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 as the pair is strongly below 100 weekly SMA 97 level.
EURUSD is breaking above the 1.10000 level resistance. The first target on the upside is 1.15000 level. Important notice—- We are long short-term targeting 1.14000 level.
GBP/NZD is pulling back to 1.7500-1.7700 support zone retest. Important notice—- Watching the price action for a long trade on lower time frames.
USD/NOK is breaking below 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 trade entries on an intraday bearish price action after with the SL above 8.4600.
EUR/GBP is breaking above the 0.8720 key level and this is opening the 0.9000-0.9200 zone. Important notice—- Looking for the long entry on the daily close above this level.
USD/JPY is again below the 200 SMA 110.700 level and is close to a test of the uptrend line 110 level. Important notice—- looking for a short entry on a bearish price action below this level.
Gold is significantly and decisively reversing the long-term downtrend with the break above the 1270 level. Important notice—- looking for additional long trade entries on a daily price action candles with the SL below 1250 level.
To improve is to change; to be perfect is to change often. Winston Churchill
—-Switching from USD bullish to bearish