LewkP_FX

LewkP_FX

Engaging in a comprehensive exploration of the technical intricacies within the US30 market, the monthly chart provides an intriguing narrative. The current trajectory reveals a distinct bullish inclination as the price converges upon the buy side liquidity established in August 2023, specifically at the notable level of 35713.99. A closer inspection unveils...

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The USDJPY pair is presently exhibiting signs of a temporary halt in its bullish momentum, manifesting as a triple top pattern on the monthly chart, with critical peaks identified in October 2022, October 2023, and November 2023. The commencement of a bearish push in November 2023 coincides with a noteworthy divergence in the Relative Strength Index (RSI) between...

LewkP_FX

The EUR/USD currency pair is currently exhibiting an upward trajectory, marked by its recent breach of a significant swing high established on August 30, 2023. Despite this breakthrough, the subsequent inability to sustain a rally above this level resulted in a retracement back to the 10-day Exponential Moving Average (EMA). Observing the price action, a potential...

LewkP_FX

The US Dollar Index (DXY) experienced a pronounced bearish momentum last week, underscored by the RSI trending down and touching the 30 line, indicative of potential oversold conditions. Concurrently, the MACD maintained a bearish market flow. Adding to the bearish sentiment, the 20-day exponential moving average (EMA) crossed below the 50-day EMA, both exhibiting...

LewkP_FX

Monthly Chart: On the monthly chart, NZD/USD has been in a persistent bearish trend. The current monthly candle, one week old, is displaying bullish momentum, approaching the high from October, which coincides with the high from September. Daily Chart: These two highs (October and September) represent key levels with substantial buying liquidity. For a...

LewkP_FX

DXY is currently shifting towards a bearish market trend. On the weekly chart, we don't have a clear swing point to reference. Therefore, I'm observing the RSI (Relative Strength Index) sloping down after rebounding from 70. The current reading is at 53.14, and the MACD (Moving Average Convergence Divergence) is still above the midline. It's possible that last...

LewkP_FX

Last week, the EUR/USD experienced a predominantly bullish market flow. At the beginning of the week, there was an initial push upwards towards the 50-day Exponential Moving Average (EMA) on Tuesday. However, this move was quickly rejected, and the price returned below the weekly open, establishing a weekly low on Wednesday, which also broke below the low of the...

LewkP_FX

Monthly Chart Analysis: The DXY has been experiencing strong bullish momentum. The monthly chart touched the bottom of an upward channel and dipped into the FVG created in April 2022. In August, the DXY made a new monthly high and stopped at the top of the consolidation zone that began in December 2022. September continued the rally out of the consolidation zone,...

LewkP_FX

The 1-month chart shows a bearish trend in the EUR/USD pair. In July, the price approached the top of a major downtrend channel but quickly reversed in August. In September, the price broke through two significant swing lows from May and March, and made a CHOCH bear flow. In October, the price made a new low below the March low, rallied but failed to break the...

LewkP_FX

Technical Analysis: On the weekly chart, DXY experienced a bearish Failure to Continue (FTC) pattern after pushing up into bearish FVG (Fair Value Gap). This suggests potential weakness in the dollar's bullish trend. The Relative Strength Index (RSI) on the weekly chart is indicating overbought conditions, which can be a sign of a possible reversal or...

LewkP_FX

This report provides an analysis of the EUR/USD currency pair, incorporating both technical and fundamental factors. The analysis suggests a potential bullish scenario for the Euro (EUR) against the US Dollar (USD) based on the following observations: RSI Trending Down on the Dollar: The Relative Strength Index (RSI) for the USD is showing a declining trend,...

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Welcome to the underwater world of currency trading, where traders are like little fish swimming with the big whales. The USD/JPY pair has been on a wild ride recently, with the Japanese Yen (JPY) getting a boost from the rumored appointment of Kazuo Ueda as the next Bank of Japan (BoJ) governor. But like a fish out of water, the JPY quickly lost its momentum when...

LewkP_FX

USD/JPY pair, there have been reports that the Japanese government is considering appointing Kazuo Ueda as the next Governor of the Bank of Japan (BoJ), which initially caused a bout of volatility in the market. However, after Ueda stated that the current policy is appropriate and the need to continue with an easy policy, the impact faded and the pair rebounded...

LewkP_FX

This report provides an outlook on the EUR/USD currency pair, which is a popular asset among traders and investors. The market is currently preparing for the Federal Reserve's rate decision and anticipating its impact on monetary policy for the US and major central banks. Bullish on all Time Frames: Despite market skepticism towards the central banks' intention...

LewkP_FX

This report provides an outlook on the EUR/USD currency pair, which is a popular asset among traders and investors. The market is currently preparing for the Federal Reserve's rate decision and anticipating its impact on monetary policy for the US and major central banks. Bullish on all Time Frames: Despite market skepticism towards the central banks' intention...

LewkP_FX

The USD/JPY currency pair is currently below the 20, 50, and 200-day exponential moving averages (EMAs) and the relative strength index (RSI) is consolidating around the midline. On the 15-minute chart, the pair is making a short squeeze pattern and the RSI is trending down. The market is closely observing the upcoming Federal Open Market Committee (FOMC) rate...

LewkP_FX

The USDJPY currency pair on a 15-minute chart is in an uptrend, as the price is moving higher over a period of time. However, the RSI, which is a technical indicator used to measure the strength of a trend, is trending downwards, which suggests a potential reversal in the market direction. This could indicate that the current uptrend in price may be losing...

LewkP_FX

The USD/JPY currency pair is currently in a bearish market flow, with the Japanese yen rising due to higher-than-expected inflation readings in Tokyo. The rise in inflation is likely to lead to more hawkish measures from the Bank of Japan, which would be positive for the yen. Other Asian currencies are remaining relatively stable as they await the release of the...