The Mexican Peso is getting stronger versus the British Pound
Forex analysis for GBPMXN, the British Pound versus the Mexican peso. The Mexican peso is getting stronger versus the British pound after reaching a very strong monthly supply imbalance that will probably make the Peso much stronger than the Pound in the following weeks. The imbalance has recently been reached and shared in Set and...
USDCNH Forex cross pair analysis. The US Dollar is tanking
USDCNH forex cross-pair is tanking as expected after reaching the strong supply imbalance on the daily timeframe. USDCHN price has reacted strongly to the price level, and the Chinese Yuan price is getting stronger against the US dollar. The USDCNH price chart attached below is a screenshot taken from the cross-pair last November 29th 2022,...
EURUSD is reversing since October 2022 as expected
EURUSD has been reversing since October 2022, as expected. The EURO forex cross-pair has been dropping for months and started its reversal after hitting a very big timeframe long-term demand level. That is helping the EURUSD rally and stay above the parity level again. There is a lot of profit margin for the EURUSD to...
GBPMXN British Pound vs Mexican Peso 2022 forecast
GBPMXN forex cross pair reached a strong imbalance on the monthly timeframe last May 2022. British Pound vs Mexican Peso 2022 forecast. The imbalance tells us there are a lot of potential buyers that could increase the exchange of the British Pound versus the Mexican peso in the following months. GBPMXN forex cross pair imbalance...
AUDCHF forex cross pair trade opportunity
AUDCHF forex cross pair presented a great trade opportunity last January 2022 on the H4 timeframe. Below, you can see a screenshot of AUDCHF forex cross-pair shared with all members of Set and Forget online trading academy. See below AUDCHF (Australian Dollar versus Swiss Franc) H4 analysis using supply and demand imbalances. A few hours...
EURUSD technical analysis 2021 update
Both EURUSD and US Dollar Index #DXY had reached strong imbalances, as explained in a previous analysis last 12th January 2021. As expected, the EURO has dropped strongly from that strong imbalance in the monthly timeframe. The same is happening to the US Dollar Index but upside down, which is why most US dollar cross...
USDJPY chart. Daily uptrend February 2021
The USDJPY chart is definitely bullish. The daily timeframe is trending up, creating new demand imbalances and respecting them. The bigger picture bias for the USDJPY Forex cross pair is bullish, with the USD potentially becoming stronger, as explained in a previous Dollar Index DXY chart analysis. Why is USDJPY rallying so strongly? The bigger...
EURUSD technical analysis 2021
EURUSD’s technical analysis is no longer bullish. A strong supply imbalance on the monthly timeframe has taken control. Buying EURUSD smaller timeframes is suicidal in this scenario. A new year has started with EURUSD at a strong supply imbalance, where a decent bearish reaction is expected. EURUSD technical analysis using supply and demand imbalances is...
NZDUSD long-term analysis and forecast 2020
Will the NZD get stronger in 2020? As expected and mentioned in the previous NZDUSD cross-pair analysis, we can see weekly and monthly highs being broken on the NZDUSD cross-pair. Regardless of China’s economic growth is slowing even more than expected from the coronavirus pandemic, reducing China’s trade and lowering demand for NZ imports. New...
JPY to USD Forex Analysis December 2020
As explained in a previous long-term supply and demand analysis for JPY to USD forecast, we were expecting and waiting for new demand imbalances to be created before we thought of going long on USD JPY. Price action is showing us a very strong impulse that ended up creating a demand level around 100.75. USD...
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