Technical: Price bounce of Demand Level. Buying at 50% retracement.
Fundamental: Expected NZD continue to weaken as not rate hike expected. Technical: Broke down of Inside Bar. Trend expected to continue
The long gold rally starts to show pull back. Risk:Reward 1:3 is well within the range once the downside break down occurs.
Fundamental: EURO is still one of the strongest currency this week. Market sell down in US have impacted USD quite a bit. Technical: Strong uptrend still with pull back for buy opportunity
USOil is still in uptrend. Conservative data target for CAD might turn up positive for CAD
NZDUSD has rally for quite a while but 2 pin bar back to back at weekly level.
Been lots of uncertainty, but it pair slowly head south
NFP seems not to move USD much this month and downtrend of USDCHF still continues. This pair broke the inside bar range that has been going on for about a week
In larger time frame, CADJPY is making an uptrend. However, in the past 2 weeks, it is making a pullback to the weekly support level and bounce of upwards.
Price Bounce Off Demand Level. waiting for retest to enter
Fundamental: As new Fed Chairmain comes on board, Fed is expected to have rate hike. Technical: Temporary JPY strength is due to safe haven factor. No news release to stirs up JPY
Fundamental: USD is still long-term strong currency. However the holiday season have causes momentary weakness in USD. Technical: The price action just broke and close above major weekly resistance level around 0.7050 which also a nice BRN. Go long to target just below next resistance level at 0.7200