There are weak data coming from Australia and also possible holiday weakness on AUD. On the other hand fundamental outlook on NZD is neutral, maybe even bullish as there will be latest GDP data coming in a few hours. I think it is a good opportunity to enter to short trades in these moments. SL and TP as on chart. We have a fair RRR - 1:2 to 1:3.
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NZD is currently in the uptrend channel and I think it is a good idea to enter long trade on the dip.
SL and TP as in my chart.
Fundamentals: USD should not have much space to rise as FED rate hike is already priced in the current price of greenback. On the other hand, NZD is a commodity currency and that's why OPEC deal could help it.
In a few days EURUSD is goins sideways in a nice range between (approx.) 1.05622 and 1.06700. I expect a bounce from resistance around this time. This trade has a very good RRR - more than 1:9. TP and SL as on chart.
Although I have entered the trade too soon, I still believe I can cash out a nice profit in short time.
Fundamentals: watch out for NFP tomorrow,...
Fundamentals for OIL.WTI are long-term bullish, as market should react positively towards President-elect Trump's plans of investment projects. At the moment we are near the strong support around 43 USD. Price action on H4 confirms the bullish reversal (Bullish Three-Bar Reversal)
There is a strong resistance around 0.72065, I see great a opportunity to short at current levels. There are not any fundamentals scheduled for NZD til the end of this trading week. Some good data from US could help us in this trade.
Fundamentals: after a deep fall caused by Bitfinex hack the situation on Bitcoin stabilized. The resistance around 580.52 and growing lower ends of candles build a triangle. In my opinion is is a good thing to go long and I think the breakout over 580,52 is only a matter of time. Our first target can be 600 and later 650.
After the TWX earning report the drop in TWX stocks was copied by DIS. I am bullish on both TWX and DIS as they have a good fundament. I consider this situation a good opportunity to add more to my long positions.
