morrisgitau

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On the monthly charts we have a long term bearish trend forming new lows. There are imbalances likely to be cleared when there is a bullish correction. On the weekly charts,we have a disequilibrium and unmitigated supply at 0.607 price handle, price is seeking to correct it. On the 4-hour chart, we have a shift in market structure confirming the bullish...

morrisgitau Updated 

On the daily chart we have a change of character indicating a shift in order flow from bullish to bearish. Though we have a shift in order flow, the entry model is ranked moderate to weak, meaning there is a possibility price might push higher during correction. Either way, we are short on this pair.

morrisgitau Updated 

On the monthly chart, the Swiss Franc index, SXY is pushing higher to mitigate a supply zone. The price rally caused an aggressive bearish move across all CHF pairs. Presently, we are in a period of minor correction. The slide is expected to continue, thereafter we will look to trade the bullish correction once we have a shift in order flow and market structure.

morrisgitau Updated 

On the monthly charts we have a confirmed bearish trend with a bullish correction in play. On the weekly charts we have a shift in order flow confirming our bearish bias though its a long term view. We have an impulsive bearish move that has necessitated a bullish correction to clear previous disequilibrium. The break in daily structure confirms shift in order...

morrisgitau Updated 

In Q2 of 2023 we saw an impulsive bearish move. Presently we have completed a bullish correction that has shifted orderflow from bullish to bearish. We have a break of key structure on the daily time frame. Presently we are awaiting a minor bullish correction targeting the FOB then resume the bearish orderflow.

morrisgitau Updated 

Markets Rattle as Global Currencies Slide: Central Banks Prepare to Act Global financial markets plunged on Monday as U.S. tariffs under the Trump administration, alongside retaliatory measures from key trading partners, officially took effect. The result: a wave of uncertainty and volatility that sent the Australian, Canadian, and New Zealand dollars spiraling to...

morrisgitau

Euro futures indicate bearish momentum has set in seeking to drive prices towards imbalance and liquidity pools sitting at lower prices. On the daily chart, EURAUD has broken short term lows targeting the fair value gap before retracing. Our sell orders are sitting within unmitigated supply zones identifiable on lower time frames.

morrisgitau Updated 

As a safe-haven currency, the Swiss Franc (CHF) retained its strength throughout 2024, even as rate cuts from the Swiss National Bank (SNB) encouraged temporary rebounds by other currencies. Despite these rate cuts, the Franc maintained a bullish trajectory, targeting a key supply zone near the 122 level. We expect this region to act as a resistance point,...

morrisgitau Updated 

On the 12 months chart, price show an impulsive bearish move that took 6 years o complete. In tandem with price action, the bullish correction that is currently active has taken 14 years. Price is yet to contact a fresh long-term supply sitting at 1.544. On the monthly and weekly charts, the structure is still the same. Price is seeking to contact a short term...

morrisgitau Updated 

On the monthly charts, we have a bearish outlook with signs of bullish correction. On the same monthly chart, we have a fresh order block indicating there is downside pressure. Lately, the Kiwi has come under a lot of pressure since China cut their interest rates. Presently we are anticipating a further weakening of the kiwi across the board caused by weakening...

morrisgitau

The 12 month chart shows price reacting from a strong demand zone though the price is yet to contact the unmitigated supply at 2.4 price handle. On the monthly chart, price has created a bearish order flow indicating seller pushed price to the identified 12-month demand zone at 1.44 price handle. The internal structure on the monthly charts shows price struggling...

morrisgitau

EURUSD has broken the October 2023 low of 1.045. On the monthly chart, price is seeking to correct imbalance by pushing lower towards 1.01 price handle. On the daily chart, we have a new low indicating bearish market structure. This bearish trend could set the tone for Q1, 2025. Fed Minutes of December, 2024 further reinforce our expectations of a bearish EURUSD....

morrisgitau

On the 12 months chart, price shows an impulsive bearish move that took 6 years to complete. In tandem with price action, the bullish correction that is currently active has taken 14 years. Price is yet to contact a fresh long-term supply sitting at 1.544. On the monthly and weekly charts, the structure is still the same. Price is seeking to contact a short term...

morrisgitau

EURUSD is set to break the October 2023 low of 1.045. On the monthly chart, price is seeking to correct imbalance by pushing lower towards 1.01 price handle. On the daily chart, should price break below 1.04, we will have a new low indicating bearish market structure. This bearish trend could set the tone for EURUSD in 2025.

morrisgitau

On the monthly charts, we have a bullish trend that has been flipped. A change of character on the monthly chart indicates bearish orderflow setting. Currently, the dollar is gaining strength against major pairs, the Peso is no exception. The bullish resurgence of the dollar against the Peso seems to target price imbalance ranging between 21 to 24. Once these...

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Global financial markets are bracing for a possible Fed rate cut. Accordingly, forex markets have priced in the anticipated rate cut. September CPI data indicated US inflation is on course towards 2%; seems like the prevailing interest rates are working. Blackrock thinks the Fed will be cautious with a 25-bps rate cut as opposed to a 50-bps rate cut. There is...

morrisgitau

The Japanese Yen index (JXY) has been on a long term bearish trend. Recent intervention by the BoJ has lifted the Yen. On the weekly charts, the Yen has broken a key level indicating a shift in order flow. Price is expected to push higher to mitigate supply zones. In the short term, we expect the Yen to decline before resuming the bullish move. Consequently,...

morrisgitau Updated 

Finally, we have a break of structure and break of weekly swing structure. There is a possibility of a bullish correction (red0 or bearish continuation (black). We will only trade once we have a clear set up. We do favour a bullish correction before thereafter a bearish continuation.