Fundamentals are against this buy position, Canadian GDP is better than expected, although market expected good number. I entered long position based on technicals mainly.
It seems that we are now in wave C aiming for higher levels. There is also a nice resistance to support. On Friday we have the advanced GDP of US. Market is expecting good number, it might boost risk appetite, yen crosses moving higher. Next week there are some serious news on China, New Zealand and Japan on the calendar which I'll deal with them later. As I was...
It seems that technicals are aligned once again. There is a good reaction to a supply zone & accompanied by a nice channel line hit & negative divergence on RSI. Next week AUD gonna have some serious news. RBA monetary policy , Australia employment, China GDP. I'll deal with them later when some predictions are out. There even may be some unexpected news mostly...
GBPCAD changing from resistance to support, there is some mixed expectations for GBP news next week. I guess it's gonna be a fun week for Pound sterling traders with a lot of volatility :)
There is a strong move to the downside in the last few hours on some Brexit news, breaking the last rising support level technically, with CPI, PPI & UK Retail sales on the calendar this week and some tough decision to make on Brexit there is a good probability that this down move would extend more. I will try to sell every retracement to the upside. If the high...
After CAD interest rate hike by 25 basis points BOC (Bank of Canada) governor Poloz press conference and no follow through, it seems a good opportunity to sell CADJPY.
But we must never forget that we are also going against the fundamentals so I will risk like the previous trade half the size of my usual risk with a tight stop. I really don't know why I like to...
After a harsh decline due to Boris Johnson resignation it seems that the technical are all aligned again for a possible good buy opportunity. I'm gonna enter with two pending orders. I hope that at least the upper one would be activated.
As usual I'm hoping for the best but preparing for the worst, stop loss of both pending orders are set on the level shown.
I guess gold is going for some retracement after a 28$ rally from the last week's low. Selling with two positions. One by the market and another selllimit pending order higher.
Hoping for the best, preparing for the worst stoploss of both positions are shown.
USDCAD is finding some support for now but BOC (Bank of Canada) gonna increase CAD rate by 25 basis points to 1.5%, presumably this will cause USDCAD to drop heavily, so technical & fundamental do not agree and I'll enter with half the usual risk on this one.
There is some chance that the news is priced in or monetary policy statement would not imply strong cad,...
It seems that GBPNZD broke it's upward trend and changing channel. As long as the high of the week is not breached I deem this down move end of upward trend and will sell now and every retracement to the upside on the levels shown.
There has been some serious struggle during the past couple of months for EURGBP as the Euro and Cable were trendy. But it seems that buyers are at last getting in control. There was a strong push to the upside this week and I'm trying to buy in retracements in an anticipation for a 3 month high. Three buy positions. One entry at the market and the other two are...
USDCAD finding support probably. Daily R-->S.
Tomorrow on 6 of July CAD is going to have some goods news (actually market expects good news) also NFP is on the way. It seems that the market is moving in the direction of the data from the start of the week and the news is priced in unless the deviation from the expected numbers are big enough.
Anyhow it's a game...
