Marc_Thiart

Marc_Thiart

Seeing a textbook bearish divergence on USDJPY – price making higher highs while volume fades. Breakdown from the rising wedge confirms weakness, and I’m eyeing a short entry around 149.18–149.74 (Fib 50%-78.6%). Stoch RSI overbought across multiple timeframes, EMA resistance holding… Looks like a clean setup for a drop toward 146.91. Let’s see if the rejection plays out.

Marc_Thiart

GBP/USD is currently consolidating within an ascending triangle formation on the 1-hour timeframe, suggesting a potential bullish breakout. Price has been respecting the horizontal resistance around 1.2641 while forming higher lows, indicating strong buying pressure building up. A breakout above 1.2648 could open the path toward the next key resistance at...

Marc_Thiart

The relationship between the U.S. Dollar Index (DXY) and GBP/USD exemplifies a classic case of negative correlation in the forex market. As the DXY tracks the strength of the U.S. dollar against a basket of major currencies, a rise in the DXY typically results in a decline in GBP/USD, and vice versa. This inverse relationship reflects the direct impact of dollar...

Marc_Thiart Updated 

This is three sell limits I just set. The idea is to benefit from a 15 pip reaction to the fulfillment of previously unfilled orders.

Marc_Thiart

My bias is bearish - the EUR is still in for a rough ride I believe. Your thoughts?

Marc_Thiart

AUDCHF is still in the grips of a general bearish trend. It has reached a major support level. Awaiting breakout or support and will then trade the retest.