pair to the downside. Anticipation of the...

J_Ngatia Updated 

DXY bulls still enjoying their glass of whisky. Ranging markets print out from NFP out of friday trading sessions. However, my bias is still bullish on this ahead of CPI #Letstrade

J_Ngatia

Huge selling pressure from Tuesdays trading sessions. Cross winds on the dollar. Will the dollar win the tag of war? #Letstrade #GBPUSD

J_Ngatia

Pounds Data came in positive during Euro Open. Potentially looking at pounds getting on some recovery over as time goes by. Looking for entries ahead of NY session today. #Letstrade

J_Ngatia

Gold has been trading around support level. Chopping around that region fro the better part of the trading sessions from Tue. Ahead we see FOMC meeting coming up. Lets see what this commodity will offer during New York session

J_Ngatia

Markets are still uneasy ahead of today's release of U.S. inflation data, thus Cable is virtually unchanged from yesterday's closing (see economic calendar below). Since there are no events planned for the UK today, the CPI takes center stage with an expected 8.7%. After examining the nowcast data from the Cleveland Fed, many analysts are searching for a real...

J_Ngatia

PRICE TECHNICALS AHEAD 🎲 DOLLAR INDEX Price is trading around a resistance level. 106.50 If price gets support around 106.00 then all green lights to be Bullish on dollar will work. #Letstrade

J_Ngatia

Region in between 1730 & 1735 looks is an interesting area that might hold as a resistance region. If price breaks off and closes above 1740. then possible bulls might be aggressive. Currently looking for shorts to possible support area around 1700. #Letstrade

J_Ngatia

Post Market open price action noticing some bears in the markets during mid euro session. Looking at possible pullbacks to 106.00 level. From there henceforth I will be expecting to see aggressive bulls into the markets #Letstrade