XAUUSD Further bearishA trade I'm currently in expecting to go lower. Will keep updating in the next days and week
Knstrading
EURUSD shorrrrrrtPersonal analysis on an intraday trade for EURUSD on the 1H timeframe. Expecting a bigger bearish movement but this will be our first target for now.
USDCAD time to drop the booooooombPersonal analysis on USDCAD based on the daily and weekly timeframes. looking for a daily candle to close on its way down below the 0.50% retracement level on weekly and around 0.38% retracement levels on the daily. We could see a reversal being done around these areas.
WTI LONGbeen long since 52.50 on this and expecting new highs the trade will be held and stop loss is moved into profit and locked
SHORT GOLD @1164.00 !Signal short gold at 1164.00 from private analysis share group.
Most of my analysis are based on simple Price Action (PA) and Ichimoku combined with BB.
AUDCHF strong bearishBased on personal technical analysis. I see a really good short opportunity and already in this trade.
GBPAUD ShortSince the last long position did not work as we planned we jumped in a quick short position to cover the loss and more of course. I'm confident we will see a good long coming up during the next 21 days but for now we will be on the short trend.
USD/ZAR Shorting the shortWe already got a pretty good entry earlier but now we are looking for another entry cause we believe this will be going lower for a while. This will be the last entry on this pair and will be leaving it for now.
GBPAUD long positionLast month we took a few long positions and we got out before the bearish movement which I think is over now and time for another long position which we already openned earlier around 1.71128 area.
NZDUSD - "All the way up"We are already in this trade an entry of 0.72508 we will be holding and our first target will be 0.73950 and we will see how it looks by then might make another target around 0.754395 - a new higher high.
GBP/AUD LONG POSITIONWe have been holding a buy on GBPAUD for 3 days now (signal was out on private member section). We are still holding this trade with SL in 1000 points profit.
EURUSD HEADING FOR NEW LOWmy prediction on how the eurusd is gonna play out during this week based on technical analysis.
NZD: RBNZ likely to keep OCR steady next week - ANZNZD: RBNZ likely to keep OCR steady next week - ANZ
Research Team at ANZ, sees the RBNZ maintaining the OCR at 2.25% next week.
Key Quotes
"We are not buying into the notion that recent developments, particularly the rising NZD, bring an April cut into play. While the March surprise highlights the potential for another, the RBNZ has expressed a preference for moving on MPS as opposed to Review dates in the absence of material shifts in information.
With regards to the currency, it’s hard to see how a further rate cut could substantially influence the direction of the NZD (December and March cuts certainly didn’t) amidst actions of other central banks. The NZD is also stronger for some good reasons (better risk appetites and commodity prices). Economic information gleamed since the March MPS (domestic demand in particular) has generally augured better for the economy and nontradable inflation was a tad firmer than the RBNZ expected.
That said, we expect dovish nuances and a firm easing bias to remain (“further policy easing may be required”) – an implicit hat tip to NZD strength.
Beyond April, we consider it far from a forgone conclusion that the OCR will be cut again in June (which the RBNZ implicitly laid out in the March Statement).
We are nonetheless retaining our view that the OCR will indeed be lowered at some stage going forward. We put the probability of a June cut at 60%. The combination of dairy pressures, likely renewed global unease, elevated NZD, the pending higher average cost of funds for banks and a likely further prudential policy response towards housing are powerful forces keeping rate cuts on the table.
However for now, amidst a very solid domestic economic backdrop, we see little urgency. The weight of more positive economic developments needs to be acknowledged by the RBNZ, despite likely palpitations over NZD strength."
EUR/USD above 1.11 as Stoxx 50 futures dropEUR/USD above 1.11 as Stoxx 50 futures drop
The bid tone around EUR strengthened on signs of risk-off in equities, pushing the EUR/USD above 1.11 handle and to a session high of 1.1118 levels.
Weak stocks support EUR
At the time of writing, Stoxx 50 futures were down 0.70% indicating the equity markets across Europe are likely to open on a weak note. Moreover, a 2% drop in oil could be weighing over the risk sentiment in the markets.
Hence, the common currency regained bid tone and turned positive to trade above 1.11 handle. The pair had dipped to a low of 1.1083 earlier today on the back of broad based USD demand in anticipation of hawkish surprise from Fed.
EUR/USD Technical Levels
The immediate hurdle is seen at 1.1173 (23.6% of 1.0517-1.1376), which if breached would expose 1.1218 (post ECB high) and 1.1245 (Feb 5 high). On the other hand, a breakdown of immediate support at 1.1105 (5-DMA) could see the spot test support at 1.1083 (daily low) and 1.1044 (200-DMA).
