Trader_Landry

Trader_Landry Updated 

Today we saw the Mexican inflation come out lower than expected but it is not where the Mexican central bank wants it to be yet. For that reason, the work to slow inflation down is not done yet and they will have to at least keep the rates high... On the technical side, we see price failing to create a new higher high and we just broke below the structure for a...

Trader_Landry

The australian dollar is gaining strenght this week because of its commodity correlation. EURAUD failed to create higher market structure and we seem to head to a key level at around 1.6450. If this level is properly broken, we should expect further downside to our targets...

Trader_Landry Updated 

The pound is still facing some weak fundamentals because of the decision of the BOE to pause hikes while inflation remains high... Markets are dumping the pound. My targets are 2.0300 and 2.0200

Trader_Landry Updated 

The fundamentals of the US dollar have been strong for a while and USDCAD was able to have outstanding performances and will continue to have those performances as long as the US datas stay strong. However, if we look at the technical side of things, price failed to go higher, which could signal that at the moment buyers are losing control and the price could fall...

Trader_Landry Updated 

Same reasoning as my previous ideas, this pair looks undervalued when looking at the USD fundamentals. We found a solid support and we are creating higher highs and higher lows...

Trader_Landry

The token found a support at 0.2950 and could go back up to test the last high. We are seeing momentum is being built up and we could see higher market structure.

Trader_Landry

The USDJPY pair dropped very hard today due to rumors of a possible hike from the bank of Japan. In my opinion, the hike is not for now and this movement might just have been big players taking profits at the 150 Yen Level as many institutions had their target at this level. The trend remains bullish until new fundamentals come out... Price might be interesting at...

Trader_Landry

Major economies are facing a risk of stagflation and with that comes the risk of energy prices going up. At the moment, the oil price has not done any significant move reflecting the upcoming risk that major economies are facing but if I wanted to play the scenario where we see energy prices going higher during this Q4, this is where I would place myself on Oil.

Trader_Landry Updated 

USDCHF has not done much today but it has formed an interesting double bottom at a support. The price should also continue to be driven to the upside because of the optimism of the market toward the US dollar. Moreover, price has already started making higher highs and higher lows which is a very clear sign of buyers taking control and wanting to push it higher...

Trader_Landry Updated 

GBPCHF is stuck in a range on the 4h timeframe and is struggling to break out of it. Even if GBP fundamentals have been weak those days, there is no need to try to short it for a trend following as price simply does not have momentum. Short term target...

Trader_Landry Updated 

USDSGD has been in a sell-off last week undervaluing the USD vs the Singaporian dollar... Knowing that the US dollar could rally in the coming days due to macro economic circumstances, a undervalued pair like this one could be a great opprtunity for a BUY.

Trader_Landry Updated 

Good morning traders, today we are taking a look at CHFJPY. The bank of Japan is still not willing to make a hike and this monetary policy is very negative for the yen, however price has still corrected due to the Yen being underevaluated by investors on the market those past few days. Today, we can see price seems like it found support on a key level of 162 and...

Trader_Landry Updated 

AUDUSD is in a bearish trend with lows being created on high timeframes. With just a few days to go before the next FOMC meeting, we are expecting rates to stay at 5.50% which makes the dollar a more interesting currency to hold vs the australian dollar. Not also forgetting, the downfall of gold price which has a positive correlation with AUDUSD... A break below...

Trader_Landry Updated 

Today, US indices were dragged down by the technology sector which underperformed due to the expansion of China's ban on iPhone use in government agencies. Moreover on the technical side, price has just broken out of a short term ascending channel and retested a key resistance that was previously a support at around 4470 . I am expecting a downside continuation on...

Trader_Landry Updated 

It is clear that EURUSD has been under pressure these past few days but will the ECB next meeting change the situation ? Well, in my opinion no! The structure still creates new lows even if a retest of the last resistance is possible at 1.0770... Moreover, the FED interest rates remain higher than the ECB and it is planned to stay that way after the increasing CPI...

Trader_Landry Updated 

Here we go, the FED decision finally came out and as expected it is a hold at 5.50%. This decision is actually positive as rates will stay high... On the technical side, USDCAD has found support at around 1.3415 and has formed a double bottom on this key level. I am expecting to see price rally to the next resistance at 1.3550.

Trader_Landry

AUDNZD has been in a extensively sold last week to the point we broke the 1.0750 support.. This breakout could probably be a fakeout because the New zealand dollar does not have the fundamental datas to back this movement. We could see price come back above this level and go try to test last highs. To be continued...

Trader_Landry

This futures pair is currently testing a strong resistance at around $0.41. If the level is able to hold like the previous times, we could see a drop to testt the last lows of the structure...