TheFxAce

TheFxAce

Ok finally we have a Daily SELL signal on my indicator as per my post on the 07/09/2022 were in my analysis of the CHFJPY I was looking for a signal to sell above 146 as we entered a long term SUPPLY/SELL zone. This pair has rallied pretty hard since I posted that analysis and there has been no signs of it slowing down till today after it broke the 150 mark...

TheFxAce

A lot of strong comments coming out of Japan today similar to last week when price was at the 145 will an attempt to break this level result in actual intervention ?? The Yen pairs are all selling off after the latest comments I am waiting for a confirmations SELL signal on my indicator to enter the USDJPY.

TheFxAce

Quick update on my GBPUSD analysis from the other week the first part of the idea has went as thought we got the buying reaction at the 1.142 level which went all the way up towards the first target area above 1.17 which was the previous weekly low that was taken out in the current trend to reach the 1.142 low. As explained in the post once the 1.172 previous...

TheFxAce

Yesterday I posted a SHORT idea on the USDJPY were I was looking for a break and close with SELL signal on my indicator of the bearish flag pattern that was forming while paying attention to the CPI which came in above expectations and blew any shorting opportunity out the doors lol. As explained yesterday if we got a break above Monday's HIGH we would then go up...

TheFxAce

Yesterday's CPI data in the US was like a bomb in the markets things went a little crazy during the US session after the news this resulted in my short term trade idea on the GBPCHF which triggered yesterday to get stopped out it happens this is trading :) I still believe that we will get a correction up towards 1.13 though we have now broke the 2020 low and you...

TheFxAce

As per my trade idea earlier today price dropped below the 1.112 level the a nice BUY signal occuring straight after the bounce below the level will target 1.13 in the short term.

TheFxAce

Today I will be looking to SELL the USDJPY on a clean break of the bearish flag that is forming and will be targeting the previous HIGH in the current trend that was taken out last week this should act as a nice support allow there could be a deeper correction down towards the Daily DEMAND/BUY zone marked on the chart above. I will want to see a clean break and...

TheFxAce

This pair has just been grinding down towards the 2020 LOW at 1.112 it did get a slight bounce here from the open yesterday and is again aproaching this level wiith MACD divergence signal starting to occuring on the 4HR chart, we are also extremely oversold at this level I am expecting a nice reaction at this level again. I will wait for a signal to occur on my...

TheFxAce

Just a quick update on the GBPUSD LONG trade that I posted the other week after we hit the 1.142 low from 2020 as explained in that post a strong reaction at this area was expexted with a first easy target above 1.17 we are more or less at this level now price may continue to rise though will pay attention to the CPI in the US. I did explain in the last post we...

TheFxAce

Just a quick update on today's SELL idea on the CHFJPY we just got a confirmation 30 SELL signal on the indocator at 149.500 as explained iit the early post that we would enter on the first signal above 149.

TheFxAce

Today I will be looking to SELL the CHFPY above 149 on any 15min or 30min signal on my Price action signal indicator and will target Friday's low or lower at 147.5. The reason behind this trade is I am expecting a correction to start occuring very very soon both short term and long term if you look at both the RSI and Stochcastic indictaors all the major...

TheFxAce

The YEN cross pairs have been taking some beating this year and likely there may be more to come but llooking across all the pairs and also looking at the yen futures chart there should be a relief rally for the next week before the BOJ policy meeting at the end of the month which I am sure will be closely watched. Today I'm sharing the trade idea on the CADJPY...

TheFxAce

At the end of August I posted the likely path the USDCHF would take next at the beginning of the MONTH it rallied a little bit higher into the weekly supply zone which is standard iit has just achieved the first short term target below 0.96 it actually took out the daily demand zone so can expect a short rally up before heading back down towards the LONG term...

TheFxAce

As per yesterday's trade idea on the EURUSD were I said that a correction up towards 1.03 -106 was immient after the market formining a support area around 0.99 after multiple times trying to close below it sellers where exhausted buyers have now entered after the DAILY signal on my indicator already 120pips in profit :) )

TheFxAce

Just a quick update on the SELL setup I posted yesterday as you can see the correction has began once we took out the 2002 high and then had a Daily close back under 110 with a SELL signal on the indicator moving nicely will move STOP loss to breakeven and close 30% of the position :)

TheFxAce

Today's analysis is based of the HFT WEEKLY and MONTHLY charts with emphasis on the daily and 4hr charts were we can see evidence of a support being formed around the 0.99 area. As you can see on the WEEKLY chart my custom indictar gives very accurate signals when used on the weekly charts and especially around key price areas like we are at now. The EURO is...

TheFxAce

Just a quick update on the idea I posted on the DXY Dollar index yesterday were I said I suspect there would be a correction after taking out the 2002 September high which was located at a Monthly SUPPLY/SELL zone, correcting down towards the 103 area before then moving higher towards 117. I wrote yesterday that I wanted to see a Daily close back down under 110...

TheFxAce

The Dollar is surging and nothing seems to be stopping it the DXY has been rallying for nearly 16 months straight without a correction. We have just taken out the 2002 September high this also being at a SUPPLY/SELL zone from 2002. I suspect we may get a short term correction soon down towards the newly created DEMAND/BUY zone between 103.5 -100 this would be a...