GBPNZD SHORT IDEA The dovish BOE
Sell on occasional retest with good confirmation
Note:
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H4
NZDJPY Bearish Forecast
Important things to watch, key levels, trendlines, horizontal supports and double top
Next targets after break of the neckline of double top 86.00 and 85.600
Note:
All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit.
I post and share for educational purposes hence no idea we publish should be considered an investment advice.
I mostly share ideas with more than normal conviction, meaning I mostly share ideas with High conviction.
You can check all my work, you can understand my style of analyzing market, please if you like my work do help me earn reputation and like, comment on my ideas, we can discuss more here.
USDJPY is still in the long-term downtrend channel.USDJPY is still in the long-term downtrend channel.
As the US Dollar Index weakens, non-US currencies will continue to appreciate, and the Japanese Yen is no exception.
On the picture, the H4 of USDJPY is in a long-term downward channel. Even if the Bank of Japan continues to block the rise, it can hardly stop the weakness of the US dollar. The yen will continue to appreciate along with currencies such as the Euro, Pound, and Australian Dollar.
USDJPY USD/JPY operation is recommended to go short on rallies, or if activists break below the resistance can be sell stop.
Jan.22.2021
Reliability: 3-10 Market Days
AUDUSD is still in the long-term uptrend channel.AUDUSD is still in the long-term uptrend channel.
The Australian Dollar (AUDUSD) fell from the high of 0.7820 on January 6 to the low of 0.7659 on January 18. It rebounded in the past two trading days and returned to above the 0.7700 integer.
From the long-term trend and the FED Chairman Powell's dovish attitude, as well as the 1.9 trillion dollar stimulus plan of the new President Joe Biden, the long-term trend of the US Dollar Index is still downward, so the long-term trend of the AUDUSD is upward.
By technical analysis, the AUDUSD is still in the long-term uptrend channel, so it is recommended to Buy operations.
As shown in the figure: it can be buy now (entry market price around 0.7740), or price falling to above 0.7650 support.
Jan.20.2021
Reliability: 3-10 Market Days.
The U.S. Dollar Index rise in the short-termThe U.S. Dollar Index ( DXY ) rise in the short-term, but will downtrend in the long term.
Jan.06 2021, U.S.Capitol riots
U.S.Dollar index rebounded, because capitol riots that be global markets money entry U.S.Dollar.
U.S.Dollar index rebounded until Jan.20 presidential inauguration, and U.S.Dollar index will downtrend.
Reliability: 3-10 Markets Days.
GBPUSD is still in the Uptrend.GBPUSD is still in the Uptrend.
With the rebound of the US dollar index and the recent decline of non-US currencies, the British pound remains strong relative to other currencies, maintaining an upward trend. Currently, it faces the 1.37 integer mark and waits for a breakthrough.
In Jan.19 idea on the EURUSD: US Dollar Index is estimated to have a chance to fall again after the inauguration of the new President Biden on January 20. At this time, the EURUSD will be rise.
Therefore, the same reason: It is estimated that after January 20, when the Dollar Index turns down, the upward trend of the Pound will be more effective. There is a chance to break above the 1.37 integer resistance. The current upper target is 1.3800-1.3860.
Jan.19. 2021
Reliability: 3-10 Markets Days
EURUSD will Go Long in Mid-Term.EURUSD will Go Long in Mid-Term.
EURUSD in downtrend begin Jan.06, because U.S.capitol riots let be global markets money entry U.S.Dollar (Index).
EURUSD will Go Long in Mid-Term after Jan.20 U.S. presidential inauguration, and U.S.Dollar index will downtrend.
Jan.19. 2021
Reliability: 3-10 Markets Days
NZDUSD is still in the ascending channel.The New Zealand dollar is the strongest currency in the past three months. It fell back after reaching 0.7104 at the highest level last week. It closed at 0.7035 on Friday, still above the 0.7 integer.
By technical analysis, NZDUSD is still in the ascending channel. It is recommended that when the price falls back to support, buy NZDUSD.
AUDUSD is still in the ascending channel.Recently, the global market has obvious risk sentiment. The rise in securities indexes and commodity prices, especially the rapid rise in copper prices, has led to the appreciation of commodity currencies. Therefore, fundamentals have helped the Australian dollar to appreciate.
By technical analysis, AUDUSD is still in the ascending channel. It is recommended that when the price falls back to support, buy AUDUSD.
USDCAD in the downtrend.USDCAD in the downtrend.
The recent increase in oil prices has driven the Canadian dollar to appreciate.
With the continuous news about the development of the new coronavirus vaccine, the global market has obvious risk on, so oil prices have the opportunity to continue to rise.
So the Canadian dollar has the opportunity to continue to appreciate in the future.
By technical analysis, it is recommended to go short in batches when the USDCAD price bounces to the resistance.
USDJPY has a higher chance of upward.USDJPY has a higher chance of upward.
USDJPY is currently in a triangle shape. With the market risk sentiment preference, the stock index has generally risen, and the chance of the yen depreciation has increased.
It is recommended that USDJPY go long when the price fall back the support.
Analysis of USDCADHello traders, hope you are having a pipfull week.
So here is our analysis on USDCAD.
As we can see that the pair is moving in the channel and consolidating
fo a period of time now, so its good to wait for the pair to break from the
channel. Its currently at the support zone and will fall a bit till the support of the
current channel.
it will be interesting to see if it breaks the support or no.
So we advice for you to wait for the next update.
Thank you.