Commodity Currencies Trader

Week 9-13 November 2015


Trade Ideas - Mainly looking into buying USD
Janet Yellen hinted about the possibility of interest rate hike in December
NFP result is extremely exceeds expectation and consensus.


AUD/USD

Looking forward to sell any rally.


Sold AUD/USD at 0.7041. SL = 0.7110

Stochastic
Weekly - pointing down
Daily - Heading down (not yet oversold)
4H - Oversold
1 H - Pointing up

RSI
Weekly - bearish momentum
Daily - bearish momentum
4H - Slightly oversold
1H - Slightly oversold


NZD/USD

http://3.bp.blogspot.com/-HkOMz-7Oyv...USD%2BN-W2.png


Sell at 0.6550 TP = 0.6460 , SL = 0.6630

Stochastic
Weekly = Pointing down
Daily - Oversold
4 H - Slightly oversold
1 H - Overbought

RSI
Weekly - Bearish momentum
Daily - Bearish momentum
4 H - slightly oversold
1 H - Nearly oversold


CAD employment data was strong. Therefore buying CAD against other weaker commodities or majors


AUD/CAD
http://1.bp.blogspot.com/-vq7BIDV9D2...CAD%2BN-W2.png


Sell AUD/CAD at 0.9360. SL = 0.9420, TP = 0.9260

Stochastic
Weekly - Pointing down
Daily - Pointing down
4 H - Almost oversold
1 H - Pointing up

RSI
All time frame show bearish momentum



regards
Forexsvenska



"I will not be responsible for any losses incurred by following the trade ideas published."