Giuseppe Basile, CSTA/IFTA
FibStalker Trading
Summary: We looked at the strong move lower in USD/CAD that is still within the area of weekly participation long. until the 1.3545 holds, weekly longs may still be in play.
We looked at the setup we followed in the last few days on NZD/USD that played yesterday and it is now lifting price higher potentially into a 0.6845 target area. Don't be scared out of this good trade and keep it to targets.
During the session we also commented on the USD/JPY and reviewed a potential entry long using the continuation style on the smaller timeframes. We are still looking at 116.30 as a potential reversal level in this market.
We commented on AUD/JPY and showed a similar behavior as AUD/USD in the last few days.
Gold and Silver are showing a confirmation of risk off, with Gold being relatively stronger. Silver has tested already the next area of potential support, but Gold has not done so, suggesting the consolidation is still not completed.
We closed with the GBP/AUD analysis that is pushing lower into 1.9830 area.
See you tomorrow.~FibStalker
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Come daily to Live Video and chat with experts and traders.
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We looked at the setup we followed in the last few days on NZD/USD that played yesterday and it is now lifting price higher potentially into a 0.6845 target area. Don't be scared out of this good trade and keep it to targets.
During the session we also commented on the USD/JPY and reviewed a potential entry long using the continuation style on the smaller timeframes. We are still looking at 116.30 as a potential reversal level in this market.
We commented on AUD/JPY and showed a similar behavior as AUD/USD in the last few days.
Gold and Silver are showing a confirmation of risk off, with Gold being relatively stronger. Silver has tested already the next area of potential support, but Gold has not done so, suggesting the consolidation is still not completed.
We closed with the GBP/AUD analysis that is pushing lower into 1.9830 area.
See you tomorrow.~FibStalker
-----
Come daily to Live Video and chat with experts and traders.
-----
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