szventures

szventures

EUR and CHF (European FX in general) likely bottomed for at least several weeks if not longer last week but the exception may be NZDUSD, which traded into resistance on Friday and reversed. It’s also possible that NZDUSD would face strong resistance at 8610-30 on RBNZ tomorrow. We rather prefer short NZDCHF in such situation.

szventures

We still prefer some AUDUSD short , and will be looking to cover that on a sharp decline this week as a final drift sideways to higher could extend into next week before we position for the coming breakdown. Resistance remains .9359/77 with support estimated at .9280.

szventures

GBPUSD traded into resistance on Friday and reversed. It’s also possible that GBPUSD made a major high in May. 12 month ATR fell to 2.82% in May. This indicator has registered such a low level on just a few occasions ever! The last time the reading was this low was in 2007. In fact, a combination of an ATR reading this low AND a monthly key reversal has only...

szventures

EUR and CHF (European FX in general) likely bottomed for at least several weeks if not longer last week, but the exception may be GBPUSD, which traded into resistance on Friday and reversed. It’s also possible that GBPUSD made a major high in May. 12 month ATR fell to 2.82% in May. This indicator has registered such a low level on just a few occasions ever! ...

szventures

A doji is forming off horizontal support coinciding with the bottom trendline of an upwards channel on GBPAUD. We're also at a 61.8% Fibonacci retracement from the recent swing high to swing low, and are just below the 50 SMA. All these factors suggest to me the prescence of a turning point. As such, I put in an order to go long at 7990 with my stop at 7920. My...

szventures

USDTRY has turned up from an important zone and near term pattern is unfolding in a bullish manner. It warrants taking a shot at the long side. We are looking at a low near 2.092 and then UP towards 2.150

szventures

The setup is to short a re-test of the 4/15-5/15 line from below, which is also a former low (4/23 high). The stop is above the breakdown day and I’ll target half where the drop would consist of 2 equal legs from the top.