If you have been following us religiously and keeping your eye peeled for our weekly content, I apologize. I decided to take a long break from producing content due to other commitments that takes up a good portion of my energy. As such, my team has decided to take a break until I am back. … Continue reading On Sabbatical
USDCAD: On Friday's close, USDCAD held above previous structure, 1.2894 - 1.2889. However, as there was quite a strong bearish momentum coming down towards this previous structure, it would be good to see more bullish strength, before determining if the pair could head up. If the pair would continue to sell down, the next level to … Continue reading Potential upside for USDCAD
AUDSUD: After breaking the significant support level (0.717 – 0.7183), AUDUSD showed some retracement in this trading week and tested this structure level and show upside weakness. It is highly possible that this level (0.717 – 0.7183), might hold the pair and continue the downtrend for the coming week. Legend: Monthly Levels: Represented in Red Weekly Levels: Represented … Continue reading More downside for AUDUSD?
Technicals for AUDUSD
EURGBP: EURGBP is trading above the 200EMA and also broken way above the weekly trend line resistance. As of Friday's close, the pair has broke and close above the daily resistance, which could indicate further possible upside action. The 2 levels that could potentially hold the pair would be 0.91120, 0.91730 which was previous levels … Continue reading EURGBP: Strength on the Upside
EURUSD: After breaking out from the consolidation area, EURUSD is currently showing retracement from the downtrend. The support zone for the consolidation (1.1545 - 1.1555) happens to show confluence with the 50% Fibonacci Retracement levels of the current wave and this area would be a good area to watch. Legend: Monthly Levels: Represented in Red … Continue reading Technicals for EURUSD
USDCAD: As of Friday's close, USDCAD showed strong bullish price action after testing the previous structure (~1.3), where it also saw strong bullish price action in the past. It is highly possible that the bullish price action will continue for the next week. 3 prices point that might potentially see some sellers coming in, 2 … Continue reading Resuming the uptrend for USDCAD?
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Most of us do not realize how we have put ourselves in an endless cycle of consumption. The urge to consume excessively has resulted in us allocating copious amounts of our paycheck towards expenses, rather than investments or retirement planning. But hope is not lost; we can easily re-structure our spending and saving habits, saving … Continue reading Save thousands a year with these simple tricks.
There are two main risk environments that can be observed in the markets - "risk on" and "risk off". As their names imply, the changes in market participants' risk appetite is reflected from the assets they choose to allocate their money in. Risk-on (Bullish) In a risk-on environment, market participants are optimistic about the future … Continue reading The Beginners’ Guide To Risk Environments (TLDR friendly!)
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