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We think USD has more room to fall (approx 100pips) before any majore reversal. And British Pound has reached an area of importance and we think there will be a move up.
Why? CoT report!
Have been watching this pair for a while - and now its like the perfect storm has hit and it looks like it's a no brainer to go long on.
However the price can fall down to the base of the demand, and then recoil upwards.
Therefor we will wait a little bit longer before going long on this one. No need to be in a hurry =)
JPY has made a small recovery from being hammered to the abyss. We think the recovery was shortlived and that JPY will slide back where it came from.
Also we have noticed that BANKSTERS have increase postions on usdjpy long.
Therefor go long with a SL under demand zone!
Happy Trading Fellow warriors!
Cad has been going very strong for a longer period of time. We may see a correction so we have placed usdcad long with a tight SL. We know its a downtrend, but we think USD will be pushed upwards and therefor USDCAD is long.
Also our data shows increase in CAD shorts so we think there is a preparation for a move down on cad.
We have predicted that dxy will go up as seen here -
If this happens then we will see a drop in EurUsd.
We have also noticed that banksters are still in general long on EUR, however our data shows that short positions are added so we may see a drop.
Nzd and Aud has been doing great since November last year. Like a rocket it continued going higher and higher, due to a weak US dollar but also
we have noticed large abnormalities in data where the institutions (big money) are going long.
Now we have done two different levels of demand. If the first one is broken, the price may go all the way down to the second...
We like to keep it short and not babble. The uncertain situation in the US makes the demand for foreign currencies higher. Data analysis has shown an increase in demand, especially for the YEN and GBP.
But first we may see price corrections and institutional buys at lower levels.
Greetings fellow traders,
Demand has been hit, and we may see USDCAD go up to 1.2880-1.2900 region of supply. When this price is hit, we may see a large push to the downside. It all depends on price behavior so be careful not to go in to early. It's better to wait than to go in to early and try to catch the tops or bottoms.
Watch how the price moves and watch...