The outcome of the US presidential election 2020 is on a knife edge, with Donald Trump and his rival Joe Biden neck and neck in key swing states. As a Forex or Stock trader, you will probably be scared by the high volatility of the markets during the elections. As a supply and demand trader,...
Will the NZD (New Zealand Dollar) get stronger in 2020? It’s very unlikely. As supply and demand traders, we do not need to pay attention to fundamentals to do an NZDUSD analysis. However, If we were to believe major bank New Zealand Dollar forecasts, the NZDUSD would remain around 67 US cents to the NZ...
EURUSD and Dollar Index analysis 2020 updates. As explained in the previous EURUSD and Dollar Index #DXY analyses, we expect a bigger correction on the EURUSD and Dollar Index after such strong impulses. Going long on EURUSD and short on Dollar Index is not a good idea, given the strength of the bullish impulse on EURUSD and the bearish...
GBPUSD Forex cross pair is dropping as expected from the monthly supply imbalance, located around 1.32. The reaction has been pretty strong for now. The British Pound is weak against the US dollar. This, together with the fact that the Dollar Index DXY analysis is bullish, it’s helping the GBPUSD Forex cross-pair to drop so...
As discussed in the previous US Dollar Index DXY supply and demand analysis and forecast, the expected bullish correction is happening. . The EURUSD forex cross pair forecast and analysis are very similar. Still, we are expecting a bearish correction instead. As a Forex trader, you should know that EURUSD and Dollar Index DXY are...
As explained and forecasted for weeks, EURUSD is dropping as expected. We expect a bearish correction on the EURUSD Forex cross pair after such a strong bullish impulse on the monthly timeframe. There is a much lower monthly demand imbalance so we can think of long-term positions. EURUSD forex forecast and prediction Short positions will...
Expecting a bearish correction on the EURUSD Forex cross pair after such a strong bullish impulse. There is a much lower weekly demand level where we can think of long positions. The Dollar Index DXY analysis is very similar to the EURO but inversely correlated. EURUSD forex forecast and prediction Short positions will be possible...
EURNOK Forex cross pair (Euro versus Norwegian Krone) has broken an all-time high again after months. EURNOK is trying to recover from its worst drop in a few decades by creating new daily demand imbalances like the one you will see lower in this forex analysis. As explained in the previous EURNOK forex cross-pair analysis,...
AUDNZD Forex cross-pair long-term bias is bullish. For this reason, we can see new strong bullish price action and impulses on the daily timeframe. Besides, new demand levels are being created on a daily timeframe, they are being respected while the opposite impulses are being eliminated. AUDNZD daily uptrend. Bullish forecast Clear long bias on...
As expected and mentioned in previous USDJPY forex analyses and forecasts, the American Dollar is reacting strongly to a strong monthly demand imbalance, and it’s rallying much higher. This is a technical and price action analysis similar to EURUSD forex technical analysis. A similar strong imbalance gained control a few months ago, and it’s been...