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Where is #usdjpy heading?

$usdjpy is trending this week steadily , currently trading at 113.60¥ , I expect the pair to have clear path towards 114.60¥ during this week. Dollar is gaining strength across the board against euro and sterling . A break below 113¥ will make this trade invalid . Stay long and take minor profit at 114.60¥

Wti will stop bleeding today?

Wti crude oil has fallen as much as 53.59$ per barrel , thanks to saudia arabia. Trump thanked saudia arabia yesterday on twitter for the cheap oil prices and asked for more declines. However , i dont see any further decline coming anytime soon as long as we stat above 53.50$ Target should be around 56.80$ . your stop loss on hourly close below 53.50$ .

Pay for the NATO

Trump threatens EUROPE; Emmanuel Macron suggests building its own army to protect Europe against the U.S., China and Russia. But it was Germany in World Wars One & Two - How did that work out for France? They were starting to learn German in Paris before the U.S. came along. Pay for NATO or not!

Eur/Usd trading in wedge

The pair has support around 1.1690$ area and resistance at 1.1820$ area. Bound by a declining trend line on the 1 hour chart with three lower highs and horizontal support at 1.1740$ area. A break of 1.1740$ , we might see a flash fall to 1.1690$ before recovering back and breaking above the trend line.

Market update 8 june 2018

Usdjpy plunged after reaching 109.80¥ already mentioned in my earlier post today. You should have all made a 25 pips profit then. I think we still have a chance for usdjpy to get back above 110 mark.

AUD/USD sellers are in control

Aussie (AUD/USD) is not able to close above .7620$ despite its upside attempts. On Tuesday , the pair has initiated a reversal , a bearish one and will probably continue sliding during the coming sessions with busy economic schedule and releases coming on Thursday and Friday. Technically speaking , the pair is still capped by 0.77$ mark creating triple top , and still supported around 0.73$ , I am Favoring a decline to break the 0.73$ mark , maybe the united stated GDP figure release will be the catalyst for this move. Our First support will be 0.7485$ area followed by 0.7420$ area . It is advised going short at current level with stop loss executed on daily close above 0.7620$ area. On the hourly chart, The pair is showing weakness , and nearing oversold levels at 30 mark. Follow me on twitter @b4borio for updates on this trade and more trading ideas. Feel free to contact me anytime.

EURUSD Still bearish on weekly basis

That will be the trade for month of June , Possible good correction for #eurusd from multi month high not seen since before Trump winning presidency. On Weekly chart , You can see the pair reversing from bearish trend line. So , it is good to go short at current level around 1.12$ with Stop loss on weekly close above the trend line. The target of the correction will be around 1.0930-1.10$.... And there is a gap not filled yet between 1.0720-1.0820$ , So it might be targeting to fill this gap.

GBPUSD Reversal

Last week , the pair rallied after bottoming three times at 1.2830$ , reaching 1.3050$ However , looking at the big picture , 1.30$ handle is big game now for sterling and we have bearish trendline still intact. Shorting the pair at current level might bring you big reward , we might go down till 1.2680$ within the next few weeks.  

USDJPY Supported around 111.20

Usdjpy has finally found a very important support area which will recover from . The pair can find 200 daily moving average at 111.12¥ and it is very critical support area as shown below on the daily chart. The pair also can find support by trendline coming from 100¥ back in Novemeber before the surprising victory for MR....TRUMP Ok..that was it and I hope you get the idea and take your trading decisions wisely and enjoy profitable trading week.

Usdjpy targeting 116.30

Usdjpy has made double bottom at 112.60¥ and rallied 200 pips Today the pair was very suppprted on the 1h timeframw at 113.15¥ and now after hitting previous resistance at 114.85 , the pair pulles back to test support at 114.30¥ The pair will find somw resistance at 115 handle and have strong support at 114.10-30 area , below which 113.65¥ will be very good opportunity to go long again targeting 116.30¥ Wish you all profitable trading If you want to copy my trades and make consistent monthly income ;  Subscribe to my signal on mql5 : https://www.mql5.com/en/signals/221947

Forecast for #eurusd after US elections

This is what I think that #eurusd is going to make. I have predicted that the pair will fall 300 pips or more after the US elections and that happened . The pair was trading at 1.10$ before the election night and fall to 1.0565$ , that is 430 pips approx. The second part of my prediction which is based on historical analysis and I hope that it will be fulfilled as well ; is that the pair is going to rally almost 1500   pips in less than 3 month. SO basically I expect the pair rally to 1.22$ level and ultimately 1.28$ Ofcourse we might see the pair pulling back from 1.22$ area to 1.1450$ area and then resuming the rally to 1.28$ That is my forecast for the euro/dollar and that was based on historical analysis which might prove wrong because of some different factors. However from technical analysis , I think the pair has got some powerful support in that area and I dont think we will be falling behind this area of 1.0560$ If the pair broke below that area , we might actu...

Nzd/usd under pressure

Technically speaking nzd/usd is under pressure after falling 300 pips from the critical resistance at 0.7380$ area. The pair has fallen to 0.7070$ area which provided mediocre support helping create a rebound to resistance area around 0.7145$ . The pair was rejected retracing back to 0.7095$ before rallying again to 0.7130$ I expect that rally to fade now and fall again to 0.7078$ area again before resuming any decline.