AD4499

AD4499

This is a rate rise Idea but overall I am short on this pair for many fundamental reasons. The top red line is a pattern that it was stuck in before the previous NFP and it seemed to respect this line this week so i think anytime if any is a good long opportunity especially if there is a spike in USD after the rate decision. If the market ensues USD buying this is...

AD4499

Last week I shorted this pair at 1.083 and I hope and pray for a corrective movement to add because on the chart a corrective movement just looks to be capped quickly with no real level of support until the 1.05 handle . This is a good trade because until the market decides NZD fate and selling pressure on rate cut or buying pressure via macro positive data. The...

AD4499

I should have posted this last week . Sorry guys.I have been shorting this pair for awhile and as it rejects its bullish trend line and MA then i add to it. i think with fresh pound selling the pair really falls out and with the equity markets looking very short I would look to short this pair on Yen strength. After the rate decision for USD the known factor is...

AD4499

I have been adding to the position since I shorted this pair at 134.1 and i think that it will hit support and fall further at 131.8 or so. But until then without an hourly close above 133.2 this pair remains short to me. Yen still relatively strong.

AD4499

I posted a weekly chart because I see a lot of bullish charts for EUR/USD and i think it is just odd to see this bias. The Euro buying was in the crosses and then forced this pair up. But trade what you see and the PA on the weekly chart says clearly without a weekly close above 1.105 then the pair is bearish clearly. Ask yourself that if you were a major bank and...

AD4499

Okay we all know that the Fed plans to raise rates Wednesday and barring something unforeseen to happen then this is a positive sign for USD. What we do not know is how the market will react to how fast the next rise will happen. That is not our job to speculate, trade the PA. and on the daily charts without a 1.53 daily close this makes GBP/USD very short from...

AD4499 Updated 

The recent rate decision and PA suggest that NZD rate cut is not priced in. therefore, with the nice support base from 20MA and 50 MA weekly leves shows great upside. on the downside if no rate cut happens this pair is establishing a falling knife and would be a relatively profitable short on the break of the 1.57 level. Either way decision-time is clear for NZD.

AD4499

Resistance base on the weekly at 134.1 and another push to that level I will short this pair. JPY strength right around the corner and this pair offers great risk risk to reward ratio. Given the Buy rumor sell the fact mode the market is displaying investors more likely will long JPY in a risk aversion play.