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EURCHF is over extended and overbought on stoch, MACD, RSI and other indicators.
It is at resistance levels also.
It has practically doubled the previous leg, and looks like a point where buyers will temporarily flee!
Looking forward to a continuation of the previous leg down.
Trying a short....
Waiting For A Rejection At Resistance with this short-term trade.
see notes: https://www.tradingview.com/chart/USDJPY/c31gLvze-SHORT-USDJPY-Fundamental-Technical/
Prepare to short USDJPY -0.02% or short right now in advance.
Prepare to short USDJPY or short right now in advance.
Its been months since I have been bearish the dollar versus the Yen because of its fundamental value. Economics can take a long time to kick in and it is almost humanly unbearable. I maintain a bearish outlook on USDJPY.
Trade wars have distorted the price action; however, a break below 110.25 will bring ...
Taking another opportunity to sell USDPLN:
(1) oversold stoch
(3) Negative RSI
Short-tern , intraday, trade...
Long-term we want to sell the US Dollar whenever a hort-term opportunity arises in the fundamental direction; well, at least, that is my trading style.
Still also bearish on USDJPY long-term.
Short-Term 62 pip trade in GBPUSD
(2) minor support
(3) oversold intraday on the 1 hour chart
This is a short-term trade that happens to line up with a fundamental direction; however, I will take partial profits around 62 pips, then hold and see if it rolls over into the medium-term,fundamental, direction.
Gold is oversold on larger time frames.
Gold has large negative candles with falling interest and activity; this hints to a sign of a divergence between sellers and buyers.
MACD is positive.
Stochastics and RSI is oversold.
I am fundamentally bearish the US Dollar.
It is worth a shot!
The Trade Wars have distorted the picture of the dollar, but it will not last long. The maximum, economically, this will last will be from now up to 6 months.
I think that given the prospects of the trade war era, a continuation will not be likely based on what I have been reading. However, if it continues, then the dollar will keep rising, but it should subside within 6-12 months. Buying here is worth a shot!
Some pairs, such as USDMXN have falling more than 3% over the past week, but the USDJPY pair is hesitant to fall do to several economic reasons.
While waiting for the USD bear market to resume, I have placed an order to buy USDSEK in the up direction. The most ideal stop would be placed under the previous daily low of support at 8.5700, but I don't want to stay ...
Looking beyond the chart:
EURSEK is poised to rally and it seems to be lining up with classic support and resistance; hence, I go long until we reach equilibrium.
Nothing is perfect and it may not work out.
Looking at the chart:
1) MACD is above the water line.
2) Stochastics are oversold.
3) RSI is at extremes.
4) Classic support and resistance
GBPCHF: Prep long @1.3200ish. Targets on chsrt
GBP (UK) and CHF(the Swiss) are slowly into a favorable contrast. Expectations in the UK by August are positive. I also took a long in GBPUSD. SNB's negative rate policy and intervention may prove to aid this exchange rate.
I am not as confident, but have a buy stop around 1.3200.
Technical: Direction of association is negative yet loose, but still clear.
Fundamental: Same as before. Long-term bearish USD and Bullish JPY.
Trade Wars, meh....
Nothing has changed from my earlier outlook on GBPNZD....