danielcheong1974

danielcheong1974

Currency Pair: GBPUSD Timeframe: H1 Date/Time of Signal: 14th January 2020 / 1500hrs (SGT) Review: On Monday (13th January 2020), UK GDP unexpectedly shrunk -0.3% m/m and last week, Bank of England’s Gertjan Vlieghe - a member of the monetary policy committee mentioned that he would vote for a cut if there is no economic improvement. With these factors, we...

danielcheong1974

Currency Pair: EURUSD Timeframe: H1 Date/Time of Signal: 9th January 2020 / 1430hrs (SGT) Review: This week, positive economic US economic dataa such as ISM Non-Manufacturing PMI and ADP Non-Farm Employment Change have strengthened the US Dollar. And Germany Factory orders m/m reported a sharp fall in industrial orders. This could possibly indicate that a...

danielcheong1974

Currency Pair: EURJPY Timeframe: H1 Date/Time of Signal: 7th January 2020 / 1530hrs (SGT) Review: Yen with strengthened due to further escalation in the Middle East tensions. EURJPY tested and unable to break and bounce off the resistance level (zone) of 121.3. Following the trend, trade signaled to sell EURJPY (Entry: 121.11) with 3 Take Profit (TP) Targets...

danielcheong1974

Currency Pair: NZDJPY Timeframe: H1 Date/Time of Signal: 7th January 2020 / 1430hrs (SGT) Review: Yen with strengthened due to further escalation in the Middle East tensions. NZDJPY tested and unable to break and bounce off the resistance level of 72.50. Following the trend, trade signaled to sell NZDJPY (Entry: 72.15) with 3 Take Profit (TP) Targets (TP1:...

danielcheong1974

Currency Pair: GBPJPY Timeframe: H1 Date/Time of Signal: 7th January 2020 / 1400hrs (SGT) Review: Yen with strengthened due to further escalation in the Middle East tensions. GBPJPY tested and unable to break and bounce off the resistance level of 143.00. Trade signaled to sell GBPJPY (Entry: 142.65) with 3 Take Profit (TP) Targets (TP1: 142.45, TP2:...

danielcheong1974

Currency Pair: NZDUSD Timeframe: H1 Date/Time of Signal: 3rd January 2020 / 1400hrs (SGT) Review: NZDUSD broken the support level of 0.6730 and has been on a downward trend. Following the trend, trade signaled to sell NZDUSD (Entry: 0.6668) with 3 Take Profit (TP) Targets (TP1: 0.6648, TP2: 0.6628, TP3: 0.6608) and Stop Loss (SL) at 0.6698.

danielcheong1974

Currency Pair: EURJPY Timeframe: H1 Date/Time of Signal: 3rd January 2020 / 1300hrs (SGT) Review: Safe Haven currency have strengthened due to escalation in the Middle East tensions. EURJPY broken the support level of 121.30 and has been on a downward trend. Following the trend, trade signaled to sell EURJPY (Entry: 120.82) with 3 Take Profit (TP) Targets...

danielcheong1974

Currency Pair: USDCAD Timeframe: H1 Date/Time of Signal: 2nd January 2020 / 1400hrs (SGT) Review: USDCAD broken the support level of 1.3040 and has been on a downward trend. Following the trend, trade signaled to sell USDCAD (Entry: 1.2987) with 3 Take Profit (TP) Targets (TP1: 1.2967, TP2: 1.2947, TP3: 1.2927) and Stop Loss (SL) at 1.3017.

danielcheong1974

Currency Pair: EURGBP Timeframe: H1 Date/Time of Signal: 2nd January 2020 / 1400hrs (SGT) Review: EURGBP broken the support level of 0.8520 and has been on a downward trend. Following the trend, trade signaled to sell EURGBP (Entry: 0.8479) with 3 Take Profit (TP) Targets (TP1: 0.8459, TP2: 0.8439, TP3: 0.8419) and Stop Loss (SL) at 0.8509.

danielcheong1974

Currency Pair: USD/JPY Timeframe: H4 Date/Time of Signal: 30th December 2019 / 1400hrs (SGT) Review: For the past 2 weeks, USD/JPY has been ranging and repeatedly unable to break the Resistance level of 109.60. With a downward momentum past the price of 109.20, Trade signaled to sell USD/JPY (Entry: 109.13) with 3 Take Profit (TP) Targets (TP1: 108.93, TP2:...

danielcheong1974 Updated 

Currency Pair: USD/CHF Timeframe: H4 Date/Time of Signal: 27th December 2019 / 1515hrs (SGT) Review: USD/CHF has been on a downtrend trend. Price have retested and have failed to break the Resistance level of 0.9830. Following the trend, trade signaled to sell USD/CHF (Entry: 0.9800) with 3 Take Profit (TP) Targets (TP1: 0.97800, TP2: 0.9760, TP3: 0.9740)...

danielcheong1974

Currency Pair: USD/CAD Timeframe: H1 Date/Time of Signal: 27th December 2019 / 1350hrs (SGT) Review: The Canadian GDP m/m data was worse than expected, some of it was partly because of a U.S. auto strike that hit the Canadian manufacturing companies. However, it is expected that the impact to the Canadian auto manufacturing due to the strikes should be...

danielcheong1974

Currency Pair: CAD/JPY Timeframe: H4 Date/Time of Signal: 26th December 2019 / 2320hrs (SGT) Review: The Canadian GDP m/m data was worse than expected, some of it was partly because of a U.S. auto strike that hit the Canadian manufacturing companies. However, it is expected that the impact to the Canadian auto manufacturing due to the strikes should be...

danielcheong1974

Currency Pair: EUR/GBP Timeframe: H1 Date/Time of Signal: 19th December 2019 / 2300hrs (SGT) Review: UK Retail sales m/m was worse than expected. Bank of England (BOE) held interest rates at 0.75% with its rate-setting committee voting 7-2 in favor of keeping the current level. However, BOE also mentioned that it could cut rates if “global growth fails to...

danielcheong1974

Currency Pair: GBP/JPY Timeframe: H1 Date/Time of Signal: 19th December 2019 / 2230hrs (SGT) Review: UK Retail sales m/m was worse than expected. Bank of England (BOE) held interest rates at 0.75% with its rate-setting committee voting 7-2 in favor of keeping the current level. However, BOE also mentioned that it could cut rates if “global growth fails to...

danielcheong1974

Currency Pair: GBP/CHF Timeframe: H1 Date/Time of Signal: 19th December 2019 / 2230hrs (SGT) Review: UK Retail sales m/m was worse than expected. Bank of England (BOE) held interest rates at 0.75% with its rate-setting committee voting 7-2 in favor of keeping the current level. However, BOE also mentioned that it could cut rates if “global growth fails to...

danielcheong1974

Currency Pair: AUD / USD Timeframe: H1 Date/Time of Signal: 17th December 2019 / 2215hrs (SGT) Review: Today’s (17th December 2019) Minutes of December RBA meeting suggest that the central bank is still on track to further easing next year. The minutes mentioned that the central bank would now monitor the economics and reassess if necessary in February. It...

danielcheong1974

Currency Pair: GBP/USD Timeframe: H1 Date/Time of Signal: 17th December 2019 / 2215hrs (SGT) Review: Yesterday’s (16th Dec 2019) U.K. flash PMI data released were worse than forecasted and GBP/USD has been trending downwards. The downward trend has been extended as reports of the U.K. Prime Minister Boris Johnson’s Boris Johnson attempt to include text in...