Vitezabraham

Vitezabraham

Uncle Sam has another batch of high-quality reports scheduled for today, so I'm keeping a close eye on this currency pair. On its short-term chart, the AUD/USD has been cruising higher, with rising lows connected by an ascending trend line. If the US reports cause volatility, another pullback to this support zone is possible. The Fib retracement tool indicates...

Vitezabraham

With the release of August producer prices and consumer retail activity in the United States, you can bet I'm looking at USD pairs! I'm keeping an eye on the NZD/USD, which has been making higher highs and lower lows since finding support at.5890 levels this week. As you can see, the pair encountered resistance at.5945 earlier today and has since retreated to...

Vitezabraham Updated 

In a few hours, we’ll see the U.S. CPI report for the month of August. Word around is that we’ll see much higher headline numbers thanks to higher oil prices, but that core CPI may see some pullback from its 4.7% y/y July reading. If core consumer prices don’t decelerate fast enough for the markets, or if the headline CPI comes in WAYYY higher than expected,...

Vitezabraham Updated 

With not a lot of top-tier data releases scheduled during the U.S. session, traders may focus on the U.K.’s jobs numbers and extend GBP’s intraday downtrend. I’m looking at GBP/USD as it’s currently hitting the S1 (1.2470) of the 15-minute Pivot Points. Think Cable still has room to fall? GBP/USD may hit the 1.2460 previous support zone in the next couple of...

Vitezabraham

Hello Traders! BOE rate outlook continues to improves following uk CPI Heading into todays European trading session, the risk tone is mixed. Asia - Pacific indices are weaker, measures of volatility mixed and safe heavens pressured. Leading Asia-Pacific indices to the downside is the ASX 200 at -0,68% followed by the Topix at -0,61%, the Hang Seng at -0,49 and...

Vitezabraham

Hello Traders! A high conviction trade is in the table, anything around 80.200 region is very good. Place stops below the supply zone. Take profit at the highs. Fundamental Drivers New Zealand Dollar (NZD) Fundamental Bias: Bullish 1. The Monetary Policy outlook for the RBNZ At their Oct meeting, the RBNZ delivered on expectations to raise the OCR to...

Vitezabraham

Hello Traders! We approached a significant support zone also having a strong fundamental upside bias. Enter at trend line break or the breakout of the zone. Stops below the zone. Take profit at the highs. Fundamental Drivers Great British Pound (GBP) Fundamental Bias: Weak Bullish 1. The Monetary Policy outlook for the BOE The BoE took a hit to their...

Vitezabraham

Hello Traders! A technically and fundamentally appealing trade is developed in the Australian Dollar Against the Japanese Yen pair. Enter at lower timeframe trend line break. Stops below the last supply zone. Take profit at the swing highs. Fundamental Drivers: Australian Dollar (AUD) Fundamental Bias: Neutral 1. The country’s economic and health...

Vitezabraham

Hello Traders! We have a nice technical setup to the upside as we approached and bounced back from a higher timeframe trend line and broken a lower timeframe one. Fundamentally I expect a risk on environment for next week with some dollar weakness and us10y lower witch could support the idea. Manage risk below the 60000 psychological level. Have a great...

Vitezabraham

Hello Traders! A follow up to my recent trade idea on cardano upside. If we break this short term trend line to the upside we can see more buyers come in. Manage risk as labelled below the support area. Have a great day! Regards, Vitez

Vitezabraham

Hello Traders! We have a fundamental approach for cardano longs as a working proof of stake. We approached a daily trend line and a significant support level. Wait for a 1-2-3 confirmation or a trednline break on the lower timeframes. I recommend take this on Monday as there's thin liquidity on weekends because banks are closed. Have a great weekend! Regards, Vitez

Vitezabraham

Hello Traders! We approached a key level and managed to break an hourly trend line that's enough for a technical entry also having a strong upside bias for the pair. Entry at market or buy stop order at the break is valid. Manage risk below the last significant support area. Fundamental Drivers: Great British Pound (GBP) Fundamental Bias: Weak Bullish 1....

Vitezabraham

Hello Traders! We approached a significant support area and having a strong fundamental and seasonal upside bias for the New Zealand Dollar against the Japanese Yen. Enter at market is possible manage risk below the support area. Fundamental Drivers: New Zealand Dollar (NZD) Fundamental Bias: Bullish 1. The Monetary Policy outlook for the RBNZ: At their Oct...

Vitezabraham

Hello Traders! The volatility of the sp500 and the price of the sp500 is in a very strong negative correlation, in the past 90+% of the time when the s&p made a new low and vix didn't made a new high that was the bottom and vice versa for the top. We also reached a key fib level. If we see more confirmation I'm confident taking risk off positions from this...

Vitezabraham

Hello traders! TD Securities have opened a new buy trade on usdcad entry: 1.2413 stop: 1.2200 target: 1.2750 Rationale: We add a long usdcad position to our fx model portfolio and target a move to 1.2750. A lot of good news appears in the cad price. Since September fed meeting, the cad has registered one of the largest builds on our positioning tracker. This...

Vitezabraham

Hello Traders! Early rate hike priced in for the pound, that may not come as soon as expected. So we can see an overstretched position also if we see more vix upside along risk off sentiment that supports the trade as well. Euro (EUR) Fundamental Bias: Weak Bearish Primary Driver: 1. The Monetary Policy outlook for the ECB Rationale: The ECB provided an...

Vitezabraham

Hello traders! I expect more upside for the dollar both technically and fundamentally. Fundamental Bias: Weak Bullish Primary Driver: 1. The Monetary Policy outlook for the FED Rationale: More hawkish than expected sums up the Sep meeting. The FOMC gave the go ahead for a November tapering announcement as long as the economy develops as expected with their...

Vitezabraham

Hello Traders! Todays NZD CPI came a lot bigger than expected, also even Japan has Inflation impact this rise the concern of high inflation sooner rate hike. That would lift the currency. United States Dollar USD Fundamental Bias: Weak Bullish 1. The Monetary Policy outlook for the FED More hawkish than expected sums up the Sep meeting. The FOMC gave the go...