I suggest that traders short the Norwegian Krone against the USD for the following reasons: /dx has broken out of its ~2yr consolidation pattern amid Trump's fiscal stimulus promises and subsequent repricing of the Fed's hiking cycle in anticipation of higher US growth and inflation. NOK remains highly vulnerable to /cl as >50% of Norway's exports are...
New areas of demand being formed on USDCAD daily chart with monthly demand in control, expecting price to rally higher and break higher to confirm long at Daily demand around 1.3100
GBPCHF is sometimes a quick mover and doesn't give a lot of time to think about it. For that I'm ready to trade a break, it's setting up for a nice move up into the weekly pivot, that's only about 100 pips but I don't kick 100 pips out of bed for eating crackers. If this 1.2565 area doesn't hold, I'll get out pretty quickly, otherwise I'm holding onto 1.2670 for...
We have pattern setting up, we will look for a short if the price goes to our previous resistance