ForeignCapital_fx

ForeignCapital_fx

The market has been in limbo for the past few days, going nowhere very fast. I am of the opinion that the market is awaiting NFP and outcome as it may inform the Feds stance on interest rates. Overall view is that the dollar is the more powerful influence on direction of the pair in the medium term. Technically the pair has been in a consolidation phase meaning...

ForeignCapital_fx

Fellow traders this is a technical trade for me. Price is below moving averages, however we in an consolidation zone on the 15min chart coming from a down-trend. It is expected to see a continuation towards 0.89000. Summary Entry = 0.89556 Target = 0.89000 Risk: Reward Ratio = 2.19 Follow and Boost my ideas Plan the trade, Trade the plan.

ForeignCapital_fx

Technical Trade Summary Entry = 79.406 Target 1= 82.283 Target 2 = 85.000 Risk : Reward= 2.33 Follow and Boost and my ideas!!! Let's grow together.

ForeignCapital_fx

We have been hitting new all time highs (ATH) in recent weeks. We are still in price discovery territory and so far the upside is looking great. The recent meme crazy has only started, Pepe has been leading the pack with enormous gains YTD. Technically price are holding up across 1Hr, 4Hr and daily chart frame. Moreover there's an inverted head and shoulder...

ForeignCapital_fx

A technical sell looking at indictors on a short time frame however I also think price will retest 1.27185 mark before heading down. On the back of this week the dollar has shown strength, thus cooling off the loses across all dollar pairs. In hindsight we are likely to see more short momentum. Summary Entry = 1.27185 Target 1 = 1.26496 Target 2 = 1.26000 RR...

ForeignCapital_fx

Prices have been in a consolidation mode for the past week ending 17/05/2024. It seems seasonality is finally kicking as we saw prices bouncing at support twice, creating a double bottom pattern. On 4Hr time frame we are about to create a golden cross and on 1Hr time price are above both moving averages. Given this conditions price may open lower or retest...

ForeignCapital_fx

With the recent core CPI data not changing and remaining at 3.4% investors are still concerned with inflation hence they are buying gold to safe guard their buying power. This situation is most concerning to central banks around the world and they are the biggest buyers. I am of the opinion that we are going back to price discovery territory. Technically the...

ForeignCapital_fx

Technical Trade Entry = 2345.03 or Current Market Price Target = 2360.49 Risk : Reward Ratio = 2 Boost and Follow!!! Plan the trade, Trade the plan.

ForeignCapital_fx

This is a technical trade from my view with the dollar influence strength commanding the direction of the pair. The pair is in an accumulation zone on the 15 minute timeframe but with an expected upside. Be cautious of the news release particularly for the dollar. Summary: Entry = 1.25400 or Current Market Price Target = 1.26406 Risk: Reward Ratio = 2.61 Boost...

ForeignCapital_fx

Remember the seasonality we spoke about the previous week, is it kicking in with WTI price up +1.05% on Monday 06/05/2024? Price hit the expected price on Friday giving a front running opportunity to long positions, do not despair a second entry position is in the cards if based on price action patterns. Check out my previous WTI Short idea to see how it relates...

ForeignCapital_fx

On Monday 29/04/2024 the Bank of Japan intervened against the Yen decline. At the writing of this idea price are calm since we are awaiting the NFP news release today. Technically price is below the dynamic resistance on the four chart, however the mean deviation is too great therefore price are likely to retest the dynamic resistance at 155.000 and start...

ForeignCapital_fx

Historically during the month of May, WTI performance net long. The recent COT report show that commercial traders are still net short but could change at any moment because balance between long and short positions. Once again with seasonality in hindsight as traders we should be wary of the that. Technically price is below both moving averages and is further...

ForeignCapital_fx

A technical sell position as price is below the exponential moving averages both on 4 and 1 hour time-frame. However we must keep ourselves abreast with the geo-political tensions in the Middle-East. With advance GDP release on 25/04/2024 may bring strength to the dollar. Summary Entry = Current Price (2317.90) Target = 2250.00 Plan the Trade, Trade the...

ForeignCapital_fx

The Nasdaq 100 earning season is upon us starting 21/04/2024 generally meaning it is profit taking for investors however the aggressive profit taking has happened with the Nasdaq declining by 2.05% before this upcoming week. Therefore further profit taking will resume. I am of the opinion the executive guidance on earning results may give support to the technical...

ForeignCapital_fx Updated 

This pair is presenting a technical SELL position since long position have been slowly exiting their positions because they have hit their week target at around 1.38200 and with the confluence on USOIL finding support in the short term could spear the pair lower to a price of 1.37212. However the pair could retest dynamic resistance moving average to confirm the...

ForeignCapital_fx

Technical short solely based on price action and and indicator alignment. Sell: At current price= 84.494 Target = 83.013 However I am of the opinion that there is another sell opportunity at 83.901 Summary- Sell 1st Entry =84.494 2nd Entry=83.901 Target= 83.013 Caution you may wait for price to break support at 84.360 and retest it. May you please boost,...

ForeignCapital_fx

Given a war possibility out-break that may affect US and Britain who are both NATO members on the back of geo-political instability in the middle east will affect the dollar more since it is the world reserve currency. However if things stay the same as they are the idea is to short GBPUSD since British consumer and business confidence is low in contrast to the...

ForeignCapital_fx Updated 

Since we are in price discovery territory, given that price is above both 21 and 55 EMA then trend is still bullish however leading indictors suggest price will not blast off directly to the upside. I foresee short term strength then I will only buy in the second leg when moving average catches up with price.