May 15th Analysis On Currency Pairs

#1
May 15th Analysis on Currency Pairs

EUR/USD :: UPTREND

Entry : 1.2926
Target : 1.2977
Stop : 1.2875

USD/JPY :: NEWTRAL

GBP/USD :: UPTREND
Entry : 1.8945
Target : 1.9023
Stop : 1.8867

USD/CHF :: DOWNTREND
Entry : 1.1968
Target : 1.1908
Stop : 1.2028

USD/CAD :: UPTREND
Entry : 1.1089
Target : 1.1126
Stop : 1.1052


HAPPY TRADING
K.N.V.SANTOSH
 
#2
If one knew the flows over the last fortnight or so, one would be very careful about thinking the trend would continue this week. As of last Friday, the SAMA - Saudi central bank - finished their last tranche in their program which saw them buying euro since 1.23. They, along with the UAE central bank have been particularly aggressive buying eur recently. Fwiw, this sentiment link might also be useful for positioning.

knvaarudhra said:
May 15th Analysis on Currency Pairs

EUR/USD :: UPTREND

Entry : 1.2926
Target : 1.2977
Stop : 1.2875

USD/JPY :: NEWTRAL

GBP/USD :: UPTREND
Entry : 1.8945
Target : 1.9023
Stop : 1.8867

USD/CHF :: DOWNTREND
Entry : 1.1968
Target : 1.1908
Stop : 1.2028

USD/CAD :: UPTREND
Entry : 1.1089
Target : 1.1126
Stop : 1.1052


HAPPY TRADING
K.N.V.SANTOSH