A trong bullish set up for GBPAUD at 3 time frames, thanks to weakness of Australia job data.
Range to entry: 1.7300-1.7330
Stop loss: 1.7200
Target: 1.8000
Nice set up to go short AUDJPY at three time frames with Bearish Rising Wedge at D1 already broken, Janpan Yen index (JXY) is rising and the weakness of AUD as RBA meeting minutes report.
Target at 83.00
Stoploss at 85.36
Look at 3 time frames, we can see an opportunity to buy EURJPY pair at low risk while H1 up trend is still strong after reached the upper of range of 2 months. If it successfully break out above 135 (confirmed by up volume), target may at least 140, stoploss at 133
As strong of recovery recently, the DAX index may revisit all time high level before ECB conference at which they may reveal the plan to taper monthly asset purchases beginning January.
Trading strategies: Long DAX, short-term target at 13400, stop loss at 13100
With a great upturn momentum, Dow Jones index (US30) had made a record high last week thanks to progress in US tax-cut passage. It's often time to trigger off bullish investors, target 25000 will be hit very soon maybe before House and Senate votes by the middle of this week. Stop loss at 24700.
EURJPY 0.12% had a strong bounce from MA(50) support and revisited the upper range in the fourth time thanks to rising of German Bond 10 years yield DE10Y 23.40% .
Now, Strength of the upturn is still valid and If it can breakout from this swing, target will be 136 for short-term, 138-140 for mid-term as measured move (while Dollar and Yen still weak for a long);...
ESP35 has just shown a strong upturn at high odds of breakout as 3 time frame chart are alive, maybe accumulation is over.
We need to follow the trend, short term target at 10516, mid-term at 10800, stop loss at 10240.
No need to confirm by momentum at H4, we can early to go short EURNZD for higher reward/risk as D1 chart shown a nice waterfall pattern.
Stop loss at 1.698, target at 1.6600
With the strongest of commodities at the late stage of advanced economy ( Bond fell, slowdown stock, interest rising), we should prefer to buy metal as Gold, Copper and AUD, CAD also.
Trading strategies:
- Buy Copper at 3.250, short-term target at 3.4, mid-term target at 3.9, stop loss at 3.2
- Sell GBPAUD at 1.725, target at 1.695, stop loss at 1.733
Gold had a nice start on new year as it decidedly broke above important resistance 1300 while Bond continuously sank and Stocks were flatted that made Commodities/ Bond ratio strongly rise up, Commodities/ Stocks ratio is bottom out.
We may enter the Stage 5 of the Business Cycle when asset allocation go to Commodities because inflation build up and interest is...
Some scenarios we made for USD/CAD pair. It will be a big day for both of US and CANADA when their own economic data are released. With the stronger recently of US dollar, we incline to scenario that the green back will continuously advance (cobalt blue line).
Trading strategies:
Small USD/CAD buy position at 1.2781, stoploss at 1.2740, target at 1.3000.
