Major new trend right now is looking like Dollar strength, which means EUR/GBP/CHF weakness, EURO should be weak across the board.My preference will be to short EUR/USD.
Another interesting thing I'm looking at is that NZD should probably be weak vs AUD. Now that dollar strength is actually coming into the picture, I would suspect AUD to be more supported, so I'm going to look for buying opportunities in AUD/NZD, also will look at selling EUR/AUD and GBP/AUD maybe buying AUD/CHF. I've been a big fan of shorting AUD, but right now I'm thinking it should be stronger than all the other currencies vs the dollar specifically. So I'll test this out.
I still think AUD can go much lower, but going to watch closely.
The main trends right now are
USD strength
JPY weakness
EUR weakness
NZD weakness
GBP weakness
CHF weakness
GOLD weakness
AUD weakness
CAD weakness
So that means look for intraday set ups in....
Buying USD/JPY USD/CAD USD/CHF USD/SGD
AUD/CHF AUD/NZD
Selling
EUR/USD GBP/USD NZD/USD AUD/USD
EUR/CAD EUR/AUD EUR/GBP
GBP/AUD
Selling GOLD
Soon to be selling OIL
Still looking for good Daily/Weekly momentum set ups on crude oil - too choppy right now for intraday plays to the downside. However, I do see us topping out soon. Psychological level of 100 should not be broken for too long. Might head up to 102-105, but sooner or later going to get some very high % sell set ups on crude oil.
Uptrends in stock markets, especially
Buying Japanese Nikkei and US markets.
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