Politics and Hard Brexit talks will be the biggest influence on the GBP/JPY in the short term . Emman Xuereb, TraderTik Ltd. Related Posts:EUR/USD: “Echoes of Nonfarm Payrolls” and Increased Risk… November 6, 2023 The EUR/USD pair started the trading week fairly calmly. During…Change in market sentiment raises risk appetite and… November 6, 2023 Global […]
Brexit and European elections will likely be the key drivers for the EUR/CHF. Charalambos Pissouros, IronFX Global.
The direction of the GBP/NZD depends on China for the NZD and Brexit negotiations once Article 50 is activated for the GBP. Sakis Paraskevov, IronFX Global. Related Posts:Can Tesla’s earnings overshadow valuation risks? – Stock… October 11, 2023 Tesla expected to report sharp decline in earnings for Q3…
When Does a Forecast Become a Trade? Learn why it’s important to wait for confirming price action before pulling the trigger By Elliott Wave International Jeffrey Kennedy, the editor of our popular Trader’s Classroom educational service, weighs in on how you know when it’s time to enter a trade. [Editor’s Note: A text version of […]
In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the July 15th session. WTI Crude Oil — I have clearly laid out a negative channel and with that, I think we do continue to drop from here. I think rallies could offer selling opportunities on signs of exhaustion. I also think that the $47 level is going to become a more important level and an exhaustion near there should […]
In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the July 15th session. USD/JPY — As you can see that we did break above the 105.00 level, that was a pretty crucial area. It was previously resistance and now we have broken above there. A break above the top of the range on Thursday, it is time to start going long. Pullbacks at this point in time will […]
In this video, the Trader Guy looks at the currency pairs, EUR/USD and GBP/USD for the July 15th session. EUR/USD — We tried to rally initially during the day, but turned right back around to form a shooting star candlestick on Thursday, I think we continue to consolidate basically between the 1.12 and 1.10 levels with a negative bias. So, I like selling short-term selling rallies. I think that eventually all of the chaos in Europe — […]
In this video, the Trader Guy looks at the currency pairs, USD/JPY and NZD/USD for the July 14th session. USD/JPY — This is a market that initially fell down to the 104.00 level initially and then bounced around to form a nice looking hammer. A break above the hammer and the 106.00 level, I think it changes the trend completely and we continue to go higher. Obviously this is in reaction to the Bank of Japan possibly threatening things with […]
In this video, the Trader Guy looks at the currency pairs, EUR/USD and GBP/USD for the July 14th session. EUR/USD — As you can see, the euro initially rallied during the course of the trading session on Wednesday. With that being the case, it looks there is a lot of noise above that could really kind of push this pair down. With this, I think that the 1.12 and 1.10 levels form the band in which we […]
In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the July 13th session. WTI Crude Oil — We did rally and broke above the $46 level, which I have marked as the bottom of the descending triangle pattern. I still though, honestly could make an argument for a bit of a descending channel. So, I see still have technical reasons to think that the breakdown below the uptrend line is still intact. […]
In this video, the Trader Guy looks at the currency pairs, USD/JPY and NZD/USD for the July 13th session. USD/JPY — We rallied pretty drastically during the day. So, really at this point in time, we are testing the 105.00 level. Having said that, this is an area that I suggested previously would be resistive and I think it goes to the 106.00 level. With that being the case, this is an area that […]
In this video, the Trader Guy looks at the currency pairs, EUR/USD and GBP/USD for the July 13th session. EUR/USD — We initially tried to rally during the course of the day. We turned right back around to form a shooting star and the 1.12 level above is essentially the ceiling. It is not until we get above the previous uptrend line, we could go much higher. At this point, I think the 1.10 level […]
In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the July 12th session. WTI Crude Oil — We did bounce during the trading session on Monday, but then turned right back around to fall significantly. The $46 level has offered quite a bit of support in the past and acted as resistance. So, with this, I think we are going down to the next support level, which is […]
In this video, the Trader Guy looks at the currency pairs, USD/JPY and NZD/USD for the July 12th session. USD/JPY — It looks like the USD/JPY took off to the upside on Monday, I believe that this has something to do with the fact that the Japanese did not have any opportunity to react to the better than anticipated Non Farm Payroll number until now. So, with this, it looks like we are […]
In this video, the Trader Guy looks at the currency pairs, EUR/USD and GBP/USD for the July 12th session. EUR/USD — We did fall initially, but we bounced enough to form a hammer. Now, having said that, I think we are still very much consolidated with 1.12 as the ceiling and 1.10 as the floor. I think any rally that shows signs of exhaustion, I am willing to sell, because the EU has obviously lots […]
In this video, the Trader Guy looks at the currency pairs, USD/JPY and NZD/USD for the July 11th session. USD/JPY — It looks to me that we are going to continue to see volatility, but the only thing that I am paying most attention to, is the 100.00 level. The fact that it is a bit of line in the sand as far the Bank of Japan is concerned. I think traders will be concerned about holding […]
In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the July 11th session. WTI Crude Oil — We did break down a little bit after trying to rally during the trading session on Friday. We retested the bottom of the descending triangle pattern that I have been following and now ended up forming a shooting star. It tells us that we are more likely to find […]
In this video, the Trader Guy looks at the currency pairs, EUR/USD and GBP/USD for the July 11th session. EUR/USD — We went back and forth during the day in a rather volatile session. That is pretty common when it comes to Non Farm Payroll Friday. The jobs number was stronger than anticipated and therefore I think we are going to favor the US dollar. Also, there exists so much concern in the European […]
In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the July 8th session. WTI Crude Oil — You can see that the WTI market has broken down and Oil has dropped below the $46 level. Also, we have broken to the downside of a descending triangle pattern and target for this move is $42. I think the jobs number is going to have an effect on this market. So, […]
In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the July 8th session. USD/JPY &mdashp; We did in fact fall during the course of the day on Thursday, but we are still well within the hammer that was formed on Thursday and probably even more importantly, still above the 100.00 level. Now this is an area that the Bank of Japan will probably defend given enough time. So, […]
In this video, the Trader Guy looks at the currency pairs, EUR/USD and GBP/USD for the July 8th session. EUR/USD — Today is the Non Farm Payroll Friday and you can see that we have drifted a little bit lower during the day on Thursday. But really I think we are just kind of meandering in this area waiting for the announcement. I am not willing to buy this pair until we get a close […]
In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the July 7th session. WTI Crude Oil — Oil fell initially during the day, but found support down here at the $46 level, which for me is the bottom of a bullish pressure. One thing that I cannot help but notice that we continue to see lower highs. So, really, I think it is only a matter […]
In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the July 7th session. USD/JPY — We fell initially, but found enough support near the 100.00 level to turn things around and bounce to form a nice looking hammer. A break above the top of this hammer, I think sends this market looking for 103.50, possibly above there to 105.00 level. Having said that, I also recognize that the market […]
In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the July 1st session. WTI Crude Oil — We fell a bit from the $50 level on Thursday session. It is an area that continues to be quite interesting. It looks like we are starting to see lower lows. I think now, we are almost forming a descending triangle pattern. If we can break […]
In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the July 1st session. USD/JPY — We initially fell during the session on Thursday, but turned around to form a hammer like candle for the second day in a row. I think there is a lot of noise just above 105.00 though. With 104.00 being the beginning, we have resistance upto 105.00, a region of resistance. So, I am waiting to see if […]
In this video, the Trader Guy looks at the currency pairs, EUR/USD and GBP/USD for the July 1st session. EUR/USD — We fell a bit and then bounced to form a hammer. I still think this previous uptrend line is going to act as resistance. Also, we have resistance at 1.11. So we have to wait and see, if we can break this uptrend line to the upside and aim for 1.1350. On the other hand, if we […]
In this video, the Trader Guy looks at commodities Crude Oil and Natural Gas for the June 30th session. WTI Crude Oil — Oil did try to break out during the day above the $50 level. It did not succeed in doing so though. And as a result, it is likely that we will continue to see a little bit of a back and forth type of action here as we try to build up enough […]
In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the June 30th session. USD/JPY — We initially fell, but then turned right back around to form a hammer. That being the case, it looks like as if we are going to try to grind our way higher and this market looks like it has got some buying pressure. But there is a lot of selling […]
In this video, the Trader Guy looks at the currency pairs, EUR/USD and GBP/USD for the June 30th session. EUR/USD — We initially fell and then turned right back around to rally during the tradion session on Wednesday. It looks like we are testing this prevoius uptrend line. At this point in time, there is also a considerable amount of interest at the 1.11 level as it has been previously supportive. So, on an exhaustive […]
In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the June 29th session. USD/JPY — We did bounce a bit during the session on Tuesday as we got a bit of a relief rally around the world. However, I think this pair is going to be difficult to trade, mainly because we have concerns about the Bank of Japan intervening. They are going to lose their sense of humor if we […]
