I see a clear weakness on the USDCHF on the normal candles.
This H1 chart shows the good entry and stop loss for EURUSD - for the long trade
The EURUSD is showing a steady uptrend which is amazing for the long trade. There are good entry at the recent resistance level of 1.099 and good fundamentals behind the EUR strength against the USD. Also, this is a trend that appears to be able to continue for months ahead.
The monthly chart of the NZDCAD for the normal candles and HA Candles is bearish but the weekly normal candle for NZDCAD shows a possible reversal into strength as it hits a trendline.
The daily HA chart of EURCAD is showing a clear cup and handle where the EURCAD would take off again. The weekly HA Chart of EURCAD shows continuous bullish EURCAD - beautifully shown strength of this currency pair. It could be due to 1. weakness in commodities (esp oil) prices pulling down the CAD. 2. Europe is decoupling from the US-China conflict with France...
While the monthly HA Chart of BTCUSD is still bullish, the weekly candle is showing indecision and the daily candles are showing bearishness. I will wait until the trend is clear for BTCUSD before entering.
EURUSD shook off 2 days of indecision to rally last Friday. I was wrong to jump to conclusion that indecision daily candles last Wed & Thu was a sign of possible EURUSD decline. After all, DXY is showing clear USD weakness. Also the monthly and weekly HA Candles are still showing strong bullish candles.
The NZDUSD turned from bullish to bearish in Mar 2023 - could be driven by weak commodities prices. The monthly HA chart shows resistance is holding at 0.61 level. The weekly chart shows that the 0.61 level might just be breaking - not exactly sure when though.
The monthly chart of the Heikin Ashi shows clear USD weakness. It is the same for the daily and weekly HA Chart.
Oil price dip had weakened CAD against major currencies like EUR & USD. Good time to short CAD. CAD weakness is strong.
The monthly chart shows that gold had rallied for the past 5 months, hence I am bullish with gold if we enter at the right price.
The upward trend for EURGBP seems strong and likely to continue to strengthen. Fundamentally wise, Europe seems to be doing better than the UK.
This seems to be a retracement on 14 Apr 2023 in a possible dead cat bounce of USD Strength with mixed consumers reading - feeding hopes that Fed will continue to raise rates. Gold is likely to retain its luster this week.
EURUSD seems poised for a breakout as seen on the Daily Chart.
Gold price had completed its retracement against USD 3 days ago. This should be a good time to go long gold prices. Overall, gold is a good store of value in this inflationary period and also a refuge in the era of weakening USD & de-dollarization movement led by Russia, China and Saudi Arabia.
My view is that the GBPUSD will continue to be range bound. The ZigZag pattern shows that the movement upwards is done and now the downwards movement will continue. Hence, I also don't buy the past few candles that suggest further upwards movements for GBPUSD.
The daily chart shows us the overall strength of Bitcoin. While there are some retracement, there are good rallies in bitcoin. This is a good pair to trade overall on a consistent basis - just need to keep the size small relative to your position (~0.5% risk of account balance).
The H1 Chart looks good for an immediate entry for BTCUSD. After rallying strongly yesterday, perhaps due to the weaker than expected US inflation report feeding expectations of just 1 more rate hike in May 2023 and being done, the USD weakened. Notably BTCUSD had retreated from the psychologically important level of S HKEX:30 ,000.