Yen should rally as long as the USD is on the upper hand. These two guys are positively correlated. First target should be around 130.00, then 127 if there is a push lower. Stop loss above yesterday's high but ideally place above 134. Read more here: forex.today
NEO broke key resistance trend line after that bullish candlestick. Long projection in the next trading days as a buy signal has been printed by stochastics. Swing traders to target 34.00 and then 45.00. check more here: www.newsbtc.com
Long projection with immediate target at 1.25 and 1.28. Stop Loss below Friday's lows of 1.22. Check more here: forex.today
Short opportunity present in this currency pair. Euro has been on the forefront pretty much of this year. Correction is likely. Sell Stop: 1.395 Stop Loss: above minor resistance at 1.44 Take Profit: 1:2 risk reward
GBP is weakening across the board and CHF is now in control. Trade plan is as follows: Sell: 1.2440 Stop Loss: 1.2530 Take Profit: 1.2340
After Today's ECB improved GDP forecast and optimism for broad based growth in individual countries, the Euro appreciated as much as 1% right after the announcement. So, this to me means dumping the USD and investing in Gold and Yen. it is for this that I'm bullish on the Japanese Yen and at the same time selling the GBP. Trade should be as executed as follows for...
Mario Draghi and ECB rate announcement in the course of the day under focus. Chances of tapering postponement is likely. Disappointed, bears should be in charge. Trade should turn out as follows if conditions are met: Sell Stop: 1.1955 Stop Loss above 1.1975 Take Profit: 1.1915
Buy opportunity ahead of September ECB meeting next week. Bull momentum is clear after over-extension on Friday. Price action closed below lower BB on Friday and gaped up on Monday-attributed to North Korea launch of Hydrogen Bomb? Buy-1.4980 Stop Loss: 1.49 Take Profit: 1.52-above last week's highs
Hello Guys, Buy opportunity presents itself today especially if price action closes strong above the current minor support turned resistance @15.45. Take profit should be above 15.60 with stop loss below today's lows of 15.30
probability of a disappointing NFP is now high after several technical setups. In-fact most USD pairs are pointing to USD weakness. Fundamentally, earnings and jobs for August 2017 is expected to slowdown after that strong July 2017 growth. So, keeping up with the trend means liquidating USD and buying other currency pairs like Yen, Euro and NOK. NOK and CAD have...
Yen continues to gain against the Greenback. Gold is also reversing from $1300/Ounce level. Sell: 111.40 Stop Loss: 111.70 Take Profit: 110.40-50
This currency pair provides a good opportunity to conclude August month on a high. Price action has been consolidating horizontally after that strong bear pressure which begun with a strong double bar bear engulfing pattern. Current fundamentals from South Africa are not that supportive of the Rand. Its economy is shambolic to-say the least and as they slide into...
Price action reversed from recent resistance turned support in the 4HR chart. so far bull momentum is strong as euro buyers takes advantage of ECB tapering expectation. Further Aussie weakness is forecasted today as Australia's quarterly Private Expenditure data is released. Buy: 1.5085 Take Profit: 1.53 Stop Loss: Below 1.50 is ideal. Read more: forex.today
Minor resistance at 9.5575. Price action failed to break and close above that level even after last week's non-starter from Mario and Yellen. Look for trend resumption and therefore trade as follows: Sell Limit: 9.5270 Stop Loss: 9.5580 Take Profit: 1:3 Risk reward ratio Of course, look to win more than you lose.
Hello Guys, As always, you don't expect Yellen or Draghi to be clear on their future monetary plans. sometimes though, common sense dictates stuff and right now the Euro is just about the right currency to have in your portfolio. Correction downwards should is on the tunnel and this should provide a wonderful opportunity to buy on dips. today though, I will set a...
Details of NAFTA negotiations are not that public, at-least that is the case for me right now. However, since Mario and Yellen are against protectionism and rather suggest stronger regulations like it has been the case, I expect the Peso to appreciate. NAFTA deals are beneficial for US companies-talk of cheaper production cost and labor in Mexico, and that is why...
North Korea is a global peace disruptor at the moment. From firing provocative missiles over Japan and threatening the USA with nuclear war, no one really knows what is going to happen. When peace is hard to find, Gold and Yen benefits and that is why the Yen actually appreciated over the Green back and other major pairs despite the missile flying over their...
There is a 3 bar reversal pattern in the monthly chart with oversold stochastics. For long term traders look to buy after the close of this month IF and ONLY IF November candlestick closes as a B ull bar . weekly chart is pretty strong too, look to buy with any correction in the 4 Hour chart. for day traders, trick is to buy only after a candlestick closes...