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Trying GBPJPY lower here. Overall the GBP narrative has worsened recently, there is worsening UK economic data and also worries that further hikes form the BoE will result in a uk recession. The GBP CPI dat this week is likely to surprise to the upside which i think will make things worse as it will strengthen staglfation worries. The BoE is also in a tough spot...

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I think AUDUSD moves higher from here. We've had some potential breakouts here from copper and gold is looking a little better, both of which should help the pair move higher. sentiment is extremely low along with extreme AUD shorts and extreme daily RSI reading below 30, all of which are usually good indicators of bottoms. I think we've reached peak fears for...

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Trying NZDUSD higher here. Overall i think that the USD narrative is weakening on weaker US data recently. We saw some weaker US labour data and i believe US ISM service PMI data will come out weaker this week as well. The China narrative i think could be changing, we've seem a lot of stimulus news the past week or two and china stocks are moving higher....

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Trying EURNZD lower here. With the EUR narrative taking a hit for a while now on weak economic data and a more dovish ECB, combined with extreme EUR longs i think EURNZD lower makes sense short term. commodities are doing better, i think china worries are peaking and rate differentials are moving lower. We also have a nice shooting star on the daily chart as...

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Trying EURCAD lower here. We're currently in a triangle which i think could break to the downside. I don't think the narrative supports EURCAD higher. The CAD narrative is continuing to perform well on a relatively hawkish BoC, strong inflation data in Canada and good economic activity. Looking at the EUR we have weak economic data, an ECB that is turning dovish...

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Trying GBPCAD lower here. Couple of reasons for the idea. Firstly looking at the narrative it seems to have changed in CAD favour. The GBP narrative is a little worse since the lower UK inflation data and the PMI dat this week didn't help much either. Meanwhile the CAD narrative seems pretty stable on a relatively hawkish BoC and a good economy. This along with...

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Trying EURNZD lower here. I think the narrative changing for the EUR is starting to affect positioning and we could see some people coming out of their EUR longs. The longs have been built on a hawkish ECB so far which i think could change. We're reaching the peak of ECB rates soon and EUR data has recently surprised to the downside quite a lot, including today....

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I think GBPJPY could move lower. The GBP narrative took a fairly big hit last week with UK CPI falling lower than expected. This led to people pricing out some of the expected rate hikes from the BoE. I've seen some people thinking that the BoE is too priced and the UK CPI data last week helps with that. There are also some concerns about the UK economy going...

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I think EURUSD moves down this week. We seems to have broken the uptrend and could be starting a move lower. The EUR narrative continues to worsen with EUR data coming in worse, the narrative keeping EURUSD higher right now is a hawkish ECB and a dovish fed. While i think this still makes sense also think as data continues to come in soft for the EUR we will...

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Trying EURGBP lower here. We seem to still be following the moving averages down, nice double top above to let us know when we are wrong as well. The narrative to me see to still suggest lower. IFO data came in worse than expected earlier and i expect this to continue, HICP data is coming out later this week and i expect this to continue to push lower as well....

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Trying EURCAD lower here. We seem to be forming a bearish flag on the chart. Narrative seems to still support a move to the downside, the recent rise has been due to the ECB being more resolute on hiking rates than the market expected but i think with inflation continuing to come off fairly strongly and EU economic data still coming in worse than expected we...

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Trying CADCHF higher here. We've recently broken out of the 100 DMA which has been a good indicator of trend for a while. I think the narrative has changed, CAD is doing well with a hawkish BoC and a good economy while i think that the SNB could disappoint on Thursday. CHF has been bought for a while on the basis of global growth worries which i think subsided a...

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Trying USDCAD higher here. We've broken out of the 50/100 HMA that defined the recent downward trend, we are also at a number of support areas. Overall i don't think the narrative has changed enough to justify USDCAD making a new low this year, the CAD narrative is good with a hawkish BoC and good CAD data but with the lately hike i think they are sufficiently...

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Trying EURNZD lower. Narrative for the EUR has changed somewhat, while we still have a relatively hawkish ECB we also have falling EU inflation and worsening EU data. the ECB meeting also i imagine makes a lot of the longs in the EUR a little nervous given the way data has been coming out. NZD still has a rate advantage and with china performing better i think it...

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Trying EURAUD short here into the RBA meeting. I think the RBA meeting is underpriced for a potential hike. AUD CPI rose last month and is sitting at 6.8% and we also had minimun wage increase news last week as well. Based on their last meeting the RBA seem to be quite focused on lowering inflation. Meanwhile EUR inflation seems to be falling and with EUR data...

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Trying EURJPY short here. The HMA's are suggesting we're entering a down period again. The EUR narrative has lost a lot of steam with weaker EUR data and falling inflation. We have Germany HICP today which is also likely to drop further based on how inflation numbers have been coming out from Europe so far this week. This should mean a continued fall in EUR...

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trying EURCAD lower here. seem to be forming a flag pattern which i think could break to the downside. narrative wise the EUR is not doing great at the moment, data is coming in worse than expected and inflation seems to be dropping. German HICP is coming out later today and people are expecting it to be low as well. The CAD narrative is doing fine, people are...

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Trying GBPAUD lower here. the RBA just hiked rates which was quite unexpected by the market, i think this now puts into question the moves higher in GBPAUD given we have moved higher since the beginning of february on a policy divergence which is now not so clear cut. Wit the china reopening narrative in the background as well i think we could see a decent move...