Shorts-and-longs by Alexander Kul

[alextrader79]

The technical pattern on USD/CAD is ambiguous for me now. The currency is consolidating. I’ve highlighted the key S&R levels: 1.2500 and 1.2525. I’ll open deals, if the price fixes above/below these marks.

I’ll buy USD/CAD in case of breakthrough and retest of the 1.2525 level. The pair may move to 1.2555-1.2590.

I’ll sell the pair, if it fixes below the 1.2500 round level. It may move to 1.2470-1.2450.

 

[alextrader79]

Investors focused on the FOMC protocols publication yesterday. Most Fed representatives believe that another increase of the interest rate this be appropriate year will. At the same time, some of the Central Bank reps are concerned about the low inflation level in the country. The probability of tightening the monetary policy this year fell to 81.7%.

The bearish sentiment prevails on the USD/CAD pair now. I plan to open deals in the current trend direction. I’ll sell it, if the price fixes below 1.2450. The pair may move to the 1.2400 round level.

 

[alextrader79]

USD/CHF has kept the 0.9710-0.9720local demand zone. It caused the emergence of a bullish sentiment. The pair has the potential for further growth. I’ll buy it, if the price fixes above the 0.9750 mark. Target movement to 0.9775-0.9800

 

[alextrader79]

Majors are consolidating before the release of important statistics on the US economy at 12:30 (GMT). The reports on inflation and retail sales will be published today. I plan to look for the entry points after the price fixes above/below the key levels.
I’ll buy USD/CHF, if it overcomes 0.9760. It may move to the 0.9800 round level.

 

[alextrader79]

I’ll buy USD/CAD in case of the breakthrough and retest of 1.2480. It may move to 1.2525-1.2550.

I’ll sell the pair, if it fixes below 1.2455. It may move to 1.2400.

 

[alextrader79]

GBP/USD is consolidating. The technical pattern is ambiguous. I’ve highlighted the following key support and resistance levels: 1.3275 and 1.3320. I’ll open deals, if the price fixes above/below these marks.
I’ll buy GBP/USD in case of breakthrough and retest of the 1.3320 local resistance. It may move to 1.3350-1.3375.
I’ll sell the pair, if the price fixes below 1.3275. It may move to 1.3225.

 

[alextrader79]

The bearish sentiment prevails on USD/JPY now. 111.65 is the local support level. I’ll sell the pair. if the price fixes below the 111.65 level. It may move to 111.25-111.00. I’ll use a trailing stop for this deal.

 

[alextrader79]

Aggressive sales are observed on GBP/USD now. The UK consumer price index rose to 3.0% for the last year in September. It was above the target level of the Bank of England. I think that this currency pair has the potential for the further movement. I’ll wait for a correction to the 1.3225-1.3245 local offer zone and sell GBP/USD after it reaches this zone. It may move to 1.3250.

 

[alextrader79]

The bearish sentiment prevailed on USD/CAD yesterday. The asset is consolidating at the moment. I expect the further growth of the quotes. I’ll open long positions, if the price fixes above the 1.2550 local support. It may move to 1.2600.

 

[alextrader79]

The demand for the US dollar is at a high level now. The technical pattern on AUD/USD indicates emergence of a bearish sentiment. The price is testing the 0.7820 local support. I’ll sell the pair, if it fixes below 0.7820. It may move to 0.7790.