Considering the current macroeconomic indicators and market sentiment, I believe there's a strong case for going long on USD/CAD. The US dollar has been showing signs of strength, bolstered by the Federal Reserve's hawkish stance on interest rates in response to inflation concerns. This contrasts with the Canadian dollar, which, despite Canada's robust commodity...
The slight decline in the past month and more significant year-to-date decrease in EUR/USD might indicate underlying bearish sentiment in the market. Traders might interpret these trends as signals that the Euro could continue to weaken against the Dollar. However, it's important to approach this with caution and consider the inherent risks of trading. Currency...
Going short on NZD/USD could be a strategic move if you anticipate the US dollar appreciating against the New Zealand dollar, driven by a combination of higher US interest rates, robust economic indicators in the US outpacing those of New Zealand, and global market conditions favoring the safety of the USD over smaller, more volatile currencies. Factors such as...
I'm looking for a short position to the two targets on chart i will wait till the price moves below the support area. After hitting target will take a half position.
Will see what happens but looks like a bear flag. We have news coming out tomorrow could see big drop.
Have my targets set for the lows see how this trade will play out. Happy trading.
Will have to see how this plays out trust the trend its your friend :).
Aud going long till target looks like we might need to wait for news before it runs.
looks like were going higher to the next resistance zone.
NQ is ready to make another move higher. Expect an exiting week.