Shorts-and-longs by Alexander Kul

[alextrader79]

NZD has sharply fallen after the RBNZ decision. The Central Bank kept the interest rate at the previous level of 1.75%. The regulator intends to hold a neutral position. NZD/USD came to the 0.7250 support level. I don’t exclude a technical correction. I’ll buy the pair, if it fixes above 0.7280.

 

[alextrader79]

The growth of geopolitical risks on the Korean Peninsula supports the demand for safe assets. The fall of USD/JPY exceeded 100 points. I’ll sell it, if the price fixes below the 108.90 local support. The pair may move to 108.50-108.25.

 

[alextrader79]

The report on the inflation in the United States is at the center of attention today. It seems to me that majors will consolidate before the statistics publication. I recommend opening positions from the key levels. Trading activity and volatility can grow significantly. I identified the key levels on EUR/USD:
support: 1.1740, 1.1700
Resistance: 1.1780, 1.1820, 1.1885

 

[alextrader79]

An interesting technical pattern has formed on USD/CAD. The currency retained the 1.2715 local support. I expect a downward trend soon. I’ll sell USD/CAD after it fixes below the 1.2700 round level. The pair may move to the 1.2665 local support.

 

[alextrader79]

EUR/USD has retained the 1.1830-1.1845 local offer zone. It caused a correction. The technical pattern is ambiguous for me now. I expect the further correctional movement. I’m going to sell EUR/USD after it fixes below the 1.1280 local support. The pair may move ti 1.1740.

 

[Peter Cameron]

EUR/USD has retained the 1.1830-1.1845 local offer zone. It caused a correction. The technical pattern is ambiguous for me now. I expect the further correctional movement. I’m going to sell EUR/USD after it fixes below the 1.1280 local support. The pair may move ti 1.1740.

First time here. That was a good call 40+ pips

 

[alextrader79]

My yesterday's expectations for EUR/USD were confirmed. The report on retail sales in the USA is at the center of attention today (12:30 GMT). It seems to me that before the publication of statistics, the currency will be traded in the 1.1730-1.1775 range. I plan to open positions from these marks.

I’ll sell the pair, if the price fixes below 1.1730. It may move to 1.1690-1.1675.

I’ll buy, if it fixes above 1.1775. It may move to 1.1830-1.1845.

 

[alextrader79]

The USD/CHF pair was traded aggressively yesterday. At the same time, the current technical pattern indicates a possible correction. The price held the key resistance level at 0.9750. I’d sell it after the breakthrough and retest of the 0.9710 level. The pair may move to the 0.9670 mirror support. The risk will be reduced, since this transaction is countertrend.

 

[alextrader79]

There is an upward trend on USD/JPY now. Reducing tensions on the Korean peninsula and a positive report on retail sales in the US support USD. I’ll buy USD/JPY, if the price fixes above the 111.00 round level. The pair may move to 111.50-111.75. Potential entry points to the market may appear within a few days.

 

[alextrader79]

There’s a correction on AUD/USD. Buyers prevail on this pair at the moment. The trading instrument has the potential for the further growth. I plan to wait for retest of the 0.7845 mirror support level. I’ll look for the entry points to the market to open long positions when the price reaches this mark. The pair may move to 0.7875-0.7900.