Price is approaching a-quarter long weekly resistance level.
Watch for price action to actually turn back to enter.
Stop above the weekly level & aim for profit near the 0.9690 daily support level conservatively and 0.9620 for more aggressive target
ECB: Tightening Phase by reducing the QE to 30B EURO starting Jan 2018. Key economics targets are met
RBA: Holding current rate. Mixed market data mostly for AUS
Price bounce of strong weekly support marching towards next weekly resistance
We ask for bargain at 38% retracement of the big candle.
GBP:Hawkish BOE, Brexit progressed to the second phase, COT shows speculator are building position on GBP
NZD:No significant progress in term of political & monetary policy after the election.
Inside bar formation at the weekly key level support. Price also show bounce of the daily immediate support
BOC has been dovish in recent statement
NAFTA uncertainty have been negative towards CAD
Second stage of Brexit /BOE Hawkish
Good pin bar rejection of the trendline and the daily support level signal the continuation of the rally
Target profit should be below weekly resistance level
Buy limit at 50% of the pin bar
RBA maintain it's rate at 1.5%, still on holding policy. Watch for monetary policy in coming week
BOJ rate statement this coming week.
JPN manufacturing data was strong last week
Price bounce below strong weekly level and forming inside bar last Friday
This gives very small risk and huge downside rewards for this trade.
However, if BOJ...
Bullish Pin Bar formed rejecting the weekly support level around 0.8740
Now price is moving upwards. Enter immediate at market price below 0.8860
This trade should be able to give us 1.2R
CHF: Still an easing currency for now. However, SNB meeting today might change the current policy
NZD: Easing currency with mostly weak data, and no new release scheduled for this week
Price Action currently rejecting Fib 0.382 level, which is also the same as the weekly resistance level
Suggest to half your lot size due to SNB...
Kiwi economic data has been disappointing and few last week
Immigration, housing and monetary policy for NZ is pressuring the Kiwi
EUROZONE economic data was healthy in spite of ECB dovishness
Pair is in 10 months upward channel
The price also recently bro 1 year high and we will watch price action to continue the bullishness
Fed Rate hike is priced in by the market. Might not have a great impact on USD upside.
Still net positive speculator position and long for EUR FX Future
In spite of good technical NFP data last week Friday, EUR/USD is still closing Pin Bar at weekly level
Inversely correlates with USD, Gold has broken a year long trendline.
On a shorter time frame, it also broke the support level around 1258.
This is a long term trade and we try to bargain for discount on entry because yesterday bear bar was really big.
GBP: Tightening currency, while Brexit negotiation is not going as good and fast as expected UK economy shows some strength
USD: Fed tightening and Mid Dec rate hike will be in play. However, there is a lot of volatility in US market too
This pair bounced of Technical Key Support and still respect long-term (1-year) uptrend
Entry is a...
CAD: Latest BOC rate is maintained at 1%. This further pressure CAD as it coupled with slow NAFTA progress.
Uptrend channel persist after BOC rate is maintained at 1.0%
Price is now at the bottom of the channel.
Target 1R lower than previous high, but if price broke the level, next target is below weekly resistance 2R
AUD: Latest RBA rate maintained at 1.5%, monetary policy is holding. Mixed economic data for Australia. RBA latest statement is hawkish towards stronger AUD
EUR: Hard Brexit sentiment has pressure EURO as much it is on the GBP. ECB is quite dovish and QE program still in progress. Series of the geopolitical issue in EUROZONE (Catalonia, Germany) are...
CHF have not much happening rather than just easing monetary policy, mixed economic data. Best of all it is not much related to North Korea
USD have many Fundamental factors such as rate hike in Mid Dec 2017 (might already priced-in), President Trump linked to Russian investigation and huge event this week is NFP.
Pair has been on the...
EUR from Fundamental is weak currency due to continuation of QE program
Recent German Political unrest still pressuring EUR
JPY Fundamentally still weak currency too
In contrast to Fundamental, the technical level for this pair is very interesting.
You can almost see a bull flag if you look at bigger time range, also you can see multiple...
JPY: Dovish & Easing BOJ. Geopolitical unrest in the region pressuring JPY. Weak economic data
NZD: Less-Dovish RBNZ, also Economic data was weak
Bullish Outside bar formed last Friday.
Break of weekly resistance level at stay above.
Bounce of 9 months swing level
The UK has made positive progress on Brexit negotiation
JPY is pressured by news from North Korea missile test while it's economic data was mostly on the red side previous week
Pair broken weekly resistance level and stays on top.
Inside bar formation after two large daily candles.