MDSADI

MDSADI

My bias is down, but i always prefer to trade both sides and re enter at better price. Hence i think, if we get a risk off scenario , a spike on low volume on $1520 would be nice. But be prepared to switch bias if price close above $1520. At this point $1485 is offering strong strong support, so i won't consider anything beyond $1510 a good risk reward ratio. My...

MDSADI

Euro/USD is falling forever slowly, but the good thing is you can simply trade it using RSI. Sell while it goes near 70 and buy when it dives under 30 on daily , its been the mechanism throughout the year for 90% case ( welcome to back test ) So look for Buy on Dips or if triple bottom holds, I am interested to buy on new low ( sounds dumb i know ) but looking at...

MDSADI Updated 

Technical Reasons : Head and Shoulders ( Right shoulders forming ) Quasimodo level ( Over and Under, Short trigger area reached ) Ichimoku Bearish Cross Over ( We are still above cloud though ) Set up remains valid unless we get a close above past weekly high Fundamental Reasons : A good GDP growth in USA would raise bonds yield and hence bad for Precious metal...

MDSADI Updated 

Watch US 10Y and US 30Y , Moreover development on trade talks, this is a trade i am placing based on last 5 years seasonal trend

MDSADI Updated 

We have seen downtrend on the pair for past 6 months and clearly the reason been dovish RBNZ cutting rates aggressively. RBNZ would come again in couple of days to storm the markets, i am looking for a buy technically , just waiting to see if RBNZ would BE "LESS DOVISH" this time and not punish the currency with further rate cuts. I am optimistic as NZD's recent...

MDSADI Updated 

Fundamental divergence everywhere

MDSADI Updated 

The trend is clearly up undoubtedly. I would still try a short here at months end closing candle ( with a wide stop loss ). I am expecting a correction either due to positive GDP leading to month end correction or a correction from the 1st week of September due to resuming trade talks . My conviction is a big correction is needed below $1490 to shake out weak...

MDSADI Updated 

The recent support of 1.238 which was broken would soon be tested possibly by this Friday to see if its now the new resistance Its like catching a knife now longing this, but if you look at monthly you would see 1.21-1.22 levels are places where strong bounces seen in the past

MDSADI Updated 

Long term horizontal support can be seen on the left, CAD has already rallied significantly for the year. We shall see some weakness and rate cut down the road, so the plan is to buy on further dips . The target is atleast 1.7000

MDSADI Updated 

With trade tension ongoing and brexit uncertainty, fundamentally it looks like it can easily go beyond 125, but its unlikely that we go down in a straight line, especially when you see on the left their is a long term ascending channel on monthly Now its not like calling a bottom here, but gradually building long position for further recovery

MDSADI Updated 

Should brexit impact only pound it should impact euro as well, the all time high is at .9700. Given the price trend of last five years and interest rate differentials widening due to anticipated eurozone rate cut, euro/gbp doesn’t look like going far even if hard brexit happens ! So i would look for building short for massive drops !

MDSADI Updated 

RBA can go for another rate cut as they suggested and even though on daily time frame we have a ascending channel but its more like a corrective structure. If we look at weekly, we can see the descending channel, unless price breaks above we should be on our way to print another lower low on weekly and reach the flash crash level .67500 or lower

MDSADI Updated 

Markets pricing in dovish ECB due to poor economic data, so unless we see a real rate cut price should hold and get some relief rally towards 10 ema on daily chart likely around 1.11800-1.12000 I am looking for a spike down below 1.11 to place long entry, as the risk would minimize significantly if i can enter long at new lows of the year