Every week our non-edited trading desk strategy remarks in deep analysis and medium term trading strategy.
TRADING DESK STRATEGY REMARKS AND MEDIUM TERM TRADING PLAN NON-EDITED
-For——- Trading desk
Main trading strategy focus still on $DXY
As noted in our last week strategy we didn’t shift strategy from long USD and this week gave us confirmation of a bounce from 99.70 daily 100 SMA and we have initiated USD long trades again selectively among the USD pairs on the market. DXY is testing important 99.50-99.70 zone. The clear close below this zone will invalidate our upside strategy and we will change the side in USD trades. Significant bounce from here will mean that our long strategy will continue.
EURUSD is still in an interesting selling zone. It has made an interesting triangle below broken and retested 1.0820 level and is testing downside Pitchfork channel line. Important notice—- we will wait for a daily close below 1.0600 level or a bearish price action in this zone this week.
NZD/JPY has reached potential bounce level 77.800-78.000 zone. Bounce from here is required for a near-term upside continuation into 80.400. Important notice—- Watching the price action for both long/short trades. Looking first for a long trade.
USD/JPY is again in the bounce zone after clearing the rounded bottom pattern. We need to see a clear bullish price action to go long. Important notice—- looking for the long entry on an intraday price action for short-term trade into 114 level.
USD/CAD is bouncing from a support zone 1.3200-1.3250 and from an uptrend line. We will monitor the pair for long entries. Important notice—- Looking for the medium term long entry in this zone with SL below 1.3290.
NZD/USD is in the bearish price action but we need to see a close below 0.7000 level for an extended downside. Important notice—- Looking for short entries on intraday price action with SL above 0.7050 or on the close below 0.7000.
GOLD has bounced from the 1190 level and is pulling back to selling area 1230-1250 making this a possible double top. Important notice—- Looking for the short entry on the bearish price action in this area or on the break below 1220 level.
NASDAQ is in the perfect buying zone. Important notice—- looking for long entries with SL below 5300 targeting 5500.
To improve is to change; to be perfect is to change often. Winston Churchill
—-Carefully building USD long position ahead of the FED interest rate decision and watching the volatility—-