A very good opportunity to go along with the upward channel, with oversold Stochastic . No such fundamental influence on both the pairs. Looks like fresh longs await.
A good long opportunity for AUDJPY, althought much depends upon the BOJ Gov speech and the daily candle close below the upward trend line. However, on a smaller time frame there is a stochastic divergence, which might prove a good scalping opportunity followed by the bullish momentum. Happy trading.
Supply zone is found in the hourly chart. Possible return to the zone, and after several tests, may break the strong resistance at length. Good scalping opportunity again.
Can be a good scalp as it heads upwards towards a break of the wedge. A break above 61.8 might prove a strong bullish force, therefore wiping out the bears remaining in the market. Must be fun.
A very positive outlook for ETHUSD. Breakthrough is imminent, till 3600 after which a retracement to 61.8 is possible.
A push up the rectangle is a strong resistance zone break and a wedge break upwards too. Note the Monetary Policy and Asset Purchase reports tomorrow.
Before hedging long, UJ might move up to the choppy zone before it breaks the wedge. It's super oversold too, diverging from the bullish trend. Candles in the choppy zone indicate bullish pressure,which can be assisted by the Tokyo opening in due time. It's a good scalp opportunity, also giving the assurance of a hawkish trend in the near future. Good luck.
As US economy recovers due to a surge in private sector employment levels and a hawkish outlook by Fed Cair Powell, which may cause DXY to rise in future. TVC:DXY The chart reveals testing the important support at 1.22425. Expect a firm rebound upwards, possibly forming a channel. A break over 100 EMA and the trend should prove to be a green light for a buy.
TP provided, along with a huge break of daily resistance zone. Going up to the golden ratio, having appropiate retracement. Call out a short if it acts as a resistance later. Good chance for scalping. =)
Good day. We have a negative Current Account report here, including a negative Business Investment report. I have a long-term bearish move at GBPAUD, and will come into effect within the next week (hopefully). Everything's in the chart. Cheers. Riz.
Good day. As UK releases it's Current Account report, some volatility is expected in the market; which can benefit but also wreck several GBP pairs, mainly GBPUSD. All technicals in the chart. Riz~
So you have the interest rate announcement after a few minutes, and the Fed Meetings schedules minutes after that. What a day to roll up your sleeves and start working! One of the best pairs for the day would be USDCAD alone, after hitting a major support and having a huge bounce back. USDCAD is currently diverging with USOIL and so much more to come! Stay put and...
Well..a weak week for euro fundamentals. After EURUSD 's downfall, nothing is to be expected anyways. We have a nice pair here. EURAUD broke the 45-day range. On the completion of the 4th leg, it should be overbought in a downtrend (chaaching!). It breached my Demand 1 and was about to breach Demand 2, which will be completed by the initial 5th leg. Will be fun! Riz.
Hello. Tomorrow is a big day for GBP, as we inch forward to the rate hike. Hence, the pair can go all the way down and hit the golden ratio and complete the C leg. EUR is expected to weaken as recent news suggest a hold on rate hikes and asset purchases. This will hit hard for this pair, after weeks of overbought levels. This will be fun ;) Riz.
Hello. A good day for EURUSD. We have EUR news as well as US news on board. Euro is expected to tumble as the ECB is expected to hold the rates on its decision today. US fundamentals are expected to be stronger. There are also bearish signals as indicated by the long wicks and bulls taking their profits. EU was on a 14 day high and is now tumbling down. Throwback...
Ya got the opportunity. After weekly highs, it's finally time for NU to fall. Ah....what a short it'll be. Be careful as AUS releases CPi this Wednesday, which may produce volatility in NZDUSD too. Cheers. Riz~
Just buy it already. It's dead meat. Now it's time for the pair to go complete the A leg. It was on a bullish trend before, and it was a sharp correction and now is expected to head north. It's bouncing off the 10 day support and away it goes! Best of luck! Riz.
AUDUSD can go more down, as a H&S is developing. The MACD is already showing an imminent cross. The TEMA is providing a good resistance, along with the crucial resistance at 38.2%. This will be a good selloff, but do wait for the important US Manufacturing News today. Best of luck! Riz.