james001harrison

james001harrison

Looking for short term Selling Opportunites for DowJones.

james001harrison

Overall, GBP/USD is trending downwards. Recently, GBP/USD broke below the key level of 1.33 and bounced off the support zone of 1.32200. Bank of England Governor Bailey will be speaking later at 2200 (GMT+8). During this time, there may be volatility in GBP. Look for short-term Buying opportunities of GBP/USD.

james001harrison

Overall, USD/CAD is trending upwards. Recently, USD/CAD bounced down from the key level of 1.28. The Canadian GDP m/m data (Forecast: 0.0%, Previous: 0.4%) will be released later at 2130 (GMT+8). USD/CAD’s next support zone is at 1.26100 and the next resistance zone is at 1.29000. Look for short-term buying opportunities of USD/CAD.

james001harrison

Overall, EUR/JPY is trending downwards. Recently, EUR/JPY traded into the resistance zone of 128.500. The German Preliminary CPI m/m data (Actual: -0.2%, Forecast: -0.4%, Previous: 0.5%) released yesterday indicated a decline in inflation for the month of November. The eurozone CPI Flash Estimate y/y data will be released later at 1800 (GMT+8). _CPI Flash...

james001harrison

Overall, AUD/USD is trending downwards. Reserve Bank of Australia Deputy Governor Debelle will be speaking tomorrow at 0605 (GMT+8). During this time, there may be volatility in AUD. The Australian Building Approvals m/m data (Forecast: -2.0%, Previous: -4.3%) will be released tomorrow at 0830 (GMT+8). Currently, AUD/USD is bouncing off the support zone of...

james001harrison

Overall, GBP/USD is trending downwards. Bank of England committee member Pill will be speaking later 2100 (GMT+8). During this time, there may be volatility in GBP. Currently, GBP/USD is moving towards the resistance zone of 1.33800 and its next support zone is at 1.32200. Look for short-term selling opportunities of GBP/USD if it bounces off the resistance zone...

james001harrison

On Friday, Gold retested the resistance level of $ 1815 and then fell down as the concerns over the omicron coronavirus strain eased, boosting risk appetite even as the World Health Organization urged caution. Two South African health experts suggested the variant is presenting with mild symptoms so far. But the WHO said Sunday it would take time to assess the...

james001harrison Updated 

Overall, AUD/USD is trending downwards. The Australian Retail Sales m/m data (Forecast: 2.2%, Previous: 1.3%) will be released tomorrow at 0830 (GMT+8). Currently, AUD/USD is testing to break below the key level of 0.72. Its next support zone is at 0.71000 and the next resistance zone is at 0.73000. Look for short-term selling opportunities of AUD/USD if it...

james001harrison

Looking for Selling Opportunities now for DowJones.

james001harrison

Overall, EUR/JPY is trending downwards. Recently, EUR/JPY bounced up from the key level of 129. The German ifo Business Climate data (Actual: 96.5, Forecast: 96.8, Previous: 97.7) released yesterday indicated a slight decline in the level of optimism from the surveyed businesses on the business condition for the next 6 months. The European Central Bank (ECB)...

james001harrison

Trading is all about having an edge in the market, regardless of what instrument it is After such a huge drop in gold and further decline afterward, selling at such levels would be the equivalent of gambling on a FOMO basis since you would not be getting a decent risk to reward ratio. Unless you're an experienced scalper who wants to catch the final few pips of...

james001harrison Updated 

Looking for Short term Selling Opportunities, Proper Risk Management applied.

james001harrison

Overall, USD/CAD is trending upwards. Currently, USD/CAD is moving up towards the key level of 1.27. Its next support zone is at 1.26100 and the next resistance zone is at 1.29000. Look for short-term buying opportunities of USD/CAD if it breaks above the key level of 1.27.

james001harrison

Overall, NZD/USD is trending downwards. The Reserve Bank of New Zealand (RBNZ) will be announcing its monetary policy decision later at 0900 (GMT+8). It is expected that the central bank will be hiking interest rates. If the RBNZ decides to hike the interest rate by 0.25%, the New Zealand dollar may strengthen briefly for a short period of time before weakening....

james001harrison

Gold prices have been obliterated this week as Fed rate hikes have surged around commentary from Fed Chair Powell and incoming Fed Vice Chair Brainard. Looking for Selling opportunities in Gold.

james001harrison

DAX is looking for Short term DownTrend Risk Management Applied.

james001harrison

Continuing the Bearish Trend, A strong reversal signal after the ending diagonal with a rebound from the Murray level 8/8 and confirmation of the formed H&S gave a very good result! A strong reversal signal after the ending diagonal with a rebound from the Murray level 8/8 and confirmation of the formed H&S gave a very good result! A descending channel for...

james001harrison Updated 

Overall, EUR/USD is trending downwards. Recently, EUR/USD rejected the resistance zone of 1.13900. The eurozone Consumer Confidence data (Forecast: -5, Previous: -5) will be released later at 2300 (GMT+8). Currently, EUR/USD is testing to break below the key level of 1.13. Its next support zone is at 1.12000 and the next resistance zone is at 1.13900. Look for...