Kris88

Kris88

It looks lik there is a wedge forming on EURUSD. US Dolar lately is in downtrend. Also don't forget, that after bombing Syrian targets by US troops, oil price can go up. Oil is possitive correlated with EURUSD. Cherry on top - nice risk reward ratio.

Kris88

I see still uptrend on orange juice futures, nevertheless I see quite potential for correction move. Looks like bears are taking advantage (double inside bars + yesterdays strong bear candle). I think, that it will go down, if it breaks yesterdays low. Target is at 141.75, but I would move stop loss on break even level if it hits support on 145.20.

Kris88

Yesterday trade balance in Australia was below expetations (0.86B vs. 1.78B) which deppreciate AUDJPY below 87,5. Nevertheless today's retail sales was quite optimistics (0,3% vs. 0,2%). It's not a perfect data compared to the last read of this publication (0,6%), but fact that AUDJPY is now in support area and also Japan 10Y bond yield are descending, it could...