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Trying EURAUD short here into the RBA meeting. I think the RBA meeting is underpriced for a potential hike. AUD CPI rose last month and is sitting at 6.8% and we also had minimun wage increase news last week as well. Based on their last meeting the RBA seem to be quite focused on lowering inflation. Meanwhile EUR inflation seems to be falling and with EUR data...

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Trying EURJPY short here. The HMA's are suggesting we're entering a down period again. The EUR narrative has lost a lot of steam with weaker EUR data and falling inflation. We have Germany HICP today which is also likely to drop further based on how inflation numbers have been coming out from Europe so far this week. This should mean a continued fall in EUR...

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trying EURCAD lower here. seem to be forming a flag pattern which i think could break to the downside. narrative wise the EUR is not doing great at the moment, data is coming in worse than expected and inflation seems to be dropping. German HICP is coming out later today and people are expecting it to be low as well. The CAD narrative is doing fine, people are...

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Trying GBPAUD lower here. the RBA just hiked rates which was quite unexpected by the market, i think this now puts into question the moves higher in GBPAUD given we have moved higher since the beginning of february on a policy divergence which is now not so clear cut. Wit the china reopening narrative in the background as well i think we could see a decent move...

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attempting usdcad lower here. potentially forming some tops at this resistance area. overall the CAD narrative has been improving, the economy is good and commodities overall are doing well. The US data continues to come in weak and i think that continues, which shouldn't be good for USD as people could take this as less hikes and more cuts from the fed going...

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Trying EURAUD lower. We have a potential double top forming from way back. I think the narrative is changing in favour of AUD. The RBA minutes were more hawkish than people were expecting and the next meeting is live for a potential hike depending on future data. China data has been good and i'm expecting AUD data to be good on the back of this and a relatively...

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Trying USDJPY lower here. We're right at a pretty nice resistance area on the pair. The USD has recently been rising on better banking sector earnings/less stress and so the market is expecting the fed to hold, also on a dovish BoJ. There was just a statement from the BoJ that was a little hawkish and i think it now worries some of the people long USDJPY as we...

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Trying AUDCHF higher here. potential double bottom forming here. The RBA minutes were slightly on the hawkish side but not too much change - we did have strong china data last night though which should be good for AUD. AUD has been very lackluster recently and this could give it the boost that people have been looking for. Overall the AUD narrative has been...

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Trying CADCHF higher here. some good hammers on the daily chart for the pair right at a support area. the CAD narrative is changing i believe and becoming better, the economy is doing well and now that other central banks are nearing peak rates the dovish BoC over the year so far is less of an issue for CAD. rate differentials and oil and pointing higher for...

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Trying GBPCAD lower here. potential double top forming at a decent resistance level, this resistance level is also there for GBPUSD. the CAD narrative has been improving lately, economic data has been good, the labour market is strong and inflation is still quite high. We have the BoC meeting this week and while i don't think they hike i think they could be a...

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Trying EURJPY lower here. Nice shooting star on the daily chart right at resistance - this being the price just before the hawkish BoJ meeting in December, also a potential double top forming here as well. In terms of fundamentals i think we see a move lower here. I am expecting that global inflation starts to come off soon which should mean lower yields and a...

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Trying NZDCHF lower here. We could get a potential break lower in this triangle that's been developing. Overall the trade idea makes sense i believe, NZD has not benefitted from a hawkish hike from the RBNZ and i believe this is because of the recent weak data from the US. I've been seeing a lot of people concerned about a potential recession coming to the US...

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Trying AUDJPY lower here. potential double top forming here. Overall the narrative is in favour of a move lower, the RBA were pretty dovish today and seems to be the end of the tightening cycle while the BoJ are likely to get started this year and will likely see people positioning for it. the rate differentials are near the lows while the pair is near the...

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Trying EURAUD lower here. A couple red flags are popping up for me for this new high in EURAUD. Looking at the RSI on the daily chart we've made a bearish divergence while also being at a double top area on the daily chart as well. narrative wise i think it somewhat makes sense with a hawkish ECB and some nervousness in the markets. I think a hawkish RBA is...

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Trying AUDUSD higher here. We have a double bottom that formed a couple of weeks ago. the narrative has shifted, everything that was benefitting the USD has now stale/no longer helping. The market has priced in a peak fed in terms of hawkishness/rates, us yields have fallen quite a lot, US data is decent but very mixed. As far as i can see the USD is benefitting...

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Trying EURAUD lower here. We have a rough quadruple top here which should help limit the upside. The narrative for AUD has been turning better recently, the labour market is strong and data coming out of australia overall has been good. The hawkish ECB narrative has been hit recently a little by the banking worries and so could limit the upside as well. I am...

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I think i like trying gold lower here. Looking at the RSI we've started to get bearish divergence on the 4 hour and 1 hour charts. We've also topped out around these levels since Wednesday. I imagine a lot of people went long gold over this week due to all the banking worries and lower US yields. You can see from the chart that gold has been very inversely...

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Trying AUDUSD higher here. potential double bottom forming around these levels. There's been some good developments for SVB over the weekend that should mean a risk on move over Monday. the USD narrative has also been hurt by last week. We had lower USD wage data and US bank worries which could mean a more cautious fed going forward. This combined with a good...