Weekly overview of foreign currencies
Updated
Start with EURUSD GBPUSD NZDUSD, they're all 3 correlated positively and I really do not know where they go from here.
Ignoring all 3. Rip.
USDJPY
Lower high compared to May, lower high compared to a few days ago... It is unclear where it is going...
I'll check it out if it moves alot... Probably no trade for me here.
AUDUSD
Still looking super bearish... Just going to set a short order if it goes up...
Already set up orders.
USDCAD
SUPER bullish, if I get a short at going long I will, unless it goes up with bearish divergence then I prefer to avoid it.
USDCHF
I do not really know, just avoiding it unless I am bored maybe there is a secret oyster hidden in the map.
USDSEK
I think it is bullish... Going long if possible, might regret it. Is it forming a head and shoulders?
USDMXN
Bullish, going long on 0.382 or 0.5 trying to take advantage of all that wave 5 upside.
USDCNH
TOO bullish. What the hell? Will it ever stop? Going long on retrace if that ever happens. Or maybe it just falls like a rock ...
EURJPY
Might be nearing the end of its bear trend, I do not know. I think I'll only trade it if it hits structure with RSI divergence.
EURCAD
Bearish? Turning bullish?
EURNZD
Careful with that one. Will only trade if a confluence of factors line up.
EURCHF
Downtrend. Short it to the ground.
Ignoring all 3. Rip.
USDJPY
Lower high compared to May, lower high compared to a few days ago... It is unclear where it is going...
I'll check it out if it moves alot... Probably no trade for me here.
AUDUSD
Still looking super bearish... Just going to set a short order if it goes up...
Already set up orders.
USDCAD
SUPER bullish, if I get a short at going long I will, unless it goes up with bearish divergence then I prefer to avoid it.
USDCHF
I do not really know, just avoiding it unless I am bored maybe there is a secret oyster hidden in the map.
USDSEK
I think it is bullish... Going long if possible, might regret it. Is it forming a head and shoulders?
USDMXN
Bullish, going long on 0.382 or 0.5 trying to take advantage of all that wave 5 upside.
USDCNH
TOO bullish. What the hell? Will it ever stop? Going long on retrace if that ever happens. Or maybe it just falls like a rock ...
EURJPY
Might be nearing the end of its bear trend, I do not know. I think I'll only trade it if it hits structure with RSI divergence.
EURCAD
Bearish? Turning bullish?
EURNZD
Careful with that one. Will only trade if a confluence of factors line up.
EURCHF
Downtrend. Short it to the ground.
Note
If anyone got / know a decent idea on EURUSD I am interested.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.