BayonetMarkets

BayonetMarkets

Pull back in USDCHF presents a good buy opportunity. Fundamentals on both the Dollar and the Swissy remain very interesting. It's a busy day for central bank minutes and commentary and presents a good opportunity for safe havens to get on the back foot.

BayonetMarkets

Busy day for the CAD / US central banks today. Gold is sniffing out a run higher!

BayonetMarkets

Flag formation and trading back into previous support turned resistance. The Pound has had a very slow start this week and this retracement.

BayonetMarkets

Price has pulled back to key supply and demand zone. We are also at 38% retracement of the 1.7305 high

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Following the DB announcement of 18,000 job cuts, and the wider slowdown in Germany, stemming from Trade War squeezes on various industries, the ECBs money printing program is no longer driving the DAX higher. Volume and price trending lower

BayonetMarkets

GBPUSD getting absolutely smashed today. If the bulls fail to build a buy strategy at this price, it's going to get messy.

BayonetMarkets

Price has retraced back into an area of sell / buy sensitivity and presents a good short position, with recent swing highs used as stop protection.

BayonetMarkets

Market opened last night with a double top and a re-test of a previous support turned resistance. German manufacturing / imports and exports at 7am this morning was in-line with Q2 and a heavy miss.

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Bearish flag formation. 100 MA chasing down Daily direction moving lower. Looking for price to dump

BayonetMarkets

Price is approaching relative support and there is an opportunity for the Dollar to run lower ahead / following the NFP result. Fundamentally i remain net short on the Euro / Long Dax. Price needs to build below 1.1250

BayonetMarkets

Typical bullish flag formation forming part of the pull back in price before another run higher. NFP data out at 13:30 Have a great day

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Looking for price to continue its trend lower.

BayonetMarkets

Following the run from 0.6832, price has been playing with a key resistance zone on the daily time frame. Resistance at 0.7019 Price pulled back to its 31.8% retracement level (rally starting at 0.6832) and is now building a case for a run higher. Will be looking for a break above 0.7041 with targets of 0.72

BayonetMarkets

Price has failed to break away from the Daily sell off and we're back into the "channel". I will be looking to see how price reacts ahead of Markit Services today which could produce a poor print. I am looking for a close under 107.54 before going short. Targets 106.20

BayonetMarkets

Following a huge sell off amidst Trade tensions, the USD is finally looking to recover some of it's losses. Looking for price to build off the current 0.9833 level and run higher. Service Sector PMI is due out today which adds an extra layer of risk. US manufacturing data has been way off the mark, acting as a red flag.

BayonetMarkets

A higher proportion of retail traders are net long GBPJPY which is often a very good sign the market is going to crush them lower, however on the 1hr and 2hr chart there is a good technical buy setup. Providing price keeps its head above water at the 136 level I will maintain a buy position.

BayonetMarkets

Price ran out of momentum at 1438 as we headed into the G20 Summit. We now have three technical support zones to lean against. I will be looking for buyers price action at this level, before taking my buy position. Targets present a 1:10 RR trade.

BayonetMarkets

GBP has failed to stay above a key support level on the daily time frame. Price has now made an attempt at a retest before trending lower. The sellers are back in control... I would expect to hold this position for 2 weeks to squeeze out a 4% return.