SwingAndPip

SwingAndPip

Expecting investors to take profits before Thursday resulting in a bounce off the 50 day SMA for consolidative moves to the upside. In the perfect world this will provide a great area to SELL around 1.258-1.259 but if we see a clean break to the downside I'll wait until the news to evaluate a potential Short

SwingAndPip

CHF decreased there rates to 0 so people would stop sitting on their money we see broad based USD strength and policy divergence. Two scenarios for monday US news is bad this is NEGATIVE feedback in a broader USD based rally that we can use to buy on the 38.2 fibo if news is GOOD then I take a market buy CAUTIOUSLY until we see news later this week on...

SwingAndPip

Next week we can see some big data if there is a solid break below 1.25 we can see 1.21-1.2 Short as a speculation on ECB and US data monitor position around ECB data. Long if it disappoints for a retracement to 1.27 capped by 1.3

SwingAndPip

We aren't seeing much of a fundamental shift. Was short for a while hoping to get back down to the 93 levels but traders are looking for liquidity and stability especially with the news that came out earlier today. There wasn't much of a shock but traders are looking for data since the fed is Data dependent now. I missed out on the trade and my EURUSD long got...

SwingAndPip

Good opportunity to get short again if you were late to the NZDUSD short back in July and September off the break of that neckline. A good drawback to USD sentiment is causing investors to buy high yielding currencies. As far as technicals go I think it would be safe to say the pin bar on resistance and a retest would saturate the possibility of a turn lower with...

SwingAndPip

This week we see a lot of Chinese data coming out. We are seeing capital flows out of the AUD and bearish commodity prices all of which are bad signs for the AUD economy thus the carry trade has not been performing well as of late. As long as China's economy is slowing I'm bearish AUD. From a technical perspective we have a lot of consolidation in the downtrend...

SwingAndPip

Alright, let me explain my rationale behind this absurd looking chart. If EURUSD and USDCHF are negatively correlated, if USDCHF falls, then EURUSD should rise. If EURUSD rises, USDCHF should fall. BUT, let's assume I have no bias and I don't know whether or not either one will fall or rise. No technicals, no fundamentals, nothing! If I buy both pairs lets run...

SwingAndPip

After the Fed's Dovish statements, we can expect the Euro to head higher as the US economy is not ready for an appreciated USD. Draghi has limited ammo left so I doubt we can expect more downside. The only risk we have is upside risk from a dovish Fed and poor data. October is relatively light on data so I expect our USD valuation to correct since fundamentals do...

SwingAndPip

I had a limit order at .7855 open last night aiming for 767 on the downside.

SwingAndPip

Normally I would never think of doing a short play but this is a major sell zone. Based on price action stalling I think we could see a slight decline. However the only reason I am short is because of the lack of fundamentals to drive the USD further. The price of oil has been declining drastically however and is due for a price correction so if we see stronger...

SwingAndPip

136.85 Short SL 137.2 TP 134.5

SwingAndPip

possible retracement if we see retail figures weak. As a result there will be a lot of trimming risk this week which gives me a downside bias to USD. We have support at 9245 and 917. If we see the swissy enact negative rates as well this means the CHF will be extremely over valued at the current price...

SwingAndPip

Looking for a retracement to one of the retracement levels for a better risk to reward to go short since signs shows that EURUSD is oversold and NFP came in soft. Looking for more data to decide where to go from here.

SwingAndPip

ECB cut depo rates by 10 bps I think this is another great opportunity to enter short with the London session starting in 35 minutes. Hoping they will drag this sucker down a bit more.

SwingAndPip

Have a long bias but there is a relatively large range to trade from

SwingAndPip

Anticipating the pair to be somewhat range bound in the near term but I have a risk on bias to go long on this pair.

SwingAndPip

Long USDCAD a textbook bull move.

SwingAndPip

Taking a long position on AUDNZD due to a pin bar on support strong rejection indicates this pair is oversold as a result I am LONG this pair