Bullish falling wedge is forming in USDJPY chart, be careful of spring( shake out) during FED meeting this week. If bull trap happen then price immediately come back to the base 105.5, this is a high profitable opportunity to enter initial long position and others when price break the wedge confirmed by high volume.
Up turn momentum pick up for AUDUSD thanks to USD continuosly lower by steel & aluminium tariff tension as well as advantage of Australia gold & copper product.
AUDUSD may recover to short-term target at 0.8, stop loss at 0.776
Down turn momentum just pick-up in USDJPY as trade war worries rising after the departures of Gary Cohn and Rex Tillerson from the White House. Smart money went to safe haven in US Bond, Yen push US T-Bond higher close to the MA(20) resistance and JYX moved to above 94.
Time to go short USDJPY for short-term target at 103.5, stop loss at 106.5
With a Bulish falling wedge forming in D1 chart and recent upturn momentum as parabolic volume pattern after breakout day on 29/11/2017,
there is an high oppotunity for Conr Future ZC1! to breakout of wedge starting a long-term bull stage.
Trading strategies:
Go long ZC1! at 358.4, target at 391, stop loss at 354
Down turn just pick up a gain in US T-Bond (USB30YUSD), thanks to mixed US job data is not good for CPI, go short now for short-term target at 140, stop loss at 144.7
Up turn momentum for EURAUD is picking up after 4 week of sideway as weakness of Australia economic data, this momentum may push EURAUD to short-term target at 1.600 by the weekend risk of Italian election. As usual stop loss at 1.5700
Investors on street are waiting for next direction of stock market after 2 massive week correction, selling momentum paused as SPX index found a key support at MA50 area. USDJPY may trade in range this week by mixed US CPI data and Trump's budget blueprint including infrastructure upgrades.
Trading strategies:
Go long USDJPY for short-term target at 110, stop...
There is a very clear signal to go long USDCAD at 3 time frames particular after non-farm data was released last week that confirmed a high odd rate hike from the FED next month. Commodities currency like CAD, AUD, NZD temporarily weaken as pull back of Gold, Oil.
Go long USDCAD for short term target at 1.26, stop loss at 1.2380
Risk aversion affected all markets from bond to stock as VIX index rising near the break out point. With weakness of Dollar cause Trump's administration prefer to weaken domestic currency will push inflation pressure higher, Gold now is a King!
High R:R opportunity to go long Gold XAUUSD at near break out level, stop loss at 1342, target at 1380
A bearish rising wedge is forming for RUSSELL small cap index US2000USD as falling dollar pushed Thomson Reuters commoditiy index TRJEFFCRB rising to 11 month high. Smart money should unwind stock possitions from their porfolio firstly small cap one. Breaking down this wedge would confirms the short-term correction of stocks market.
Trading strategies:
Go short...
Bearish momentum of GBPCHF is confirmed by breaking down of the bearish rising wedge and MA50 also with volume above 20 days average.
Price can move down more before correction at key support (yellow line), just go short as down trend is still strong (ADX >40).
Target at 1.3036, stoploss at 1.3215
Momentum is increasing after broken down 2 MAs support at H1, H4 and D1 created a bearish engulfing candle at major resistance; just short for 87 target, stop loss at 88.45
