EURUSD has broken the tail of the daily and weekly bullish hammers overnight. This could be a clear out of stops before a move higher but until the trend changes I am a seller of rallies.
USDCAD is the only worrying chart. After the BoC removed its lower for longer language the market is pricing in a rate hike very soon. USDCAD often leads the way so I am ready to be wrong but I am looking for price action to buy USDCAD at the 78.6fib level at 0.9900.
Fabulous earnings from Apple last night mean today will no doubt start with a rally in the indices and commodity currencies.
GBP is well supported this morning with the market expecting much better unemployment numbers in a couple of hours.
EURGBP is working out well and on its way to my target of 86.00
Trades:
AUDUSD short stopped out (-1R)
BRENT CRUDE stopped out (-1R)
EURGBP closed 50% @3R 0.8720 (+1.5R)
BRENT CRUDE short 85.50 stop 85.75 target 80
SILVER short 17.850 stop 18.000 target 17.400
NZDUSD short 0.7110 stop .07125 target 0.7045
EURJPY short closed 50% @3R 124.35 (+1.5R)
EURUSD short addition closed 50% @3R 1.3365 (+1.5R)
AUDUSD short 0.9296 stop 0.9326 target 0.9216 / 0.90
BRENT short stopped out (-1R)
EURJPY balance stopped out 125.05 (+0.5R)
SILVER short stopped out (-1R) - in retrospect a dumb trade
BRENT CRUDE stopped out (-1R)
EURGBP closed 50% @3R 0.8720 (+1.5R)
BRENT CRUDE short 85.50 stop 85.75 target 80
SILVER short 17.850 stop 18.000 target 17.400
NZDUSD short 0.7110 stop .07125 target 0.7045
EURJPY short closed 50% @3R 124.35 (+1.5R)
EURUSD short addition closed 50% @3R 1.3365 (+1.5R)
AUDUSD short 0.9296 stop 0.9326 target 0.9216 / 0.90
BRENT short stopped out (-1R)
EURJPY balance stopped out 125.05 (+0.5R)
SILVER short stopped out (-1R) - in retrospect a dumb trade
Open trades:
EURUSD short 136.30 stop 1.3655 - 1/2
EURUSD short 1.3485 stop 1.3525 - 1/2
CRUDE short 85.98 stop 86.40 - 1/4
EURGBP short 0.8765 stop 0.8780 - 1/2
NZDUSD short 0.7110 stop .07125
AUDUSD short 0.9296 stop 0.932
NZDUSD short 0.7110 stop .07125
AUDUSD short 0.9296 stop 0.932
Posts
Good gal Nic, made right choice in shorting crude.... seems it has been held by someone @ 645 level. Pound is bullish for this week and won't go down much until election. Who knows the fate of this puppy after that. I think it's time to say goodbye to EU. That sucker is in a whole lot of mess. Look at equities and currencies, no match at all. Wonder what's going to happen when markets are looking for correction.
ReplyDeleteI think IR rise will be on the cards to prevent currencies tanking.
Hi Ams
ReplyDeleteI managed crude very badly, leaving it for today. Commodity currencies down but commods just choppy today. Correlations all messed up!
EURGBP - that weekly wedge is about to go ...