Daily forecast for shorts and longs
- Thread starter Alexfx79
- Start date
A very busy news flow on the US economy will take place today. D. Trump will hold a speech today at 21:00 (GMT). I plan to open short-term speculative positions.
AUD/USD is testing the 0.7670 support local level at the moment. I plan to open a short position after the price fixes below this mark. The next target for taking profit is 0.7650. I’ll accompany the position with a trailing stop.
AUD/USD is testing the 0.7670 support local level at the moment. I plan to open a short position after the price fixes below this mark. The next target for taking profit is 0.7650. I’ll accompany the position with a trailing stop.
Yesterday was full of important economic reports from the US, as well as the Fed statements. Most of the statistical data exceeded the market expectations.
I expect the growth of demand for the US dollar today. BEOVB pattern of my favorite Price Action method has formed on EUR/USD. I’ll open short positions. Potential movement - to the 1.0500 round level.
I expect the growth of demand for the US dollar today. BEOVB pattern of my favorite Price Action method has formed on EUR/USD. I’ll open short positions. Potential movement - to the 1.0500 round level.
The data on the GDP of Canada will be released today at 13:30 (GMT). There was a sharp drop in retail sales, that’s why the statistics may be weak. Nevertheless, I won’t open transactions before the report. I identified the following key levels on USD/CAD:
support - 1.3300, 1.3195
resistance - 1.3355
I’m going to watch how the price will react to these levels and enter into the market after releasing of the statistical data.
support - 1.3300, 1.3195
resistance - 1.3355
I’m going to watch how the price will react to these levels and enter into the market after releasing of the statistical data.
There in an upward trend on USD/JPY at the moment. The demand for the US dollar is supported by expectations of raising interest rates by the Federal Reserve. FedWatch Tool is at 66.4%. I’ll open transactions in the current trend direction. I’d buy USD/JPY after the price fixes above 114.20. Potential movement – to 114.80.
The yen weakened against the US dollar during this week. I expect a correction on USD/JPY now. A very strong reversal formation, the divergence of the price and the MACD histogram has formed on the market. I’ll sell the pair after the price fixes below 114.10. Potential movement - to 113.50.
The Australian dollar significantly weakened against the US currency yesterday. Falling of quotes on AUD/USD has exceeded 100 points. The MACD suggests a possible correction. However, the demand for the dollar remains at a high level. I identified the following levels:
support-0.7545
resistance - 0.7575
I will sell AUD/USD if the price fixes below 0.7545. Potential movement - to 0.7500.
A correction to the 0.7610 resistance level may take place if the price fixes above 0.7575.
support-0.7545
resistance - 0.7575
I will sell AUD/USD if the price fixes below 0.7545. Potential movement - to 0.7500.
A correction to the 0.7610 resistance level may take place if the price fixes above 0.7575.
There is a mixed pattern on EUR/USD at the moment. The demand for the US dollar is supported due to a possible rising of interest rates during the Fed's March meeting. At the same time, there can be a further correction as well
I identified the following key levels:
support - 1.0590
resistance - 1.0620
I’ll sell EUR/USD, if the price fixes below 1.0590. Potential movement - to 1.0550.
I’ll open long positions, if the price fixes above 1.0620. Potential movement to 1.0670.
I identified the following key levels:
support - 1.0590
resistance - 1.0620
I’ll sell EUR/USD, if the price fixes below 1.0590. Potential movement - to 1.0550.
I’ll open long positions, if the price fixes above 1.0620. Potential movement to 1.0670.