fulowa

fulowa Updated 

downside favored

fulowa Updated 

GBPAUD sits at trend-line. Current thin market conditions don't encourage big breaks - meaning resumed uptrend favored. From a realative monetary policy stand point; upside favored as well.

fulowa Updated 

DJ Brazilian Real Looks Overvalued -- Market Talk - WSJ 7:54 ET - Considering Brazil's economic and political problems, the recent appreciation of the Brazilian real versus US dollar makes the Brazilian currency overvalued. "Our BRL model, which compares the current pricing with the average of emerging market currencies controlling to the country's risk of default...

fulowa

GBPNZD has high correlation with the difference between GBPUSD and NZDUSD.

fulowa

At top of channel again, downside favored, RBNZ just cut rates to 2.5 %. Outlook bearish.

fulowa Updated 

CADJPY faces a major resistance at current levels. Given the global headwinds, downside favored.

fulowa Updated 

50 day MA offers resistance, resuming downtrend favored

fulowa Updated 

upside favored

fulowa Updated 

Very short-term trade on the hourly. Downward sloping trend channel developing.

fulowa

Outlook bullish due to diverging monetary policy and more possible negative surprises by newly elected (super-populist) goverment.

fulowa

Audchf decoupled recently some what from audusd. As soon as this pair reaches top of channel, short set-up attractive. Stay tuned.

fulowa Updated 

Bounce off of 0.236 fibonacci retracement possible

fulowa

The franc is basically still "pegged" to the euro (in the 1.08-1.10 band). USDCHF movement is dominated by EURUSD. So when contemplating a USDCHF trade, it is usefull to also look at the technicals of EURCHF and EURUSD. If you believe EURUSD goes below parity, you also believe USDCHF goes toward 1.20.

fulowa Updated 

downside favored

fulowa

USDTRY is down over 8% from its peak about 2 months ago. 2.82 (the 0.236 retracement) serves as strong support, upside favored.

fulowa

Impressive run - 9 consecutive up days. Short-term correction possible, medium-term uptrend intact

fulowa

Upside favored

fulowa

USDCHF broke a 12-year downward sloping trend-channel last friday. Given the explicitly stated efforts by the SNB to weaken the CHF and the imminent US rate hike, this looks like an attractive set-up.