Technical wise, upon breaking the trendline, it is a signal indicating a sell to go on. Well if it goes the way suggested,it is a good trade where earning ratio is high.
We currently looking into a long position on this pair, well Dollar is still the king, we now do looking for a potential reversal on this pair before jump into it...the idea is all in the chart, take a look n digest it!
As we see, we might be floating within the range bound until either side is broken, I do favor a downside for EUR pair still. SL is above the 1.451 area and TP will be ar 1.446 area.
Everything go up must come down...we be eyeing for a retracement down to fibo 0.5 or 0.618 before it raise to the next high... I believe that brexit seems to be positive at this very moment but none will be certain before the brexit day. Still it is political influence trade with cautious..but there will be hundred to thousand over pips to catch either way so...
Apparently we have a good stock moving up the previous week, but yet we need to watch closely on the market as we have more political related news coming in that will greatly affected the market sentimental. Currently technically, we are looking to long this part up to 27300 area. Just wait for it to retrace a bit lower before long this part..wait for sign before enter.
We anticipate a pull back from this area.now...a tight sl for this trade and let it ride up to 1.23 or 1.24 area...
we have already been in this trade for few time and do anticipate a pullback once more before it officially heading down south. I do reckon trader to wait for a pull back maybe to 1.000 area before short this pair.
We have open a overnight position on USDCAD, our TP will be around 1.328 area...if market is on our side a short drop to 1.323 is possible given if DXY drop further.
From the DXY analysis, we anticipate a fall of DXY to 97.5 region. GBPUSD is corelated to DXY,we expect it goes the same to long this pair up to 1.24 area...only to short it back down to 1.2000 area..
Currently DXY is at a crucial area to determine whether will it be falling back to the trendline or break the previous resistance and head up to 100.50 area. Personally i see a fall of DXY to 97.5a area before this week non farm payroll. USDCAD & USDCHF is a good short opportunity if you went in last week.
We currently shorting this pair from this area and anticipate a further decline to 107.000 or beyong..since currently the chart indicates a double top formation and a break of 107.000 we anticipate a further decline down to 106.5 area. for out TP2
Currently EURNZD is showing a reversal on this and we anticipate a short from this area
With previous week, gold shows weakness after a long bull happen. A retracement is bound to happen. With GOLD weakness which direct correlated with JPY, we anticipate a recover of all JPY cross pair. it is likely that EURJPY will boost back up to the 118.00 region, given that more stimulus. If not Fibo 0.5 is a good TP region. We will analyze more chart n hope...
GBPAUD personally i still anticipate a short, how ever we now at around 1.80000, a close above it most probably will void all short position as it has been 22days(approx) accumulation at this zone, we can put a short from this current position or price lower that 1.80000 with a tight stop lost.
As we see there is inner DTL and a outer DTL. I do anticipate a break up before heading down and eventually break the triangle and head for another low. As currency weakness comparison, Euro weaker compare to NZD. So do wait patiently and see how it move before rushing in this trade
nice short from this area....hitting fibo 0.618 and we have the down trendline hitting soon.....