This trade falls in line with my thesis of a rise in commodity prices helping strengthen their currency Now the Cad has been strong against the USD ever since the dollars impossible run up. Whats next? if we continue to subscribe to the fact that consumer currencies will be depressed for the next 3 - 6 months. Then if that is the case could we see a push lower to...
So lets focus on immediate price area of of 1.875 and 1.85 We continue to be withing the 1 standard deviation price zone after price has attempted to break into the grey area above representing 13.8% of price action we will see this quarter. Price has bounced from our volatility box seemingly confirming lower prices ahead with the drop off that was witnessed...
Coming into this week we have an upside risk to the GBP, over the last 2 weeks we have seen a run down in price and have Hit a volatility zone at 2.00. Volatility box: A zone on +/- 50 pips where price can move freely outside the zone until conformation higher or lower At this time we are looking to see do we get a conformation of 2.00 out of the volatility box...
correlations haven't broken yet Long EUR/USD-JPY looks to be confirmed lets check precious metals
so the correlations are all correct to take a bullish trade EUR long short JPY and short USD the only thing i would watch out for is the dollar breaks higher because 1. the other countries economic situation takes a down turn 2. US stocks drops.... thats the bad side of the trade the good side of the trade is that countries are trying to move away from the dollar.
looks like the EUR/JPY and EUR/USD chart are doing a synchronized move upwards will look at the negative correlated charts to see if they have reversed also
This zone has been used since 03 as a major zone to buy at with it trending upwards could this give us new highs above the 2019 high in 2020 ?
in at .90 cents i believe we can see some appreciation in this pair before the longer term trend comes back into play to set the stage we were expecting cad bulls to show their head because of oil shocks but it hasn't come through so now were looking towards the Aussies situation to look a lil better
We are back at 2016 2017 lows from here many traders are willing to go long, this is the wrong move to make. We have different forces on the economy that exist in a totally different environment, CB all over the world are cutting interest rates trying to make their dollar cheaper and with a global recession the focus is how to bring it back and their only way they...
Today we have good set ups for many trades this is another one I spotted noted my ideas on the chart and am currently in a position
so based on trading the price action we have a situation where we have price above -4 standard deviation in a down trending market looking for min of 250 pip within the next week before I plan on exiting the trade
so based on trading the price action we have a situation where we have price above -4 standard deviation in a down trending market looking for min of 250 pip within the next week before I plan on exiting the trade
as good as that uptrend looked it was temporary big money to the downside entry at 1.05 exit bout 1.02 everyone have a good week and understand fundamentally we are in a currency devaluation period
#USDCAD chart via www.tradingview.com This is what happens when you don't purchase at the right time I jumped ahead of the curve got in at a bad price and eventually took a $13 loss #Forex
with the fed's cutting rates and with further rate cuts bound to happen I am looking for the USD to weaken come the next few weeks as lower interest rates weaken currencies. Expect a short term bounce in the NZD as they are weakening their interest rates also, So short term bullish and the shaded line while long term bearish. At this point, I will be taking...
Right now we are within a Monthly candle wick that will end today our august trend should be bearish as the NZD currency is tied very closely to AUD and China economies I suspect we will have a bounce at 0.65 and continual pressure downwards
since jul 12 we have been caught in a rang pattern or an accumulation phase from here we can see that positions are being accumulated for a big sustained move. If a breakout to the upside occurs we should watch the 1.47 price point for a strong reversal back down as that is the quarter-point in an overall daily downtrend
Coming up I would expect a further drop in OANDA:AUDCHF Aussie, economy is one of the weakest ones at the moment a failure of the 0.68 price point opens the way to support at 0.67 price target where the short term trend can revers while keeping an overall short bias