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EURUSD : Poised For A Down Movw
On the daily chart, EURUSD closed with a bearish body. This is a bearish evidence.
The change in polarity from bullish to bearish is one of the early signs of a reversal on any given time frame.
I expect a sell off towards 1.1245
Happy trading!
The change in polarity from bullish to bearish is one of the early signs of a reversal on any given time frame.
I expect a sell off towards 1.1245
Happy trading!
CHFJPY DUE FOR A RETRACE
This pair has been making lower lows. For the first time on the 1 - hour chart we are now seeing a higher high being made.
I am of the opinion that the pair, having reached 112.6X resistance level is now due for a retracement to the down side.
The 4 - hour chart shows a candle with a bearish close and it failed to make a higher high compared to the previous candle.
The 50% retrace level of the segment from 112.67 (high) to 110.07 (low) should be a very conservative level for the anticipated retr…
I am of the opinion that the pair, having reached 112.6X resistance level is now due for a retracement to the down side.
The 4 - hour chart shows a candle with a bearish close and it failed to make a higher high compared to the previous candle.
The 50% retrace level of the segment from 112.67 (high) to 110.07 (low) should be a very conservative level for the anticipated retr…
Trading During Holiday Season
Good day everyone,
Many are aware that the FOREX market trades on leverage and this makes it a business with high risk.
It is also known that during holiday season (like we are in at the moment), liquidity dries up. This also creates extra risk.
The market trades 24 hours each day and 5 days each week. Having traded this frequently from January 2016 till date, will any trader be justified for taking up the extra risk involved bt trading in this holiday season?
Will a few days break from the mark…
Many are aware that the FOREX market trades on leverage and this makes it a business with high risk.
It is also known that during holiday season (like we are in at the moment), liquidity dries up. This also creates extra risk.
The market trades 24 hours each day and 5 days each week. Having traded this frequently from January 2016 till date, will any trader be justified for taking up the extra risk involved bt trading in this holiday season?
Will a few days break from the mark…
EURUSD BULLS IN BEAR COUNTRY
The EURUSD pair experience quite some unusual happenings yesterday. Posting the highest volume on the Globex for yesterday of over 100,000 a clear 20,000+ points from the next in line JPY, the spread (or range) of the candle did not seem to be indicative of this occurrence as the pair did a daily range of just 49 pips (less than 50% of its 260-day average range).
In the later session of NY yesterday, we saw price stay entrapped within a symmetrical triangle, this consolidation continued until ea…
In the later session of NY yesterday, we saw price stay entrapped within a symmetrical triangle, this consolidation continued until ea…
GBPUSD OUTLOOK FOR JUNE 6-8, 2016
Yesterday, we saw a massive sell off on the GBPUSD pair. Not quite a surprise to traders for many people have been expecting a little
bit more selling so that they can position for the impending buy trades.
I have personally marked out 1.2874 as support for the present day and right about now, price just touched the level.
I expect some decent buying on this pair until 1.3150 level.
My stop loss is just below the day's low at 1.2790
Let's see how this one plays out.
bit more selling so that they can position for the impending buy trades.
I have personally marked out 1.2874 as support for the present day and right about now, price just touched the level.
I expect some decent buying on this pair until 1.3150 level.
My stop loss is just below the day's low at 1.2790
Let's see how this one plays out.
THE RANDY SOUTH AFRICAN RAND
In recent times, the South African Rand has been on the radar of many traders as it gave signs of a polarity change indicating a long term buying of this pair.
As is often seen in the financial market, investors usually want to get the best possible pricing , they always love to have a catbird position as regards their entries. It therefore should not be surprising to expect price to trade towards the building support before the flight to the upside takes place.
Just before Frankfurt close today…
As is often seen in the financial market, investors usually want to get the best possible pricing , they always love to have a catbird position as regards their entries. It therefore should not be surprising to expect price to trade towards the building support before the flight to the upside takes place.
Just before Frankfurt close today…
GBPJPY - Outlook For The Rest Of The Week
Hello everyone,
today, the Pound-Yen posted a very stellar performance rallying over 180 pips. After a currency pair has performed so brightly, it is usual to find traders who will want to buy the pair at the end of day. In their heart they think that having performed so brightly, there will be no better time to buy apart from now that the steam is still on and the engines revving. This decision has often turned out to be flawed as traders get badly burnt doing this very act.
A wise trader and b…
today, the Pound-Yen posted a very stellar performance rallying over 180 pips. After a currency pair has performed so brightly, it is usual to find traders who will want to buy the pair at the end of day. In their heart they think that having performed so brightly, there will be no better time to buy apart from now that the steam is still on and the engines revving. This decision has often turned out to be flawed as traders get badly burnt doing this very act.
A wise trader and b…