Fxrenew
EURCAD - Sell at MarketOff the beaten path, EurCad still remains a valid short opportunity after yesterday's bearish close in line with the overall trend.
Ahead of NFP tomorrow there might not be much movement but Cad strength has been a theme all week, and the Loonie has been unperturbed by neither the Oil retreat or IVEY PMI.
Selling at market near 1.4500 is good value for a test at previous lows initially.
Gold - Buy on Dips!Gold remains in a strong uptrend and has remained supported even though there is no further movement in the Middle East after Iran's retaliation.
Reflation? Usd weakness? Whatever it is, buy Gold on dips.
Subscribers were alerted to yesterday's buying opportunity. Today simply manage open positions.
GBPJPY - Bearish Weekly Engulfing keeps Signals BearishSentiment turned negative last week and prices fell over 3 Big Figs forming a weekly bearish engulfing. This leaves signals bearish for the coming week and the call is to sell cautiously on the open and then at Tuesdays' low at 142.38. Targets are to the December 2019 bottom at 140.82, the November 2019 low at 139.30 or even the 61.8% retracement of the Q4 advance at 137.00.
GBPAUD - Buy at MarketGBP remains in favour on YOuGov polls showing a Boris Johnson victory in the upcoming elections.
Yesterday's Neutral day showed rejection of the lows and points to continuation higher, especially after poor AU GDP.
The call is to buy at market with a stop loss below today's lows.
Dow Jones - Sell on a Rally or BreakoutRisk still down on risk-off mood, renewed trade jitters incl China, France. If trade developments continue to play out as Tuesday’s news suggests, then Dec 15th tariffs will go on as planned, and a Phase One Trade Deal won't happen until 2020.
Markets are trading with a risk-off tone.
The call is to continue shorting Dow, either on a pullback to 27640/27770 zone, or through yesterday's lows.