Trader_AndyNg

Trader_AndyNg Updated 

H4 long uptrend started since May'20. And, Uptrend could not make it higher-high and cause Head and Shoulder transition pattern. It could be downtrend started + Risk-off for 2nd wave covid-19 which cause US dollar may get more support on safe heaven product.

Trader_AndyNg Updated 

Can EURUSD make it??? Fundamental: GCC ruling While USD dollar going rally

Trader_AndyNg Updated 

Head and Shoulder pattern formation became much more formal than previous. Look for further price drop.

Trader_AndyNg Updated 

Fundamental: GBP or CAD momentum seem pressure Technically: Head and Shoulder pattern Entry with small position once break thru M15 support line and last Thrusday POC.

Trader_AndyNg Updated 

USD: safe heaven pressure CAD: While oil and risk-on support

Trader_AndyNg Updated 

Yesterday hit 100pips profit!! Today may continue target another 100-200pips profit!! Risk-off still remain!! As long as today UK CPI y/y below than expectation, it will further support downtrend.

Trader_AndyNg Updated 

Who know??

Trader_AndyNg

1) As today asia open, Risk traded choppy and mixed after yesterday strong bid. I can assume, it shall be liquidate for yesterday profit or Risk-off. 2) Equity market reach Resistant level and going to down >> Risk-Off Thus, we can assume short-term EURNZD long position. If, there is more Covid-19 cases, may pressure NZD.

Trader_AndyNg

Last friday NFP fall to lows -701k while the unemployment rate increase to 4.4%. The bad data figure impact Equity market, but strongly support US dollar. Besides this, USA number infection for Covid-19 keep increase. Therefore, worse US data (Equity fall, US dollar rally) + Covid-19 (Safe-heaven) which cause USD stand firmly for the next week. On other hand, NZD...

Trader_AndyNg

AUD - Bearish : 1) Coronavirus - risk off sentiment 2) China impact to Aus revenue 3) RBA further easing 66% cut by May, 82% cut by June, and cut fully price by Oct. *Ongoing expectation further monetary policy easing and economic risk firmly pointing to downside. USD - temporary safe heaven currency due to Coronavirus. Coming week with stronger data. Monthly >>...

Trader_AndyNg

EUR - very bearish due to the outlook for EUR remain heavily titles to the downside as the US continues to turn. Additionally, Coronavirus also beginning to weight on Europe economic and spread thru Europe with Italy, France, Germany and Spain currently. USD - Although US policy also clearly to downside, but still growing demand for USD (part of safe-heaven...

Trader_AndyNg Updated 

At this moment, Risk-off for coronavirus seem abit calm and improved. FOMC later and unchange rate which may cause USD strong. Wish there is stop-hunt formation may apply. And, there is only short-term trade before FOMC speech and interest rate decision.

Trader_AndyNg Updated 

Fundamental: 1) US-IRAN war may mistake attack Oil factory/manufacture. This may cause Oil price increase which cause CAD going to rally (Not always the case). 2) Canadian economy look fairly positive, BoC stated economy is "operating near capacity" along with stronger wage growth supporting consumer spending. 3) US, market sentiment believe the risk to US...

Trader_AndyNg Updated 

Point: 1) Keep eye close for coming Mon - William (Neutral) speak, any Dovish speak may cause NZDUSD rally. 2) "Phase 1" may sign on 15/Jan, while "Phase 2" may more challenge topic. Beware: 1) Any further disappointing NZD economic data point could see the market further easing. 2) How challenge for "Phase 2" talk between CHN-US.

Trader_AndyNg

Mainly: US-IRAN War!! Technical: 1) Short covering rally pattern 2) 2 option entry, depend on news feed Beware: 1) Audio squawk about War stream

Trader_AndyNg

Besides of, 1) US, market sentiment believe the risk to US monetary policy 50/50 Fed cuts rate next 12months. 2) US, Phase 2 negotiation are expected and more challenging. 3) US, Manufacturing PMI does not able to reach prediction or even low than 50 point which cause economic outlook towards downward. MAINLY, US-IRAN WAR!! Safe Heaven currency will be...

Trader_AndyNg Updated 

There might be high possibility to sign "phase 1" between US and China on Jan'20. If so, Risk may be appetite with positive mode which cause antipodean rally on mid-term trend. There is few US data may release by next week which may initially cause US data positive and lay down AUDUSD while big player may take opportunity bid at lower which is iceberg buy at...