Risk Management

Chart Art: Simple Range Plays on NZD/JPY and USD/CHF

I’m keeping it simple with these rangebound setups today! Will the inflection points hold for USD/CHF and NZD/JPY? Or are we about to see major breakouts soon? NZD/JPY: 4-hour NZD/JPY 4-hour Forex Chart Let’s start off with this neat rectangle pattern on the 4-hour chart of NZD/JPY. The pair has been moving sideways between support around 83.25 and is closing in on the resistance at…
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JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

Risk Management

Chart Art: Short-Term Trend and Reversal Trades on Bitcoin (BTC/USD) and NZD/USD

Where my short-term trader friends at? I know you like them 1-hour charts so today we’re looking at Bitcoin’s (BTC/USD) uptrend and NZD/USD’s reversal pattern. Check them out! BTC/USD: 1-hour BTC/USD 1-hour Forex Chart Just when we thought Bitcoin (BTC/USD) is ready to moon again, crypto bears dropped their 24K magic and dragged BTC below the 24,000 level. BTC/USD is now trading…
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JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

Risk Management

Chart Art: Trend Pullback Levels on GBP/CAD and USD/CAD

Finishing the trading week off with these neat correction setups on a couple of Loonie pairs! Is the trend still my friend on GBP/CAD and USD/CAD? Here are the levels to watch. GBP/CAD: 1-hour GBP/CAD 1-hour Forex Chart This pair has been cruising inside a falling channel for almost a whole month already! Another pullback to the resistance might be in the works, as price is currently bouncing…
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JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

Risk Management

Weekly Technical Outlook: Gold Pullback, Major Support Levels on USD/CHF and GBP/AUD

Looking for big swing setups this week? I’m seeing a couple of potential long plays on these forex pairs and a trend setup on gold! Will these major inflection points hold or are we about to see breakouts? Gold (XAU/USD): 4-hour Gold (XAU/USD) 4-hour Chart Where my gold bears at?! The precious metal has been trending lower since March this year, and it looks like another pullback to…
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JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

Risk Management

Chart Art: Classic Chart Patterns on GBP/CHF and CHF/JPY

I’m keeping it simple today with these classic chart patterns on these hourly charts of CHF pairs. Will we see breakouts on these pairs soon? Here are the levels I’m watching. GBP/CHF: 1-hour GBP/CHF 1-hour Forex Chart This pair has formed lower highs and found support around the 1.1540 mark, creating a descending triangle on its hourly time frame. Price is hanging out at the top of the…
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JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

Risk Management

Chart Art: Trend Continuation Trades On GBP/AUD And AUD/NZD

Welcome to mid-week trading, errbody! Feel like looking at comdolls today? I hope you are because AUD/NZD and GBP/AUD just hit possible pullback levels! AUD/NZD: 1-hour AUD/NZD 1-hour Forex Chart AUD bulls have been making pips rain since last week when AUD/NZD found support at 1.0975. The pair is now trading closer to 1.1120 after bouncing from the 50% Fibonacci level of this…
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JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

Risk Management

Chart Art: Chart Pattern Breakouts on WTI Crude Oil and EUR/GBP

Who’s ready to catch big market moves today? Here’s a quick look at major inflection points and chart patterns on crude oil and EUR/GBP. EUR/GBP: 4-hour EUR/GBP 4-hour Forex Chart Heads up, euro bears and pound bulls! EUR/GBP has just broken through the neckline of a short-term head and shoulders pattern on its 4-hour time frame. What’s next for this forex pair? A selloff…
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JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

Risk Management

Chart Art: Potential Breakouts for USD/CHF and GBP/CAD

Welcome to Friyay trading, forex friends! Whether you like trading the majors or you’re more into comdoll crosses, I got yo back with potential breakouts on USD/CHF and GBP/CAD. Check these setups out while they’re still valid! GBP/CAD: 4-hour GBP/CAD 4-hour Forex Chart GBP/CAD has been on a downtrend since mid-February when the pair got rejected at the 1.7400 psychological…
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JPY Price Analysis: Portrays head-and-shoulders bearish pattern on softer Australia data

ECB’s Makhlouf: Could raise rates above 3.5% and hold them there – WSJ

CFD News

US Dollar Index bounces off lows, approaches 96.00

The greenback, in phrases of the US Dollar Index (DXY), returns to the superb territory and appears to reclaim the ninety six neighbourhood at the starting of the week. US Dollar Index appears to data, yields, Powell The index partly reverses Friday’s average pullback and trades on an upbeat observe close to the ninety six mark amidst the continuation of the upside momentum in US yields…
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EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target

CFD News

ECB’s Lane: Inflation to fall below the central bank’s target of 2% in the coming years

“Inflation will fall this year,” the European Central Bank (ECB) Chief Economist Phillip Lane stated in an interview on Tuesday. Additional quotes “Will fall under ECB’s goal of 2% in 2023 and 2024.” “Does no longer see behavior that would propose inflation will continue to be above ECB’s goal in the medium term.” The annualized Eurozone Consumer Price Index (CPI) jumped by way of…
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EUR/USD Price Analysis: 2021 low of 1.1524 appears at risk, eyes on NFP

USD/INR Price Analysis: Bulls eye a 61.8% golden ratio target