Hi , It's me Max again, hope you guys are trading well. Check out the my chart drawn for EUR/USD. Fundamental reason: USD: - continue focus on 10 year treasury yields, and rate hike rate expectation for 2018. EUR: - not so good datas recently for EZ economics, and the continue need for stimulus should make EZ lag behind US, and especially with the Brexit...
Hi Guys, It's me Max again, hope you guys are trading well. Check out the my chart drawn for NZDUSD. Fundamental reason: NZD : nothing much happened, this morning we had RBNZ Gov Spencer Speaks, but pretty normal and the market went breakout at this time. I guess the market pretty comfortable with RBNZ's policy at the moment and follow AUD's move...
Hi Guys, It's me Max again, hope you guys are trading well. Check out the my chart drawn for USDJPY . Fundamental reason: Big shift in USD weakness to strength overnight. Shown in EUR, GBP, AUD and NZD. Especially USDCHF have continued higher after ECB announcement. Big data today first is BOJ Monetary policy, it's been widely expected to leave rate...
Hi Guys, It's me Max again, hope yo guys are trading well. Check out the my chart drawn for USDJPY. Fundamental reason: given today's big news still concerning with USD weakness theme - ''Trump Confronted Cohn on Trade Hours Before Resignation, Sources Say" from Bloomberg. The first downward move happened in Asia session, now after consolidation between...
Hi guys, check out the following chart drawn for AUDUSD, The pair should be in a good solid uptrend for today and possibly next couple of days. The pair just bounced off strongly at upward trendline at the bottom and that is also the 110MA which became support from resistance before. Especially given there's a GDP data coming up, if better than expected, we...
Hi Guys, looking at the picture above, for USDCAD it has been in a strong uptrend recently mainly due to the weakness in CAD compared with the strong performance of GBP and EUR lately. Looking at my chart, you can see prices are holding up at short term MAs, and even with a good trendline drawn. We as a smart trade need to follow the trend not fight...
Hi Guys, Please check out my Chart, this article is about the NZDUSD. From the current trend analysis, in the previous days, NZDUSD has been in strong downtrend. Given the performance of USDCAD, if there's a something good to tell, it could mean something is good to go short again. especially after failed double top this morning at 72.40. The previous...