Price appears to be in a down trend starting around 1.60000 and falling until 1.05000 finding support price retraced making a 0.382 fibonacci retracemnt while price has continued falling. If trend continues I could see price making new lows below the previous support of around 1.05000.
I will be longing USDCHF due to the interest rate differential between USD & CHF. I think that the CHF will be a good currency to short due to their interest rate of -.75% I paired the CHF with the USD which has a 1.25% interest rate. I will be looking for fundamentals to support a weakening CHF while I hope to see fundamentals signaling a stronger USD. I'll be...
I will be shorting AUDCAD due to the interest rate differential between AUD & CAD. I think that the AUD will be a good currency to short due to their interest rate of 1.25% I paired the AUD with the CAD which has a 1.75% interest rate. I will be looking for fundamentals to support a weakening AUD while I hope to see fundamentals signaling a stronger CAD. I'll be...
Looking at AUDCHF, I have a bearish view on AUD. However, I am not sure if price will break through 0.66666 and move lower towards 0.65366 or if price will respect and bounce off off 0.66666 towards 0.68249 before a bearish movement happens. What're your thoughts.
I believe that the GBP will strengthen over the USD however with price coming below the 1.23 area I could potentially see myself being short on the GBP and being bearish until around 1.20 which is around were I would consider going long again since I do believe in a strong GBP against USD
My bias gbpxxx up long until around 1.80000
My bias gbpxxx up long until around 160.00
My bias gbpxxx up Long until about 2.00000
My bias gbpxxx up long until around 2.00000
My bias xxxgbp down Short until around 0.75000
My bias gbpxxx long until around 1.90000
Going short between 50 and 100 pips depending on how quickly the pair moves would prefer to get out of the trade before market close Friday.