USDCHF formed a bearish engulfing candle on Friday as President Trump tweeted about imposing further tariffs on China. The risk-off sentiment looks likely to continue this week with USDCHF gapping slightly on the open. We are looking to sell this pair in line with current market sentiment.
- Good risk-off opportunity as NZDUSD pullback after larger-than-expected rate cut by RBNZ - Kiwi to be pressured by trade war - In contrast to the RBNZ, the Fed was not as dovish as expected This week we saw the RBNZ delivering a 0.5% rate cut, 0.25% more than what the market had estimated, and said that rates might go into negative territory. The kiwi plunged...
Risk Off! After Trump's addition of tariffs on Friday, China has gone on the offensive by asking state buyers to halt US agricultural imports. We are sure to receive a response from the US soon enough. We expect further downside to AudJpy this week. Sell on a pullback to Friday's low.
Asian equity markets track declines in the US, earnings and trade concerns on the radar. Japanese equities underperform amid continued uncertainty related to Korea/Japan relations; Earnings-related concerns weigh on Canon Inc and AGC Netflix declines over 11% following earning/guidance We like continued downside today following this risk-off sentiment....
Have a look at the attached link below for the full analysis behind this trade setup ENTRY LEVEL: AT AROUND 1.01300 STOP LOSS: 0.99600 TAKE PROFIT: 1.03000 RR: 1:1 SHALL THERE BE ANY UPDATES I WILL UPDATE THEM IN THIS THREAD. CHEERS
Morning traders, Similar to our Euro versus Japanese Yen trade we are looking to get short US dollar against Swiss Franc on expectation of a risk off tone into next week from a combination of price action on equity indexes as well as what we have highlighted here on our trading view chart work. A combination of price action and trendlines is coming together to...
Waiting on Japanese session reaction to GBP pullback. (PatiencePays) If there is a breakout off the downward wedge (Long position) Take profit 1: 140.000 (Resistance & just below 50% Fibonacci Retracement) Take Profit 2: 142.650 (fibonacci Retracement 61%) Fundamentals affecting decision: Long Position positive news on trade war negotiations and continuation in...
Risk off is definitely the theme today. Asian stocks and U.S. futures tumbled on Trump’s Mexico tariff surprise, while reports of Beijing’s plan to restrict exports of rare earths to the U.S. if needed added to ongoing trade war angst globally. Data also showed China’s manufacturing sector slowed more than expected in May. JPY crosses have been sold...
Looking to the US stock markets we can see that the risk off sentiment continues. Price has recently broken the weekly lows and we should expect this to continue until the market shows otherwise. We could see this sentiment continue to the lows of 23560.00. If this happens we could see GOLD and JPY continue to rally. Keep an eye on the stock markets as they will...
After a softer day for the U.S. Dollar yesterday we saw risk-off assets catch a bid, one of those being gold. Since February highs at 1346.74, we have seen the safe haven asset sell off and make lower highs, which have formed the declining trendline (seen by the black dashed line). However, in recent days with the U.S. Dollar softening, Gold has found some...
The most recent break below 110.5 indicates that this sell-off towards the end of the Fiscal year is looking impulsive in nature. This is a result of combination of flows from Yen repatriation for the FY end and risk-off via Central Bank uncertainty, Brexit and Meuller (now cleared). Any pullbacks towards 110.2 and 110.5 should be considered corrective and...
Price has made a bearish engulfing off strong resistance at the 2860 region, breaking price back into the range. Will be watching for additional downside if price can find resistance at the 2815 region. More downside would cause "Risk Off" in the forex market leading to a stronger JPY & CHF..
=> Here we are isolating the Yen once more and expecting a worsening outlook of US assets to continue which will raise the prospect of asset repatriation out of the US. Whilst risk may be rebounding temporarily as the FED attempts a dovish shift, and US-China trade tensions are likely to continue de-escalating, USDJPY will still like remain on offer amid broader...
The blue lines represents the support and resistance levels drawn from the monthly charts. If the price breakouts of the triangle in either direction the support or resistance levels next to them needs to be broken decisively in order for the technical aspects to be in our favour of the trade. shall there be any updates i will post them in a new thread. this just...
After the flash crash we have continued to trade within a wide range. An important and very significant point is the recent euro strength after a dovish ECB is corrective following the completion of a large bearish triangle pattern. Support can be found at 124 and then 123.40. Below here would imply another top is in and add weight to the view that risk is...
To start the new year off the Eur/Jpy cross confidently broke through well defined horizontal support and an ascending trendline. The pair then moved down to a low of 123.529 the day before the Yen flash crash. After the flash crash the pair put in a timid rebound that has stalled just below previous support turned resistance and consolidated into a tight range...
Oh the crucial 1370 level that is preventing the yellow metal from going any further up. already tested more than 8 times in the monthly this barrier remains a concrete resistance for the yellow metal rally. Now looking at this, GOLD is most likely set to accelerate towards that crucial resistance again, but will it break it this time and rally northwards? it...