WhosPipsAreTheseAnyway

WhosPipsAreTheseAnyway

Risk off mood is running strong with no lows in place, stocks continue to drift lower while bonds continue to get paid. Short USDJPY @ 109.85 TP - 108 SL - 111

WhosPipsAreTheseAnyway

Stocks getting hammered with this risk off mood and although it might not be the time to go bottom picking, I certainly don't want to miss out on this dip. As things stand, the UK is set to open up in the coming weeks, vaccine roll out continue to be a success, and therefore I am adding some FTSE100 to the list of things to buy. Long - 7030 TP- 7300 SL - Nothing...

WhosPipsAreTheseAnyway

Long GBPJPY - Swing trade idea. I have bought GBPJPY at 151.35 as I feel this move lower is now exhausted. No interest in getting too carried away during this risk off mood, however I feel the run has gone a long way and if we had to see the dollar start to fall, that would cause GBPUSD to rally pulling up GBPJPY along with it. On the other hand, if the USD stays...

WhosPipsAreTheseAnyway

EURUSD remains heavy while below the 1.1980 fibbo resistance. DXY is bullish has been driving this pair lower. I expect a continuation to the downside and have therefore sold the bounce in EURUSD at 1.1920. Short @ 1.1920 TP: 1.18 (Just ahead of the 1.1795 fibbo support) SL: 1.1980 (just above the 1.1975 fibbo resistance) Good luck

WhosPipsAreTheseAnyway

This pair has rallied a long way since the recent lows at 151.40 area... I expect the GBP rally to start slowing and therefore have started to fade this pair at the 155 level. My stops will be implemented if we break the old upper limit of the downward trend line around 154.30 level. JPY has been fairly muted as of late, so this is effectively a cable trade...

WhosPipsAreTheseAnyway

Cable is retesting the 1.3960 resistance area with the key pivots up at 1.3980 and 1.40 level. I would therefore look to sell GBPUSD around the 1.13980 level and would add another sell around the 1.40 level and stop both clips around the 1.4027 (61.8%) fibbo resistance lvl . I remain a dollar bull and therefore continue to sell the rallies in this pair. GBPUSD...

WhosPipsAreTheseAnyway

GBPUSD has broken the 1.40 upward trend line, the 1.40 pivot level as well as the 1.3959 fibbo support and continues to look heavy. Dollar is strong post the recent FOMC meeting and we see no sign of this slowing anytime soon. I would therefore look to sell GBPUSD around the 1.13960 level and would add another sell around the 1.40 level and stop both clips around...

WhosPipsAreTheseAnyway

AUDUSD has just broken the 0.7619 fibbo support line as well as the 0.7586 upward trend support line and continues to look as heavy as you like with the US dollar rallying on the back of the recent FOMC meeting. DXY looks strong and is set up to continue climbing. Id therefore look to sell AUDUSD around 0.7575. TP: 0.75 SL: 0.7619

WhosPipsAreTheseAnyway

DXY has bottomed out around the 89.50 level and has continued to grind higher since. The next level that we took out was the 89.90 level which now acts as support and the upward trend line and pivot area. I expect a move higher in the dxy in the coming weeks and therefore I will sell the rallies in EURUSD and AUDUSD and buy the dips in USDJPY. Good luck!

WhosPipsAreTheseAnyway

Long EURGBP @ 0.86 TP: 0.88 SL: 0.85 EURGBP has bounced nicely off the 0% fibbo level (0.85390) which suggests that the low is in place for now. Im looking for a correction or retracement that will take us up to the 50% fibbo resistance or 0.88 level. GBP has been very strong of late however I think it has run out of steam up here and we are starting to see...

WhosPipsAreTheseAnyway

AUDJPY - capped by the downward trendline. Short at 75.40 TP : 73.50 SL : 76

WhosPipsAreTheseAnyway

SHORT AUDUSD @ 0.7250 There is a lot of resistance around this level and we have seen a bounce in the $ index (DXY) at 92.48-50 level. Therefore I expect this pair to turn to the downside. Short @ 0.7250 TP @ 0.7150 SL @ 0.73

WhosPipsAreTheseAnyway

Key area for USDCAD here @ 1.3050-60 area as we have bounced off the key 92.48 support in DXY index. Provided that the level holds, we should see a bounce off these lows in USDCAD and a rally towards the 1.3137 fibbo resistance or even towards the 1.3190 level. From a risk reward point of view, dollar looks oversold here with an RSI around 28 reflecting a turn in...

WhosPipsAreTheseAnyway

Key area for DXY as we approach the 93.00 pivot area and 23.6% fibbo retracement area. We could see further $ weakness if we have a clean break and close below this area. On the contrary, if the support holds - we could see a bounce in the $ and some strength enter back into the market. From a fundamental point of view, the US elections has a massive part to...

WhosPipsAreTheseAnyway

AUDUSD - we saw a test of the lows around 0.70 then bounced back up to 0.7133 . We are fast approaching the 0.7140 downward trend line and sell zone. We could head past the trend line in the short term with all the current swings we are experiencing and I will therefore sell another clip around 0.7175 if we get there. However, if we do manage to stay below...

WhosPipsAreTheseAnyway

AUDCAD is on a downward trend and is capped by the fibbo resistance around 0.9410 and the downward trend line just below that. The asset remains responsive to risk off mood which we could see play out with the current volatility that lies ahead around the US election. We saw it test the 0.9347 fibbo support a few days ago and have since bounced. I remain a seller...

WhosPipsAreTheseAnyway

There is a lot of support in USDCAD around 1.3250 mark. I have therefore gone long the pair at 1.3255 as I expect this level to hold. Target of 1.33- 1.3320. Entry @ 1.3255 SL: 1.3230 TP: 1.3320

WhosPipsAreTheseAnyway

Selling a clip of AUDJPY here at 73.86 ahead of the 73.94 pivot and breakdown area that held on Friday. As long as 74.45 fibbo resistance holds, I remain a seller of the rallies going into the RBA meeting. RSI indicates that the market is overbought and the momentum should start to turn towards the downside. I will sell a 2nd clip around 74.10 if we get there....