forexwithfred

forexwithfred

What Is The Market Telling Us? Euro long accumulation phase has expanded since 26th of April Break of market structure validates bullish momentum incoming 62% Fib retracement held price for continuation on bullish run What Are Market Participants Doing'? EUR longs rose +13.1% in past 24 hours as JPY shorts dropped -10.3% 81% of retail traders...

forexwithfred

What Is The Market Telling Us? Price is currently ranging between Previous High & Previous Low 1st Break in market structure towards bullish direction since March Price is currently making its way toward previous low for a retest What Are Market Participants Doing? 70% of retail traders are shorting the dollar overall against DXY There is...

forexwithfred Updated 

What Is The Market Telling Us? Sell side liquidty taken from stop hunt, giving off a false bias of downward movement There is a continuous break of market structure (BMS) in current trend Previous daily high has been violated with What Are Market Participants Doing? Within the last 24hrs of this post, there has been a +23% jump in NZD long...

forexwithfred

What Is The Market Telling Us? Price has been in major downtrend since 21st April Break of market structure occured (BMS), pushing price downwards Price is currently forming a retracement phase before bearish impulse What are Market Participants Doing? 89% of retail traders are long, meaning instituions are still shorting this pair Smart...

forexwithfred

Hello Traders!, Today, I'm looking to take advantage of a huge increase of GBP longs from the beginning of the week, a 14% increase on on GBP added with a 2% decrease on AUD longs gives me confluence that this pair is on the move upwards. As as it stands, non-commercials are 54% long on GBP currency while only 45% of non-commercials are long on AUD. This...

forexwithfred

Hello Traders!, Today I've come across some short-term USD weakness which seems to be playing out as a bullish retracement for further impulses. In this instance I've located a great opportunity to buy the UJ pair with a great 50 PIP target. Lets see how it plays out! What Is The Market Telling Us? Market has reversed on previous bearish trend @ around the...

forexwithfred

Hello Traders!, We're at the beginning of our trading week and today I've realised a head and shoulder pattern I've been eyeing is finally complete and is almost time for an execution! What Is The Market Telling Us? Price has been in uptrend and was halted once it reached resistance of @0.91505 Head and shoulder pattern complete once price has shown a...

forexwithfred

Hello Traders! Hoping we all had a good start to beginning of a new week, as I've been looking more into COT Data, I've realised there are a lot of traders that are waiting for a short off 0.7000 level as 80% of retail traders are SHORT. Although looking at oscilating indicators the market has not reach an 'overbought' sentiment, meaning price may break our level...

forexwithfred

Hello Traders! Today marks a new trading week with lots of opportunity ahead of us. Upon the market opening, I've realised USD has opened extremely weak across all currency pairs. Although, I beleive this is a means to reach a certain point in the market before reversing to the downside. I've also had a look at COT Data indicating the commercials are short in the...

forexwithfred

Hello Traders!, Hope everyones had a good start to the week with our trading, Today marks the last day for all Q2 forecasts and readings, meaning that there may be some abrupt price manipulation/speculation with certain pairs. This erratic movement in price is coming from institutions and banks loading and unloading positions from cutting losses and taking...

forexwithfred

Hello Traders!, We're nearing the end of this trading week, with lots of great opportunities, I hope we've all been able to capitalise of this lucrative trading week. Here we can see an influx of bearish volume on its way for AUD/CAD pair, taking advantage to see if we can make some shorts. What Is The Market Telling Us? Resistance zone of around @0.94000 has...

forexwithfred Updated 

Hello Traders!, We have hit our mid-week analysis for this trading, USD is still showing us signs of further weakness, possibly for further weeks to come. What Is The Market Telling Us? We've been in a healthy downtrend for 3 weeks now, market is showing no signs of a reversal as our trend resistance is being respected Trendline resistance is being respected...

forexwithfred Updated 

Hello Traders!, We're expecting more USD weakness for this trading week as we look ahead to see what pairs can be traded against USD, here we have a great opportunity to take advantage of some short-term range within a channel down. What Is The Market Telling Us? We could be in a bullish trend for the long term as there's been a pivot point @1.33500 level ...

forexwithfred

Hello Traders!, Hope everyone has had a good start to the week! The market is full of opportunities this week and today we're looking at a possible BUY opportunity for AUD/USD What Is The Market Telling Us? We can see price has been ranging between our channel while making higher lows off our trendline support Bullish MA crossover adds confluence to our BUY...

forexwithfred

Hello Traders!, We have some mid-week analysis with EUR/USD pair, bullish powers has seemed to be put to a stop after reaching the 1.4000 level. Although this could be temporary or a bearish reversal could occur. Lets see how this pari could possibly work out by the end of the week. What Is The Market Telling Us? There is exhaustion of bullish sentiment Daily...

forexwithfred Updated 

Hello Traders!, We've reached the end of the trading week, we will be looking for set-ups that'll take us into the next week. What Is The Market Telling Us? AUD weakness has occured after 2 attempts at our supply zone, 0.69 resistance has been broken & retested 4H timeframe shows we are currently in our 3rd wave of bearish impulse, indicating more selling...

forexwithfred Updated 

Hello Traders!, Coming to the end of this trading week, we've seen a lot of fundmentals move the market with the FOMC interest rate decision, USA jobless claims and GDP reports m/m for countries such as Japan and Great Britain. What Is The Market Telling Us? On the higher timeframe we still see strong bullish sentiment, although there has been strong...

forexwithfred Updated 

Hello Traders!, With the FOMC deciding to keep its interest rate at 0.25% as well as keeping its printing of money at $4billion per day for the next few months, its given investors a dovish sentiment on the USD, this means that the dollar will be dropping as Gold rises on the other hand. We will be looking at how fundamentals play a part in the market for todays...