FTUKcom

FTUKcom

Recently we have finally seen some rest bite for the pound after looming USD data. Other instruments are markets have also somewhat corrected and as we can see from GBP/AUD we are picking up some momentum to the upside with targets of 1.8400 for next week. Always follow your trading plan regarding entry, risk management, and trade management. The information and...

FTUKcom

The USD this year has been nothing but bullish throughout. Fundamentally and technically which has lead stock, futures and commodities is certain strong directions which is fair to say has had a worldwide effect. Further technical are showing USD not to be slowing down anytime soon. USD/CAD long term prices could be found above 1.5000 and up towards 1.6000 in...

FTUKcom

Prior GBP/USD: GBP has now reached record lows against the USD, as USD continues to soar. The obvious mark that most trader are now looking at is 1.0000. If trends continue long term we may even see lower prices than this. 1.1200 is a strong level of resistance for this pair now and it may look for some rest bite as we head into the later stages of 2022....

FTUKcom

Prior chart: USD/CAD has finally formed a new higher high as expected off the back off the recent USD strength. We have been anticipating a new high since below 1.3000 and now we have pushed above the 1.3500 handle. Overall further movements higher on this pair are to still be expected long-term.

FTUKcom

We took a small break from posting our trading analysis but we are back to share some more of our trading ideas. USD/CAD here is still looking very strong with the potential to break out into new monthly highs. 1.3200 is a possibility heading into next month. 1.3400 would be a long term profit taking zone. Always follow your trading plan regarding entry, risk...

FTUKcom

Prior chart: Recently XAU/USD achieved the target of $1,750 per oz. as expected from our last analysis break down. Bearish momentum is building strong on the weekly and we could be set for further downside action to come heading into next week. $1,700 should be reached soon with more potential to go lower. What are your thoughts on Gold at the moment?

FTUKcom

Prior chart: AUD/USD since our last post has fallen 150 pips with still some more downside to go. The landing spot is firmly set at 0.6700. Dollar strength looks to have full control over the AUD and we could look to see another 70 pip decline heading into early next week. There is a small amount of high impact news over the remaining hours of this week as...

FTUKcom

Prior chart: After a recent successful 400 pip downside movement from the last chart update, we can see further bearish momentum on the horizon for this pair. The USD strength and pressured sentiment are still active and looking over the next 12 months, we could see some very low prices on GBP/USD and other GBP pairs. Make sure to use your trading judgment...

FTUKcom

0.6700 is the target we've suggested before on AUD/USD and after the recent volatile markets, we are moving lower at a rapid pace. Tomorrow holds more high impact news so make sure to trade safe. More USD strength is expected over the next couple of weeks, which should keep the momentum bearish on this pair.

FTUKcom

There seems to be an everlasting weakness for the pound as the lacklustre story continues. As for the technical side, we are looking bearish here on the GBP/USD with potential for the next leg to the downside to occur. Overall from a weekly perspective we are looking ahead at 1.1800 being a long term downside target.

FTUKcom

$1,800 followed by $1,750 are the respected downside targets for XAU/USD. Looking at the data for the rest of the week it is possible to start seeing the precious metal fall over with momentum heading into next week. We will stay updated on this instrument with our short bias and see if we get further downside movement in this scenario.

FTUKcom

These past few days we have had our eyes on USD/CAD which is at a crucial level. Approaching 1.2500 this level is likely to be achieve shortly being a 4-hour fib D extension level, but then are we going to break the supportive structure looking left or are we going to revisit the descending trendline? It is possible for a sharp movement back up if the dollar can...

FTUKcom

As the UK goes into a 4 day weekend with the Jubilee bank holiday the pound is looking very desperate especially on the GBP/AUD. It is currently holding onto support arround the 1.7450 region and looking at previous downside breakouts at this level in the past we have seen a 200 pip sharp movement which could be very worrying for the pair. On the higher...

FTUKcom

We have had a week of rest bite for most currencies as the dollar eases of its bullish pressure. As we look ahead to next week, we can see multiple patterns emerging for potential euro weakness which may provide shorting opportunities on EUR/JPY for a bearish leg to the downside. Obviously we will need confirmation of the counter trend ascending line breakout...

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After analysing the EUR/JPY we can see a potential short opportunity lining up. 136.50 could provide as a fantastic area to look for a bounce on this 4-hour descending trendline. We have some EUR fundamentals heading into this afternoon. Ultimately the downside targets are 131.50 then 130.50. If we get this movement to play out, it will now likely occur over next week.

FTUKcom

After some recent success on this pair its time to have a look at the next forecast. 0.7100 seems to be an ideal region for the pair to pull back up to before taking another plummet lower. The long term monthly downside target still remains at 0.6700 but we can see more manipulation coming around these daily moving averages. Lets see if we can get a further...

FTUKcom

1.7500 is the next immediate downside target for GBP/AUD. The fundamentals heading into next week are looking bleak for the pound and continued weakness across the board is to be expected from the worse than expected GDP growth rate. Further downside could be expected past this target looking beyond next week. Lets see how strong this bearish closure will be for...

FTUKcom

With more strong data on the USD coming out by the minute a further extension higher is to be expected for the remainder of this month. 110.00 looks to be an ideal upside target with many confluences. A large multi month uptrend and Fibonacci seems to be playing out well and this up trend is being respected on most of the timeframes. Downside opportunities may...