Hemidrachm

Hemidrachm

I am definitely long Euro for mid- long term. The EU with all its problems have much better social systems in place than the USA which will help them to faster recover from the Covid pandemic. Unemployment numbers did not even close skyrocket as much in the EU as they did in the US and it does not seem the lost jobs in the US will come back soon. And if they do,...

Hemidrachm

With USA / China tensions still increasing and Chinas clamping down on HK, it is likely that there might be a pause in the raising AUD. I will wait for the reaction when price is touching the ascending daily channel and decide based on price action.

Hemidrachm

NZDCHF is trading in a channel since March 23. NZD is strongly related to AUD prices, with China ramping up production again and easing lockdowns, there might be a chance for moderate gains in AUD which will also strengthen NZD. However recent news regarding Corona Virus worldwide seem to have a stronger sentiment to the downside, therefore i will wait for a...

Hemidrachm

CADCHF is trading in a channel since March 10 with a fake breakout on March 19. CAD is heavily related to Oil prices, as soon as Oil finds its bottom CAD should rise again. However recent news regarding Corona Virus and Oil prices seem to have a stronger sentiment to the downside, nevertheless i believe there is some 'long' potential if the channel support holds...

Hemidrachm

Downsize risk for short medium term: - AUD weakens further due to virus fears - AUD heavily dependent on China economy further slowdown would weaken AUD even more. - Trader sentiment is still short - Markets start falling again would push more into save heaven CHF. However it seems that the recent weakening AUD was a bit of an overreaction. And even with...

Hemidrachm

NZDCHF possible Swing Trade entry? Downsize risk short, medium term: - RZB with additional rate cuts (very likely) - NZD weakens further due to virus fears - NZD is a risk sensitive asset - Trader sentiment is still short - Markets start falling again would push more into save heaven CHF However it seems that the economic fundamentals remain reasonably strong....