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
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. We had a significant bounce last week and we continued to build USD long trades and JPY short trades because the two are correlated for now.
EURUSD has made a huge bearish shadow weekly candle being rejected heavy from 1.09000 Median LT Pitchfork channel line and upper falling line of an Pitchfork medium-term channel. We need to see a break below 1.06000 level. Important notice—- Watching the price action for the short trade but preferably on the break of 1.06000 level.
AUD/NZD is holding above the 200 SMA on the weekly chart, the 1.0840 level. The break above 1.1000 level would lead to a complete long-term downtrend reversal. Important notice—- Watching the price action for a long trade for now.
USD/JPY is for now having a perfect medium-term bounce from 200 SMA weekly 110.138 level. Important notice—- looking for the long entry, for now, on an intraday price action for short-term trade into 114 level.
USD/CAD is in the consolidation for now. We expect another brief pullback into the 1.3200 level. We will monitor the pair for long entries. Important notice—- Looking for the medium term long entry in this zone with SL below 1.3150.
GBP/NZD is another NZD based pair looking for a long-term trend turn. Important notice—- Looking for long/short entries on a test of crucial 1.7933 level.
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 with SL above 1260. Will be a noisy trading so we need a good entry evaluation.
NIKKEI is in the consolidation testing an important 187.50 level. Important notice—- looking for long entries with SL below 187 targeting 210 or short trade in the case of a break below 187.50.
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—-