weekendanalyst

weekendanalyst Updated 

GBPUSD Timeframe: 1D Direction: Short Confluences for Trade: - Bearish candle formations - Stochastic Overbought momentum - Price action near resistance trendline - Fundamentally, Brexit will be volatile. Will a weak vote push up the pound because it delays and may cause a second referendum? Or this will make UK's economy grow even weaker due to the...

weekendanalyst Updated 

USDJPY Timeframe: 1D Direction: Long Confluences for Trade: - Bullish candle formations - Stochastic moving out of Oversold conditions - Price action bounced off Strong Support (since March '18) - Fundamentally, we are taking opportunity on the reversal of the algorithm trading crash and with FED's hike projection becomes unlikely, the funding currency...

weekendanalyst Updated 

AUDUSD Timeframe: H4 Direction: Short Confluences for Trade: - Bearish candle formations - Stochastic Overbought momentum - Price action near Horizontal Resistance Trendline - Fundamentally, growth outlook is still showing drastic weakness across US, China, EU and other nations. The AUD has remain strong in recent days, probably due to China wanting to...

weekendanalyst Updated 

EURGBP Timeframe: 1D Direction: Long Confluences for Trade: - Stochastic in Oversold momentum - Widening gap of EMAs - Price action at a Horizontal Support Trendline (Since April 2018) - Price action for EURGBP has been trading within the Parallel Channel and it is currently at the Lower-End of the Channel Suggested Trade: Entry @ Area of Interest...

weekendanalyst Updated 

GBPCHF Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Price action at Resistance of Parallel Channel - Price action close to Another Horizontal Resistance Trendline - Widening gap of EMA - Fundamentally, uncomfortable to hold a Long GBP position because of Brexit uncertainty; to us, a delay in Brexit...

weekendanalyst Updated 

EURUSD Timeframe: 1D Direction: Long Confluences for Trade: - Bearish momentum waning - Stochastic Oversold momentum turning - Price tried to break the Support Trendline but could not sustain itself below the trendline (Buying momentum gaining) - Price action at Horizontal Support Trendline and has bounced off against it - Please refer to previous post on...

weekendanalyst Updated 

EURCAD Timeframe: 1D Direction: Long Confluences for Trade: - Price action bouncing off Triangle support - Stochastic Oversold momentum - Wide EMA gap - There are alot of support trendlines below and can provide as a strong support - DXY has diverged from alot of other currency pair strengths Suggested Trade: Entry @ Area of Interest 1.4835 -...

weekendanalyst

EURGBP Timeframe: 1D Direction: Long Confluences for Trade: - Waning bearish momentum - Stochastic Oversold momentum - Price action bounced off a Horizontal SupportTrendline - Fundamentally, weakness in the GBP is explained in the GBPUSD post in Related Ideas and the impact of Brexit will be more extensive for GBP in comparison with EUR. Suggested...

weekendanalyst

GBPUSD Timeframe: 1D Direction: Short Confluences for Trade: - Waning bullish momentum - Stochastic Overbought momentum - Price action has reversed against a Horizontal Trendline - Widening of the EMAs - Fundamentally, the chaotic Brexit has made the GBPUSD very choppy to trade and another vote is coming up on the March 12 and the D-day is on March 29....

weekendanalyst

USDHKD Timeframe: 1D Direction: Short Confluences for Trade: - Pegged currency @ 7.85 - Stochastic Overbought momentum - Price action at Horizontal Resistance Trendline (Central Bank defends at this level) - The opportunity appears again similarly to our previous USDHKD trade; minimal risk involved) Suggested Trade: Entry @ Area of Interest 7.8450 -...

weekendanalyst

USDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Bearish candle formations and waning strength in upwards move - Stochastic Overbought momentum - Price action at strong resistance multi-year Trendline (Since 2016) Suggested Trade: Entry @ Area of Interest 0.9980 - 1.0130 SL: 1.0213 TP1: 0.9885 TP: 0.9681 RR: Approx. 2.37 (Depending on...

weekendanalyst

GBPCAD Outlook Technicals: - Stochastics is in Overbought conditions - Price action close to a Short-Term Resistance Trendline (may break if Brexit causes volatility) Fundamentals: - Brexit uncertainty in its final stages may cause some volatility and may cause price to test the Horizontal Resistance Trendline - On a longer perspective, delay in Brexit...

weekendanalyst

EURUSD Outlook Technicals: - Stochastics moving into Oversold conditions - Price action close to a Short-Term Resistance Trendline (not a strong trendline and may break) Fundamentals: - Brexit uncertainty in its final stages may cause some volatility on the EUR pairs and GBP pairs; causing it to break the ST Resistance Trendline - On a longer perspective, a...

weekendanalyst Updated 

AUDSGD Timeframe: H4 Direction: Long Confluences for Trade: - Price action at a Trendline Support - Stochastic Oversold momentum - Widening of EMA - Price action is close to 2016 lows, could be a strong support at such levels Suggested Trade: Entry @ Area of Interest 0.9675 - 0.9735 SL: 0.9619 TP: 0.9886 RR: Approx. 2.30 (Depending on Entry...

weekendanalyst

AUDUSD Timeframe: 1D Direction: Long Confluences for Trade: - Bullish candle formation - Stochastic exiting Oversold conditions - Price action from flash crash yesterday reversed off internal triangle support and closed above the asymmetric triangle's resistance - Fundamentally, the algorithm trading flash crash yesterday is not considered a trend but just...

weekendanalyst

AUDJPY Timeframe: 1D Direction: Long Confluences for Trade: - Price action bouncing off Support of Parallel Channel - Stochastic Oversold momentum (D1 and W1) - Wide gap between EMAs - Price action created a double bottom around Parallel Channel support line - Fundamentally, there is positivity in sentiment moving into the coming 2019 which will see a...

weekendanalyst Updated 

EURCAD Timeframe: 1D Direction: Short Confluences for Trade: - Bearish candle formations - Price at 61.8% Fibo levels of previous High - Low - Stochastic Overbought momentum - Fundamentally, positivity is slowly returning to improve sentiment about global demand which is likely to spur oil prices and with OPEC looking to react to such low oil prices, CAD...

weekendanalyst Updated 

USDCAD Timeframe: 1D Direction: Short Confluences for Trade: - Price action at top of Resistance line of Parallel Channel - Widening of EMA - Stochastic Overbought momentum (W1, D1 & H4) - Fundamentally, market is starting to expect FED to be more dovish in their hiking path, and may steer USD weakness. Global demand is weaker which has affected oil prices...