forexlens

forexlens

Fundamentals are gauging a bearish USD for Q3 which could all go out the window if a trade deal is met with China and sanctions are removed against Iran. Technicals pointing to near term weakness as DXY is on its way to 97.6xx region.

forexlens

Finally broke our daily descending channel, and like previously stated the fundamentals are implying continuous US Dollar weakness.

forexlens

Lackluster NFP, trade tensions (China + Mexico + EU/Iran) and technicals suggesting it is time to long.

forexlens

Major CAD fundamentals tomorrow, but for those that NEED a trade that's worth their while, this one fits the bill.

forexlens

We had a nice rejection off the the weekly CTL, and in the current time of market distress the safe haven CHF is looking promising.

forexlens

The next few hours can determine whether we have a long or short trade on our hands, both of which will have a great R:R ratio. The arrows indicate what we movements are needed for such a trade(s) to be taken and be taken with the highest certainty.

forexlens

All across the board I am seeing technicals pointing to a NZD reversal, despite what EURO-NZD fundamentals are pointing to (near term weakness).

forexlens

A substantial move can be well on it's way considering GOLD is on the rise and the the weaker dollar.

forexlens

Gold has broken out of a three month down trend and has pushed up to near term resistance. We are at the brink of either breaking this resistance or respecting it. Based on recent fundamentals (weaker USD overall) and the rise of the price of palladium, I say that we have good chance of moving higher. First we need to break and close above 1305.88, and either...

forexlens Updated 

If/when a deal is made between the United States of America and the Republic of China, we will see an offloading of Swiss Franc currency bonds and a reformed USD. In addition to bouncing off an ascending channel trend line, a long outlook despite the CURRENT fundamentals is optimal.

forexlens Updated 

Bounce of weekly support printing a bullish hammer + CTL break and retest. This setup is a swing setup like most of the setups for this week. Will look for some intraday plays, but sometimes you have to take what the markets give you.

forexlens

Waiting for further signs of bearish momentum before entering the sell, if this happens we can fill out USDCAD's 4-Hourly trading range.

forexlens

Coming into a nice support zone (Daily/4Hourly) and showing a lot of wicks indicating failed attempts to go lower. Awaiting further confirmation (ideally a break and close above 1.11445) to enter long. - RP Forex

forexlens

GBPCAD is just below price is the 1/8th Major Harmonic support level at 138.17 along with the final arc. Bullish divergence between the Composite Index and the RSI . The RSI is at a historical support level and the lowest level its been since the beginning of 2019. The past 7 times the RSI has dipped into this zone, GBPJPY has responded with an extremely violent...

forexlens

Both are pointing to slippage to lower prices. Trade war fiasco has everyone turning to the Yen, and NZD fundamentals indicating short term weakness.

forexlens

Nice bearish presence coming off 1.719xx region, satisfying a short trade to fill out the range to 1.66271.

forexlens

Posted the short last week, it stalled so I decided to get out especially with the trade fiasco going on. The markets have had enough time to indulge the news and things are looking a lot more structured. Great, great short opportunity. Asian markets are thriving off of Trump's recent comments.

forexlens

We could see a possible retrace to 8363, if we see strong rejection off this zone we could climb to 8914 and then eventually to 9810.