Zheng He / Blog
This is a quick USDJPY trade. Usually this pair has been quite bullish, but right now it appears there is a short term intra-day bear. It appears this pair is currently in a ranging zone. The bottom range is around 108.38 and lower...
I've been pushing the EURJPY sell signal for some time now. Right now, it looks like the trend is ending especially from a price action stand point. Looking at the daily chart, the second last trading day of last week ended off in a doji...
If you profited from the EURUSD fall from the NFP release last Friday, then there's good more news! If you missed out on the NFP release last Friday, you still have a chance of profiting from the EURUSD bear. There's not much to show on the daily, but the weekly tells a different story...
The EURUSD just broke a significant support zone. This zone has been tested three times since the November 2012 initial support zone. Looking at the weekly chart, the price did not even hesitate in this support zone. It made a hard break through and continued falling...
After I generated several sell signals on this pair, it is time to start closing out. The EURJPY would not be considered trending. On a daily time frame, it appears this pair is actually ranging between two rather extreme points. However, it appears this pair is rather oversold...
EURJPY is making several pull backs in this down trend and we are seeing the process of one more. Still a rather bearish pair, but the question remains how long...
Was not too happy with the first couple hours of the market open. Expecting this pair to remain bearish was the most reasonable especially considering how it has performed last week. However, keep in mind that it ended the week off with an accelerated sell-off...
GBPUSD's close could not have been more perfect. First, let's take a look at the longer time frame. Momentum wise, you can see that it has been ranging and suddenly trying to breakout in the last hour. The upper candlestick wick signals buyers trying to breakout above the range only failing...
Draghi's speech is expected to send the Euro lower to sub 1.27 level and so far it has. However, that's just against the US dollar. This doesn't mean it doesn't hold true for other pairs...