UncleBullFX

UncleBullFX

Last week the price of EURUSD ranged between 1.02700 and 1.01550 key levels, forming a 100+ PIPs consolidation area. EURUSD closed a 0.9% weekly gain, the most since May after the ECB raised the three key interest rates by a more than expected 50 basis points. Moreover, worries about gas supplies eased for now as gas flows through Nord Stream 1 resumed. Soaring...

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We continue with our overall bearish bias of U.S. indices due to the aggressive hawkish tone of the Federal Reserve, hiking interest rates to combat the fast pacing inflation. Bearish Scenario A: Retracement to 32600 key level, creating an upper weekly wick, grabbing orders, before a bearish continuation to the downside. Bearish Scenario B: A breakout below...

UncleBullFX

We continue with our bullish bias on the USD due to the continuous hawkish tone of the Federal Reserve and the USD being acting as a safe haven during the Russian - Ukraine tensions. We are constantly seeing more and more headlines from the FED indicating further rate hikes to combat the high pacing inflation. Bearish Scenario A: Retracement to 1.04850 +...

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Full Fundamental Breakdown of EURUSD Throughout March 2022.

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Full Fundamental Breakdown And Main Headlines Of GBPJPY Throughout March 2022

UncleBullFX Updated 

US100 NASDAQ 1H CURRENCYCOM: NASDAQ 100 has been heading in a strong bullish trend creating all-time highs month after month. With Biden signing into law the 1 trillion dollar infrastructure bill on Monday, we can expect US100 to create new all-time highs. Last week US100 price pulled back to the 61.80% Fibonacci retracement around 15900. This created a 3%...

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GBPAUD 1H OANDA: By looking at the GBPAUD 1H chart, we can notice that the price is currently ranging between 1.83700 and 1.82800. Looking closer, we can divide the consolidation range into two by illustrating the S/R area at 1.83250. Early buys can be taken on a breakout, or early sells can be taken on rejection. However, this would be a riskier trade; I suggest...

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BXY (British Pound Currency Index) 1W & 1D: The British Pound Currency Index has been trending to the upside since the beginning of the year. The trend is strong, moving in a classic Higher-High and Higher-Low structure. The BXY is respecting an ascending trendline from the weekly perspective, and we are currently seeing a minor pullback towards it. We expect...

UncleBullFX

Backtesting GBPAUD from 29th of December - 15th of January. Startegy: Break of S/R Area Time: Pre-London / London Market Session RR: 1:1 Timeframe: M15 SL Strategy: SL placement below 50% - 61.8% Fib Results: Trades Taken: 13 Target Hit: 8 SL Hit: 5 Risk: 2% Total ROI: 6%

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#GBPCAD 4H OANDA: The pair GBPCAD is moving in an overall bearish trend, but on the 11th of September it has reached a strong support level and since then it has been reversing to the upside. Although we’ve been moving bullish for the past month or so on this pair, we are still in a higher time frame bearish trend. The formation of the minor bullish trend that...

UncleBullFX Updated 

On the 3rd of August we sent the following chart to our members: We don't want to brag, but DAMN, this is too good to be true! We never thought we can predict how the price will move EXACTLY in the future, but It seems like we just did😱 Look at the prediction (light blue) line we drew on the chart on August 3 ... The price and candles are following our...

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USDCAD 1M & 1D: We can clearly see a clear double top rejection formation on the monthy time-frame. Expecting market to continue heading downwards, targets are set on key horizontal levels. Switching to the lower time-frame, on the 1D, we will wait for a clean candle break of support level @ 1.38778. Afterwards we will activate sell limits to sell the pullback...

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#GBPUSD 2H The Cable (nickname for GBPUSD), is witnessing a sharp bearish activity since last week due to the unexpected GDP change (-20%). Therefore, we are expecting it to continue this bearish trend for the next week. However, we have the "U.K. Interest Rate Decision" coming up on Thursday this week, so we need to account also for the possibility of a...

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#AUDUSD 2H This pair has been moving with a strong upside momentum since the 25th May. We have witnessed a sharp pullback to the supporting trendline last week, and the pair has bounced aggressively from the trendline. Furthermore, the pair is currently at a critical decision area, with multiple support and resistance in both directions. The price is getting...

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#XAUUSD (#GOLD) 2H: As we said last week, Gold has been dropping hard (we called it!) since the beginning of June, and we are still expecting more downside on it. Technically speaking, many support areas have been broken during last week's downside movement. And a bearish trendline has formed, which is supporting the current downside momentum. For this week, we...

UncleBullFX Updated 

#NZDUSD | Swing: This pair has been flying (200+ pips) in the past week, and we are expecting this bullish trend to continue this week. Therefore, our bias for the NZDUSD is bullish for the next 2-3 weeks (unless a major event takes place and changes our view, we will let you know if this happens) Moreover, we have two scenarios to play for this pair, as we are...

UncleBullFX Updated 

#GBPUSD 4H | #Swing trade The Cable (nickname for GBPUSD) has been in a bearish since March. And we think it might be time for this pair to reverse. So we are bullish on this pair for the next few weeks. Technically, The Cable has already broken the bearish trendline that has formed in late April, which indicates that a change in trend is about to happen (in the...

UncleBullFX Updated 

GBPJPY 4H: The market is heading in a bearish trend forming a higher-low to lower-low formation. Last week the market closed at 4H horiantal key level @ 130.8. Bearish Scenario: If 4H candle closes below 130.8, then we will take shorts half risk and will activate a sell limit in case of pullback @ 130.8 turning previous support level to resistance. Bullish...