Gold price is running higher at it higher level and the order book shows that a lot of profit buyers are in the market. I am watching a big fast drop on this trading instrument.
USDCAD is a strong bullish as retail traders are at 67% short selling this trading pairs. Just use proper risk management and be careful at the speak in around 1 more hour.
GBPUSD with retail traders are in long position 62% and market trend will drop more to the lower price level.
This trading pairs look like having a price manipulation at the upper price as it show on the order book. I am following this trading pair and will look for a short selling at the upper level.
My own view on USDMXN This trading pair has been declined for many trading weeks with the strong in MXN (Long 80% of MXN by big financial institutions showed on CFTC data). This week, the CFTC Data shows that Big Financial Institutions have closed Long Positions and Add more short Positions on MXN. FED also prepares for raising more rate as inflation is still...
RRR: 1:2 with proper risk management. EURJPY is running for an uptrend but be patient enough to the right entry level. JPY is so weak currency as big financial institutions are going Short around 75%.
RRR: 1:2 is good for USDJPY as JPY is very weak and US FED intends to raise rate. For USDJPY is running is up trend so I focus on Go LONG at lower level with proper SL.
This is my own view on GBPJPY as JPY is running very bearish and GBP is strong with more add long positions showed on CFTC future position report.
My own view on XAUUSD as DXY is growing more long positions by Big financial institutions and XAU has more short contract.
AUDUSD is looking for a drop to make a lower low before going up. The USD last week is not good and it also affects to this week. However this trading pair is likely to make a big drop before moving up as my analyzes. Let see this week. Be patient to have a good price, good money ...
Here is my own view on AUDJPY for this week trading. The strong on AUD and weak on JPY so I look to long this trading pair with patient. Big money always reverse the market at a fake breakout which is the best price for them.
Here is my own view on Dollar Index. The DXY will move up to a higher level before moving down to a lower level as drawn in my analyses. With the order flow, DXY is weak because of big money reducing long positions on DXY; however, the price will go up higher again the fundamental to a good price for short positions and to hunt SL for retails traders. Let's...
AUD is a weak currency and JPY is also weak for many months. The change of building more long position by financial institutions, I have my own view for bearish at this level. Please see the detail in my analysis chart for SL and TP.
CADJPY is running the the resistance zone and we are looking to see the continue up before going down. This trading pair is potentially with the down trend after the strong of JPY (Future Position of JPY). For my own view this trading pair is running at a down trend with the strong of JPY.
USDJPY is running near resistance around 141.700 with the BOJ Press conference last week. In this week CFTC data report shows that USD is turning weaker and JPY is changing for a better strong. Will this be the good point for down trend for USDJPY or will it continue to a fake breakout for hunting stop less for retail traders?
USDCHF confirms the bullish trend anyway this trading pair is pressure the breakout down trend before change the character into bullish trend.
Trading EURCAD with these two scenarios, The downtrend of EURCAD can see the confirmation with few bearish candlesticks on the top of the trend; however we still see the market not going up to the supply level in the history yet. For my own view I am bearish this trading pair with these two scenarios. 1. Non-Commercial is reducing long positions on EUR 2....
After affected from Non-Farm and CPI the DXY drops very much and breaks support zone at it low level. Remember that DO NOT CHASE the Market. Take a relax and waiting for next week update after CFTC updated the report at weekend. Enjoy Your Time and Trading.