Gbp/Chf could go under pressure as for the resistance and divergence on oscillators.No big fundamentals next week so I wait for slow movements but politics could drive the move. I'm in shorting,lets see.
ConteMax's Blog
USD/CHF
Usd/chf try for a Fibonacci retracement .Should retest previous resistance soon.Trying for higher target during this week,we ll see...
EUR/CAD
Eur/cad at resistance .We should see a retracement soon in this week.Speech from draghi doesn't seems to convince investor in the near term
EUR/USD
Fight between bulls and bears? Eur industrial production well below previous value.
Any exctiment on the dollar will bring the euro down and today is election day...
We'll see !
EUR/CHF
Just took 18+ pips on the Eur/chf in a series of lower lows from a long term view,I went short since it's still not showing strong signs to stay above the intermediate resistance placed above.
Also looks like today is strong dollar day and the fundamentals out for the eur are still not 100%clear.
Anyway Iìll check if it can sustain the above level or consider go short again
Also looks like today is strong dollar day and the fundamentals out for the eur are still not 100%clear.
Anyway Iìll check if it can sustain the above level or consider go short again
EUR/JPY
Eur/jpy is in downtrend still channelling and still under control of the 20 M.A. ,there is a bit of fight some 0,9% out of boundaries but I will still look to sell on this pair.
AUD/JPY
Pretty nice divergence on stochastic at good level .Could retest 80.500 area but we'll see if it goes down right away toward 78.00 It could be a good proxy amist chaos together nzd/usd and usd/jpy sell off started yesterday. Also run out form eur today in my account,nice setup ,we'll see.
USD election
US dollar is now more correlated to the presidential favourite than before.Today ,despite good fundamentals we see poor reaction in the currency market and a big drop in stocks.Also the safe heaven currencies are not supported by stimulating(escape from dollar doubts)fundamentals.The EUR looks promising tomorrow especially with the GB for a possible breakout and retest .No way to go short with the dollar since technicals and highly correlation with pools.I decided to hold taking position in mids…
USD vs CAD today
Kind of contrary opinion trading today on the Usd and the Cad,against other pairs.
Technically the Usd could gain some percentage points today but the Cad definetly has to spike up soon or later.
Since this is the last week of contest I took blind risk in regards to fundamentals and I'll be waiting for half a deal on the Opec situation hopefully today.
Big risk but the end of the contest near so, good luck to me.
Technically the Usd could gain some percentage points today but the Cad definetly has to spike up soon or later.
Since this is the last week of contest I took blind risk in regards to fundamentals and I'll be waiting for half a deal on the Opec situation hopefully today.
Big risk but the end of the contest near so, good luck to me.
AUD/USD nextweeks
Aud/us: after a well under consensus employement data release on thursady,looks like aud/usd is entering lateral range market.
There is no revision yet for the data released ,so we'll wait for a possible retest of the 0.7750 area before lateral market and than go short.
I went short right away and I will face any retest and I suggest to take some profits around 0.7530 area and hold the rest for next 10 days of market or more.
In case of a consistent breakout of the above area I'll reconsider my…