GBPUSD 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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