This week's Currency market story is the same old tired saga as in past weeks. USD Vs Non USD dominates as preferred trades due to wide ranges and cross pair range compression remains.

Same story for JPY cross pairs as AUD/JPY and EUR/JPY lead the way for best ranges and trades and to replace GBP/JPY as the normal market leader to JPY. CAD/JPY as usual isn't worth a click.

AUD/CHF and NZD/CHF are overbought and finally in agreement to AUD/USD and NZD/USD. Both AUD/USD and NZD/USD will see good moves this week as a result of cross pair compliance.

EUR/CHF and GBP/CHF however are oversold as EUR/USD and GBP/USD are overbought. What assists EUR/USD and GBP/USD downside is ranges for EUR/CHF and GBP/CHF are compressed which means not much higher will EUR/CHF and GBP/CHF travel. Required is EUR/CHF and GBP/CHF to drop in order for EUR/USD and GBP/USD to trade lower and relieve overbought conditions.

GBP/CAD for months and weeks remains a dead issue currency pair. GBP/CAD is oversold.

A positive aspect to this week's trades are many of the 18 currency pairs traded every week are easy trades and will perform well.

Note to last week's trades:

GBP/AUD achieved +181 pips in 2 trades.

EUR/JPY hit perfctly as written 123.06 then down to target for +111 pips.

USD/PLN achieved +900 ish pips

USD/HUF achieved +800 ish pips

USD/BRL achieved =2800 ish Pips

Total 4,792 pips

Easy trades this week is PLN, HUF and BRL higher as USD across the board in EM and our G28 USD pairs are deeply oversold.

As usual, all posted trades achieve targets, make good money and no trades went off course to fix a repair trade. Trades and consistency is unmatched week after week. Its all about the intended price path.

This week we'll trade EUR/AUD and AUD/USD


Short anywhere or 0.7271 and 0.7284 to target 0.7122.

Short below 0.7077  to target 0.6988

Long 0.6988 to target 0.7032

Long 0.7122 to target 0.7165


Long Anywhere or 1.6336 and 1.6325 to target 1.6486

Long above 1.6499 to target 1.6580

Short 1.6580 to target 1.6522

Short 1.6486 to target 1.6417








Trading currencies and other financial instruments carries a degree of loss and possible loss of entire investments. Please managed your own risks, stop loss, and margins requirements.

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AUD/USD: Upbeat China PMIs favor bulls near fresh three month high around 0.7400

AUD/USD remains positive after China’s activity data for November flashed welcome signs. November’s China NBS Manufacturing PMI, Aussie TD Securities Inflation flashed more than expected results. Market mood stays cautious optimistic amid vaccine hopes, Brexit jitters and Aussie-China tussle.


EUR/USD: Refreshes three-month high towards 1.2000, battles triangle resistance

EUR/USD eases from fresh high since September 01. The pair rose to the highest in three months before a few hours but couldn’t cross the upper line of a five-week-old ascending triangle formation. RSI conditions warrant caution, bears are less likely to take entries above 1.1870.


NZD/USD refreshes 2.5-year high on strong China PMI above 0.7400

NZD/USD rises to the fresh high since June 2018 after China data. China’s NBS Manufacturing PMI, Non-Manufacturing PMI beat market forecasts in November. ANZ Business Confidence, Activity Outlook also came in positive for November.


Gold: Trades below 200-day MA for first since March

Gold is trading below the widely-followed 200-day Simple Moving Average (SMA) for the first time since March. The metal is changing hands near $1,783 per ounce, representing a 0.25% loss on the day. 

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