THIS RETEST SHOWS PRIME SHORTING OPPORTUNITIES FOR US PAIRS RE-ENTRY IF ANY HIT SL THIS WILL BE LONG TERM LOOKING AT GBPUSD- USDCHF - USDCAD- USDJPY - EURUSD
LONG ON THIS LOOKING TO BUY DIPS ON THE POUND! JPY LOOKING NEUTRAL THIS WEEK
SAME BASIS AS USDCHF THIS IS POTENTIALLY A LONG TERM SELL TO HOLD FOR THE WEEK PLEASE ANALYSE FOR A SUITABLE TP REGARDING YOUR ACCOUNT
NICE PLAY WITH A GOOD POTENTIAL UPSIDE CAD CORRELATION WITH USOIL CAN INFLUENCE THIS PAIR IF USOIL TO DROP MORE SUB $20 THEN PRICE WILL BE BOOSTED
SHORT TO THE DEMAND LEVELS BELOW POTENTIAL MANIPULATION DUE TO THE US' ECONOMIC STANCE NOT PLACED USING AS A CONFLUENCE
SHORT TOWARDS 0.9250 / WIDE STOPS IN PLAY, THIS IS DUE TO VOLATILITY. DXY LOOKING TO DROP TO 97.50
CJ looks ready for a swing upwards. RSI shows it's severly oversold and as we can there has been some attempts to push upwards so no its came down to retest the trendline a long position is ideal.
Continuation of the trend, simple break US to gain strength give the facility package
EN looks like its ready to move into correction/bearish phase given the break in the trendline, also other technicals follow it and Europe is taking coronavirus very badly with manufacturing plants closing etc.
GN is in a great place for a short just at it touched off of the trendline, we can see the MACD and RSI lining up well. Also the GB PM Johnson has handled the coronavirus situation very poorly showing bad reflections for the Pound.
GJ under the gun due to risk off trading down trend to continue.
Sort term sell on EU due to huge impulse and US stock recovering here I can see a potential sell off towards the .50 - .618, then from after it has hit these key points then I will be looking for a long term buy because of the EU stimulus expected.
The price seems to be sitting at the 618 so this should spur traders on to long gold!
UC has recently broken a through a strong demand line showing increased bearish activity, using the USD bias on DXY here we short USD and long CHF extra analysis gives us that CHF will be more popular for investors as a safe haven due to Japan's coronavirus outbreak.
AC is at the same point in time as NC, given this we can go in for a nice intra-week trade to see the long term price correction, this is relatively low risk if the CAD stops correlation with oil.
NU here we have almost identical formations with NU and AU so the US dollar will devalue shortly causing a change in momentum upwards!
AU is looking ready to break, given the fundamnetals USD is set to devalue exponentially this grounds the basis for long on the pair because of the multi-year lows. Increased stimulus from RBA would be excellent.
NC looks ready to bounce long due to the pinbar on the daily timeframe. NZD being at all time lows shows that the central bank could inpu stimulus propping up the currency in the short term. Hopefully hold for a few weeks or looks for re-entries on the new potential uptrend.