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USDCAD - SHort position - expecting a large sell off of the DollHi All A few weeks ago I posted about USDCAD and the monthly bearish engulfing candle printed in Jan 2019. After a slow retrace - I think we are now at the point of reversal. After a stop hunt after the CAD rate news yesterday, it has started to cycle lower. I am expecting this to actually end up at around 1.2600 if you're feeling brave enough to hold it for that long. I have entered three trades - all at 1.3510 with stops above 1.3560 area Lets see how these play out Thanks for looking Duncanforex.com coming in the next 2 weeks.
Short
by UnknownUnicorn483829
Strong vs WeakHello traders. During the London session this morning we are seeing consistent strength in the Swiss Frank with all pairs increasing in value. Meanwhile the opposite is true for the Japanese Yen - all pairs are down making the Yen weak. The result of strong vs weak is a trend. Our pick today is the CHF/JPY pair for a long position. Here's why.. CHF Pairs: AUDCHF -0.14% CADCHF -0.22% NZDCHF -0.01% EURCHF -0.15% GBPCHF -0.06% USDCHF -0.10% CHFJPY +0.23% JPY Pairs: USDJPY +0.13% EURJPY +0.09% GBPJPY +0.21% AUDJPY +0.09% CHFJPY +0.24% NZDJPY +0.22% CADJPY +0.00% As always, use stops and manage your position for the duration of the trade. Good luck and feel free to share with me your views on the CHF/JPY pair.
Long
by FXLukas
Euro Strength vs British Pound WeaknessGood morning traders, the London session is well under way now and we have an excellent opportunity to go long on the EUR/GPB as we see the pair breakout to the upside. In the background we see all GBP pairs falling and all EUR pairs rising in price - here's a breakdown of each pair since the start of the London session. EUR Pairs: EURUSD +0.19% EURGBP +0.37% EURJPY -0.01% EURCHF +0.07% EURCAD +0.23% EURAUD +0.21% EURNZD +0.07% GBP Pairs: GBPUSD -0.17% GBPNZD -0.30% GBPCAD -0.13% GBPAUD -0.16% GBPCHF -0.29% GBPJPY -0.38% EURGBP +0.36% I hope you have a successful day trading - don't forget to follow me to see my currency strength analysis in your feeds. Good luck!
Long
by FXLukas
Weak New Zealand Dollar vs Strong Swiss FrancHello traders... The New Zeland Dollar continues to see heavy selling across all currency pairs as we continue through to the New York session. Fresh strength is now coming in on the Swiss Franc giving us a new opportunity to short with the NZD/CHF pair. Here's a breakdown of each pairs price movements since the start of the London open this morning: NZD Pairs: NZDUSD -0.52% NZDCHF -0.46% NZDCAD -0.17% NZDJPY -0.51% AUDNZD +0.25% GBPNZD +0.27% EURNZD +0.26% CHF Pairs: AUDCHF -0.22% CADCHF -0.30% NZDCHF -0.47% EURCHF -0.20% GBPCHF -0.21% USDCHF +0.04% CHFJPY -0.07% Who else is shorting the New Zealand Dollar right now? Feel free to share your charts.
Short
by FXLukas
USD Strength vs NZD WeaknessGood morning traders. The London session is well underway this morning. Since the start of the session the USD is gaining points on all pairs whilst the opposite is true for the NZD. The combination of strength and weakness between the two currencies makes the Kiwi Dollar an excellent pair to short. USD Pairs: EURUSD -0.08% GBPUSD -0.16% AUDUSD -0.20% NZDUSD -0.35% USDCHF +0.01% USDJPY +0.02% USDCAD +0.17% NZD Pairs: NZDUSD -0.36% NZDCHF -0.35% NZDCAD -0.19% NZDJPY -0.33% AUDNZD +0.15% GBPNZD +0.20% EURNZD +0.28% Monitor the trade closely around support at 0.64795. Otherwise our target is around 0.64563 for a 2:1 Risk-Reward.
Short
by FXLukas
1
NZDJPY Breaking Through Support with Currency Strength/WeaknessGood morning traders. The Kiwi Yen is breaking support to the downside with weakness in the NZD pairs & supporting strength from the Yen. Here's the performance of the two currencies since the start of the London session this morning. NZD Pairs: NZDUSD -0.33% NZDCHF -0.34% NZDCAD -0.17% NZDJPY -0.34% AUDNZD +0.13% GBPNZD +0.19% EURNZD +0.24% JPY Pairs: USDJPY +0.00% EURJPY -0.09% GBPJPY -0.15% AUDJPY -0.20% CHFJPY +0.00% NZDJPY -0.33% CADJPY -0.16% As always we use a 2:1 Risk-Reward on all our trades. Good luck!
Short
by FXLukas
CAD Weakness Dominating Canadian PairsWith the London open well underway, the Canadian Dollar is losing points across all pairs. This gives us a low risk opportunity to score some early pips for a quick profits if we play the CAD weakness against one of our stronger currencies. CAD Weakness: USDCAD +0.18% NZDCAD +0.15% GBPCAD +0.10% EURCAD +0.27% AUDCAD +0.06% CADCHF -0.29% CADJPY -0.46% Today's strongest pair is the Japanese Yen which is gaining pips across all currencies making it an ideal pair to go short. JPY Strength: USDJPY -0.28% EURJPY -0.18% GBPJPY -0.33% AUDJPY -0.38% CHFJPY -0.18% NZDJPY -0.29% CADJPY -0.46% Good luck with your trading!
Short
by FXLukas
GBP Weakness vs JPY StrengthPlaying GBP weakness against the strength of the Japanese Yen for a quick turn around. 60 pip stop loss with 120 pip take profit. This morning in the London session we have seen the British Pound continue its downtrend across all pairs: GBPUSD -0.11% GBPNZD -0.14% GBPCAD -0.04% GBPAUD -0.02% GBPCHF -0.19% GBPJPY -0.31% EURGBP +0.16% The strength in the Japanese Yen is even clearer with significant strength coming in early this morning on all its pairs: USDJPY -0.21% EURJPY -0.16% GBPJPY -0.33% AUDJPY -0.30% CHFJPY -0.12% NZDJPY -0.18% CADJPY -0.29% I am sticking to a strict 2:1 Risk-Reward for this trade however the position could be managed lower with some care and attention. Good luck!
Short
by FXLukas
AUDUSD - 14:1 win vs risk trade - Potential for 500+ pips Hello all I think the related trade I posted previously about AUDUSD may now be taking shape I have reviewed the points where I was applying Fibonacci levels and I think we are just about to create a double bottom reversal Conservatively, you can wait until the last swing high is broken at 0.7070 However I am in at 0.6973 and a second entry at 0.6989 I am expecting this to now go up over the next few weeks - long term trade - as per other posts, I am expecting usd to continue to weaken. I will also be entering on each consolidation . breakout too on the way up Thanks for looking Duncan Duncanforex.com coming soon
Long
by UnknownUnicorn483829
1
USDCHF Sell Trade Idea (INTRADAY AND SWING)USDCHF -------------------------------------------------------------------------------------------------------------------- Haven't posted in a long time and it is only fitting that I resume with a major swing trade. Being a CHF pair, these pairs are one of the most respectable pairs as it relates to following the trend. If you are in it for the long haul, you will be immensely blessed. Price has been moving steadily in a uptrend, creating demand after demand after demand. Compression is easily seen here as we have now reached a major supply zone and we seek now to sell as sellers are now to enter the market. Dollar strength has been something to watch over these past months, however, weakness is expected in the coming months. New Fed chair will be put in this year. Many unexpected things are to happen so be aware. So I see USDCHF making a bullish move @ 1.00996 and returning to weekly supply to make its big drop. If you wish to learn more about supply and demand and/or fundamental analysis, message me on trading view at any time or message me on Telegram: t.me I give more trade ideas, signals and opportunities with my students. ALWAYS TRADE WITH NO INDICATORS. MAKES LIFE EASIER! Sell at market execution @ 1.02074 Intraday SL: 40 pips TP: 100 pips R:R: ~2 Sell limit @ 1.02717 SWING TRADE SL: 70 pips TP: 472 pips R:R: ~6 Take care and always remember trading involves a level of risk, be sharp and exercise proper risk management. Until next time!
Short
by ricky1270
1
AUDJPY Short Intraday Trade IdeaAUDJPY ------------------------------------------------------------------------------------------------------------------- Currently in a 10 week range since Jan 14, 2019. Hopefully we can see some movements this week fitting for a King! I see a fall after testing daily supply and weekly trendline resistance. We find ourselves in similar waters as weeks ago when price was this high, it then gave a massive drop. We suspect big banks are adding more sell orders in order to make this drop a reality. Currently experiencing weakness in global economies and we shall see what happens to AUD after its Interest Rate Decision. Sell @ Market execution. Classic ~4R. Til we see each other again beloved!
Short
by ricky1270
DOLLAR INDEX (DXY) Showing Signs of Exhaustion! With the crucial 97.00 area rejected and acting as a concrete resistance, DXY is showing signs of exhaustion both technically and fundamentally! Looking at the fundamental picture, the FED has already signaled that its pausing its rate hike, moreover the trade war among the two largest economies in the world is just putting to much pressure on the greenback. FED signaled the economy is stable however the signs of slight economic slowdown are already visible with china imposing high tariffs on US goods. Today's core durable order and Philadelphia manufacturing index both came below expectations and as we wait for the existing home sales report later today it would not be a surprise if the reading is below expectation. Even considering the future economic calendar releases most of the readings will likely be below the forecast as well considering if a trade deal has not been reached. In short at the moment its not looking that good for the greenback at the moment fundamentally! Looking at the technical aspects, the crucial 97.000 level was the key resistance that was rejected and now if the trendline is violated the price might head towards the next support that lies in the 93.00 region. If the trendline is violated we should be prepared for a big drop in the DXY. Certain pairs that are highly correlated with the DXY such as EURUSD can be traded with added confluence.
TVC:DXYShort
by FX618Analysis
1
GBP SHORT to 1.2484 | BREXIT Uncertainty GBP SHORT - Weak pound due to BREXIT - More upcoming uncertainty with the brexit date on the 29th - Trade war in the US creating uncertainty on global demand hurting UK exports (excluding financial sector) - Trade surplus likely to increase during the fall in demand - Possible upcoming Austerity in the UK This is my view of the GBP in the current market state, what do you think? If you get a chance to short the GBP against safer or even major currencies then this may be the time before brexit.
BShort
by Eren_Jaeger_Trader
$BTC continues to bleed despite having a huge bullish push 10/15Back on Oct 15th, BTC as well as many other altcoins pushed bullish in the market giving many traders hope for a raging bull market. However, it pulled back more tan 60% of that move in the same day, giving a clear indicator of market manipulation and further downside. Now two weeks later, BTC continues to bleed and will likely test the 6.1k zone again before showing any signs of a possible bullish movement. Still overall neutral / bearish on the entire #crypto market.
BITFINEX:BTCUSDShort
by AGOSE97