The USD is currently experiencing near term upside. I anticipate this to be short lived due to my fundamental analysis. This trade will depend on price action around the level. Happy trading.
Descending wedge on EURUSD - THE EU Council have drafted a policy paper to reduce dependence and vulnerability to the USD, and plan to increase use of the EUR in financial markets. This is EURUSD Bullish!
Japara buy limit trade - The number and percentage of old people in australia is rapidly growing and I anticipate the aged care industry to grow considerably in the coming years. Despite Japara's downside their books are good, and they have large holdings all across australia.
AUDUSD is trending to the upside still despite the recent wave of USD strength. Technically there are multiple confluences: - 2021 open level -61.8% fibonacci retracement - 200 moving average - 1H bullish close, pinbar pattern
I anticipate further upside on gold to retest the prev highs, as we've broken above the wedge pattern and are above the 50,100&200 moving averages.
EURGBP Daily chart looks set for downside. on the 1h chart h&s neckline has been broken, traders could look for good day trade setups or swing setups on the pair atm
Bullish EURAUD, as we have broken above the TL and previous structure. If upside plays i anticipate it will be quite significant, to retest the last spike.
Dollar Yen has broken the downtrend line and is currently at a previous support. For long positions the first target would be around the 161% extension.
Stimulus plan USD boost, fed holding down gold with shorts etc etc... Technically simple.
Price has been ranging, when it breaks it will move quick...
title says it all, Check the chart.
Hey Traders, Shorting AUDNZD. There are a number of technical reasons, combined with the fundamental factor of new COVID-19 cases being found around Australia bringing a possible second lockdown and state border closures. The northern beaches of Sydney have already entered a lockdown.
AUDUSD has given the same intraday sell pattern as yesterday! this is a simple repeat move, stop above the high and target the recent lows! Trade sensibly!
EURUSD upside prior to jackson hole seems imminent as the dollar weakness felt across the board is lagging behind on EURUSD. technically above the 50&100ma's stops below ma's and prev. low, good r/r
Currently i can't see a clear trade on this pair, however traders should watch for a break of current structures to enter the market. Alternatively traders could look to open hedged positions to prepare for either market direction. Overall i am bullish USD at this time, as fundamentally the Dollar is trading severely below where it started the year, and i don't...
Despite current structure holding there is a valid long buy stop. above MA's, and the strong support at current price has not historically been a strong resistance.
WTI Appears to be topping out at previous structure. Will we see downside again?