jpeacockfx

CADCHF - Oil On The Rise - Could Mean Bullish CAD Analysis: This is a setup that we are possibly looking to enter into. Why? Well price was in a strong downwards trend, forming lower lowers and lower highs whilst also respecting the downwards trendline, however recently we've seen that change. Price has put in a higher high and a higher low whilst also breaking out of the downwards trendline, indicating that there is a change in the trend direction. Not only did price breakout of this downwards trend but we've also seen price retest the downwards trendline for support again showing us that price might make a move to the upside. At our area of support that we have marked out we also have the 38.2% fib retracement which we expect buyers to be sat at wanting to hold and push price higher which works in our favour. Looking at the fundamentals we don't have institutional positioning on our side but like we said the other day in our other idea we expect that as Canada is the 4th largest oil distributer in the world and with oil prices looking like they are on the rise again we expect that the CAD will start to gain some strength again and CAD pairs will rally which is why we have a bullish outlook both fundamentally and technically for this pair. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

EURAUD - Pullback Or Reversal? Analysis: As we can see price has been breaking past major levels of resistance and heading higher, showing us that the bulls are in control. This is confirmed by the fact that we are making higher highs and higher lows. Recently we've seen a pullback to an area that has held as support and resistance previously and we now expect it to hold as support again. Another confluence factor that we have for our idea is the 61.8% fib level which is right at our area of interested and has been hit and we've bounced nicely off of it, so we're looking for that bullishness to continue. Fundamentally the EUR is the strongest major currency giving us more reason to be buying the EUR. The AUD as well is currently the 3rd most shorted currencies which again works in our favour. There was some news that came out today giving mixed bias however we still think the EUR is strong and that this pair has a good chance of bouncing from this area and heading to at least the previous high. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

USDJPY - Break Of Major Resistance! Analysis: This is a setup that we're looking at on the daily timeframe. Although this is the daily timeframe that we're looking at this is still a short term idea that we have. Looking at the technicals price has broken above a major level of resistance showing us bullish momentum. As shown by the higher highs and higher lows we are also in an upwards trend so we only want to be looking for buys. Close to our entry area we also have the 38.2% fib level which we expect buyers to be sat at wanting to hold price and push it up higher which works in our favour. Fundamentally the JPY is weak, in fact out of all of the major currencies it is the weakest, again this works in our favour. The USD is gaining back it's strength and is showing signs of bullishness which gives us even more reason to be long on this pair. Although the USD is looking strong at the moment if and when the debt ceiling crisis gets sorted this will have an affect on this setup. If the debt ceiling crisis is sorted out then we see price dropping which would invalidate our idea however if we don't see this crisis get sorted, which is unlikely but still possible then we expect to see the USD shoot off to the upside. Be careful traders, especially with all of the news that is due to come. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

BTCUSD - Breaks Below Major Support! Analysis: Strong downwards trend Retest of a key level 38.2% fib level touch 100 EMA close by Downwards trendline close by Recent USD strength Current crypto bear market This setup is very much like our ETHUSD setup. The same applies for this idea, we need to see positive figures come out for unemployment claims for this idea to become valid. If we see worse then expected figures then we'll need to wait for more bullish momentum for the USD. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.Trade active

ETHUSD - Bears Are In Control? Analysis: Strong downwards trend Retest of a key level 38.2% fib level touch 100 EMA close by Recent USD strength Current bear market for crypto With the current market conditions we can't see crypto being bullish for a while whereas the USD is starting to gain some strength and making its way back up. With unemployment claims coming out later today this will play a key part in if we should take this trade or not. If we see a lower then expected figure then this setup is valid. If we see a higher then expected figure then we need to wait patiently for some more bullishness for the USD before entering. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.Trade active

GBPUSD - Continued GBP Strength? Analysis: This is a pair that we've been watching for a while now and we might finally be getting that setup that we're looking for. We can clearly see that price is in an upwards trend so we're only looking for buys on this pair. We did have a slight counter trend move however this was setting up a bullish pattern so we we're expecting price to push higher. Now we're seeing the previous highs be retested for support which we expect to hold and for price to continue it's move to the upside. We also have the added confluence of the 38.2% fib level around our entry area which we expect will hold. The GBP each week keeps gaining more and more strength and that looks like it will continue. This trade however isn't valid yet, if we start to see the USD crack and continue its downwards momentum then this would be valid but until we start to see the USD continue down we need to stay patient and wait. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

CADJPY - Are We Seeing A Change In The Trend? Analysis: Price has broken above the recent lower highs breaking the downwards trend that it was in, signalling that we are now in an upwards trend. We're now retesting this previous level of resistance for support and with all of the added confluences we have we see this pair heading back up to the next level of resistance at least. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

EURNZD - Back To The Recent Highs? Analysis: Price has broken past a major level of resistance and we're now seeing that level get retested for support. We've got multiple confluences factors signalling a bullish bias so we see this pair heading back to the recent highs. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

NZDUSD - Will The USD Strength Continue? Analysis: Price was in an upwards trend before we had a slight counter trend move, we've since broken out of that counter trend move and are now retesting a key level of previous resistance for support. Currently the USD is gaining some strength so this isn't a trade that we want to be entering just yet however if we start to see that USD strength decline then this would be a great trading opportunity. We can't stress enough that this trade is only valid if we see that USD weakness. Until then stay patient and wait for the setup to meet the plan. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.

EURAUD - Will The EUR Strength Continue? Analysis: As we can see by the higher highs and higher lows that are being formed we're in an upwards trend. Price recently broke past a major level of resistance and now we're seeing that same level be retest but for support now. We also have the 61.8% fib level at this area as well which we expect buyers to be sat at so overall this previous area of resistance now turned support is starting to look like a great place to buy. Another confluence factor that we have is an upwards trendline. Although this isn't close to price it still shows the upwards momentum there is, giving us more confidence to enter long. Finally the EUR currently is very strong. In fact out of all of the currencies it's the strongest whereas the AUD is weak. The AUD did have a recent bit of bullishness which is something to watch out for but if the AUD loses the strength that it has then this would be a great setup to catch with a very good risk to reward. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.