This pair went through a rare two-day whipsaw-ish price expansion of 90+ pips each day. That is almost twice the 20-day ADR for this pair. Due to this I am anticipating a rather subdued price action today with 35-55 pips range on top of today is Friday and there are no risk events for New Zealand and Singapore.
I do see scalping opportunities (in 15 min or 5 min...
I am intraday bearish bias for EURCAD. I have fundamental rationale to be bearish on the Euros but I don't for Canadian as of now.
The daily range yesterday was 61 pips whilst the 20-day ADR was 63 pips. I consider that as a hit. However, there is still more "space" to fill for this pair hence I am targeting the 20-week AWR downside projection.
I look for a...
I am intraday bearish bias for Sterling today (both technical and fundamental rationale). I have marked levels that, if reached, will wait for a bearish signal. Price could go further down without tapping in these levels, which I would not chase. Let the price comes to me.
The daily range yesterday was small compared to the 120 pips 20-day ADR so I am expecting a...
I am still bullish Brent for both technical and fundamental reasons. Fundamentally (and I am extremely oversimplifying this) am on the side who thinks 10-weeks restoration of the oil pipe/oil production is too ambitious and all a smoke screen.
Technically, the daily chart still tells me we should be bias on the LONG side and P3 Bullish activation happened...
I am bullish CADCHF at the moment. I missed the "anchor" signal yesterday but there are still opportunities to buy the dips. I am looking at 0.74560 - 0.74650 price zones and 0.74300-0.74400 as an "anchor" to long this pair towards the 20-week AWR upside projection or the levels at 0.75100-0.75200 depending from which price levels I long this pair
There are no...
Yesterday's trading range was 70-72 pips whilst the 20-day ADR was 102 pips. In a day when there was a risk event (political) and there was a stop hunt spike during the London session, it is indeed a bizarre day.
After a "missed" day, I always anticipate a price expansion within 36 hours. I am still bullish on Sterling hence I am still waiting and looking for a...
This is referring to initial AUDUSD plan (below)
RBA was less dovish than what the "market" expected. Technically, i was hoping the price would go up, which it did, and tap into chunks of buy orders. I am still bearish the Aussie in spite of that RBA statement. Even if his words had much more weight than just a spike reaction (in truth, it was an opportunity...
This updated plan in reference to this post :
Price has closed below Monday low and softly tapped the liquidity pool (marked in the chart). My bullish bias for USDCAD is weaker I have to admit (strictly based on technical analysis) but I will still look for LONG today until the charts tell me otherwise.
There is Home Sales data for the U.S and no risk events...
I don't need to do hindsight analysis/review of this pair (any pair really). I can say this though.. that stop hunt during a risk event? "experts" in the media claims the spike was a headline reaction . The fact that Sterling was BID literally 5 minutes before the confirmation of the supreme court it was claimed by the media experts that it's due to "buy the...
I think the market was pricing in the narrative pushed by Aramco that Saudi would only lose not more than 80 barrels per day a few hours after the price spike. Now even Saudi officials stated that it would take more time than what Aramco pushed into the media. Some experts claim that Saudi will lose more than 80 barrels per day and there will be a supply crisis in...
Sentiment/fundamental rationale tells me to look for short signals only this week. It is reported that the market is starting to price in RBA rate cuts on Oct 1st (81% as of now so plenty of moves to be had)
Technically it is very obvious, at least in an intraday context, AUDUSD have been trading lower and now in an intraday bearish trend.
Since I am bearish on...
Last week's range was approx 190 pips whilst the 20-week AWR was 275 pips. It was a "miss" hence I am anticipating a price expansion (weekly) probably hitting several pips more than next week's 20-week AWR , which probably be around 300-320 pips give or take.
My bias for GBPJPY is bullish hence I am looking at "support" levels to go Long. If price enters in the...
Last week's range was approx 100 pips whilst the 20-week AWR was 151 pips. It was a "miss" hence I am anticipating a price expansion (weekly) probably hitting 10% more than next week's 20-week AWR, which probably be around 160-170 pips give or take.
My bias for USDCAD is bullish hence I am looking at "support" levels to go Long. If price enters in the liquidity...
Last week's range was 118 pips whilst the 20-week Average Weekly Range (20-day AWR ) was 124 pips. I would consider it as a range hit
This upcoming week's 20-week Average Weekly Range is 124pips. My bias for this pair is bullish (I am bullish on USD across the board) hence I will be looking to LONG at dips and/or at a completion of a stop hunts/liquidity run at a...
I am bullish bias for this pair. My sentiment/fundamental analysis rationale to be bullish is the hawkish Fed's rate cut and the easing safe haven flow based on the US-China trade war and the potential "Oil War" provoked by Houthi's strike at Saudi two big oilfields.
My technical rational to be bullish is what I read from the daily chart (I am not sharing how I...
In terms of sentiment & fundamental analysis, last week and this coming week I have established a bias**. The bias is that I am moderately bearish on EURUSD (weak bearish) ECB is in quantitative easing mode whilst the Fed had done a hawkish interest rate cut.
**There will be a week when I do not have a fundamental/sentiment bias due to my limited knowledge on...
