Weak AU data, and better than expected CHF GDP. Price is below 50 and 100 MA in the 1hr and 4hr chart. RSI is also below 50 therefore a good time to short AUDCHF
Opportunity to Ho long AUDCHF, as prices as move above 50 MA in the 1 hour chart. Also notice a divergence in MACD and RSI broke above 50.
saw divergence on 1 hr chart between price and MACD. momentum also has slowed. with Weakness in NZD, I would preferred to short NZD knowing that JPY will tend to rebound this week after a few days of weakness last week.
Eur stronger due to Europe continue beating the drum on rate hike. Eur NZD should spike higher
Weakness in USD, price below 50MA in 15min, and if breaks 135.6. then it will drop to 135 price area.
CAD stronger as Oil has recovered. And the price has move above 50 MA.
ECB indicate more hikes in last week statement. Stronger NFP will be negative JPY. EURJPY above all major Moving average
Reason for Short. Oil price is going up which will be bad for CAD. MACD divergent. Price below key MA in 1 hr chart
USD remain weak due to banking issue which will pause any further rate hike.
NZD is stronger and CAD is weaker, CAD is done with rate Hike. and we are also seeing Oil price dropping which will be negative CAD.
Post EUR rate hike. no further momentum in EUR. Will see a pull back for EUR back to 1.1 area