In this video update, we take a look at the Swiss Franc and the potential for this currency to continue to weaken.
The commitment of trader reports highlighted a significant increase to short contracts on the swiss franc adding weight to
the current sell-off we are seeing. We will look to sell the weaker currency against stronger counterparts such as the USD.
Buying at market price 0.65437 with
# SL below the pin bar @ 0.65108 and
# TP at previous swing high @ 0.66148
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In this video update, we take a look at NZDCHF as price hit targets on this trade this morning.
Price has now completed the inverse head and shoulders pattern and could continue up into the
weekly lows as kiwi continues to strengthen.
NZDCHF looks to be forming an inverse head and shoulder pattern at a monthly demand zone.
Price on the monthly chart suggests we could be seeing a higher low and that higher prices
could be likely. The CHF is getting weaker of recent and could continue here.
The ECB Forum is currently meeting and the Euro is looking under pressure. Tomorrow we have the FOMC interest rate decision so between them we could see some movement on the Dollar index and EURUSD. I suspect the Dollar is going to hang around it's current range for some time to come. Yen continues to strengthen as does the Swiss Franc. Pound short Aussie short...
In this video update, we take a look at the currency pairs high on our watchlist.
We have previously looked at the New Zealand Dollar as we are expecting to see some
strength from the currency. We take a look at NZDUSD, EURNZD, NZDCHF, and NZDJPY.
Despite the bad situation with Swiss retail sales, national GDP for the first quarter rose by +0,6% quarter on quarter and by +1,7% year on year. Swiss Federal Statistical Office stated: “Private consumption (+0.4%) saw slightly above-average growth for the first time in six quarters. Consumption expenditures increased in almost all segments and most significantly...
In this video I show you how to perform a Daily --> 4H --> 2H top-down analysis, mark up a chart and come up with a trading scenario.
Do not make it too complicated. Look for levels that are close by, draw support/resistance, look for impulsive supply/demand and identify trade trigger entries.
Keep it simple!