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EURUSD is flirting with 200SMA on weekly TF

EURUSD is flirting from below with the major 200 Simple Moving Average. This will be critical for the macro view of the pair. However, the 200SMA is still declining. Going to the daily, the pair reached the next 261.8% Fibonacci extension level that we are using as potential upside targets. In addition, EURUSD is exceptionally following  the […]

Market Recap – Scott Morison’s home run in Australia

Having changed their Prime Minister, Malcolm Turnbull, since August 2018, the Liberal-Nationals coalition, under the leadership of Scott Morrison were expected to lose the Australian general elections on Sunday. Nevertheless, they managed to win elections, and will now enjoy a greater margin at the Australian parliament, of 77 out of 150 seats. They used to have […]

AUDCHF Daily Trading Plan

This analysis may give two potential trading setups by providing entries as well as exits. We keep it really simple and straightforward. Always review your own analysis, if there is confluence between this and your own strategy, then you may have even better trading setups.On the chart, two levels indicate the BUY (green) and SELL […]