Favored trades this week: EUR/USD, USD/CAD, GBP/USD, GBP/JPY, GBP/CAD and EUR/CAD. Specific break points are associated to EUR/NZD and EUR/CHF. EUR/AUD and GBP/CHF no giant thrills.
2 way trades offered again, this week USD/CAD, EUR/CAD, EUR/AUD and GBPJPY.
USD/CAD Break point 1.3259, below targets 1.3122, 1.3078 and longer term 1.2758. Deep caution this week at 1.3066 and 1.3053.
Strategy. Any price above 1.3259 is fair game for shorts. Below 1.3259 targets 1.3078 and must cross 1.3168 and 1.3122. Long 1.3078 to target 1.3123 and 1.3168. Above 1.3259, short 1.3343 and 1.3393 to target 1.3260 and below 1.3259 then target 1.3168. Short only strategy.
2 way trades offered again, this week USD/CAD, EUR/CAD, EUR/AUD and GBPJPY.
USD/CAD Break point 1.3259, below targets 1.3122, 1.3078 and longer term 1.2758. Deep caution this week at 1.3066 and 1.3053.
Strategy. Any price above 1.3259 is fair game for shorts. Below 1.3259 targets 1.3078 and must cross 1.3168 and 1.3122. Long 1.3078 to target 1.3123 and 1.3168. Above 1.3259, short 1.3343 and 1.3393 to target 1.3260 and below 1.3259 then target 1.3168. Short only strategy.
Trade active