Three charts to offer food for thought on Tuesday
EURUSD. See my previous chart here .Looking weak still. Price filled and drilled my first target and bounced up towards my 1.1820 level on Friday, where i placed another short trade. My second target is situated around the 1.1660 area .
USDCHF I featured swissy in my Friday post here
My view hasn’t changed. Opened a long trade at 0.9755. Some resistance to overcome in the short term. I’m watching for price to clear the 61.8% fib and the green trendline (highlighted by the yellow box) for a continued move to the upside.
AUDUSD Several banks have suggested short trades in Aussie. I tend to think the safer pips have been made and i am neutral from a technical viewpoint. The 50% fib and support area around 0.7730-10 would be my first target. Seems i missed the boat on this one in the run up to the RBA announcement. Going to sit this one out.
Latest posts by Horatio Dubsly (see all)
- Silver – This weeks shining star, as predicted by ForexFlow - July 19, 2019
- 新年快乐 财源滚滚 大吉大利 A Happy wealthy healthy New Year to all our Chinese friends - February 4, 2019
- Gold and Silver – Glittering prizes? - January 28, 2019