Potential Short on USDCAD incoming:
Broke a strong support level, and waiting for a retest.
Fundamentally, the US has been hit pretty hard with the coronavirus and the GDP is coming out tomorrow which will probably not be good. As for the CAD, prices of Oil are slowly starting to rise which is good for the CAD, thus why I find USDCAD as a short has great potential.
Currently waiting for a break of the counter trend line on H4 timeframe on XAUUSD. Once the break happens, I will wait for a retest of the nice confluence we have for a great long opportunity on Gold.
Here is a trade idea I had on GBPNZD, short.
My fundamental analysis is the following:
GBP (Great Britain Pound):
(N) - Brexit, a problem that will be fixed, but will create another one which is a trade deal with the EU, which currently has a lot of uncertainty.
(N)- Markit Manufacturing PMI 47.5 (vs. 47.4 previous), has to be over 50 to be positive. (Jan...
Hi everyone, with the next trading week coming up, and market opening tomorrow, here is a trade idea I've got for you guys.
EUR: has been doing ok, good numbers for countries in Europe coming out, so I would see EUR as pretty bullish
JPY: with the US-China Phase One Deal being agreed on, and as per some sources, will be signed on the...
Hi everyone I had an idea on going long on GBPCHF, here is my analysis:
Its obviously not news if I tell you that on Thursday the UK Parliamentary Elections will take place, which predicts a Tories majority, which is seen as bullish for the market.
For CHF, CHF is known to be a ''safe haven'' in Europe, so it would make sens shorting it against the GBP.
I am open...
Hi everyone, here is a small idea I have: EURJPY Short.
JPY in my opinion is getting a little bit stronger considering the tensions that are a little bit rising with the US-China Trade War. Also, JPY has released some good numbers these past couple of days, like GDP, etc. so in my opinion JPY is Strong.
EUR in my opinion is a little bit neutral, I don't see...
Here is an idea: GBPAUD Long. Why you may ask, here are a few reasons:
- UK General Elections on December 12th (current predictions are Tories winning the elections, and market wants Tories to win)
- December 15th Tariffs (Trump still hasn't taken a decision on what to do with December 15th tariffs, most likely I believe he will keep them as tensions has started...