MDSADI

MDSADI

Almost everyone is going to long today, why not ? The daily RSI is below 30 and we are at strong weekly horizontal support. But, fundamentally it makes sense to expect the trend to resume down and hence i would look to short the rally eventually if it happens or catch the shorts if market makers decide to attack all the stops below the support zone The decisions...

MDSADI Updated 

Short rally should start as soon as AUD shows life, better to wait for aud monetary policy decision

MDSADI Updated 

I am looking for price failure around $66 are to take short up to sub $55 and then hop back on long and trade on the range, until we have any real fundamental push

MDSADI Updated 

It's a easy sell for pullback to 1.94000 or 10 ema which ever comes first , next tuesday we have rba rate decision and the forecast is already dovish and cut to .50%, given recent economic data its highly unlikely they would cut and even if they do so , it would be a hawkish cut. If not for bigger turnaround but this small pullback is highly probably from .95400

MDSADI

We have loads of economic data until Feb 11th , we start with US interest rate and Employment data for both USA and NZD and end with NZD rate decision which sits around Feb 11th. The scenario is simple, for NZD if they don't cut rates and inflation data's are good then it would be enough for bullish scenario . However prior to that, we have to pay attention to...

MDSADI Updated 

Price is not breaking up strongly, we have BOJ next week, so even if its long eventually , lets get in at better price. If USDJPY to close green on monthly, this would be a change in seasonality trend from the last five years

MDSADI Updated 

Its evident that GBP economic data doing no good and MPC members looking to cut rates, so take any GBP strength as opportunity to enter short on GBP

MDSADI

BOC has been hawkish , if they maintain the tone we are seeing usd/cad sub 1.29 for sure, but however we have a descending channel support which also keep to be watched. I am more interested on the long side, so if BOC hints on rate cut , then would immediately change bias

MDSADI Updated 

Unless ECB is very dovish this Thursday, i am look to buy EU between 1.10400-1.10600, with stop loss at 1.10100 and TP above 1.11400. Chart wise ichimoku suggest sideways price action on weekly for the time being if not bullish. However a close below 1.10000 on daily should clearly imply a bearish turn

MDSADI Updated 

No doubt that USD is weak, however i don't want to buy right of way, rather wait to see NFP reaction and take the ride

MDSADI Updated 

I am in for the big drop , January has always been positive for yen in the last 5 years . What's the possibility that this time would be different ?

MDSADI

Employment data and interest rate decision to dictate cad's fate from next month. Right now crude oil is holding up cad , but a cool off scenario would change the scenario

MDSADI

The best price to start building long on this pair should be sub 1.025000 area with long term TP around 1.1000. NZD is outperforming AUD right now, so possibly exist for price to reach last swing low or even break lower and give us a attractive price

MDSADI

The chart shows bulls have control now, so no point of trying a short without evidence, lets wait for price to reach supply zone $118 and take short with stop loss above 120

MDSADI

I am looking to buy if price comes in the low range of 130 and sell as price approaches 150, but at the last quarter of the year expecting sell to prevail.

MDSADI

This one is very complex to predict as fundamentals can unfold in a dramatic manner. Pounds bullish case depends on a deal being made in the transition period prior to Dec 2020, but regardless i am prone towards the long as the price is near the bottom range and most importantly UK data hasn't been impressive lately. 2 out of 9 MPC members looking for rate cut, so...

MDSADI

If you think gold is going to go up then CHF is also going to strengthen, despite SNB's comment of further negative rate. I am looking to enter the short when risk off is established or preferably at later part of the year during election volatility , should price crawl up to area of interest

MDSADI

We are in a downtrend over the past few years due to interest rate differential widening and also the performance gap between the two economies. I would aim to see how price reacts near .9300 then enter a short with tight stop loss