After having a successful short on GBPNZD throughout last week. I think we are heading for the upside now, there is a clear bounce of the fib level. Scaling down to the 1HR time frame, it looks like price is getting ready to follow the trend once more. :)
For me this week, my bias is telling me that AUD pairs will go long. It's like playing catch, AUD screaming go long to me. EA I am considering more to swing this, the resistance zone on the daily chart is evident. The charts don't lie, everything is in front of you. On top of that the fib levels across the daily are there. The Chart is gearing up to come down,...
GBP/AUD - I believe it is time, the analysis is above, but if we are being honest, this looks like it will be a clear double top, by EOP on Monday, before RBA decide their interest rate within the Asia session on Tuesday, and I only see AUD growing stronger. Especially with all the tension surrounding the UK interest rate itself this week, I don't see the pound...
This time the bias is to go long. I don't think this pair goes down any further from here.
CAD/CHF is currently sitting at a key level and a big test. Today is also the day of the Canadian Interest Rate decision. Forecast is for Canada to increase their rate from 4.75% to 5% which would be an increase of 0.25 points. However, this same prediction was made for the RBNZ last night and they decided to keep their rate the same. If the BoC do keep the...
Price looks like its struggling to break through the key level, after momentum was lost yesterday, and price reversed to the downside, this looks like a pullback before further downside momentum continues. As the Asia session is close, and yesterday they bumped the yen, I expect more of it to continue.
EURCHF is testing a key mid-level. Failure to break on retest will result in a short.
Here is my prediction for GBPJPY for this week, with the UK economy set to open later on this week, i believe the market will move itself higher in order to kickstart a uptrend before next week when the UK economy will be in full flow. However before rising i do feel that GJ will touch/kiss 131.500 before then shooting back up to 133.000. This will be a good...
Why? It's explained above. To back up my points, AUD/CAD has been in a downtrend on the monthly chart for a while now, and the last few months have seen a lot of bullish momentum, more than anything this is a lower high that will form on the monthly and it will be the start of the continuation of the original downtrend of this pair. There is a strong...
Probably like a lot of you.. Ive only been trading for about a month, since sitting at home and getting bored pretty much. But i didn't just get into this without knowing anything, I done my research and took my notes (Didn't buy a course/ don't have a mentor) - Had my first profitable month and also blew my account. All so quick eh? What can we do?...
No Clue. Simple As That. We Just Have To Watch This One. Breaks 1700 = 1720/1740 Possibility Resists 1700 = 1640/1620 Possibility It's all up in the air at the moment.
Predicted the movement on GJ too. Still waiting for price to react with the level of 138.000. Before either bouncing up or breaking down. We have to watch this pair for the next few hours also, atleast until New york opens, even though i doubt that will have an impact, nevertheless, you never know. Let me know what you guys think :)
Price hit take profit level. Sweet bit of profit for the morning. Now lets see how price reacts with the key level of 1.51000. currently see a retest. But lets watch this and see exactly what price wants to do. Thanks :)
Prior to this analysis I said we may be going short but we may still be going short if support is broken. Watch this one.
Well Im not going to bore you with a whole lot of writing. The analysis is above. Please let me know what you think. Thank you :)
BOOM BOOM POW!!? Gold has been messing around with everyone, lets be honest, we all knew it was coming with lockdowns being lifted worldwide right? Well here we have gold at one of its lowest supports in the past few months. Many are saying GOLD will continue to fall before rising again if there is a second wave of COVID-19. My analysis is that there will be...
So This Is One Of My Favourite Pairs. It's Also The Pair That Blew My Account Last Week. Now GJ could go one of many ways this week. Let me give you my analysis for this pair. This upcoming week, retail stores and major brands will be reopening from Monday, this may increase the value of the pound and get it back to a position it was before a lockdown was...