RoyanC

RoyanC

The bias for GU remains long as we have seen that price has consolidated over the last week which is now leading to a break to the upside possible. This should be even more so relevant given that the DXY is still expected to remain bearish leading into this week

RoyanC

Looking to see the pair rally with early DXY strength expected before selling off as long term the USD is still in a bearish trend. We could also get some consolidation between 1.32/1.33 before it decides to continue its bias. Watch for areas at 1.32 breaking on the daily closing basis as this opens up lows of 1.29/8 NOTE: THIS IS NOT FINANCIAL ADVICE AND IS...

RoyanC

Lots of ranging last week and not much decision with where the market wanted to go. Based on this we are seeing the pair being driven into a small wedge with a break on either side may being a move in a specific direction. Wait for confirmation as there may be some fundamental news that may influence the pair especially with AUD news early Sunday we may see a bias...

RoyanC

News News News. So much to review given the UK's possible withdrawal from the EU and so many other things. BOJ and BOE reports can influence the pair so again im watching closely with expectations of it moving according to market flows.

RoyanC

Unsure of where the week will be given that we have both BOJ and BOE speeches this week. Personally id stay away from the pair for any Buy or Sell definite but rather go through the motions and ride the ups and downs. Leaning to a Long this week but id have to see several factors play out to enter a specific trade. NOTE THIS IS NOT FINANCIAL ADVICE AND IS NOT TO...

RoyanC

Looking to see low numbers this week on the DowJones as fears about new increases in Coid19 cases mount and market begins to contract again. We can see potential zones below being targeted as well as an early bounce up to 26000 before dropping off again.

RoyanC

Gearing up to be a nice Long week for USDJPY as we have seen a slight recovery on the DXY and we are expecting some fairly struggling news for the JPY as we move into the early Asia sessions watch for Bull Traps the expectations is a short bull to a retracement to the line indicated before moving up to prior high zones of liquidity

RoyanC

Watching closely as with Oil expected to fall we can see lower demands for oil and by extension USDCAD can be looking at potential longs. This is also coming off flows as we have had a nice bearish trend which could now be at a break and new trend channel forming.

RoyanC

Biased to Short this week as expectations are a possible short for the Aussie. We can expect a nice Short for this pair as the outlook for USD seems to be fairly neutral.

RoyanC

With the market currently not being able to detemine a set direction a mid yeah approaching with seemingly still no idea of where the market will turn im seeing just basic flows for now. Expectations this week is an early test of 1740 with a drop off to 1710 regions maybe seeing 1700s again.

RoyanC

Well last weeks news on Saturday with Crude Oil Inventories report made sure we saw a huge retracement. This week we are looking to remain bearish on Oil with expectations high that we can see a drop off down to prior lows of 31.5 which if it doesnt hold up we can either see a rebound to 36 zone or more falling off to possible recovery levels of 25.0. This is due...

RoyanC

With the DXY as it is right now, we can see a nice rise up to 28000 this week but an early recovery of the DXY could see a drop back to 26000 either direction will be determined at 26750. With economies set to reopen either stance is unclear but what is certain is that there will be clear movement indication by Monday

RoyanC

This week can see potential scenarios for EURUSD of a short to a long so for now, my stance remains pretty neutral. News candles for USD on Wednesday Thursday and Friday so this week id rather take a step back and watch other pairs and maybe trade the news.

RoyanC

Same as before playing with levels at this point. Allow the market to determine where it wants to go before getting in.

RoyanC

Always be careful of the Aussie pairs as the are hedged to Gold and move with the movement of Gold as well. With opposing Risk On-Risk Off pairings like this it is always prudent to watch before entering and let the market come to you. NOTE: THIS IS NOT FINANCIAL ADVICE AND IS NOT TO BE TAKEN AS SUCH

RoyanC

Both Pairs move in similar ways but at different movement gaps. GBPJPY moved 600 pips last week to EURJPY 's 450 pips. For now, wait for the market to tell you what to do as we have some Brexit news this week early which can wipe out last weeks move. If news remains positive as it was last week and economies futures continue to brighten we can see a nice jump to...

RoyanC

Once again GBPJPY is playing with levels and moving as expected at times even beyond expectations. Last week we only caught about 350 of the potential 650 pips while the risk was a measly 30 pips. once the channel broke and retested on the 15 min it never went back to the zone and made an insane run-up to our weekly take profit before charging even higher heading...

RoyanC

We are hoping to see early retracement on this pair so expectations are for it to head to that 1.35 zone before dropping off again as the market seeks to correct Pre March. With growing concerns for the reopening of the economy, we can see the targeting of that liquidity zone at 1.325 with settling there as news last week for both pairs was relatively good....