[Forex] eurusd to 1.20, audusd to 0.83; | Forex Monthly, Weekly, Daily view - 21 July 2017
Euro, Gbp, Nzd, Jpy Strongest as entering the US session.
Usd is weak.
The Whole Forex Dashboard table:
Now let's see Forex Majors:
As seen in the major pairs, Euro, Gpb, Nzd and Jpy are the strongest today.
EURUSD Weekly Chart says it's going up to 1.20 by end of year:
It might go to 1.20 by end of the month.
Buy in the range 1.15300-1.16300. Tp 1.20500, Sl 1.14500; r/r ratio 1-3; Success rate 80%
Sell below 1.13, tp 1.08, sl 1.14 r/r ratio 5, Success rate 60%, chance of trade execution 30%;
GBPUSD Weekly chart points out to either a strong breakout in gbp, going to 1.40 or going lower, towards 1.10 area;
The bias is saying current daily move is just a retest of the weekly channel.
If it doesn't go and stay above 1.31 in the next couple of days, it will fall off to 1.29 and potentially from there, much lower.
Trade ideas:
Buy above 1.32, tp 1.35, sl 1.305; r/r ratio 1, Success rate 50%. Entering execution 40%;
Sell below 1.295, tp 1.2885, sl 1.30500; Sell at 1.2860, tp 1.2735; Success rate 50%, Entering execution 50%.
AUDUSD up towards 0.83 by end of year:
Trade ideas:
Buy above 0.79 and even above 0.80; tp 0.83; sl 0.778; r/r ratio 1-3; Success rate 60%
Sell below 0.775, tp 0.76 sl 0.782; r/r ratio 1-3, Success rate 60%; Execution chance 30%;
NZDUSD will test 0.75; After that either sideways or upside to 0.80;
Buy above 0.75500, tp 0.79-0.80, sl 0.74; r/r 1-3; Sr 60%, Ec 30%;
USDJPY on monthly points out to 77(after couple of years).
Needs strength, or the trend is down.
110 and then 103 for usdjpy if it falls off. It will probably continue all the way to 77.
Needs to stay above 113 and lift off...
Trade ideas:
Sell below 111.500, tp1 110, tp2 107, tp3 103; sl 113;
USDCHF may be a sell, but it is against the carry.
sell at 0.95, tp 0.90, sl 0.97
USDCAD points out to 1.23 and then 1.12, if it keeps the current trend.
Sell below 1.25 for tp 1.237; sl 1.27
Usoil(xtiusd) can go to 65 this year, or to 35. So far it is in a trading range.
The only purpose is to compare it with usdcad.
There is a chance oil prices will fall, and thus make usdcad go up.
Buying usdcad at 1.23-1.24 may be a good idea.
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