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LLOYDS BANKING GROUP PLC ORD 10P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), CANADIAN OVERSEAS PETROLEUM LIMITED COM SHS NPV (DI), VODAFONE GROUP PLC ORD USD0.20 20/21, TESCO PLC ORD 5P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Testing new strategy
Pair trading within a wedge formation at the moment, weak NFP could push this down further and cause a breakout out of the wedge.
Looking for the current daily candle to close as a bullish engulfing, if so, looking for upside towards 110 psych level. take profit set a little under
Expecting further downside to this pair, given weak data on USD and strong bearish candles on the daily tfs
We are still in this trade, looking for a continuation to weekly level of 1.37
This could be a choppy move, as we are at a significant monthly level
Medium/long term trade
Weak dollar, pair looking to go to next monthly resistance level. Medium long-term move
USD is currently seeing some weakness in the markets. NFP expected to give weak data today, could spur the momentum on quicker than expected. Target Level 1.24000, medium/long-term trade
Sterling still weak whilst the New Zealand dollar remains strong. Probable bearish continuation, but mindful of heavily oversold level. Expect move to be choppy. First target 1.76375, big long-term target thereafter of 1.70000.
Expecting a small retracement on open before continuing onto the current downtrend.
Also mindful of a a gap on the market open, will dictate possible entry, but my bias for this pair is short, targeting support level 1.67000 in extension. First target 1.70812
Recent double top formed, potential downside continuation, in extension to 112. Yen already showing strength going into Japanese economic data this week, as well as CHF showing some bearish forecasts on their releases this week. Expect a fairly nice move here over the next few days
AUDUSD - Long-term bearish bias
RSI indicating some way to go to reach oversold levels
GBPJPY possible retracement leading to further downside. RSI on the daily going through a turn away from overbought levels, expect further sell off