EUR/USD
Trading strategy: Long
Open: 1.1990
Target: 1.2250
Stop-loss: 1.1915
Recommended size: 2.67 mini lots per $10,000 in your account
Short analysis: We see a recovery move after today’s Fed statement, the USD rally may be over. Long opened at 1.1990.
GBP/USD
Trading strategy: Await signal
Open: –
Target: –
Stop-loss: –
Recommended size: –
Short analysis: We see a risk of a trend change here. But a long trade would be risky, because BoE meeting is scheduled for next week with rising risk the central bank will stay on hold.
USD/JPY
Trading strategy: Short
Open: 109.25
Target: 110.35
Stop-loss: 107.00
Recommended size: 1.49 mini lots per $10,000 in your account
Short analysis: Today’s price action gives some hope to our USD/JPY short. We keep our strategy unchanged.
USD/CAD
Trading strategy: Short
Open: 1.2835
Target: 1.2400
Stop-loss: 1.2930
Recommended size: 1.93 mini lots per $10,000 in your account
Short analysis: The USD/CAD remains anchored near 1.2850, trades 1.2803-1.2883 range. Bulls need a close above 1.2900 to gain momentum, but we think this scenario is unlikely given USD sell-off after Fed’s statement. We stay short.
AUD/USD
Trading strategy: Long
Open: 0.7515
Target: 0.7750
Stop-loss: 0.7450
Recommended size: 2.31 mini lots per $10,000 in your account
Short analysis: We saw a full retracement of December 2017-January 2018 rally and now it’s time to go up. We opened long at 0.7515.
EUR/GBP
Trading strategy: Buy
Open: 0.8780
Target: –
