GBP/JPY Performed a Double Bottom After MACD Divergence

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Weekly trade idea on GBP/NZD.​

Week: 18-22.04.2022​

NZD CPI.​

NZD Consumer Price Index is due to be released on the 21st of April. Forecasters are predicting the data to be up about 0.6% from the previous. There are very bullish forecasts for the NZD, which may see this chart and trading idea retrace perfectly.

Key Levels:​

  • Resistance 1.93500
  • Support 1.91000

Trend GBP/NZD.​

Bearish

The overall trend recently has been to the downside on the pair, but given the strength in the upside pushes recently, I think we are going to witness a trend-changing movement.

Call to Action/Trade Idea​

Wait for the price to retrace back down to the local demand area, watch for a confirmation on the lower time frames and then push higher to the 1.96 mark.


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Weekly trade idea on AUD/USD.​

Week: 25-29.04.2022​

USD signals 6 more rate hikes.​

USD raised its rates in March and signalled 6 more hikes in the near future. These are very bullish signs for the USD whereas the RBA has dropped “Patient” from their policy statement signalling a possible 2022 hike.

Key Levels:​

  • Resistance 0.745
  • Support 0.718

Trend AUD/USD.​

Bearish

Overall trend recently has been to the downside on the pair, I think this trend will continue into the near future and breaking lower lows as it moves.

Call to Action/Trade Idea​

Wait for price to retrace and test the demand for the product, if demand is weak, join the force pushing to the downside.

image (80).png
 

Weekly trade idea on AUD/CHF.​

Week: 02-06.05.2022​

RBA hiking interest rates.​

AUD is showing weakness as the RBA are ready to start hiking rates, this data is usually already priced into the market but it is the meeting minutes which indicate where we are heading into the future. Also expecting lower retail sales data later in the week.

CHF is looking rather bullish, on the other hand with not much room for the Monetary Policy to ease the outlook is rather Dovish. The data releases do remain weak but with stocks heading lower I can see money flooding into the CHF.

Key Levels:​

  • Resistance 0.698
  • Support 0.685

Trend AUD/CHF.​

Bearish

Overall trend recently has been to the downside on the pair, I think this trend will continue into the near future and breaking lower lows as it moves.

Call to Action/Trade Idea​

Short AUD ahead of interest rate decisions and retail sales data, keeping a close eye on the reaction of the market.




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Lucian S, 30 years old, From the United Kingdom.

Lucian has just successfully passed our Freestyle program. He made an amazing recovery from 14.21%. He is now one of The5ers funded traders and is trading with a 50K funded account on our platform.

From now on, every profit he gains is 100% his. His next mission is to complete another 100 trades and keep a consistent performance to grow his Freestyle account.

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Adam has just successfully passed our Freestyle program. He made an amazing recovery from -25.22% Drawdown. He is now one of The5ers funded traders and is trading with a 50K funded account on our platform.

From now on, every profit he gains is 100% his. His next mission is to complete another 100 trades and keep a consistent performance to grow his Freestyle account.

👉 For more forex trading insight, follow us on Instagram: @the.5ers

 
Hi

Thought you might be interested in what the Volatility Response Model (VRM) says about the GBP-JPY so here are the VRM predictions for GBP-JPY for the next 24 hours ending in New York 10 May 2022. ( a bit late :) ). But you can see what happened in the past and its bull/bear state today.

On 16 March the VRM short term trend channel (blue) rebounded off the long term trend channel (green)

On the 22nd April the same happened again.

Then support on the middle of the long term trend channel 27 April. Before finally falling through three days ago.

Until the GBP-JPY finds support on the middle of the short term trend channel it is bearish.

The GBP-JPY is currently bearish in the long term and bearish in the short term.

When the middle of the short term trend channel (blue) passes through the middle of the long term trend channel (green)....its dooms day :)

For a description of the VRM and a PDF describing the VRM chart attached see this thread link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...
www.trade2win.com

G
 

Attachments

  • 2022-05-10-gbpjpy.PNG
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The GBPJPY could have found a support around the 200 day EMA at the 156,63 level. Since the pair is over-extended to the downside, it is prone to a correction.
 
Here is the VRM chart for GBP-JPY on 16 May. The GBP-JPY is currently...

bearish in the short term below the middle of its short term trend channel at 160.13

bearish in the long term below the middle of its long term trend channel at 161.56

Until the GBP-JPY finds support on the middle of the short term trend channel then the GBP-JPY will continue to fall.

I will post some more GBP-JPY predictions daily to see how the short term trend channel (blue) interacts with the long term trend channel (green)

======================================================

For a description of the VRM and a PDF describing the VRM chart attached see this thread link...

Predicting future FX support and resistance levels using mathematics

I attach the VRM predictions for tomorrow for 16th July for GBPUSD, EURGBP, EURUSD, USDCAD & EURCAD. Coloured levels are the important VRM levels. Watch out for the top, middle and bottom of the short term trend channel (blue) colliding with the top, middle or bottom of the long term trend...
www.trade2win.com

G
 

Attachments

  • 2022-05-16-gbpjpy.PNG
    2022-05-16-gbpjpy.PNG
    72.5 KB · Views: 68
Here is the VRM chart for GBP-JPY on 17 May.
The GBP-JPY is currently...

bearish in the short term below the middle of its short term trend channel at 159.61

bearish in the long term below the middle of its long term trend channel at 161.56

Until the GBP-JPY finds support on the middle of the short term trend channel then the GBP-JPY will continue to fall.

I will post some more GBP-JPY predictions daily to see how the short term trend channel (blue) interacts with the long term trend channel (green)
 

Attachments

  • 2022-05-17-gbpjpy.PNG
    2022-05-17-gbpjpy.PNG
    72.9 KB · Views: 64

Weekly trade idea on USD/CHF.​

Week: 20-25.06.2022​

Losing confidence in the USD.​

The Fed continues to hike rates in the USA which usually creates an immense amount of demand for the USD signalling the economy is growing, but as we hike and hike more aggressively, many are starting to realise that when we have reached these high interest rates before, it has resulted in a recession. As time moves forward, the USD is looking less and less appealing.

The CHF on the other hand have hiked rates for the first time since 2015 creating an explosive move. Many investors are starting to look at the CHF as a great opportunity over the next 6 months.

Key Levels:​

  • Resistance 1.000
  • Support 0.957

Trend USD/CHF.​

Sideways

Overall trend recently has been to the upside but has now started to form a sideways channel.

Call to Action/Trade Idea​

Wait for a break below recent support, if a clean break is provided, short.


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For more forex trading insight, follow us on TradingView: @the5erstrading

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Weekly Forex Analysis July 4 – 8, 2022 – In today's session, we discussed the DXY, Indices, and agricultural commodity prices.

👉🏻 For more quality trading insight, follow us on Instagram, @the.5ers

 
👉 Weekly Forex Forcast Jan 2 – Jan 6, 2023

In today’s trading room, we discussed the Non-Farm payroll on Friday, potentially bringing interest into the USD.

All major pairs are in areas of confirmation, whereas to confirm a trend reversal or continuation.

JPY pair are the only ones moving. JPY is looking very strong and with nice opportunities to join the trend.

👉 For more information about the traders day live event, go to tradersday.live

👉 We will go LIVE tomorrow @9:00 AM ET on The5ers YouTube channel

 
👉 Weekly Forex Forcast Jan 9 – Jan 13, 2023

In today’s trading room, we discussed the NFP on Friday and expecting a lower CPI this week, and we see confirmation of a USD bearish movement.

AUD looks strong across the board as CPI is expected to come higher than the previous time.

We also took some profitable scalps on EUR/USD.

👉 For more information about the largest traders event in 2023, go to tradersday.live

👉 We will go LIVE tomorrow @9:00 AM ET on The5ers YouTube channel

 
👉 Weekly Forex Forcast Jan 23 – Jan 27, 2023

In today's session, we tried AI21, a similar program to chatGPT, to help us build a forecast for the upcoming week.

We also discuss how the markets are switching into a ranging market. Trends have slowed down.

Our bias on USD/JPY is still bearish, and gold is still bullish, but waiting for a pullback before buying.

👉For more information about the largest traders event in 2023, go to tradersday.live

👉 We will go LIVE tomorrow @9:00 AM ET on The5ers YouTube channel

 
👉 Weekly Forex Forecast Feb 13 - 17, 2023

In today's trading room, we established our bias on JPYUSD bullish, euro, and pound neutral.

We explained two ways to approach breakouts, the break or the retest.

We expect CPI in US and UK to affect the market this week.

👉 For more information about the largest traders event in 2023, go to tradersday.live

👉 We will go LIVE tomorrow @9:00 AM ET on The5ers YouTube channel

 
👉 Weekly Forex Forecast Feb Feb 20 - 24, 2023

In today's trading room, we analyzed candlestick patterns and explained why sometimes they work and other times they do not.

In short, we are looking for how the patterns were formed on lower timeframes and if there was an institutional movement behind them.

Gold is around the 1800 level, the last key support before a potential strong down movement.

👉 For more information about the largest traders event in 2023, go to tradersday.live

👉 We will go LIVE tomorrow @9:00 AM ET on The5ers YouTube channel

 
👉 Weekly Forex Forecast Feb 27 - Mar 3, 2023

In today's session, we checked how many of our levels from the past week actually held.

We see the clear strengthening of the USD against major currencies, especially against JPY and NZD.

Also, if gold breaks down the 1800 level, we can expect a continuation lower as there are no support levels to hold prices from dropping aggressively.

Finally, We also took a successful long scalp on GBPAUD.

🔥 For more information about the largest traders event in 2023, go to tradersday.live

👉 We will go LIVE tomorrow @9:00 AM ET on The5ers YouTube channel

 
👉 Weekly Forex Forecast Mar 6 - 10, 2023

In today's session, we analyzed the fundamental events to expect this week.

Canada seems to have stopped the increments in interest rates, and the expected number this week is similar to the previous one.

We also answered some questions about the new programs at The5ers.

🔥 For more information about the largest traders event in 2023, go to tradersday.live

👉 We will go LIVE tomorrow @9:00 AM ET on The5ers YouTube channel

 
Denislav has been trading with The5ers for over a year. He is funded on the Instant Funding and Bootcamp programs.

We spoke with Denislav about his trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.

🔥Dont miss the biggest trading event in 2023, which will take place in the UK. It’s going to be the largest educational meet-up in Europe: For more information, visit tradersday.live

 
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