andrew.han

USDJPY: LONG 107.50 / 107.25 R25 > HOLDING BELOW CEILING LEVEL 108.50 > FOCUS ON USD CONTINUED STRENGTH, JPY WEAKNESS > AIR CURRENTS SUPPORTING HIGHER MOVES > VERTICAL SPEED NEEDS TO DROP AND THEN INCREASE TOWARDS 107.50 Subscribe AutoUFOs: www.tradewithufos.com Twitter: www.twitter.com YouTube Get Togethers:...

EURAUD: LONG 1.6045 / 1.6015 R30 > HOLDING ABOVE GROUND LEVEL 1.5900 > FOCUS ON EUR CONTINUED STRENGTH, AUD WEAKNESS > AIR CURRENTS SUPPORTING HIGHER MOVES > VERTICAL SPEED NEEDS TO DROP AND THEN INCREASE TOWARDS 1.6050

DXY | Strong | 100.00 – 96.50 - The FED looks to decrease interest rates in 2020 sending the Dollar lower last week and has since rebounded. Move towards 99.00 was seen in prior weeks. - US-China trade war continues to influence the markets. This has not stopped China from buying US Bonds. - Dollar has held under 99.00 since November 2018 and above the October...

EURUSD | Weak | 1.1450 – 1.1000 - ECB President Draghi’s stance suggests the need for stimulus requires only the status quo to persist, not that things get worse. A resumption of QE , for as early as Sep may be significantly EUR negative. In long term, EUR upside is possible on fading US fiscal stimulus and growth out-performance. - EUR failed to move above 1.1200...

GBPUSD | Weak | 1.3400 – 1.2000 - Prime Minister Boris Johnson is in the hot seat and needs to bring certainty to the markets on Brexit. - Brexit put downward pressure on GBP and uncertainty remains on its outcome. - GBP is supported above 1.2000. PM Johnson’s Brexit comments resonated with his European counterparts and has brought short term strength back into...

AUDUSD | Weak | 0.7200 – 0.6700 - The RBA reduced rates further to 0.75% commenting that support to the economy from fiscal stimulus is needed as future rate cuts may be less effective to encourage economic growth. - Employment expectations are looking to set 3% as the “new 5%” normally considered to represent full employment - Aussie spiked to 0.6675, recovered...

NZDUSD | Weak | 0.6800 – 0.6475 - The RBNZ cut rates to remain competitive and has put pressure on NZD. - Kiwi spiked to 0.6375 on an announced interest rate cut and remains weak. - 1st Key SELL area 0.6625/0.6600 R25 - need to see more evidence of buying before going Long

USDCAD | Weak CAD | 1.3650 – 1.3250 - The BOC was slightly dovish at the policy meeting and sounded relatively more concerned over downside risks to the outlook from global trade and growth uncertainties, which restrained the CAD. - BOC may not always follow the Fed in cutting rates, but may do so and is capping CAD strength. - CAD was supported at 1.3020 at is...

USDJPY | Strong JPY | 110.00 – 105.30 - The US designated China as a currency manipulator triggering funds flow into JPY for safety. - The equity markets have rebounded after falling sharply in prior weeks and JPY has continued to strengthen as Japan buys more US Bonds. A new low formed just above 104.50. -2ND Key SELL area 110.00/109.50 R50 -1ST Key SELL area...

USDCHF | Strong CHF | 1.0020 – 0.9650 - Geopolitical risks are elevated and has pushed funds into CHF, which may cause the SNB to intervene if it appreciates too rapidly. - Further rate cuts by the SNB may be needed and the SNB may even expand its balance sheet if necessary. Should Italy fears re-escalate, the SNB will remain “active in the FX market as...

USDSGD | Weak SGD | 1.3945 – 1.3450 - MAS is expected to slightly increase the slope of its policy band for the third consecutive time during its April meeting, with the economy holding up and core inflation nearing 2 per cent. - The SGD NEER was at 0.56% above the midpoint and is expected to trade between 0.4% to 0.9% above the mid-point, which implies a USDSGD...

AUDJPY: SHORT 72.50 / 72.35 R15 > HOLDING ABOVE GROUND LEVEL 71.00 > FOCUS ON JPY CONTINUED STRENGTH, AUD WEAKNESS > AIR CURRENTS SUPPORTING LOWER MOVES > VERTICAL SPEED NEEDS TO RISE AND THEN FALL TOWARDS 72.00

GBPUSD: 1ST: LONG 1.2275 / 1.2235 R40 T1.2660 2ND: LONG 1.2100 / 1.2040 R60 > HOLDING ABOVE GROUND LEVEL 1.2000 > FOCUS ON GBP CONTINUED STRENGTH, USD WEAKNESS > AIR CURRENTS ARE IN TRANSITION TOWARDS SUPPORTING HIGHER MOVES > VERTICAL SPEED PEAKING

AUDUSD: LONG 0.6825->0.6725 T 0.7000 > FOCUS ON AUD FOR STRENGTH FROM U.S.-CHINA TRADE WAR > AIR CURRENTS EXERTING DOWNWARD PRESSURE > VERTICAL SPEED INDICATES SLOWING UPWARD PRESSURE

AUDCAD: LONG 0.8950 / 0.8920 R30 > HOLDING ABOVE GROUND LEVEL 0.8900 > FOCUS ON CAD CONTINUED STRENGTH, AUD WEAKNESS > AIR CURRENTS SUPPORTING LOWER MOVES > VERTICAL SPEED NEEDS TO DROP FURTHER AND THEN INCREASE NEARER 0.8950 TO SLOW THE DESCENT

ETR: 9850 / 9525 R325

OANDA:GBPUSD TREND: UP CONTINUATION ETR: 1.2275/1.2235 R40 TGT: 1.2660

OANDA:GBPCHF TREND: UP CONTINUATION ETR: 1.2265 / 1.2200 R65 TGT: 1.2500