Daily technical & fundamental analysis for multi-forex pairs

luckyanand12

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NZD/USD sell trade for Managed Forex Accounts of Keon Consultancy |
NZD/USD analysis :

NZD/USD, after making a bearish divergence on H4 time-frame, was tending to retrace down. Having observed the candle patterns, we have figured out an ABCD retracement. Here is what all we see on H1 & H4 time-frames and how we entered :
NZDUSD H1 July 13 2020.png


NZDUSD H4 July 13 2020.png


Risk: If an H4 closes above C, we will exit the trade.
 

luckyanand12

Corporal
Messages
154
NZD/USD sell trade for Managed Forex Accounts of Keon Consultancy |
NZD/USD analysis :

NZD/USD, after making a bearish divergence on H4 time-frame, was tending to retrace down. Having observed the candle patterns, we have figured out an ABCD retracement. Here is what all we see on H1 & H4 time-frames and how we entered :
View attachment 55684

View attachment 55685

Risk: If an H4 closes above C, we will exit the trade.
It had hit TP.
 

luckyanand12

Corporal
Messages
154
Analysis of EUR/USD, USD/JPY and EUR/JPY to determine buy trade in EUR/JPY | Forex Fund Manager
EUR showed significant strength yesterday, here is what all we observed on major pair, EUR/USD:

  • Almost all major currencies, such as GBP, AUD, NZD, CAD and CHF, fell against USD yesterday but EUR rose
  • EUR/USD has already been trading above MACD predictor
  • It has been trading in an up trending channel
  • It looks like butterfly is under formation.
EUR/USD chart:
EURUSD, D1, July 14, 2020.png


Along with EUR/USD, USD/JPY showed a significant bullish move yesterday as it made an engulfing candle pattern on Daily/D1 time-frame:
USDJPY, D1, July 14, 2020.png


Since both EUR/USD and USD/JPY were bullish yesterday, we tried to find out an opportunity to buy EUR/JPY today and here is what all bullish factors we observed on Daily/D1 time-frame of EUR/JPY:
EURJPY, D1, July 14, 2020.png


We see Bread & Butter chart pattern here. Following bullish thrust, market usually moves in direction of the thrust to 61.8% of the fall. This is called a Bread & Butter Buy Trade.
EURJPY, D1, BnB, July 14, 2020.png


The screenshot of H1 time-frame of EUR/JPY below describes how exactly and when we entered buy in EUR/JPY.
EURJPY, H1, July 14, 2020.png


Note that we have moved Stop Loss (SL) to Break Even (BE) point.
 

luckyanand12

Corporal
Messages
154
EUR/USD Buy Trade Explained | Butterfly under construction | Forex Fund Manager | Keon Consultancy

Read this EUR/USD analysis to understand our bullish context in detail.

The screenshot displays entry and exit levels:
EURUSD, BtrF, Jul 14, 2020.png



Note, especially for clients: The Butterfly Under Construction had already been identified on July 9, 2020 as the price had crossed above B and trade had been entered on same day. This trade may take many days, which is why we are revealing its analysis late.
 

luckyanand12

Corporal
Messages
154
Analysis of EUR/USD, USD/JPY and EUR/JPY to determine buy trade in EUR/JPY | Forex Fund Manager
EUR showed significant strength yesterday, here is what all we observed on major pair, EUR/USD:

  • Almost all major currencies, such as GBP, AUD, NZD, CAD and CHF, fell against USD yesterday but EUR rose
  • EUR/USD has already been trading above MACD predictor
  • It has been trading in an up trending channel
  • It looks like butterfly is under formation.
EUR/USD chart:
View attachment 55687

Along with EUR/USD, USD/JPY showed a significant bullish move yesterday as it made an engulfing candle pattern on Daily/D1 time-frame:
View attachment 55688

Since both EUR/USD and USD/JPY were bullish yesterday, we tried to find out an opportunity to buy EUR/JPY today and here is what all bullish factors we observed on Daily/D1 time-frame of EUR/JPY:
View attachment 55686

We see Bread & Butter chart pattern here. Following bullish thrust, market usually moves in direction of the thrust to 61.8% of the fall. This is called a Bread & Butter Buy Trade.
View attachment 55689

The screenshot of H1 time-frame of EUR/JPY below describes how exactly and when we entered buy in EUR/JPY.
View attachment 55690

Note that we have moved Stop Loss (SL) to Break Even (BE) point.
Trade closed : Target reached
 
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