CADJPY I have been eyeing this pair for a while now. Top down analysis indicates we have a bearish imprint in the horizon. On the 6-month time frame, CADJPY is in consolidation. Dropping down to the 3-month timeframe, we are witnessing the completion of a bullish correction. Moving down to the monthly and daily time […]
PITFALLS TO AVOID IN FOREX TRADING I have been on the forex trading journey for a while now. I have learnt the hard way what to do, how to do it, and when to do it. I have also learnt what not to do. If you want to avoid the dangers that lurk in the
GBPCHF On the one-month timeframe, GBPCHF displays a strong bearish trend, creating new lows. The long-term outlook on the monthly timeframe is largely bearish, though the pair was in a bullish mitigation or correction. Dropping down to the weekly timeframe, we see a break in structure that created the new low at 1.0 price handle.
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GBPNZD On the 3-month timeframe, GBPNZD has mitigated the long-term demand zone (in blue). The long-term outlook on the monthly timeframe is largely bearish, though the pair was in a bullish mitigation or correction. After the bullish correction, the pair turned bearish, targeting the unmitigated demand at 1.80. Following the geopolitical risks in the United
USDJPY FORECAST On the monthly timeframe, which represents our long-term forecast, we see a mitigation of a previous supply at 150 price handles. This was achieved by the end of 2022. Thereafter in 2023, early in the year, profit-taking pushed the dollar to a previous unmitigated demand at 128 price handle. This confirmed a bearish
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