GBPAUD is in a downtrend. Brexit and better than expected fundamentals in both china and australia suggest that the downtrend will continue. Short in a pullback to the second daily resistance maybe an appropriate low risk entry.
The Euro could strenghten as from the one hand the Federal Reserve took a dovish stance towards 2016 rate hikes and from the other the enhancement of the ECB's TLTRO program could potentially provide a lasting impact for the Euro currency.
NZDCNH is in a long term downtrend and at the moment is in a countertrend wedge formation.
GBP continues being weak. This bearish momentum could be exploited by shorting the GBP whenever there is a rebound for a low risk entry.
CHFJPY is in a downtrend and failed to broke its channel resistance. It also broke the trendline of its countertrend. We expect a pullback to the first daily resistance for our short entry.
GBPCNH is in a downtrend and has formed a head and shoulders pattern. We need a pullback for our short entry.
The EURGBP broke out with strong price action. The trend is clearly bullish so we are looking for a pullback opportunity to buy.
The GBPCHF is clearly in a downtrend. A slight rebound to daily and weekly resistance could offer an attractive short entry minimizing our losses in case of failure. Besides trading is just an art of probability.
The trend is bullish so we are long on EurUsd on the pullack to the weekly support and trendline.
XAUUSD0.49% is in a short term downtrend channel and the fact that the majority of retail traders are positioned long gives a contrarian signal that XAUUSD0.49% may continue lower. Thus, we think that any short term rebound as the one we are using here to the weekly and monthly resistance may be a good short entry point. Please feel free to make any suggestions.
Dovish Fed points to further losses to the US dollar. Thus a rebound to the 200 MA may offer a nice entry point to the downside.
Improved conditions in the chinese equity market will help slow down capital flowing out of China and this may ease pressure on Yuan shorts