Likely interesting to trade
הערה:
Large price fluctuation to downward for about 300 PIPs and the expected turnaround time to target 4-6 weeks.
הערה:
Trading position is managed to risk free by placing stop loss at entry rate, and the trade will be hold to target and/or to be closed by "tranche" as considered to be feasible
הערה:
I still target 1.1800 with multiple short trade tranches.
הערה:
Short trade still active to target
הערה:
The CHF, JPY and EUR carry traders are carrying the GBP by driving the GBPCHF, GBPJPY and GBPEUR to upward by their interest rate differentials. Their carry trading activity has resulted the GBPUSD to be slower than expected to downward.
However, less likely their carry trading activity will push the GBPUSD to upward and to revisit the current upper ceiling 1.3300.
However, less likely their carry trading activity will push the GBPUSD to upward and to revisit the current upper ceiling 1.3300.
הערה:
The AUDUSD and NZDUSD hammered down by their interest rate differentials to USD. It is expected to be followed by the GBPUSD and EURUSD to downward by their interest rate differentials to USD, and USDCAD, USDJPY and USDCHF to upward by their interestt rate differentials to USD.
At such, the current short/sell of NDUSD, AUDUSD, GBPUSD, EURUSD and the long/buy on the USDCAD, USDJPY and USDCHF will resume to follow their medium term exchange rate target zone trends.
However, risk remains to be seen from JPY and CHF carry traders but at lesser impacts on the prices.
At such, the current short/sell of NDUSD, AUDUSD, GBPUSD, EURUSD and the long/buy on the USDCAD, USDJPY and USDCHF will resume to follow their medium term exchange rate target zone trends.
However, risk remains to be seen from JPY and CHF carry traders but at lesser impacts on the prices.