European major currencies, such as the Euro and British Pound, outperformed the US Dollar on Friday. I happened to read that the US dollar has been on a climb amid the outbreak of the coronavirus, which is threatening global growth. According to preliminary estimates for February, the United States was thrown into the spotlight after...
Let’s look at USDSGD forex cross-pair using the supply and demand glasses as technical analysis. This forex cross pair has created a strong impulse on the weekly timeframe around 1.3497 price area that ended up becoming a strong demand imbalance where longs will be possible again. See the weekly timeframe screenshot below. With practice, you...
The US dollar and Dollar Index DXY are strong, creating new demand levels in a clear trend. Many USD Forex Cross pairs and exotics pairs like USDZAR have a clear uptrend and bullish bias creating new weekly demand imbalances. USD ZAR high odds for longs We don’t need complex Forex trading strategies to locate price...
GBPAUD Forex cross pair, British Pound versus the Australian dollar, is in a clear uptrend with a very strong daily demand level in control. We cannot go short if we have a clear uptrend and a solid supply imbalance in control. GBPAUD Forex cross pair forecast We expect the price to rally higher per our...
EURAUD Forex cross-pair is in a clear uptrend with a very strong weekly demand level in control. We cannot go short if we have a clear uptrend and a very solid demand imbalance in control. EUR/AUD Forex cross pair supply and demand analysis and forecast We expect the price to rally higher per our supply...
What is EURUSD Forex cross-pair forecast-based supply and demand technical analysis? Well, as discussed in the previous video technical analysis, we have a clear long-term short bias on EURUSD Forex cross pair creating and respecting bigger timeframe supply levels and imbalances and eliminating obstacles in the form of demand imbalances. EURUSD Forex Cross Pair Forecast...
AUDUSD Forex cross-pair is in a clear weekly downtrend using supply and demand imbalances. AUDUSD Forex cross-pair forecast is bearish. Monthly and weekly timeframes are in a clear downtrend creating strong weekly supply imbalances like the last one located around 0.6995. AUDUSD cross pair downtrend forecast As you will see in the supply and demand...
EURUSD Forex cross-pair supply and technical demand analysis is telling us that only shorts are allowed at new supply zones. The weekly timeframe is in a clear downtrend, with new weekly supply imbalances being created and respected and demand imbalances eliminated. EURUSD Forex cross pair forecast There is a lot of room for the price...
EURNOK Forex cross pair is rallying strongly, reacting to a prior weekly demand imbalance located around 9.60. There are new buy opportunities at a brand new weekly demand new demand imbalance created slightly higher around 9.66. There is a clear long-term long bias, so only longs at new demand levels is possible. Going short is...
Ever wondered how to trade GBPUSD Forex currency pair using supply and demand imbalances? It is imperative to understand why and how currency pair moves for the development of each Forex trader. Typically, price moves owing to supply and demand imbalances, which is why it’s essential for every trader (especially a beginner) to grasp the...