OMG the coronaVIRUS explored to A50, non-stop Even the trend line give no support to the index at all. Can't image what will happen when TVC:SHCOMP opens again...
China SH composite is approaching 2016 low at 2638. Adding the background the BOC raised the forward reserve requirement for foreign exchange and RMB surged. If look at the down side, 70 pips to drop/-2.5%, will possibly see a resistance showed at the 2016 retracement low @ 2638. Personally also considered it as the psychological support of investors. Hope the...
GBP/USD instant long opportunity Currently follow a nice downtrend channel, hit on the bottom line after BOE rate decision. Short term momentum is turning up, also sync with the speculator sentiment index signal (showing retail traders's long position is decreasing) 1:1 risk ratio will allow a long position set up at market price right now.
FX:GBPUSD watch out its ST support zoon 1.3990-1.4000 Long-term: still look to buy low Short-term: zoon 1.3990-1.4000 may provide support slightly after GBPUSD breakdown its upward trendline from 9th March; If it holds up, consider adding position and look for a gear up PT: 1.4100, 1.4200, 1.4300, 1.4400, 1.4500 Ultimate reversal point: 1.3900, LT tendline...
NZD/USD: down trend is still going on, no reversal sign. Once break down 0.6820, next target: 0.6680. Simple is Wang Dao!
AUD/NZD: long at 1.1056 Stop:1.1023 Profit:1.1286 Ratio:4-1