EURUSD Pullback to POC zone for possible long trade
Yesterday ECB decision was a bit of surprise. Mr.Draghi failed to deliver faster pace of QE measures and ECB has extended the program by 6 months – to March 2017. Deposit rate has been cut to -0.30%...
View ArticleUSDJPY Inverted roof for trend continuation
The USDJPY has surged after NFP and Unemployment results on Friday and currently it is in a range/uptrend. The lack of any bullish zig zag has been compensated with an Inverted Roof pattern which...
View ArticleEURUSD bi-directional move possible in the wake of FOMC meeting
The EURUSD is currently in uptrend/range but as I have already pointed out last week 1.1050 has been the target. EURUSD bounced almost hitting the target and then dipped towards 1.0900 support. We have...
View ArticleUSDCAD Rooftop variant for next POC
The USDCAD has faced a rooftop pattern and currently it sits at support near the lower pattern support. The pair gravitates towards POC (rooftop bottom,50.0, ascending trend line, historical buyers)...
View ArticleEURUSD breakout only below 1.0800
FOMC expected rate hike and year end flows tanked the pair towards 1.0800 important support. As we know Christmas and New Year holiday is approaching and both year end flows and profit taking is...
View ArticleEURUSD Cup with Handle variant II pattern suggesting futher upside
As we could read in the previous EURUSD coverage the EURUSD hasn’t broken 1.0800 so there was no breakout towards 1.0720. What we see now is a squeeze in EURUSD and it formed a Cup and Handle variant 2...
View ArticleEURUSD Rounded top shaping up
As we could read in my previous EURUSD analysis the pair perfectly followed up the technical research and it broke through 1.0780 down to 1.0720. I have explicitly stated that traders should be wary...
View ArticlePRE NFP EURUSD Watch for 1.0825 and 1.0945
The EURUSD is waiting for NFP report and we can see that the price has been ranging all morning. At this point we should pay attention to 1.0825 to the downside and 1.0945 to the upside. Technically,...
View ArticleUSDJPY bullish divergence in downtrend
As we could read in yesterday’s article AUDUSD completely followed the analysis dropping to 0.6940 after hitting POC at 0.7040. 100 pip drop was not a surprise for me as there are always important...
View ArticleEURUSD multiple patterns within the flag confirm two-way trading
The EURUSD has found strong buyers in the 1.0800 zone and is well confined within the borders of a Bullish flag on H4 time frame. The situation with this pair is really interesting as we have a...
View ArticleUSDCAD is relentless
The price of Daily US Crude Oil has dropped from USD38/bbl at the start of this calendar year 2016, to break to a 12 year low of USD29.50/bbl. On the other hand U.S/ freight volume fell for the first...
View ArticleAUDJPY in retracement but still in downtrend
As I have explained many times before AUDJPY is connected to equities markets and always watch China50 index. When China stock market is plummeting investors fear that it will slow global eco activity...
View ArticleUSDCAD dropping towards important support
USDCAD is in a corrective mode right now and the move started after CAD overnight rate surprised the investors, remaining at 0.50 % vs 0.25 % which was expected. CAD inflation rate rose to 1.6 % vs 1.7...
View ArticleUSDCAD bullish zigzag endangered
The USDCAD is still in uptrend but the recent bounce in gold prices and Canadian core retail sales with unexpected rate hold have endangered the bullish zigzag. Technically we could see a deeper...
View ArticleGBPUSD rising wedge suggesting bearish price action
The GBPUSD bounced after a surprising GDP results but don’t forget that it is still in downtrend. Brexit talks, no hikes, weak overseas growth and low industrial output are not beneficial for UK...
View ArticleEURUSD most important levels are 1.0800 and 1.0985
Despite better than expected German and Spanish unemployment results which came better than expected the EURUSD is sitting around 1.0915, very clueless about the direction. Because we have no trend but...
View ArticleEURUSD: Pay attention to 1.1238 1.1150 and 1.1065
Today’s focus is on NFP and Unemployment rate. Traders should not pay attention to NFP alone, as Unemployment rate is also VERY IMPORTANT. The EURUSD movement will be affected by the result. If we see...
View ArticleNZDUSD is close to POC zone
The NZD value usually falls during risk off sentiment and NZDUSD is linked to equities markets during Asia session too. During risk off, Japanese and US bonds go up and NZD goes down. This could also...
View ArticleEURUSD 1.1290 is crucial
The EURUSD was muted on German GDP report that came as expected. EUR recent strength can be contributed to general USD weakness and Yen strength ( risk off mode ) but technical levels suggest a...
View ArticleEURUSD 1.1085 should hold for bulls
As you could read in my previous EURUSD analysis , 1.1290 was indeed a strong level to watch for. The price has followed the analysis perfectly and the pair proceeded towards 1.1260 and 1.1160 as...
View ArticleGBPUSD breakaway gap reflects the sentiment
The GBPUSD is heavily weighted by Brexit sentiment and it continues to fall. Recent reports suggest that referendum results could be very close , neither side has an advantage. As I have stated many...
View ArticleUSDJPY Inverse Head and Shoulders playing out
The USDJPY is positively correlated with equities and traders should watch for equities and oil if trade this pair. Nikkei during Asia, DAX during Europe and SP500 during US session have an impact on...
View ArticleGBPUSD buy the dips sell the rips?
As previously covered in my GBPUSD article , the pair proceeded as expected-straight to the target. Fears of Brexit are weighting on the pair BUT we can see a historical support that can push the pair...
View ArticleEURUSD 1.1010-1.1020 is pre NFP POC
Better than expected ADP (214K vs 185K) could give another boost to NFP report which is expected to come close to 195K (Change in the number of employed people during the previous month without the...
View ArticleGBPUSD rounding bottom in progress
GBPUSD is in uptrend and recent comments from BOE gov. Carney could be used for buying lower where POC is. Lower inflation, Brexit risks, and services sector is the main risk for UK economy. For all...
View ArticleNZDUSD hidden bullish divergence supporting uptrend
NZDUSD is still keeping a bullish intraday outlook as yesterday hectic PA was mainly due to ECB. The hidden bullish divergence supports the uptrend after a deep retracement that saw 0.6800 zone...
View ArticleEURUSD Consolidated Within The Bullish Pennant FOMC Eyed
As I have already explained in my latest FXstreet article I don't expect a rate change on US cash rate and FOMC could be neutral on future rate hikes that will largely be subject to meeting the...
View ArticleCADJPY upward zigzag within Fibonacci channel
One of the pairs I like to watch and trade especially when USDJPY is slow, is CADJPY. CADJPY is also correlated to oil market and app 48 % of Japan energy requirements are met with Crude Oil. When...
View ArticleUSDJPY under pressure due to dovish FED
Yesterday dovish FED turned to be very bearish for USDJPY pair. There was some minor retracement during Asian market which is not a surprise as USDJPY moves in good correlation with Nikkei index...
View ArticleEURUSD bullish pennant breakout in progress
You have probably noticed that I have been bullish in last few EURUSD reports including weekly poll. That’s because EURUSD was giving strong signal that it should go bullish especially on a technical...
View ArticleAUDJPY bearish but we could see a retracement soon
As I have explained in this analysis, AUDJPY bearish sentiment exactly came to the fore and AUDJPY dropped hitting our targets. Over the last few days, particularly at Month and Quarter End, it was no...
View ArticleUSDJPY Time for a correction?
Yen has been gaining ground vs USD and that reflects on the chart as a direct drop towards monthly Camarilla PP without any substantial retracement. USDJPY might be targeting 105.44 on mid-term...
View ArticleEURGBP clear break below bearish pennant
EUR is getting weaker vs GBP counterpart and it is clearly visible on the charts. The pair broke through double symmetrical channel creating a clearly visible bearish pennant. If we add the height of...
View ArticleEURUSD N 1 2 3 Bullish pattern forming at the bottom
EURUSD has dropped from the highs after reaching the target as predicted in this article. After hitting resistance zone it could proceed above 1.1470 and it dropped towards 1.1220 support. At this...
View ArticleUSDJPY Bearish below 109.95
Previous USDJPY analysis was respected by the market and the pair behaved exactly as planned. We may get a possible top on US Equities either on 20/21 April, however if it continues to grind higher,...
View ArticleEURUSD Leaned Head and Shoulders and Hidden Bearish Divergence support downtrend
EURUSD is showing Head and Shoulders variant 2 pattern ( Leaned Head and shoulders ) and coupled with hidden bearish divergence suggest further drop. 1.1400 is very important (Divergence top) as below...
View ArticleGBPJPY bullish equities might fly the dragon up
The Dragon or the Beast -the GBPJPY currency pair is one of the best moving pairs in Forex market. Strong correlation to Equities such as Nikkei, Dax and S&P500 is because the Japanese can get...
View ArticleGBPUSD is targeting 1.4805
Fears of Brexit no longer burden GBPUSD and at this point GBPUSD is rallying toward next resistance at 1.4650. Technically both technical analysis and PA show a bullish correction so traders should be...
View ArticleEURUSD LVZ and Advance block make another bullish confluence
Not surprisingly both EURUSD and GBPUSD have been among the best trade setups this week. Technical and fundamental alignment has placed both pairs in a good correlation (+74) on intraday time...
View ArticleEURUSD watch for 1.1435 and 1.1385
The popular Fiber or EURUSD pair is expecting NFP and Unemployment that will surely spike the volatility in the market. ADP dropped heavily and that was the worst reading in last 2 years. ADP is...
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