Suspended china production will hit WTI so hard. In other hand opec+ could make some cuts and could spice price for short term
Didnt catched first drop here is perfect entry point again. Many reasons why it will go down. Especially when Corona is in the air. Easy money
XAU and Corona is perfect pair. Corona corona is everywhere, so gold is only up
Fundamentally eur is coming risk off since USD yield rates could collapse faster than eur. Also Bernie could give support as he advocates better ties with Nato allies. This pullback is good time to enter long. No suprise that eur sentiment is bullish. Technicall is strong support. Oversold. I havent seen but read that COT report is slowing down eur short...
No suprize is corona is everywhere. China no work. No work no need for petrol. No petrol no good for CAD. Risky since there is small change someone will attack smth in middle east. As always. We will BE at 82
EURAUD. Eur pmi isnt such good. On top Lagarde and we have nice trade with low risk. On top Aud good job data
Just quick guess. There is a lot of unknown things about it. Especially from China. When people are scary they buy safe heaven. Also there are suspicious cases in USA. Also nice over sold and nice RR and some divergences. My guess that at worst we will be BE if 109.5 will be touched
DOW looks like head and shoulders is coming. I know that i should enter at this point, but current political situation makes it perfect entry.
Why to * Nice reversal candle in 1D * NO surprise that EUR is in almost recession. * No surprise that East Europe and Poland is doing well * Many technical indicators showing good opportunity. * Very good R:R Why not * Politically Poland isnt the best friend with Europe union * Same as always - Trade wars
Why to * Eur productions is worse then ever * Italy political situation (again) * Of course Brexit. Odds of no deal is high as ever * Many technicalls show sell Why not * Trade wars. Couse nzd is proxy of china * Eur COT sentiment is still high
Why to * So far USD have bad sentiment * Good RR * GPB clibs making HL * From daily perspective it is a bit oversold * Economic side also favors more GBP (except brexit economics isnt nice) Why not * Brexit brexit brext. Anything could happen * Same story with dollar
AUDJPY just look at previous candle Rest is same as related idea. Also JPY have good fundamentals and it is save heaven Why not * Bad RR
Why to * Dovish RBA rate statement * Strong support Why not * Anything could happen in UK
Eur is so oversold that it is good time to buy. Only trade wars could impact. Short trade good profit Make it break even at 118.5
Why to * CHF have stable economy * Strong support on 1h and 1D * JPY effected by trade war and new tarif * Both looks like safe heaven, but this case CHF have more point * 1d candles show bullish* Why not * Hard to predict trade war future situation * JPY stronger in Currency strenght
Why to * EUR should retrace after weaker JPI manufcatoring PMI * Some confirmation from technical side * Good R/R Why not * Also comes Germany PMI, which my oh my hard to be lower. * Still bearish trend After it reach 121.2 we could move to BE.
Why to I think nobody will argue that cad is way stronger than AUD Keep rate dessication is good sign for CAD RSI high overbought AUD hit resistance Why to Trade wars could impact WTI demand and it could impact CAD Nothing much more. Pair will go down sooner or bit later
Why to If pair wont make HH it is good sign to sell 240 RSI 60 I still think China have some secret weapons We are seeing some signs of slowing USA economy (as everywhere). RR is good Why not Trade wars Pair is very unpredictable