EURUSD - Buy, Market Type Bull Normal
EURCHF - Sell, Market Type Sideways
EURGBP - Short, Market Type Sideways
EURAUD - Sell, Market Type is bear normal
We like the odds of GBP weakness vs CHF and potentially CAD as well. MPC member Gertjan Vlieghe said he would vote for a cut in interest rates later this month if key data do not show a bounce in the economy. This breakout scenario looks compelling.
Off the beaten path, EurCad still remains a valid short opportunity after yesterday's bearish close in line with the overall trend. Ahead of NFP tomorrow there might not be much movement but Cad strength has been a theme all week, and the Loonie has been unperturbed by neither the Oil retreat or IVEY PMI. Selling at market near 1.4500 is good value for a test at...
Gold remains in a strong uptrend and has remained supported even though there is no further movement in the Middle East after Iran's retaliation. Reflation? Usd weakness? Whatever it is, buy Gold on dips. Subscribers were alerted to yesterday's buying opportunity. Today simply manage open positions.
The Aussie remains under pressure as bush fires keep a lid on sentiment. Signals for GBPAUD remain bullish in the short-term, and we favour longs on pullbacks to 1.8900. The immediate target is 1.9100
Signals for USDJPY remain bearish into the week, on the back of tensions in the Middle-East. We like shorts anywhere in the 108.00 to 1.0820 zone. Target is 107.00. As usual, keep your eyes/ears on the wires as these moves are headline-driven.
Sentiment turned negative last week and prices fell over 3 Big Figs forming a weekly bearish engulfing. This leaves signals bearish for the coming week and the call is to sell cautiously on the open and then at Tuesdays' low at 142.38. Targets are to the December 2019 bottom at 140.82, the November 2019 low at 139.30 or even the 61.8% retracement of the Q4...
Happy Holiday from all of us here at FXRenew! See you in 2020!
Momentum remains negative on the Dax, and risk off flows have pushed prices down almost 1.5% today. We like the odds of pullback shorts to 13000 or, with tighter stops due to the daily extension potential breakout shorts through today's low.
Signals on Silver remain bearish into this week, as last week ended with a bearish engulfing. We favour pullbacks between 16.60 and 16.80, looking for a push lower towards 16.00.
CAD has gained strength after a boost in Crude Oil prices yesterday plus a hawkish hold from the BOC. We like further downside in USDCAD. Caution on OPEC meeting today. Keep your position small, if you want to take advantage of this trade opportunity.
GBP remains in favour on YOuGov polls showing a Boris Johnson victory in the upcoming elections. Yesterday's Neutral day showed rejection of the lows and points to continuation higher, especially after poor AU GDP. The call is to buy at market with a stop loss below today's lows.
Risk still down on risk-off mood, renewed trade jitters incl China, France. If trade developments continue to play out as Tuesday’s news suggests, then Dec 15th tariffs will go on as planned, and a Phase One Trade Deal won't happen until 2020. Markets are trading with a risk-off tone. The call is to continue shorting Dow, either on a pullback to 27640/27770...
EURNOK strugling near its strong support now there is a high probability to of breakout......
Revolving in TL And Strong support. Now we are waiting for breakout