---------AUDUSD LONG--------- I just went long on AUDUSD currency pair. I think when everybody is expecting more downside for AUD and more upside for USD now it the time to prepare for longer correction. Main trend is down however I expect this to correct a bit to around 0.65 levels. We will see. This is not a financial advice, do your own analysis and research!
---------CADJPY SHORT--------- I detected a nice trade opportunity on CADJPY pair. It can be a longer correction or a reversal from here. JPY pairs are so oversold that anytime a pullback can happen. I see that this pair is the most vulnerable among yen pairs so I picked this one to go short. Shorting other yen pairs can be also profitable. Trade with care! This...
---------USDCHF sideways--------- After an intense movement to the upside USDCHF pair needs to regain buyers support to continue its way up. Until then I expect some sideway correction. The course can be retracted back to monthly level (red line). Main trend is up, don't forget it! And it will continue sooner or later. I would wait until the correction is over to...
-----------EURCHF SHORT----------- After many days of sideways movement EURCHF currency pair has broken out from a consolidation area and now it faced a very tough resistance area and a trendline from the major downtrend. I think there is room for more correction to the downside at the moment at least if not a reversal and a downtrend continuation. We will see,...
----------AUDCHF LONG----------- While everybody is looking for short trading on AUDCHF I see more room to the upside. I am not convinced we are witnessing a reversal at the moment however I do think the curve has some upside potential. Given the fact that this pair has been tanking for the past months and years a reversal can happen anytime. But since we are...
----------EURAUD SHORT-------- So it seems like price reached my area of short trigger and I went short on this pair. I think there is room to 1.6400 level or even beyond. Not a financial advise! Do your own analysis!
----------OIL TO CORRECT TO THE DOWNSIDE-------- Trading is not like fairy tail Jack and the beanstalk. Price does not move like a straight line. At least most of the time it doesn't. Instead it moves wave by wave with shorter and longer corrections until it finally finds a point from where it cannot proceed any further and reversal happens. In case of US WTI oil...
----------EURAUD SHORT---------- EUR and GBP currencies seem to be getting weaker recently after a longer overperformance over commodity currencies like CAD, AUD, NZD in the past few months. So at least a correction is imminent. I see this on the weekly and daily charts. The question is how long will this correction last or is this already over? I think we still...
---------SHORT EURCAD AFTER CORRECTION--------- CAD is performing better than EUR at the moment in the longer run so I expect more downside move to 1.43 at least after a short correction. If I see a weak correction I might take a short trade on this.
--------SHORT TERMS CORRECTION--------- Although I am not bullish on EURUSD yet but it needs to correct until FED interest rate decision on Wednesday. I see clear path to the North now. But be aware of FOMC press release after the interest rate decision! New low is possible, I don't see any evidence of reversal.
If you like to trade exotics or Eastern EU currencies like CZK, PLN, HUF I would like to highlight the possibility of future weekness of these currencies. At the moment HUF is strengthening while the other two suffer from selling pressure. I think this is only periodical and due to only the higher interest rate of HUF but this is barely sustainable, central bank...
According to my analysis and view it seems like GBPUSD is about to make correction at least if not reversal. I went long now. No risk no reward :)
USDCAD reached a channel from where I expect a correction to 1.35 or even lower. Time will tell, however I will pull my stop to breakeven once price hits 1.35 or book partial or entire profit.
I went long on AUDCAD currency pair looking for further upside movement. Risk to Reward ratio is kind of good in this setup. Trade safe and do not trust anyone, make your own research and let only market convince you. Take care.
It looks like we will experience some AUD strenght against the JPY. I am bullish at the moment and have taken a trade at 93.79. Target can be various however I have a feeling that price will retest former highs.