Buy Limit @ 107.55
Protective Stop Loss @ 107.30
Take Profit @ 108.25
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 1h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry...
EURAUD: LONG 1.6045 / 1.6015 R30
> HOLDING ABOVE GROUND LEVEL 1.5900
> FOCUS ON EUR CONTINUED STRENGTH, AUD WEAKNESS
> AIR CURRENTS SUPPORTING HIGHER MOVES
> VERTICAL SPEED NEEDS TO DROP AND THEN INCREASE TOWARDS 1.6050
Buy Limit @ 1.6295
Protective Stop Loss @ 1.6245
Take Profit @ 1.6345
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 3h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry...
Buy Limit @ 1.6295
Protective Stop Loss @ 1.6245
Take Profit @ 1.6345
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 3h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry...
Execution:
Sell Limit @ 1.6435
Protective Stop Loss @ 1.6420
Take Profit @ 1.6245
Rationale:
Sell Un-Filled Orders (Red UFO ) available in the 4h time-frame
Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the...
Execution:
Sell Limit @ 1.6435
Protective Stop Loss @ 1.6420
Take Profit @ 1.6245
Rationale:
Sell Un-Filled Orders (Red UFO ) available in the 4h time-frame
Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the...
Buy Limit @ 0.8900
Protective Stop Loss @ 0.8875
Take Profit @ 0.8950
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 3h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry...
Buy Limit @ 0.8900
Protective Stop Loss @ 0.8875
Take Profit @ 0.8950
Rationale:
Buy Un-Filled Orders (Green UFO ) available in the 3h time-frame
Sell Un-Filled Orders (Red UFO ) further above allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry...
DXY | Strong | 100.00 – 96.50
- The FED looks to decrease interest rates in 2020 sending the Dollar lower last week and has since rebounded. Move towards 99.00 was seen in prior weeks.
- US-China trade war continues to influence the markets. This has not stopped China from buying US Bonds.
- Dollar has held under 99.00 since November 2018 and above the October...
EURUSD | Weak | 1.1450 – 1.1000
- ECB President Draghi’s stance suggests the need for stimulus requires only the status quo to persist, not that things get worse. A resumption of QE , for as early as Sep may be significantly EUR negative. In long term, EUR upside is possible on fading US fiscal stimulus and growth out-performance.
- EUR failed to move above 1.1200...
GBPUSD | Weak | 1.3400 – 1.2000
- Prime Minister Boris Johnson is in the hot seat and needs to bring certainty to the markets on Brexit.
- Brexit put downward pressure on GBP and uncertainty remains on its outcome.
- GBP is supported above 1.2000. PM Johnson’s Brexit comments resonated with his European counterparts and has brought short term strength back into...
AUDUSD | Weak | 0.7200 – 0.6700
- The RBA reduced rates further to 0.75% commenting that support to the economy from fiscal stimulus is needed as future rate cuts may be less effective to encourage economic growth.
- Employment expectations are looking to set 3% as the “new 5%” normally considered to represent full employment
- Aussie spiked to 0.6675, recovered...
NZDUSD | Weak | 0.6800 – 0.6475
- The RBNZ cut rates to remain competitive and has put pressure on NZD.
- Kiwi spiked to 0.6375 on an announced interest rate cut and remains weak.
- 1st Key SELL area 0.6625/0.6600 R25
- need to see more evidence of buying before going Long
USDCAD | Weak CAD | 1.3650 – 1.3250
- The BOC was slightly dovish at the policy meeting and sounded relatively more concerned over downside risks to the outlook from global trade and growth uncertainties, which restrained the CAD.
- BOC may not always follow the Fed in cutting rates, but may do so and is capping CAD strength.
- CAD was supported at 1.3020 at is...
USDJPY | Strong JPY | 110.00 – 105.30
- The US designated China as a currency manipulator triggering funds flow into JPY for safety.
- The equity markets have rebounded after falling sharply in prior weeks and JPY has continued to strengthen as Japan buys more US Bonds. A new low formed just above 104.50.
-2ND Key SELL area 110.00/109.50 R50
-1ST Key SELL area...
USDCHF | Strong CHF | 1.0020 – 0.9650
- Geopolitical risks are elevated and has pushed funds into CHF, which may cause the SNB to intervene if it appreciates too rapidly.
- Further rate cuts by the SNB may be needed and the SNB may even expand its balance sheet if necessary. Should Italy fears re-escalate, the SNB will remain “active in the FX market as...
USDSGD | Weak SGD | 1.3945 – 1.3450
- MAS is expected to slightly increase the slope of its policy band for the third consecutive time during its April meeting, with the economy holding up and core inflation nearing 2 per cent.
- The SGD NEER was at 0.56% above the midpoint and is expected to trade between 0.4% to 0.9% above the mid-point, which implies a USDSGD...
AUDJPY: SHORT 72.50 / 72.35 R15
> HOLDING ABOVE GROUND LEVEL 71.00
> FOCUS ON JPY CONTINUED STRENGTH, AUD WEAKNESS
> AIR CURRENTS SUPPORTING LOWER MOVES
> VERTICAL SPEED NEEDS TO RISE AND THEN FALL TOWARDS 72.00
![EURAUD: EURAUD: LONG OPPORTUNITY [4H]](https://s3.tradingview.com/q/QHXYYjSR_mid.png "EURAUD: LONG OPPORTUNITY [4H]")
![DXY: DXY: LONG [D] [10/07]](https://s3.tradingview.com/z/ZPVHHrtd_mid.png "DXY: LONG [D] [10/07]")
![EURUSD: EURUSD: SHORT [D] [10/07]](https://s3.tradingview.com/5/5qmRsC96_mid.png "EURUSD: SHORT [D] [10/07]")
![GBPUSD: GBPUSD: LONG [D] [10/07]](https://s3.tradingview.com/b/bWNbwENl_mid.png "GBPUSD: LONG [D] [10/07]")
![AUDUSD: AUDUSD: LONG [D] [10/07]](https://s3.tradingview.com/3/3bOViCxC_mid.png "AUDUSD: LONG [D] [10/07]")
![NZDUSD: NZDUSD: LONG [D] [10/07]](https://s3.tradingview.com/j/jBJX5axa_mid.png "NZDUSD: LONG [D] [10/07]")
![USDCAD: USDCAD: SHORT [D] [10/07]](https://s3.tradingview.com/f/FUM8qIb2_mid.png "USDCAD: SHORT [D] [10/07]")
![USDJPY: USDJPY: SHORT [D] [10/07]](https://s3.tradingview.com/s/sIbzw6Oc_mid.png "USDJPY: SHORT [D] [10/07]")
![USDCHF: USDCHF: SHORT [D] [10/07]](https://s3.tradingview.com/d/D0CPtw0V_mid.png "USDCHF: SHORT [D] [10/07]")
![USDSGD: USDSGD: SHORT [D] [10/07]](https://s3.tradingview.com/u/uG4uMgKt_mid.png "USDSGD: SHORT [D] [10/07]")
![AUDJPY: AUDJPY: SHORT OPPORTUNITY [4H]](https://s3.tradingview.com/n/NA3a3pbd_mid.png "AUDJPY: SHORT OPPORTUNITY [4H]")