?You will benefit greatly from putting in effort toward (trading) professionalism.? ? Ken Long (brackets mine) Hello: This is an update on some of the movements on the markets and what I?m doing about them, plus my losses and profits. The analyses are based on daily charts, looking at the Big Picture, though my entries [...]
USDCHF Forecast The USDCHF regained its bullish momentum yesterday, topped at 0.9691 and closed at 0.9680. The bias is bullish in nearest term testing 0.9750. Immediate support at 0.9650. Break below that area could trigger further bearish pressure testing 0.9570/50 support area. As long as price moves inside the bullish channel we are still in [...]
USDCHF Forecast The USDCHF was corrected lower yesterday, bottomed at 0.9570 , closed at 0.9619 and traded around 0.9663 earlier today in Asian session at the time I wrote this comment. The bias is neutral in nearest term but as long as price move inside the bullish channel overall we are still in bullish phase. [...]
USDCHF Forecast The USDCHF violated the bearish channel to the upside yesterday, topped at 0.9756 and closed at 0.9715. This fact is a serious threat to the bearish scenario especially if price able to move consistently above 0.9730 targeting 0.9877. Immediate support at 0.9650. Break below that area could lead us to neutral zone as [...]
USDJPY Forecast The USDJPY didn?t make significant move yesterday. The bias is neutral in nearest term. The major scenario remains strongly bearish but need a clear break below the double bottom formation around 80.85 to continue the bearish pressure targeting 80.00. Immediate resistance at 81.70 and the trend line resistance. Clear break above that area [...]
USDCHF Forecast The USDCHF was volatile and indecisive on Friday but overall still maintain its bullish correction bias so far testing 0.9730 and the upper line of the bearish channel. Note that the major scenario remains strongly bearish and only a break above the bearish channel could be a threat to the bearish scenario. Immediate [...]
USDCHF Forecast The USDCHF attempted to push lower yesterday, bottomed at 0.9461 but closed significantly higher at 0.9554. The bias is neutral in nearest term but the main scenario remains bearish. We are now entering a consolidation phase where a consistent move above 0.9550 could trigger further bullish correction testing t0.9640 and the upper line [...]
GBPUSD Forecast The GBPUSD had a bullish momentum yesterday and made a significant breakout above the minor bearish channel earlier today in Asian session as you can see on my h4 chart below indicates potential bullish continuation testing 1.6000/16. Break above that area could trigger further bullish momentum testing 1.6085 ? 1.6100. Immediate support at [...]
USDJPY Forecast The USDJPY had a bearish momentum yesterday, bottomed at 81.66 and closed at 81.79. The bias is bearish in nearest term re-testing 81.36, but note that as long as price move above that level, the upside correction scenario indicated by hammer candle stick formation remains valid. On the downside, clear break below 81.36 [...]
Simultaneous Release at TheGeekKnows.com ? Learn Forex Trading and view EUR/USD Reviews. Good day forex trading koalas. I hope everyone is trading well and no one was caught by that forex gap last weekend. Do remember that forex gaps are real and it may happen anytime without warning. The forex gap brought us up to [...]
