FX:GBPUSD Following the bearish bias on USD and the expecting of GBP strength in December duo to fundamental analysis and bias. We need to look at technical analysis for entries. I need a pullback to support before buying creating plan A and B. For both plans the hard exit at 1.3630 Fundamental reasons for bearish USD Biden winning and clear direction for...
Following the bearish bias on USD and the expecting of EUR strength in December duo to fundamental analysis and bias. We need to look at technical analysis for entries. I need a pullback to support before buying creating plan A and B. For both plans the hard exit at 1.2160 Fundamental reasons for bearish USD Biden winning and clear direction for government...
Expcting OANDA:EURJPY to fall this week. It has already fulfilled it's bullish trend and taken profit now a counter trend is most likely. Fundamentally: We have increased risk in the economy both globally and in Europe. Sending EUR down is a likely effect of that. Technically: We have a double top formation at important resistance zone. Entry at Sunday market...
Following the bearish bias on USD and the expecting of XAU strength in December due to fundamental analysis and bias. We need to look at technical analysis for entries. I need a pullback to support before buying creating a plan. For GOLD we have two Tp's, 1. $1970 and 2. $2035 for December. I'm expecting GOLD to rise until February. Fundamental reasons for...
Following the bearish bias on USD and the expecting of AUD strength in December duo to fundamental analysis. We need to look at technical analysis for entries. I need a pullback to support before buying creating plan A and B. For both plans the hard exit at 0.7580
I will be looking to buy USDCHF for the week of 16th to 20th March on Dollar strength Targeting 0.9740
I will be looking to buy USDCAD for the week of 16th to 20th March duo to dollar strength Targeting 1.4130
I will be looking to sell NZDUSD for the week of 16th March to 20th March duo to USD strength Target is 0.5820
My bias for Gold February was to sell off 1598 from with a target of 1505. This weeks target is 1537 and the ultimate target of 1505 for the month of February. Technically: We have made a new low and now we are making a lower high. Overall trend is bullish, adding risk to the idea Use stop losses, never more than 1% of your equity
USOIl Fundamental analysis: We have risk of economic slowdown because of Corona-virus in China. China has asked businesses to temp close, consumers not allowed to be out and normal economic activity is not at normal conditions. Chinas demand for oil has reduced turning the oil down. Opec is looking into cutting 500k to 1mill production, with a price of $50 it's...
Fundamentally: We are still seeing risk in the market, making USDZAR going higher. Technically: USDZAR continues to make higher highs, looking to buy pullbacks.
Fundamentally: We have risk in the global growth, turning USD higher and USOIL lower. BOC has a bearish view of CAD economy Technically: We have USD still going strong, USOIL in a bearish trend. This is also reflected in the bullish trend in USDCAD. If you want to trade USDCAD, look for pullbacks
Technically: On EURUSD we have downtrend since 1.1100, for next week will keep our bias and looking to buy. With an entry around 1.0824, with a target of 1.0900 and 50 pip stop loss. Risk is below 1% of account equity Fundamentally EURO we had positive PMI coming out of germany on Friday but no real move. USD released some negative PMI news and USD weakened....
I will be looking to short GOLD for the week of 16th to 20th March duo to dollar strength targeting 1417
Looking to sell AUDUSD for the week of 16th to 20th March duo to USD strenght Targeting 0.59
EURUSD is an bearish trend, with a strong pullback to sell for February. Fundamentally: We have risk of economic slowdown because of Corona-virus in China. China has asked businesses to temp close, consumers not allowed to be out and normal economic activity is not at normal conditions. This makes the market sell the EURO as they depend on CHina and market...
AUDCHF Has really rallied up to test the trendline going back to 2015. AUDCHF made a new low last week and just continued up after that, creating higher lows and higher highs. I believe we will see some correction or rejection for next week before continuing up, maybe all the way up to the weekly 200MA. If the price continues lower than bias will change. For...
Finally AUDNZD broke out of the range. It really took time but for sure it's a good thing in the end AUDNZD has been resting at a major support zone for a while where it has not been able to go lower and the "only" way would be up. AUDNZD is currently in a range and it has just visited the lower parts of it. I will look for pullbacks to trade this pair News...