Roy_Preferforex

Roy_Preferforex

USDCAD is currently in an uptrend based on both the daily and 4-hour views. The short-term break of the structure occurred at the 1.3745 level. Currently, the price is retracing downwards and heading towards a strong point of interest (POI)/demand zone. A further bullish movement is expected once the price touches and reacts from this demand zone.

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EURUSD is currently moving towards an Extreme Point of Interest (POI) Zone. This is the final POI in the recent trading range, and below this POI, there is no unmitigated area. Despite the market being heavily bearish, we can expect a bullish reaction when the price touches this zone.

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NZDJPY is in bearish bias, it has broken the recent bearish market structure at 90.35 level. The price is now retracing back to the upside. There is an unmitigated strong point of interest (POI) at the 90.90 level, and it is advisable to wait and observe how the price reacts at this level. A bearish continuation movement is expected if the price reacts to this zone.

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GBPJPY is currently following a bullish market structure and is now retracing to the downside, targeting the point of interest (POI). There are some imbalances at the bottom of the recent trading that the price needs to mitigate. Expect a bullish continuation when the price touches the POI. The target of the bullish movement will be the recent swing high.

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According to the 4hour View, the pair EURUSD is in Bullish, it break the bullish structure and now it is retracing to find more liquidity and to mitigate the unmitigated POI. It is now near to a POI, expecting the bullish continuation when the price touch and react on this POI.

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According to market analysis, CADCHF is currently showing a bullish bias. It has broken the recent swing high, which suggests that there may be more bullish movement to come. At present, the price is retracing, This retracement is due to the need for liquidity and to mitigate the unmitigated point of interest (POI). However, we can expect a bullish continuation...

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GBPJPY has a bullish bias on the higher time frame. It is currently retracing and collecting liquidity, and is now at the point of interest (POI) and starting to react. There is an expectation of bullish continuation from this POI.

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GBPJPY is in bullish bias. According to the higher time frame like daily or 4 hour, the pair is in uptrend. Now the pair is retracing bearish to have some liquidity and to mitigated the nearest imbalance. Expecting further bullish movement targeting recent swing high.

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CADCHF is in Bullish bias according to the higher time frame. Now it is heading toward a short term POI. Expecting further bullish after taping on the POI

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EURGBP is currently reacting on a Daily Demand Zone and is exhibiting a short-term bullish Structure. Further bullish movement is Expected.

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USDCHF is in Bullish market Structure. It is now in retracing movement. Expecting the continuation of bullish moment after taping into the POI

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EURNZD is heading towards the POI. It moves down by collecting the liquidity and finally it is in the bottom of the swing point.

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USDCAD is heading toward the bottom of the recent swing point. We will observe the price when it tap on the POI, expected a bullish move from the POI

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EURUSD is Short Term Bullish as it breaks the last high. Expecting a bullish movement target to the supply zone then it may continue the further bearish movement

Roy_Preferforex Updated 

GBPUSD Short Possibility. As the higher time frame bias is bearish we expect another bearish movement till the next target Preferforex

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EURUSD may go short term bullish till the next target Preferforex

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EURUSD is showing weakness in the demand zone, Expecting another bullish movement till the next target @ Preferforex

Roy_Preferforex Updated 

GBPUSD Short Possibility, Expecting the bearish movement will continue till the next target Preferforex