Daily technical & fundamental analysis for multi-forex pairs

[luckyanand12]

Buy GBP/USD | Feb 18, 2020
GBP/USD has been trading in range since last week of Dec, 2019. There is no long term trend, so we have started using Range Trading Style.
Having seen recent improvement in employment, CPI and Retail Sales are expected to come out better than or inline with forecast. We have entered buy position and will look for an opportunity to move SL to BE before release of CPI.

Technical scenario: GBP/USD has been trading above MACD Predictor/Trend Predictor indicator for few days, which makes the bias bullish. ABCD100 (AB=CD) coincides with lower border of resistance zone, thus it's viable for GBP/USD to reach D if upcoming data don't disappoint.

Here is how we have entered. The screenshot displays entry and exit point.

 

[luckyanand12]

USD-index, EUR/USD, GBP/USD and AUD/USD analysis

The video is long. It explains many factors and their consensus for USD-index, EUR/USD, GBP/USD and AUD/USD.

 

[luckyanand12]

USD/JPY analysis | Feb 21, 2020

 

[luckyanand12]

NZD/JPY | Price action trading
NZD/USD shifted trend to bullish on H4 after gains of Friday. Today's price action stayed bullish in initial hours, so H4 is more likely to be closed as a bullish candles and hence MACD trend is more likely to remain bullish. NZD seems to be filling the gap.

Having scene the scenario of JPY as explained in USD/JPY analysis, we decided to trade NZD/JPY. The pair has recently been trading in range inside Bollinger band, so an upswing is likely to take place. We entered after price action of initial two hours of today. The screenshot displays exit and entry points.

 

[luckyanand12]

USD/JPY | Price action trading by Keon Consultancy | Feb 24, 2020
USD/JPY seemed to be slowly coming down which looked like a minor retracement until opening of US stock market today, thus it looked like USD/JPY may show significant retracement only after it reaches 112.40 areas as illustrated in USD/JPY analysis by Keon Consultancy | Feb 21, 2020
But, after opening of US stock market today, USD/JPY broke not only average but also max length range of H1 candle, so we entered sell as per Price Action Trading style. USD/JPY may come to immediate support (see screenshots) and may still continue to upside and touch 112.40.

Here is how we entered sell and what we see on H1 & D1/daily time-frames:

 

[luckyanand12]

NZD/JPY | Price action trading
NZD/USD shifted trend to bullish on H4 after gains of Friday. Today's price action stayed bullish in initial hours, so H4 is more likely to be closed as a bullish candles and hence MACD trend is more likely to remain bullish. NZD seems to be filling the gap.
View attachment 51090


Having scene the scenario of JPY as explained in USD/JPY analysis, we decided to trade NZD/JPY. The pair has recently been trading in range inside Bollinger band, so an upswing is likely to take place. We entered after price action of initial two hours of today. The screenshot displays exit and entry points.
View attachment 51091

Having seen the bearish engulfing on Friday on D1 time-frame of USD-index and downward continuation in USD-index along with US-stocks today right after stock market opened, we think that theory explained about USD-index in this analysis, is gonna work even in the end of Feb just like it did in end of last 4 consecutive months. Therefore, we exited buy of NZD/JPY and entered buy in NZD/USD aiming to break even.

Since our plan is to break even out of trades of NZD/JPY and NZD/USD, we couldn't risk more. Therefore, we moved SL to BE in NZD/USD.

The gap has been filled, so it may no longer a reason to attract NZD/USD up. Moving SL to BE is a good idea because NZD/USD is in strong downtrend on bigger time-frames like D1 and W1. Let's see if it hits immediate resistance/TP.

 

[luckyanand12]

USD/CHF analysis | Mar 12, 2020
MACD trend on 4H time-frame of USD/CHF already shifted to bullish. Market tried twice to continue fall after forming AB but could not succeed. Last fall attempt made an evening star (bearish candle pattern) which was later invalidated by morning start (bullish candle pattern). ABCD100 (AB=CD) makes a confluence resistance zone with FIB 50.0 of downswing.

Here is how we entered buy position. The screenshot displays entry and exit points.

 

[luckyanand12]

Buy Stop in EUR/USD | Apr 3, 2020
We have placed a buy stop right above high of last minor swing down. We see RSI giving signal of a possible upward movement as it made kind of bullish divergence.

We view natural support and resistance on D1/daily time-frame. The screenshot below also shows exit and entry points.

 

[luckyanand12]

GBP/USD analysis
To understand well, watch previous video of GBP (go to our site for this as it was not posted here) before watching this. We all are working from our homes and our services are not impacted by lockdown.

 

[luckyanand12]

Sell AUD/CHF | AUD/USD analysis
You must watch previous analysis that was done only for USD/CHF (available on my site, not here) to understand this analysis.