Riding the bearish price action being played out in the weekly and daily chart, coupled with the news about Syria attack that pushed down the dollar further, while the loonie is being boosted by the likelihood of having a successful outcome in NAFTA negotiations and rising oil price. Setting up short stop order to catch a possible breakout @1.25523 in the hourly...
With the recent events in Syria, US crude oil inventories being reported lower than expected, and top it off OPEC's effort in cutting production together with Russia until December this year (previously only up to June 2018), as well as breaking the 65 resistance (as shown in the Daily Chart below), setting a limit buy order with TP @70-80 and tight SL @66.5...
Pair seems to be starting to form a head and shoulders pattern on the weekly chart. With disappointing CPI and Average Earnings news this week, and risks in Syria which makes safe haven assets like Yen more appealing, GBPJPY is more likely to consolidate in the near future instead, if not drop all the way down to 146-148. This is despite expectations on BoE rate...
Given the strong bullish sentiment on GBP recently despite a slight uncertainty regarding BoE's rate hike on May, and bearish sentiment on AUD mainly due to the trade war happening between US and China, setting up a buy stop order near 1.85 with TP @1.90 and tight SL near last Friday's low @1.82. www.poundsterlinglive.com www.fxstreet.com Daily: Weekly: ...
This pair is more likely to go ranging this week, but by next week, I'm looking forward to its drop considering the increasing appeal of risk haven assets like JPY and gold recently after the news about US and China trade war. Shorting this pair with 1st TP at around 103 and 2nd TP at 100, while SL at last week's high...
Continues to ride this pair's bearish trend considering the recent trade war between US and China affecting AUD, and with it still losing its yield advantage vs USD because no plans of rate hike in the future and follow ECB and the Fed. Shorting this pair with TP near 1.04345 (support based on weekly chart) and a tight SL near 1.07. www.dailyfx.com Daily: ...
Riding the bullish sentiment on AUD in COT report along with its rally last week after some good news regarding its better than expected trade balance as well as China's CPI, and Australia getting exempted too from steel tariffs imposed by Trump (like Canada and Mexico). Must monitor CHF and EUR closely though because any signs of rally soon might make this pair...
With AUD rallying since last week (see AUDCHF Long idea), and JPY not ending its QE anytime soon (at least until 2019), riding the possible upward bounce for this pair with buy stop order near 85, with TP @88 (near weekly resistance) and SL near previous day's support @83.6. portfolio-adviser.com www.businessinsider.com.au www.businessinsider.com.au Daily: ...
With the disappointing retail sales which casts doubt on whether BoC will push with the rate hike in the early half this year, while JPY has still the appeal for the risk averse especially US Fed rate hike might already be priced in, still bearish on this pair. I regret closing my earlier positions last week, should have hold and then just added now instead, with...
With disappointing news about CAD retail sales earlier and oil continues to fall, while NZD's TPP deal is expected to boost New Zealand's GDP growth, riding the current bullish trend for this pair, with TP near 95 and SL between R1 and base pivot lines (H1). www.poundsterlinglive.com www.reuters.com news.torfx.com Daily: Weekly: Confidence: A (but...
Continue to ride last week's bearish trend, with TPs @54 (base pivot line in weekly chart) and @50, while SL at latest daily high @61. www.cnbc.com www.reuters.com Daily: Weekly: Confidence: B (to account for geopolitical risks esp about Venezuela)
Riding this pair's recent bearish trend as well in relation to both oil and CAD dropping recently, but must watch out for any signs of JPY weakness. Weekly chart shows that this pair is ranging, so there's risk of getting whipsawed. Setting up sell stop order few pips below 86 with TP between 84.5 and 85 and SL @86.6. Daily: Weekly: Confidence: C...
Riding the recent bearish trend in Oil because despite OPEC's supply cut, countries like US continue to produce more and it's supported by Trump's effort to expand drilling further. Setting up sell stop order a few pips below 60 with TP @55 and SL near 63. www.cnbc.com www.reuters.com Daily: Weekly: Confidence: C (depends on whether USD will continue...
If the stock market slump continues, this pair will more likely go down further especially it has started to form a head and shoulders pattern in the daily chart. Setting up sell stop order @1316 with TP @1300 and SL near latest daily high @1325. Must be careful though because this pair is sensitive to US Fed news, and looking at the weekly chart, there's still a...
Just riding its current bearish trend and mirroring my logic in XAUUSD, however must monitor this closely because it's ranging in weekly chart and high chances of getting whipsawed. Setting up sell stop order @16.3 with TP @16 and SL near current daily high around 16.4. Daily: Weekly: Confidence: C (because of more volatility compared to XAUUSD)
Riding the bullish oil and CAD lately. Setting up sell stop order few pips below S1 with TP @1.47 and SL between S1 and base pivot lines. Daily: Weekly: Confidence: B (because of geopolitical risks related to oil)
Continue to go bullish on oil in light with recent geopolitical risks supporting its rise. Setting up another buy stop with TP near 66 and SL near 63. www.wsj.com Daily: Weekly: Confidence: B (because of unpredictability in geopolitical risks)
Geopolitical risks driving oil price up at the start of 2018 may cause this pair to have a breakout and at least reach 0.80 except if a correction happens soon. Setting up buy stop with TP near 0.8 and SL between R1 and base pivot points. oilprice.com www.cnbc.com Daily: Weekly: Confidence: B (because of unpredictable geopolitical risks that cause volatility)