Quantili

Quantili

A previous ascending move for GBPUSD may be already exhausted, and now it has high odds for the liquidation break to the downside. Now, it is located near intraday resistance. I consider going short with tight stop and and target around 1.3100.

Quantili

I consider going short from the current level (1.1808). The instrument has broken out from a previous trading range and has the odds of continuation to the downside

Quantili Updated 

The US Dollar is now under pressure again. The probability of interest rate hike in September is very small. Nothing prevents Euro from testing psychological 1.2 level. Open interest for Euro fx future contract expiring in September had increased more than 2% (93331 contracts) on Friday. I consider placing a long trade from a pullback, or in case it doesn't...

Quantili

Japanese yen has a strong seasonal tendency to grow across the board against all major currencies. It opens an opportunity to buy Yen on pullbacks. This time, CADJPY has appeared on my watchlist with an opportunity to go short.

Quantili

There's nothing really interesting in today's markets. When volatility goes down, we have to shift to lower time frames and search for trades there. Today, there's USDZAR on my watch list. It might pull back from intraday resistance area and head toward the lower area (it's built with the help of ATR on a daily chart).

Quantili Updated 

EURCHF has been rallying to the upside over the course of previous 2+ weeks, following strong Euro and relatively weak Swiss Franc. In such circumstances, it is reasonable to expect a test of the area around previously established highs (from previous Friday). Many economic stats for Eurozone is going to be released during the next week. Euro is, possibly, still...

Quantili

Chart of EURMXN is leaning to the upper side of a formation, which was built right below the intermediate term high from May 2017. In case, current previous day's high is broken, we may see development of a short-term ascending rally toward the target area.

Quantili

We've seen S&P500 futures chart climbing to the new all time highs since November 2016 (Trump rally). Risk appetite has become so strong that market had lost "fear" entirely, which resulted in decreased volaility. Such a smooth rally will end sonner or later, and volatility of S&P500 has to grow. I'm not saying that stocks will drop straight to hell, price action...