GBPUSD has reached some strong daily support. Looking to buy on the week ahead.
GBPAUD is about to test a strong support level. I'm about to go long on this pair based on this proved weekly turncoat. There are no economic news of high importance that I expect during this week apart for the medium impact Westpac Leading Index MoM, which I feel will not impact the AUD much.
The market did not like UASA union accepting Sibanye-Stillwater wage offer as this could impact the bottom line. There is a strong support on this area and I will be looking to go long.
NZDCAD just broke through some solid support. I'm looking to go short from golden ratio to another golden ration. All the best.
NZDCAD has shown some volatility at this resistance zone and it is proving to be a valid zone. I'll be shorting this pair for the week and the week ahead. Please apply risk management to your trades. Disclaimer: Please note, my set ups are purely technical, fundamentals play a huge role in currencies. Be aware of any fundamentals at play and trade accordingly.
Gold is going longer as it has shown some volume at this point.
EURUSD is heading to a strong support zone. I will be looking to go long at this point.
EURAUD has found some solid support on a weekly timeframe. I will be going long on this position. This is purely technical, please be aware of fundamentals which might take place such as the Markit Manufacturing PMI Flash and a couple of other reports from the UK. All the best.
NZDCAD is about to reach a strong turncoat. There is a possibility that it will break and retest for a long, but I'm going short before the long entry.
GBPJPY has found some resistance. Enter a short position.
Ready to short GBPAUD as it has reached a major resistance. This area has provided some resistance before and it is providing it currently as well. Good luck.
GBPJPY is still going long of a while as it just turned at support. I am waiting for a retest and but opportunity. Note: This is purely based on technical analysis. Good luck and happy trading.
AUDCAD has made its run to the downside as posted on my previous analysis. My prediction currently is for the pair to go long before making a bigger short later this week on next week.
AUDCAD has found some resistance at this area and I'm looking for a good short trade. Good luck.
EURUSD is slowly reaching a buy zone. Looking at the price movement you can see early traders are slowly buying this pair and I'm expecting this to go long soon. Please feel free to comment or question. Please note this is purely based on technical analysis.
Short NZDCAD. NZDCAD just broke support last week and I will be looking to short this pair. Apply reasonable risk. This is the only trade I will be taking this week. Good luck and happy trading!
AUD looks like its going for a losing week next week. The time to enter is now. Look at my previous week trades on AUD pairs and they are looking weak. Apply reasonable risk management.
USDCAD has had an amazing short run. Just entered another trade for a continuation to the down side.