The gbpchf pair began the week with a clear upward trend in all the timeframes that we had been dragging for a few weeks. This huge fall that we have this week is due to the bad data from England with respect to the eurozone. Today with the publication of interest rates, it would be normal to see more drops. As I have said the normal thing, but we already know...
This pair is in a bearish trend very strong, so it needs to continue looking for down values. With our system we´re now selling this pair, but we don´t use a stoploss like in the chart. Our system use stoploss acording with the ATR daily.
Right now everybody thinkg in buy in USDCHF and sell in EURUSD. Do you know the institution never loose money in Forex? Think and work outside the box. Sell in USDCHF tomorrow for sure.
AUDJPY starts the week as follow: weekly trend bullish daily trend bullish 4hours trend bullish. 19:00-19:30 spanish time normally the volume start to decrease and people start to close transactions in profit. So it´s a good time to start to thinking in shorts. At least till opened London or even till opened US sesion tomorrow. good luck to everybody. Comments,...
CADJPY start the week: weekly trend bearish daily trend bearish 4h trend bearish Now a movement more than 1,5 ATR(daily,22) in a bullish way; so at least tomorrow needs to go down. Comment. thks.
weekly trend: bearish Yesterday daily and 4h trend: bearish. So, can move up but finally needs to move down. Let´s check this set up.
Main trend is still bullish. The distance that the price has moved today is a good signal to show us that price will go up. Wednesday-news-main trend-down of the channel. what more??? good luck.
Now that everyone already thinks that we are continuing upwards pushed by the strong euro comes the surprise; the pound is even stronger in many currency pairs. So this scenario is gaining more and more strength.
in this second part of the week we can expect that the price will go up, because on monday daily and weekly trend show us intention of up movement. A part of that price has already move his ATR distance going down and now everybody is short; so institutions need to catch some stoploss. good luck.
This pair this week needs to rise to at least the first level that we have marked on the chart. Right now that the general sentiment in the retail market is for sale, it is undoubtedly the time to buy, at least for this next week.
The macroeconomic trend for the euro zone will be bullish compared to the United States. But a correction at these levels is necessary for the next few weeks.
AUDNZD weekly trend still bearish. We have passed the normal daily distance for more than 20%. So can move up till US opened, but then it´ll go down till end of week. good luck. comments.