Major and Exotic Pairs

First week of May Trade setup. See charts Below. EURUSD having fresh demand. A bullish context hence looking for Buy.

EURUSD 4H

A role reversal fresh into demand.

GBPUSD – potential  Buy.

GBPUSD 4H

Major Supply being absorbed entirely by over powering demand. Hence Will buy into demand.

GBPJPY – sell and Buy potential

GBPJPY

But majority this will be selling due to a very strong Yen. I would look for selling the yen across its counter pairs.

USDJPY – selling.

USDJPY 4H

Expecting a fresh supply selling.

USD index. Bearish. Weaker dollar continues , yellen signal this, their central bank are still selling. They might only reconsider to increase the interest rate upon reaching demand.

USD index

 

 

  2 comments for “Major and Exotic Pairs

  1. Pingback: Overview | Warithu
  2. September 28, 2016 at 12:36 am

    A lot of of what you say happens to be supprisingly appropriate and that makes me ponder the reason why I had not looked at this with this light before. Your article truly did switch the light on for me personally as far as this subject goes. But there is just one position I am not really too cozy with and while I make an effort to reconcile that with the central idea of the position, let me see what all the rest of the visitors have to say.Well done.

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