Wait till after AUD CPI results. Looking for this to touch the support line one more time before a gradual rise higher.
During times of potential risk off, DXY might be looked at as a safe heavan for capital flows. Combined with US earnings this week, im looking for short term strength in the dollar. Follow closely through the week as it creates a bear flag, potentially one more move on the upside bear flag
With upcoming AUD CPI on Wednesday, NZD seems to be in bull flag formation making a move lower in the short term
Short entry after RBA decision tonight at 03:30 UK time
Weekly Fundamentals: (High Risk events) Friday 10th March 13:30 GMT - CAD - Unemployment Rate (Previous: 6.8% Forecast: 6.8%) 13:30 GMT - CAD - Change in Unemployment (Previous: 48.3k Forecast: -15.5k) Analysis: Looking to enter a long position once there is a break of 1.64660. The is MACD confluence on 1W and 4Hr. Waiting for the 1D time frame to show this...
Weekly Fundamentals: (High Risk events) Friday 10th March 13:30 GMT USD - NFP (Previous: 227k Forecast: 190k) - Note: Recent FED rhetorics have been hawkish with a March rate hike almost certain. A very poor NFP figure would be needed to make a bearish impact 13:30 GMT USD - Change in Unemployment (Previous: 4.8% Forecast: 4.7%) Analysis: Looking to enter...
Weekly Fundamentals: (High Risk events) Tuesday 7th March 00:30 UK time - AUD Retail sales 03:30 Uk time - AUD Reserve Bank of Australia Rate Decision (MAR 07) Wednesday 8th March 08:15 UK time - CHF CPI Thursday 9th March 06:45 - CHF Unemployment rate Analysis: Watching this closely over monday night. I am looking for a position to sell in the next 2...