FX_Trader_Analyst

FX_Trader_Analyst Updated 

AUD in under pressure as Westpac yesterday increased variable rates on mortgages. This will help RBA, and commercial banks are assisting RBA to do the hard work. Australian 2y - 10y yield spread has increased, i.e. - the shorter term yields are easing out and the likelihood of RBA to increase rate anytime soon is diminishing. Yields differential between the U.S...

FX_Trader_Analyst Updated 

USD might be under pressure this week with ISM manufacturing expected to slow down, and NFP expected to remain below 200K which also suggest slowing. Overall US economy is strong with robust consumer spending and business fixed investment which expect to drive the economy and corporate profitability. 2y US Treasury yields dropped a little bit, and this could...

FX_Trader_Analyst

Japan JPY PMI Better than expected BoJ suggested a yield curve increase in the corporate debt Australia Rate hike on hold Westpac project the rate hike in 2020 Current political turmoil in the Liberal party Selling towards weekly support pivot with a tight stop loss.

FX_Trader_Analyst

I have shared this trade idea couple of day ago and while back then it was a technical trade, given the turbulence in the Liberal party in Australia and potential early election as early as October, this will weight on the Aussie and trigger a sell off. Jerome Powell is expected to stay independent and will most likely brush off recent comments from president...

FX_Trader_Analyst

AUDUSD is technically chanllenging the resistance however the pair is poised for further weakness.

FX_Trader_Analyst

Technical trade - Sell Technically the trade is poised for further decline. Currently testing daily 21EMA and also is at the rejection area of 38.2% and 61.8% Fibonacci retracement. Previously made a lower low in the price structure suggest a potential for further weakness around 1.1520 level with a target 100 pips lower. Fundamental trade - Buy Playing...

FX_Trader_Analyst

Traders can consider this technical sell trade. Stoch is above 80 and crossing, while price action is testing technical resistance and 21EMA on a daily chat. On the 4H chart, the price is due to a correction and I expect a pullback and a double bottom at support. Risk reward is also reasonable. The risks to this trade are fundamental drivers, and reduction in...

FX_Trader_Analyst

Price is approaching Yearly central pivot point and this is also a role reversal which the stochastic is overbought on 4h an 1h. Price is rejecting 55 EMA on 1h and 21 EMA on 4H Sell with SL above 618 Fib retracement and 2:1 risk reward as minimum target

FX_Trader_Analyst

thank you for comments or likes! Price broke through the support and the sell zone was reached 8 hours ago. Price was at Weekly Pivot together with confluence of 4H 21 EMA and 382 Fib retracement. Overall technical trend is down and fundamentals support Aussie weakness. Stochastic is reaching overbought levels.

FX_Trader_Analyst

SP500 broke support after head and shoulders and we can expect continuation of this correction move towards 2000 levels.

FX_Trader_Analyst

After selloff and at the support of psychological level 83.00 that is also a Fib retracement zone and price actions support this is aggressive buy with SL at 82.60.

FX_Trader_Analyst

GBPJPY was under selling pressure over last two day. Price is at support.Now produced higher high and higher low. I bought at the higher low. Stop loss in below 155. Wide but ok for GBPJPY pair

FX_Trader_Analyst

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements GBPJPY experienced significant sell off over last week in line with expectations but much greater magnitude. Price is now sitting at support and stochastic is significantly oversold. This is also close to 618 Fib retracement form the March...

FX_Trader_Analyst

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements Price dropped as the repatriation continued in Japan and this drove the value of JPY up. On the other hand Yellen dovish speech and relatively week although better than expected NFP didn't support April hike and doesn't support June hike...

FX_Trader_Analyst

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements. Like or comment would be great! Thank you! EURUSD sell retracements. Pair has approached Yearly Pivot point and this triggered some buying power. I see weekly pivot point as a 1st target for sell entry and monthly R1 as second target for sell...

FX_Trader_Analyst

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements. Like or comment would be great! Thank you! GBPJPY is rising towards resistance and 21 EMA on daily. As I'm a bull I would be waiting for any pull back from where I would add to the longer term portfolio. On Daily chart Stochastic is about to...

FX_Trader_Analyst

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements Price is approaching resistance levels around 114. levels. I expect price to return to 112.8 levels before continue its way up. At 114 levels there is a resistance and weekly R1 pivot point. Stochastic is overbought and currently riding 21 EMA...

FX_Trader_Analyst

Long term view on EURUSD is to sell any retracement. Technically speaking pair is still in the uptrend and bouncing at 21 EMA and yearly central pivot. Should that price retrace on 1 H and made HH I would be looking for the price action and sell. Should that price break below yearly pivot we can wait for retracement sell from there. I don't like to catch the...