louis2209

louis2209

Canada cut interest rate yesterday and is still under a trade war with the USA. Which is bearish for the CAD. On the other hand, the yen has been attractive as investors seek risk off assets during this trade war. Also, the BOJ has been hawkish this year on interest rate.

louis2209

With economic uncertainty in the US, buying XAU or selling the index is not favourable at this time

louis2209

Following the same reason to my previous CHFJPY sell trade. I re-entered the position at a key resistance level after being stopped out.

louis2209

Selling the CHF against a bullish JPY due to the following; 1. Little or no swap charges on the trade 2. The BOJ is more likely to continue to hike rates, which is bullish for the yen. 3. The SNB is more likely to continue to cut interest rates.

louis2209

Price slightly missed my initial Daily long entry. So I bought at the retest of the 4hour support level. FA: With Trump still positive on tariffs and inflation still a concern to the FED with FOMC decisions and Statements to be out soon the market expects hawkish statement from the FED chair today.... we could be surprised

louis2209

The USD remains macro economically better than CHF with inflation still a concern in the US. Technical price retested trend line and is heading North

louis2209

Price reached a resistance, in confluence with the inner trend line. Macro economics and Economic data supports the USD against it's pairs

louis2209

Following the expected interest rate hike in Japan due to Inflationary concerns and the slow down in rate for the CHF. Together with the downward trend. I took a sell at the retest of a broken resistance now turned support.

louis2209

Following Trumps inauguration, President Trump didn't speak on his supposed tariff hike which caused the DXY to sink and the futures market to remind steady.

louis2209

In anticipation to Trump 2.0 today and expecting the U.S president elect to re-afirm his position to raising tariffs which is inflationary and should cause the USD to rally. Technically - price is retesting a support level after a pull back breaking a counter trend line.

louis2209

On the daily time frame gold is in a descending channel and on the 1 hour time frame gold is forming a head and shoulder pattern to the downside

louis2209

On the daily chart gold is in a descending channel and on the 1 hour chart gold is forming a head and shoulder pattern, moving to the down side