Daily technical & fundamental analysis for multi-forex pairs

[luckyanand12]

How to trade UK Bank Rate Decision & Votes
Despite sharp fall in EUR, AUD & NZD versus USD in recent days; GBP/USD had stayed along with the rising trend line shown on daily/D1 time-frame. It manifests Pound's strength. Therefore, we were poised to take advantage of buying opportunity. Not only did the MPC maintain UK Bank Rate today but also did Bank Rate Vote stay unchanged. Just like last time, only 2 out of 9 members voted for rate cut unlike forecast of 3 votes for rate cut.

Besides the trading factors mentioned above, here is what we see on H4 time-frame. Screenshots clearly show our entry and exit points.

 

[luckyanand12]

EUR/USD analysis | Jan 30, 2020
FOMC was neutral yesterday but EUR had shown a bullish action after it. It seems like EUR/USD is more likely to correct its oversold condition. Here is what we see technically and how we bought:

 

[luckyanand12]

GBP/USD & GBP/JPY analysis | Feb 3, 2020
As per our range trading plan illustrated earlier in a video, we took sell position as price returned downward from upper Band of Bollinger. Although decision hasn't been made solely based on Bollinger Bands, other factors we re considered too which has been show in graph below:

Due to spreading fear of Cornonavirus, JPY (a safe haven currency) has been gaining recently and will keep gaining as long as its fear of the virus continue to spread.
While GBP/USD is losing along with strengthening JPY, selling GBP/JPY is even better idea.
GBP/JPY didn't even complete ABCD100 (AB=CD) retracement, nor did it touch Fib 61.8 of last fall; which shows more bearish behavior. Here is what else we see and how we entered:

Invalidation point is above D, if an H4 candle closes above D.

 

[Christina Ledger]

needed this thank you. feeling so overwhelemd with the charts at the momen.t his was concise and clear. thankyou!

 

[luckyanand12]

GBP/USD analysis | Feb 4, 2020
This buy trade of GBP/USD is also a trade of Range Trading Style just like last few trades of GBP/USD & GBP/JPY. This time, we are trading only GBP/USD not GBP/JPY in long side because JPY has corrected against its recent gain and may resume strengthening any time soon; so we will rather look for short/selling opportunity in GBP/JPY later.

Here is what we have seen and how we have entered long/buy in GBP/USD:

 

[luckyanand12]

EUR/USD analysis | Feb 4, 2020
We exited buy in profit which was placed as per previous analysis and entered sell again. The video explains rest everything:

 

[luckyanand12]

AUD/USD analysis | Feb 4, 2020
This video explains very short term buy trade in AUD/USD whereas overall trend is bearish and we have a plan to sell after upward retracement.

 

[luckyanand12]

How to trade UK Bank Rate Decision & Votes
Despite sharp fall in EUR, AUD & NZD versus USD in recent days; GBP/USD had stayed along with the rising trend line shown on daily/D1 time-frame. It manifests Pound's strength. Therefore, we were poised to take advantage of buying opportunity. Not only did the MPC maintain UK Bank Rate today but also did Bank Rate Vote stay unchanged. Just like last time, only 2 out of 9 members voted for rate cut unlike forecast of 3 votes for rate cut.
View attachment 50471


Besides the trading factors mentioned above, here is what we see on H4 time-frame. Screenshots clearly show our entry and exit points.
View attachment 50473

The trade had reached target.

 

[luckyanand12]

EUR/USD analysis | Jan 30, 2020
FOMC was neutral yesterday but EUR had shown a bullish action after it. It seems like EUR/USD is more likely to correct its oversold condition. Here is what we see technically and how we bought:

View attachment 50474

The trade had reached target.

 

[luckyanand12]

GBP/USD & GBP/JPY analysis | Feb 3, 2020
As per our range trading plan illustrated earlier in a video, we took sell position as price returned downward from upper Band of Bollinger. Although decision hasn't been made solely based on Bollinger Bands, other factors we re considered too which has been show in graph below:
View attachment 50540


Due to spreading fear of Cornonavirus, JPY (a safe haven currency) has been gaining recently and will keep gaining as long as its fear of the virus continue to spread.
While GBP/USD is losing along with strengthening JPY, selling GBP/JPY is even better idea.
GBP/JPY didn't even complete ABCD100 (AB=CD) retracement, nor did it touch Fib 61.8 of last fall; which shows more bearish behavior. Here is what else we see and how we entered:
View attachment 50542

Invalidation point is above D, if an H4 candle closes above D.

Both trades had reached target.