COT of AUD is net negative while COT for CAD is net positive.
AUDCAD broke multiple year low. Price retraced to this level now as a resistance.
A with the trend short base on technicals and fundamentals.
Nasdaq had some aggressive selling versus S&P500 and Dow Jones. This could be partly that people are selling into higher risk stocks (in nasdaq) and buying into value stocks in S&P500 and Dow Jones.
Using OANDA:NAS100USD as a proxy, there was a sell at 7870. Now this trade is profitable at 140 points.
We are predicting that OANDA:NAS100USD will continue to fall...
Pending week close, if Strait Times Index (TVC:STI) is below 3140, that probably firm up that the index is heading lower towards 3050 support.
Short term bias for STI is bearish, with support at 3050-3075.
If this level fails, then we are talking about a big bearish move going forward.
Singapore Strait Times Index (STI) is still bearish with failure to break/close above important high.
End of Sep concludes the end of 3rd quarter trading.
If STI is going to close below 3200, this shows that STI is closing low towards the quarter.
Targeting 2800 as a strong support.
Rotations. That's why market is currently all about.
Some flows into GBPUSD long as GBPUSD has some support near to 1.2950.
I'm going long in Copy our Robots for a quick trade towards 1.3070 as immediate resistance.
In Tflow term, this is a big move.
Gold support at 1220. Current resistance at 1235.
If price can close above 1235, then we can see Gold heading towards 1280.
This trade is a trade placed in Copy our Robots.
Get ready for a GBPJPY sell as price reject top of equidistant channel.
Key resistance around 148.10.
This trade, along with other GBP trade, will be traded in Copy our Robot.
For past 2 months, Copy our Robot is up about 400 pips each month.
Both week and day timeframe for CHFJPY is turned up.
Price retraced to a previous high acting as support.
We can see a bullish hidden divergence from MACD-histogram.
This trade is also traded in copy robots along with other JPY trades.
Chances are with the current price action, we are seeing a top in USDJPY for the rest of 2018.
3 elements in this chart:
1. Blue downward channel, top of channel as current resistance
2. Red trend line previously broken, now indicating pullback
3. Year-year boxes indicating a top in 2015 followed by lower highs in 2016, 2017 and then maybe 2018?
More like the peak in the index is behind. At moment, sideway ranging situation below previous support an act of distribution. Despite gains in other global indices (for example, new high DJ30), KLCI still in the red year-to-date.
EURGBP has been trading along this trendline for a long time.
Pending UK data few hours later. My action is to observe to see if price breaks below or get supported.
From prior momentum, my bias is more towards supported
#AUD strengthening with improving china data, while #cad is weakening due to Doha talk failure.
Best pairing at this moment will be to long.
I am waiting for price to have a close above 0.9950 for target 1.0020 and 1.0150.