Forex Analysis Report – 5/26/19…I Missed My NZD/USD Short Opportunity

The New Zealand Dollar remains under pressure early Thursday as lingering U.S.-China trade tensions continue to weigh on sentiment. Sellers are also responding to heightened concerns about global growth and the news that the Trump administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision.Bearish traders are also betting on a further reduction of the cash rate before year end. That could be the reason why the New Zealand Dollar failed to draw support from Wednesday’s better-than-expected retail sales data.The release of the Fed minutes on Wednesday failed to generate much movement in the currency. Even with the Fed

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Forex Relative Strength Analysis Report For Week Starting 5/26/19

Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular. And in the foreign exchange market 90 of forex trading involves the U.S. dollar. Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the daily time frame chart.

The “major” forex currency pairs are the major countries that are paired with the U.S. dollar (the nicknames of the majors are

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Forex Analysis Report 5-24-19…Possible Trade Set-Up To Short Euro/Jpy

As U.S.-China trade-war rhetoric escalates without any plan for a resumption of negotiations, currency strategists are mapping out foreign-exchange implications.

Bank of America Corp. sees the Japanese yen strengthening as investors flee risky assets, and has recommended an associated euro-yen trade. Goldman Sachs Group Inc. warns that currencies from the euro to South Africa’s rand and Chile’s peso could be in the firing line.

Over at Bank of America, the currency team last week initiated a three-month put spread that takes a short position on the euro-yen currency pair, with the view that investors will be seeking a haven with no quick

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Forex Price Action Baby, No Technicals or Fundamentals…Trade #16 – Sold NZD/CAD (5/23/19)

10,000 Ft View – 4 Hr Chart

The chart is marked up already because I’m already short this pair:

Forex $1 MM Challenge – Trade #7 (3-25-19) Sold NZD/CAD

Lets zoom in for a closer look at the trade set-up.

An even closer look of the set-up.

What I like about the set-up is price based, meaning buyers and sellers were going to battle, until the sellers won as indicated by strong move away from the level and also took out previous demand to the left (purple circle). What I also like is the move back to the area was strong as well

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Currency Analysis Report 5-22-19…How Much More Downside Left On The Aussie Dollar???

The Reserve Bank of Australia appears poised to slice official interest rates, with governor Philip Lowe on Tuesday saying it would be on the bank’s agenda next month.In a speech to the Queensland branch of the Economic Society of Australia in Brisbane, Dr Lowe said without a cut in interest rates it was unlikely the bank’s forecasts for lower unemployment and a lift in inflation would be met.Reserve Bank governor Philip Lowe, in a speech in Brisbane, says the RBA will “consider the case for lower interest rates” when it meets in June.Declaring that Australia could “do better” than have

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Currency Analysis Report 5-21-19…US-China Trade War Affecting Indonesia Too

Indonesia’s central bank said on Thursday it will consider whether there’s room to ease monetary policy, the first indication it’s given this year of possible interest-rate cuts to unwind a series of hikes in 2018.Bank Indonesia left its benchmark interest rate unchanged at 6%, as expected, with Governor Perry Warjiyo telling reporters in Jakarta that the policy stance is “cautious neutral” and data dependent.After 175 basis points of hikes last year, policy makers in Southeast Asia’s biggest economy are reluctant to ease too quickly to avoid destabilizing the currency, which is already under renewed pressure from rising U.S-China trade tensions

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Forex Price Action Baby, No Technicals or Fundamentals…Trade #15 – Sold AUD/USD (5/20/19)

10,000 Ft View – Daily Chart

Lets zoom for a closer look at the trade set-up on the 10 min chart. What I like about the set-up is price formed a level on level (supply zone on top of another supply zone) and what I’m looking for is some of the momentum to fade.

Here is a closer look at the zone.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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Forex $1 MM Challenge – Trade #12 (5-19-19) Sold AUD/CHF

Australia’s dollar has been under pressure for quite some time as it’s dealing with the US-China trade war, which is resulting in a slowing economy.

This past weekend, the 2019 Australian federal election was held to elect members of the 46th Parliament of Australia. The surprising winner was Mr Morrison, who campaigned primarily on economic issues and beat out Mr Shorten, who promised to cut tax breaks for the wealthy. At the opening on Sunday in Forex, the Aussie was catching bids, which pulled back right into a daily supply zone.

Monthly Chart (Curve Time Frame) – monthly

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Forex Price Action Baby, No Technicals or Fundamentals…Trade #14 – Bought GBP/AUD (5/19/19)

10,000 Ft View – Daily Chart

Lets zoom for a closer look at the trade set-up on the 30 min chart. What I like about the set-up is price formed a demand zone where the buyers took out the pivot high. What I also like about the zone is price has the opportunity to at least close the gap.

Here is a closer look at the zone.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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Forex Price Action Baby, No Technicals or Fundamentals…Trade #13 – Sold AUD/SGD (5/19/19)

10,000 Ft View – Weekly Chart

Lets zoom for a closer look at the trade set-up on the 4 hr chart. What I like about the set-up is price formed a level on level (supply on top of supply) and there were enough sellers to push price below the most recent pivot low.

Here is a closer look at the zone.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions. 

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