Forexfalcon01

Forexfalcon01

With the yuan and yen offered, so too is the AUD/USD, pulling back from multi-month highs hit Thursday. Despite recent weakness, buying dips is preferred to selling rallies as long as risk appetite holds up. Given the proximity to former resistance at .6442, traders could buy ahead of the level with a stop below for protection. .6712 would be the initial target...

Forexfalcon01

With the yuan and yen offered, so too is the AUD/USD, pulling back from multi-month highs hit Thursday. Despite recent weakness, buying dips is preferred to selling rallies as long as risk appetite holds up. Given the proximity to former resistance at .6442, traders could buy ahead of the level with a stop below for protection. .6712 would be the initial target...

Forexfalcon01

Short exposure to crude oil has been trending higher among large speculators and managed funds since late March, although clearly they remain net-long overall. And whilst long exposure dipped a couple of weeks ago, both sets of traders increased long exposure last week and net-long exposure remains at a healthy level overall. And neither is it at a sentiment...

Forexfalcon01

Silver technical analysis: Regular readers will know that I have been awaiting for gold prices to pop higher over the past week. Whilst there's no cigar, the bias remains bullish until bearish momentum returns to the daily timeframe. However, silver may have the more compelling setup. Silver prices formed a strong rally in March through the first half of April,...

Forexfalcon01

Today's Bank of England (BOE) meeting will garner a lot of attention, to see if they signal the June cut markets so desperately want to hear. I'm not fully convinced they will. But that may not prevent the British pound from weakening as we approach the meeting in anticipation of such an announcement. The big question for today is if the BOE will satisfy bearish...

Forexfalcon01

#USDJPY pair rose early Wednesday, posting its third consecutive day of gains. The Japanese currency was once again in the hands of dollar bulls despite huge efforts by Japanese officials to strengthen its value. Last week, the Japanese government intervened in foreign exchange markets, buying about 60 billion dollars worth of yen. The operation was a mixed...

Forexfalcon01

📈 GBPJPY → The Yen continues to weaken. Target 197.0 GBPJPY is testing trend support, but buyers are keeping the price away from risk zones. The currency pair is returning to the bullish zone relative to 193.5, which generally opens up the market to 195.0-197.0 upside potential On W1, the currency pair after a false breakdown of global resistance is moving back...

Forexfalcon01

LITECOIN has form a bullish triangle pattern, opportunity to enter Long Sare ur idea with me, Comment

Forexfalcon01

AVAXUSDT from a Ascending channel, wait for a breakout to go Short

Forexfalcon01

CADJPY has form a double bottom, opportunity to enter Long, wait for a breakout

Forexfalcon01

WTI futures retreat below both 50 and 200-day SMAs Violate ascending channel in place since November Oscillators approach oversold conditions WTI oil futures (June delivery) had been in a steady uptrend since December, posting a fresh six-month peak of 86.90 on April 12. However, the price has been undergoing a pullback since then, dropping beneath both its 50-...

Forexfalcon01

WTI futures retreat below both 50 and 200-day SMAs Violate ascending channel in place since November Oscillators approach oversold conditions WTI oil futures (June delivery) had been in a steady uptrend since December, posting a fresh six-month peak of 86.90 on April 12. However, the price has been undergoing a pullback since then, dropping beneath both its 50-...

Forexfalcon01

Bitcoin posts 2-month low on expectations of slower rate cuts But cryptos breathe a sigh of relief after dovish Fed meeting The launch of Hong Kong listed spot ETFs disappoints Bitcoin gains but lacks bullish long-term catalysts The king of cryptos has come under selling pressures lately, especially following the successful completion of the fourth halving event...

Forexfalcon01

Silver has been moving in a falling wedge wait for a breakout and a retest before long