USDCAD poised to challenge next support
An unexpected jump in Crude Oil inventories (It influences the price of petroleum products that affects both growth and inflation) had a small impact on USDCAD yesterday as gains were limited and the...
View ArticleEURUSD Cup with Handle on intraday chart
The EURUSD is focused on ECB meeting this week on Thursday where investors will re-assess ECB further policy but until then we need to analyze the possible intraday movement of the most traded Forex...
View ArticleEURAUD strong downtrend continues
This week we have the ECB meeting, with analysts predicting further forms of QE by reducing deposit rates, which should weaken the EUR. Of recent, we've seen Commodities prices rebound, in particular...
View ArticleSpecial report: EURUSD possible master candle after ECB decision
As presumed the ECB decision made a hectic movement on Forex and Equities. The ECB decided to cut main refinance rate to 0.0% while markets expected 0.05% + deposit rate was cut to -0.40% vs 0.40%...
View ArticleGBPUSD uptrend in progress
GBPUSD ascending scallop on H4 time frame suggests further bullish continuation. If we drill down to H1 time frame we will see a solid uptrend where GBPUSD has been bought on pullbacks. The first POC...
View ArticleUSDJPY huge momentum after a running triangle breakout
As we could see, after yesterday's webinar USDJPY dropped like a stone from POC giving us more than 140 pips of a profit. The setup was based on a running triangle and general 114.00 rejections and...
View ArticleEURUSD – what would you do for an encore?
This is what I like to see and this is when traders can make both pips and money trading momentum, breakouts and subsequently making positional trades. Yesterday FED neutral to dovish statement (more...
View ArticleAUDUSD Ascending Scallop gaining momentum
The AUDUSD is gaining its handle above 0.7500 level and the RBA stayed neutral on recent AUD strength.In my opinion its mainly USD weakness, but Commodities prices have improved the last few weeks -...
View ArticleGBPUSD is close to important crossroads
Bad inflation data is weighting on the GBPUSD pair (0.3 % vs 0.4 % expected) and that could possibly mean no rate hike anytime soon and it caused a deeper retracement in the price. Technically we can...
View ArticleEURUSD Watch for 1.1055 if it doesn't spike up from POC
The EURUSD is standing at very important POC 1.1145-60. This is 4h support and POC ( T-89 ™, Inner Trend Line, Historical Bullish Order Block). If EURUSD wants to go up it should spike from POC else we...
View ArticleGBPAUD is moving in opposite correlation to AUDUSD
Yesterday's AUDUSD analysis on Session Recap webinar has already been respected as AUDUSD moved +50 pips from POC also providing us with the cue where the GBPAUD may go. As you can see from the...
View ArticleAUDJPY Bearish divergence could bring risk-off sentiment to the fore
Commodities and Equities prices have rebounded from their interim lows of Early February 2016, and it has resulted with strong gains across these markets. Clearly this has been a risk-on scenario,...
View ArticleAUDUSD might spike up at channel bottom
The AUD pair is heavily correlated to Iron ore as the world's largest iron ore exporter. Recently Iron ore price has spiked up and that happened after China announced huge infrastructure investments...
View ArticleEURUSD PRE FOMC Consolidation
Today the most important event is FOMC minutes where FED will be providing in-depth insights into the economic and financial conditions that influenced their vote on where to set interest rates and...
View ArticleGBPUSD trend line break suggests further downside
We have seen no specific trigger to GBPUSD huge drop as there has been no U.K. data to digest except for Services PMI. Recent BREXIT pools suggest the vote could go wither way as in the recent polls...
View ArticleEURUSD could breakout above bullish range
The EURUSD went down early today towards 1.1400 and was rejected. As I thought, Friday profit taking tanked the pair towards 1.1350 where it showed the range. The pair is still in range however, price...
View ArticleUSDCAD symmetrical triangle downside break
The USDCAD continued to drop after a bearish breakout of the bottom triangle trend line and its exposed to more downside risks. On April 17 the meeting of OPEC and Russia will be held to confirm oil...
View ArticleAUDJPY in full bullish advance mode
Japanese equities are very important for Yen movements and AUDJPY is my favorite along with USDJPY. When foreign investors buy or sell Japanese equities currency-unhedged there is a positive...
View ArticleEURJPY broke below sideways chop range
EURJPY broke below sideways chop last night when it was announced that OIL production cut back negotiations failed. There was a gap on JPY pairs and today early correction has closed most of gaps. JPY...
View ArticleGBPUSD bullish flag suggests further upside
The GBPUSD has washed off Brexit talks and it is showing an upward momentum on intraday time frames. After better than expected Claimant Count change (Change in the number of people claiming...
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