TRENDING:

XAU/USD

Silver

Today’s Market Calls of EUR/USD GBP/USD GBP/JPY and Gold Forecast- 7

Somnath Das Independent Analyst

Urgent Pair GBP/JPY Hourly Chart:

Ultra Specific Ceteris Paribus Strategy:

“Without strategy and execution, a great idea will remain just a good idea.”- Dom

By keeping in mind the daily target price constant trade frequently 3- 4 times a day. Maintain a free margin level approx 2900%. With this trader can hold open positions up to 600 pips (approx) if opposite scenario happen. It is applied in a 1:500 leverage setting (Adjust Floating Leverage). Hold the open positions overnight in case of verified short term trend for maximum profit.

Always maintain a portfolio of 3 out of 4 pairs and distribute total trading volume among them.

Unique Trading Process:

Trading process is based on ZIGZAG Analysis and combining with ADX and Elliot wave oscillator. First, predicting buy/sell any type (limit/stop) intraday. Second, identifying any type of hourly candlestick pattern formation, it is suggested to enter 1st position (buy/sell) at any level between the average of daily entry and sl/tp price.

Third, try to book initial quick profit to verify predictions validity. This process can be repeated twice or thrice in sidewise market. Also distribution of positions by averaging method will be helpful. This way we can maximize intraday profit, provided that the daily market direction is verified and holds true.

Fourth, on the fundamental side we will check the price action more during the news in economic calendar on CPI (Consumer Price Index) data of EUROPE, UK, USA, JAPAN, CANADA, SWEDEN, and SWITZERLAND.

On January 15, 2019, the United Kingdom Parliament is scheduled to vote on the Brexit agreement.

Useful Daily Market Direction | Daily Trading Levels:

1. BUY EUR/USD

Weekly Trend- Up

Price- Entry- 1.1465, Take Profit- 1.1582, Stop loss- 1.1365

2. BUY GBP/USD

Weekly Trend- Up

Price- Entry- 1.2835, Take Profit- 1.2922, Stop loss- 1.2710

3. BUY GOLD/XAU/USD

Weekly Trend- Up

Price- Entry- 1290, Take Profit- 1305, Stop loss- 1258

4. BUY GBP/JPY

Weekly Trend- Up

Price- Entry- 138.66, Take Profit- 140.57, Stop loss- 137.28

The price is always changing, will you lead or follow?

Author

Somnath Das

Independent Analyst

Without strategy and execution, a great idea will remain just a good idea.

EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD slips below key averages as geopolitical risks mount

GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, shedding over 500 pips in a series of lower highs and lower lows.

Gold rebounds ahead of US ADP, will it last?

Gold finds renewed Asian bids and retests $5,230 early Wednesday after the heavy sell-off on Tuesday. The US Dollar stands tall amid escalating Middle East tensions and reduced dovish Fed expectations. Gold defends $5,000 or 50% Fibo level after facing rejection at the 78.6% Fibo resistance at $5,342 amid bullish RSI.

Bitcoin, Ethereum and Ripple struggle for direction as consolidation persists

Bitcoin, Ethereum and Ripple prices trade with a cautious tone at the time of writing on Wednesday as upside momentum continues to fade across the broader crypto market. BTC remains within a parallel channel, ETH struggles below key resistance, while XRP remains fragile within a descending channel. These top three cryptocurrencies by market capitalization continue to struggle to establish a directional bias amid the consolidation phase.

Energy shock 2.0: Why rising Gas prices could hit the Euro

Even without a confirmed, sustained disruption, the mere risk to a key global energy chokepoint is enough to inject a significant premium into European Gas markets. And for the Euro, that matters.

Ripple falters amid sell-off jitters and negative funding rates

Ripple (XRP) has come under pressure, drifting lower to $1.35 at the time of writing on Tuesday. The over 2% correction looks poised to erase the previous day’s gains, which lifted the remittance token to $1.42.