Yen VS US Dollar; Trade with caution Global financial markets are bracing for a possible Fed rate cut. Accordingly, forex markets have priced in the anticipated rate cut. September CPI data indicated US inflation is on course towards 2%; seems like the prevailing interest rates are working. Blackrock thinks the Fed will be cautious with […]
Q2, 2024 FOREX OUTLOOK In Q1, 2024 we saw a strong dollar fueled by inflation and increasing global oil prices. In Q2,2024, our forex outlook focuses on DXY, EURGBP and USDCAD as the dollar declines due to profit taking. DXY DXY broke above a key level of supply indicating a bullish momentum. Presently (22.04.2024) we
USDJPY OUTLOOK On the monthly chart, we have a larger bearish trend. Presently, the price seems to be seeking the unmitigated supply at 156 price handle. Once we have a mitigated supply, we will be looking for sell limit orders targeting the monthly fair value gap and flip zone at 116.5 price handle. On the
FOREX OUTLOOK 2024 Here are my thoughts on the forex outlook 2024. We have had multiple pairs showing signs of reversal and continuation. I will use supply and demand concepts to analyze where I think the market will head in 2024. GBPUSD On the monthly charts we have a long term bearish scenario. After a
2024 OIL OUTLOOK On the monthly charts, we have a consolidation around a strong demand level. On the weekly timeframe, we do not have a clear direction though the market seems to be pushing higher to mitigate inefficiencies at the 107-115 levels. Dropping down to the 4-hour chart, we have a bullish bias targeting 77-90
FOREX WATCHLIST WEEK 49, 2023 XAGUSD On the weekly timeframe, we have bearish trend with minor corrections. Presently, we are in the tail end of a bullish correction. On the 4 hour charts we have registered a change of character signaling a reversal of trend is in the horizon. EURUSD For the better part
FOREX WATCHLIST WEEK 47,2023 As the year draws to a close, we are witnessing major shifts in structure across multiple pairs. Low liquidity is a prevailing phenomenon in Q4, therefore, exercise caution. USDJPY Finally, there are signs of shift in market structure from bullish to bearish. On the 4 hour chart, we have an internal
FOREX WATCHLIST WEEK 45,2023 USDZAR In Q2 of 2023 we saw an impulsive bearish move. Presently we have completed a bullish correction that has shifted order flow from bullish to bearish. We have a break of key structure on the daily time frame. Presently we are awaiting a minor bullish correction targeting the FOB then
As we draw to the close of 2023, we will be experiencing lower liquidity as the weeks go by. GBPCHF Finally, we have a break of structure and break of weekly swing structure. There is a possibility of a bullish correction (red0 or bearish continuation (black). We will only trade once we have a clear
FOREX WATCHLIST WEEK 39,2023 As we draw close to the end of Q3, we have a mixed bag of bullish and bearish set ups. Below we have our forex watchlist week 39 ,2023. GBPJPY Earlier in the month, the set up was posted in my Telegram channel. Presently, we have a mitigation in the demand zone.
