GBPUSD Rectangle consolidation within Equidistant channel
Positional trading has been subdued to some extent in last 2 days but GBPUSD is definitely better to trade then EURUSD. YEN, NZD, CAD and AUD show trending patterns and those are the currencies we...
View ArticleEURUSD consolidating in the lower zone prior to Non Farm Payrolls
Yesterday’s ADP has shown us US employment growth of 237K vs 219K expected which led to another drop in EURUSD currency. Due to US Independence Day. NFP is scheduled for today at 12.30 PM (14.30). Good...
View ArticleUSDJPY slowly grinding to the downside
The USDJPY pair has been patiently trading in a shallow angled channel particularly without any whipsaws caused by Greece vs EU recent developments. Safe heaven flows have been moved to USD and Yen...
View ArticleEURUSD is bought on dips on Greek deal hopes
Prime minister of Greece is asking for a 35 billion EUR front-loaded, hoping that the investment in Greece might stimulate growth which would in turn ease the austerity measures. Now Tspiras is facing...
View ArticleEURUSD HUGE M pattern forming on daily chart
EURUSD has dropped on Greek parliament vote and we can suspect that the vote has already been priced in within the context of choppy price action during previous month. Syriza leader and Prime Minister...
View ArticleGBPUSD Crucial levels – 1.5675 to the upside and 1.5490 to the downside
GBPUSD has surged on Mark Carney’s comments that MPC could hike the rates before 2015 ends. The pair has definitely performed strong during the previous week but we need to watch the levels and not...
View ArticleNZDUSD relief rally after RBNZ decision but
As we could see in my previous NZDUSD ANALYSIS , the pair has rejected from 0.6620 to 6560 making 60 pips but then failed to break 6550 for a new surge of selling. Contributing to a failure of a...
View ArticleAUDUSD Bearish Equidistant channel playing out
Adding to mr. Glenn Stevens comments that the exchange rate in AUDUSD is too high we also noticed that commodities have been crashing along with losing confidence in Chinese economy. FED could start...
View ArticleEURUSD: Angled zig zag in bearish channel
EURUSD has bounced from sub 1.0900 levels boosted by monthly profit taking and good German IFO. Additionally lower oil prices had a positive impact on CPI number (Core CPI). We are slowly entering into...
View ArticleUSDJPY Bearish pennant on H4 chart
Consumers and business in Japan cut spending and Chinese PBOC Yuan devaluation gave additional boost to USD adding to lower Chinese exports in July ( 8.3 % vs prior year ). That all is causing...
View ArticleAUDUSD Triple confluence at resistance
Although correlation between EURUSD and AUDUSD has been positive, USDAUD has resisted major USD weakness after dovish FOMC minutes. Commodities are also pricing in fears of slower Chinese growth so AUD...
View ArticleEURUSD is having a deeper retracement
EURUSD has broken through 1.1460 which was preceded by China devaluating its currency then intervening massively in FX market. Is this a start of currency war? It remains to be seen. October 1998 saw...
View ArticleUSDCHF X cross confluence with deep fib
Last Friday Swiss GDP unexpectedly rose 0.20 % while yesterday Swiss KOF eco barometer also jumped to 100.70, 0.30 points after a revision (100.40). Equities are main driving forces of the market at...
View ArticleNFP will give hints about USD rate hike
Today’s NFP is released before FOMC meeting 2 weeks later. In latest press conferences FED has stated the importance of all data in the decision to raise interest rates. The problem is that global...
View ArticleNZDUSD downtrend aiming for 0.6170
NZD being a soft commodity exporter is connected to Chinese markets as NZ exports a lot to China. Soft commodities as dairy, lamb, meats is heavily demanded by Chinese market. Recently we have...
View ArticleEURUSD 1.1320-30 shorts for 1.1000 target
When trading FX market , we need to be patient. It is not just about placing a trade, a proper timing is more important. As we could see (2 days ago) NZDUSD analysis on FXSTREET rejected perfectly...
View ArticleGBPUSD for September 15 GBPUSD V shaped reversal for both longs and shorts
GBPUSD rallies are currently sold into as BOE is very cautious on interest rates. Also inflation is flat as its best and with today’s data PPI ( Producer price index ) GBPUSD is still in “no man’s...
View ArticleEURUSD bullish flag targeting 1.1570 initially
FED has disappointed markets with .a no hike decision and that had a huge impact on stock market and equities. The first hike after 2006 is no more at this point and obviously FED doesn’t believe in...
View ArticleNZDUSD proceeding with downtrend
As we could see from EURJPY analysis which I published with FXstreet, aligning confluence points with POC can give us great zones for entries sometimes without ANY drawdown. That usually happens when...
View ArticleEURUSD Pay attention to 1.1205 and 1.1105
EURUSD has bounced after a good German IFO result reaching 1.1295. Subsequently,FED’s chief Yellen gave a hint that FED interest rate increase was still likely this year. Hawkish Yellen gave a boost to...
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