EUR/USD
Even from a medium term view of EUR/USD, my view will not change that it's neutral. I heard that Draghi might use low rate for a long term in his last speech. Traders need to think twice about this because if a country use lower rate for longer, it will not always make their currency bearish. You need to think about the possibility that some companies are in debt and bankrupt. They will only focus on paying their debt and money will flows back to their country and make the currency bullish. I expect this pair might be trading higher only with limited downside.
I am neutral short term and bullish long term.
Trading suggestion:
Long EUR/USD from 1.115 - 1.12 level with TP 1.15 - 1.18 level and SL at 1.1 (Medium Term)
GBP/USD
It will be hard for GBP/USD to go upside following a BREXIT risk that will happen next year. While USD weakness might be an important point after a dovish FOMC, traders need to know BREXIT might be much more important. Nothing can change the long term view yet in this pair.
I am neutral short term and bearish long term.
Trading suggestion:
Short GBP/USD from 1.305 - 1.31 level with TP 1.2 - 1.25 level and SL at 1.345 (Long Term)
USD/CHF
There is no change in CHF outlook. They will keep their rates at this level and it will not move too much. To tell you the truth, they are kicking out investors by doing so but it seems like they are still doing not too bad for now.
I am neutral short term and bearish long term.
Trading suggestion:
Short USD/CHF from 0.975 - 0.97 level with TP 0.92 - 0.94 level and SL at 0.99 (Medium Term)
USD/JPY
The rally from this pair is very interesting and provides chance to make an entry for now. BOJ has out of ammo, it can't ease anymore. The failure to ease plus a recesion risk will keep pushing this pair down as a safe haven. USD/JPY moves like precious metals for now. Simply said, the nightmare has just started for N225.
I am bearish short term and long term.
Trading suggestion:
Short USD/JPY from 101.8 - 102 level with TP 90 - 95 level and SL at 108 (Long Term)
GOLD
The bottom will most likely be capped at 1310 at short term and if that level breached, it might goes down further to 1290 level. RSI as shown the current level as a bit sold and many traders are closing their positions. Long term view has not changed but short term might be hard to predict since COT keeps decreasing.
I am bearish neutral short term and longterm bullish.
Trading suggestion:
Long GOLD from 1310 - 1330 level with TP 1400 - 1500 level and SL at 1240 (Long Term)
SILVER
There are not much difference between SILVER and GOLD as for the analysis but a rate hike later might push down SILVER to 17 level if that happen.
I am neutral short term and long term bullish
Trading suggestion:
Long Silver from 18.8 - 19 level with TP 23 - 25 level and SL at 15 (Long Term)
OIL
Oil broke the downtrend after the decision to freeze production from November. For now the bottom has been set although it might not immediately go straight up. Waiting for a retracement might be wise before making any position but i will not cover oil trading suggestion since i'm not trading it. Condition has been overbought.
I am neutral short term and bullish long term.
USD/CAD
USD/CAD follows oil and goes down as OIL got rallied. It will be hard to find another rally on this pair and a better OIL data will only makes more recovery in CAD. But surely, the result might not come out immediately.
I am neutral short term and bearish long term.
Trading suggestion:
Short USD/CAD from 1.308 - 1.314 level with TP 1.25 and SL at 1.34 level (Medium Term)
AUD/USD
Oil help all other commodities goes up and this pair wents up as well (AUD is another commodity based currency). The current condition has made AUD rallied too far and it would be risky to make some entry from here. And so, i'm not recommending any position for now but i will give my outlook.
I am bullish short term and long term.
NZD/USD
The same as AUD, NZD got some rally from OIL too but the current outlook from diary products might not so bright. Long term position still interesting for NZD cross pair for now but easing bias might push this pair down suddenly. Seems like that there is no good price to enter for now and i will refrain to make a recommendation as well.
I am bullish short term and long term.
Trading Note:
US's Final GDP qoq will be the mainlight where sentiment and outlook might change depend on it.
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