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 has reversed the medium-term uptrend and is extending downside below 97 level. This downside extension is opening the 94-95.80 zone target. We are building short USD positions.
EURUSD is breaking above the 1.10000 level resistance. The first target on the upside is 1.15000 level. Important notice—- We will look for long entries at 1.10500-1.10000 zone of support.
GBP/NZD is breaking above the median line of the long term downtrend Pitchfork channel 1.7900 level and is testing the upside resistance 1.8850 level. Important notice—- Watching the price action for a long/short trade on lower time frames.
USD/NOK is testing the uptrend line 8.3700 level. This is the key for downside extension into 7.9000-8.0000 zone. Important notice—- looking now for the short entries on an intraday bearish price action after the clear daily close below 8.3700 level
USD/JPY is still in the bearish positioning testing the 200 SMA 110.570 level. Important notice—- Looking for the short entry on the daily close below this level.
CAD/JPY is testing the strong downside resistance 80 level. Important notice—- looking for a short entry on a bearish price action below this level.
S&P 500 with RSI negative divergence the instrument is in the topping pattern below 2400 level. Important notice—- looking for short entries at the beginning of the trading week with SL above the 2400 level.
To improve is to change; to be perfect is to change often. Winston Churchill
—-Switching from USD bullish to neutral and more bearish