StephenCAPM

StephenCAPM Updated 

EURNZD Bull Flag forming on the daily chart. Looking at yields - German bunds - 10y, 5y, and 2y are increasing. This should put pressure on the EUR for more upside. There is a lot of bearish risk associated with the EUR however pairing the EUR versus the NZD which is more sensitive to USD and Equity pressure. With inflation at all times high in the US -...

StephenCAPM

Going long on a blue channel support - similar Fractal to when the Delta Variant hit the market (in Orange). This will be a swing trade that will potentially last 2-3 weeks - going long for a target of 4750.

StephenCAPM Updated 

Entering into a tactical short position on USDCAD. This is a pure position play, medium to long term I am bullish the USD, however I believe CAD is in oversold territory. USD is on a rip right now due to Powell pivot which the USD should be supported by US yield vs bond differentials. CAD positioning is in oversold territory ever since the last Bank of Canada rate...

StephenCAPM Updated 

Entered a EUR/NZD short position @ 1.65296 Market sentiment is still shaky and will be volatile the next couple days with unknown doubts related to the upcoming COVID variant Omicron. I am still bearish on AUD/CHF regarding my previous analysis and although AUD and NZD tend to correlate well with each other, I am bullish on NZD given the recent monetary policy...

StephenCAPM Updated 

Entering in a AUDCHF Short position on the Daily time frame @ 0.66965 Technical perspective - Daily time frame, head and shoulders with a break lower on the neck line and also a nice trend line break shown in blue Fundamental key news - New delta variant in South Africa + request for China DiDi to de-list from US stock exchange is both bad news for AUD currency....