Vitezabraham

Vitezabraham

Hello Traders! We approached a key level and managed to break an hourly trend line that's enough for a technical entry also having a strong upside bias for the pair. Entry at market or buy stop order at the break is valid. Manage risk below the last significant support area. Fundamental Drivers: Great British Pound (GBP) Fundamental Bias: Weak Bullish 1....

Vitezabraham

Hello Traders! We approached a significant support area and having a strong fundamental and seasonal upside bias for the New Zealand Dollar against the Japanese Yen. Enter at market is possible manage risk below the support area. Fundamental Drivers: New Zealand Dollar (NZD) Fundamental Bias: Bullish 1. The Monetary Policy outlook for the RBNZ: At their Oct...

Vitezabraham

Hello Traders! The volatility of the sp500 and the price of the sp500 is in a very strong negative correlation, in the past 90+% of the time when the s&p made a new low and vix didn't made a new high that was the bottom and vice versa for the top. We also reached a key fib level. If we see more confirmation I'm confident taking risk off positions from this...

Vitezabraham

Hello traders! TD Securities have opened a new buy trade on usdcad entry: 1.2413 stop: 1.2200 target: 1.2750 Rationale: We add a long usdcad position to our fx model portfolio and target a move to 1.2750. A lot of good news appears in the cad price. Since September fed meeting, the cad has registered one of the largest builds on our positioning tracker. This...

Vitezabraham

Hello Traders! Early rate hike priced in for the pound, that may not come as soon as expected. So we can see an overstretched position also if we see more vix upside along risk off sentiment that supports the trade as well. Euro (EUR) Fundamental Bias: Weak Bearish Primary Driver: 1. The Monetary Policy outlook for the ECB Rationale: The ECB provided an...

Vitezabraham

Hello traders! I expect more upside for the dollar both technically and fundamentally. Fundamental Bias: Weak Bullish Primary Driver: 1. The Monetary Policy outlook for the FED Rationale: More hawkish than expected sums up the Sep meeting. The FOMC gave the go ahead for a November tapering announcement as long as the economy develops as expected with their...

Vitezabraham

Hello Traders! Todays NZD CPI came a lot bigger than expected, also even Japan has Inflation impact this rise the concern of high inflation sooner rate hike. That would lift the currency. United States Dollar USD Fundamental Bias: Weak Bullish 1. The Monetary Policy outlook for the FED More hawkish than expected sums up the Sep meeting. The FOMC gave the go...

Vitezabraham

Hello Traders! We can see there is a divergence on the us10y-usdjpy positive correlation. Technically if we break down from this current triangle pattern, we should see a move lower to the 112 region. Fundamentally the pair is bullish, possible reengagement for the upward move around 112. Have a nice day!

Vitezabraham

Hello traders! Heading into todays European session, risk tone is leaning risk on. Asia pacific indices are positive, measures of volatility subdued and safe havens pressured. Australian Dollar ( AUD) Fundamental bias - Neutral 1. Country's health and developments. There are 4 key drivers we are watching for Australia’s med-term outlook: The virus situation...

Vitezabraham

Hello Traders, A Head and shoulders is forming in favour of aud against the jpy. Any risk off tone invalidate the signal. Have grate week.

Vitezabraham

Hello Traders, Both fundamentally and technically there's a nice setup for the pair for further gains.

Vitezabraham

Hello Traders, This current compression at the daily supply zone, and the interest in the pair for the upside for both European and British banks as indicated in the open, would favour more upside in the pair. Stops below the last supply zone. Take profit at pivots and the daily trend line. Have a great day! Vitez

Vitezabraham

Hello Traders, For a short term upside I labelled the optimal entry for USDCHF. For more info have a look at my previous post. Have a great week! Vitez

Vitezabraham

Hello Traders, We have broken an important monthly trend line this is short term bullish for the pair. Yield spread and order flow indicates the labelled levels to hold back the currency and make it move down to the year end. Short term upside. (Check out my next post.) Medium term downside. Green lines are sell limit orders. Pink areas daily...

Vitezabraham

Hello traders, We have seen a good reaction from the above weekly supply level from the currency. We have a 0,1 expected cpi print which is very low compared to previous numbers if we see a print greater then the forecast that would good cad, also day is at key pivot we can take a breather from here. Stop labelled take profit demand levels labelled. Have a...

Vitezabraham

Hello Traders, A potential entry for a move down is forming o the dollar index, you can take this trade inverse on the eurusd. Take profit at pink zones which are H4 demand zones. The black zones are weekly demand and supply.

Vitezabraham

Hello Traders, A potential order follow trade is waiting for us. You can either enter at market in the zone or at the precise level I labelled. profit target at demand levels. stop loss higher than the last supply level. Have a great week

Vitezabraham

Hello Traders, We approach a significant level also having a divergence with the FTSE100 and the GB US yield spread. Level labelled. Have a great week! Vitez