USD/CAD struggles to capitalize on a two-day-old recovery trend from a three-week through. The Fed rate-cut uncertainty caps the upside for the USD and acts as a headwind for the pair A downtick in Crude Oil prices undermines the Loonie and lends some support to the major. The USD/CAD pair seesaws between tepid gains/minor losses during the Asian session on...
This trade i had two lots on this its a ict concept trade The Euro is struggling to extend yesterday's gains in a cautious mood ahead of this weekend's elections in France. The latest French polls show that the far-right National Rally party has widened its lead ahead of the first round of voting on Sunday. Meanwhile, President Macron’s party is in third place....
We have a great chart here where price could possible go EU activity indicators proved favorable for the Euro “What had come to the help of the common currency in some instances recently was decent activity indicators, and PMIs are released today. It will be interesting to see whether political uncertainty in France has already taken a toll on French business...
GBP/USD remains under some selling pressure on Friday, though lacks follow-through. The uncertainty over the Fed’s rate-cut path should cap the USD and offer support. The mixed technical setup further warrants caution before placing directional bets. The GBP/USD pair trades with a negative bias for the second straight day on Friday, albeit manages to hold its...
The EUR/USD pair trades on a flat note around 1.0735 on Friday during the early Asian trading hours. The upside of the pair might be limited amid the uncertainty surrounding European parliamentary elections. Investors will take more cues from the ECB’s Christine Lagarde speech and the preliminary US Michigan Consumer Sentiment report for June. The European...
The Canadian Dollar (CAD) is a relative outperformer in Friday's session, says Shaun Osborne, Chief FX Strategist at Scotiabank USD/CAD short-term trend momentum is weak “Despite broader US Dollar (USD) strength and weak stocks, the CAD is a relative out-performer on the session. Volatility in Europe is helping support the CAD at the margin, with EUR/CAD easing...
Nice H1 close doji rejection and the DXY is a sell The UK economy failed to grow in the entire month of April as manufacturing, industrial production and especially construction registered contractions. April’s data compared to April of 2023 witnessed a 0.6% increase, marginally lower than last month’s 0.7% increase.(GBP/USD) has managed to halt the recent decline...
The US dollar index continues its recent move higher, aided by a weaker Euro and Japanese Yen. The Euro is still feeling the effects of last weekend’s European Parliamentary Elections and expectations of further rate cuts this year, while the Japanese Yen moved lower after the Bank of Japan said that it would pare back its bond-buying program but the market would...
We have a great set up on this trade great zones.The surge in non-farm payrolls triggered a dollar jump across the board while risk appetite deteriorated. US non-farm payrolls increased 272,000 for May, much higher than consensus forecasts of around 180,000, although there was a small downward revision for April to 165,000 from 175,000 reported previously. The...
We have a great trend that id forming lets wait and see where the chart takes us. Next week looks great for trades.
We have a great trend that id forming lets wait and see where the chart takes us. Next week looks great for trades.
I had this trade on SL zero and it dropped but riskyWe have recently broken above a couple of minor resistance barriers, so I do think that we have a certain amount of upward momentum that eventually has to be dealt with. In the short term, it looks like we consolidate a bit in order to work off some of the froth, and that's not a huge surprise considering both of...
This is a pair i dont trade but but 61.8 fib and a great order block looks interesting It sounds like you're analyzing a currency pair that you typically don't trade, but you’ve identified a 61.8 Fibonacci retracement level along with a significant order block that you find interesting. Let's break down how you might approach this setup: Fibonacci...
We have a great price rejected order block on Higher time frame. OB rejected and retested. Imbalance at 10am NY ICT concept. BOs broken below and above retested on FVG then i did enter.
We have a great zone The UK manufacturing sector experienced a resurgence in May, with output expanding at the fastest rate in over two years, driven by an influx of new orders. This positive development also bolstered manufacturers' optimism, as their confidence levels soared to the highest point since early 2022, with 63% of companies anticipating an increase in...
We have a great set up. Looking at the FVG EUR/USD rises further to 1.0880 as the US Dollar extends its downside. The US Dollar weakens even though investors see the Fed returning to policy normalization in the last quarter of the year. ECB policymakers refuse to commit to more rate cuts after June. EUR/USD posts a fresh weekly high at 1.0880 in Tuesday’s European...
We have a great set up here where price could go.GBP/USD closed in negative territory on Thursday and snapped a four-day winning streak. After touching its lowest level in a week below 1.2680 in the early European session on Friday, the pair recovered to the 1.2700 area.
WW have a great set up where price could possible go AUDCAD price ended the recent bullish rally by facing the major resistance at 0.9125, to form solid obstacle against recording any new positive target and notice the beginning of activating the correctional bearish track and settling near 0.9060. Now, stochastic decline towards 50 level will increase the...