End of May is always very busy to me, this is why I didn’t posted in the last 2 days. Most of the changes will start from next week. I will probably work a lot with my colleges on Friday and during the weekend to finish the changes, that I wrote about earlier.
The most important data tomorrow will be the US GDP. I am also waiting for the Job data from the US and the Canadian Interest Rate Decision too. The last 2 days were about the politics. I’ll not write about it too much, but you probably read about the Italian politics what pushed the EUR lower. The lower EUR is good for the US dollar.
PAIRS TO CHECK
Here are some trades, that show possible reversals. We have to wait for confirmations and we have to remember that the EU and US session will also active in politics, so the movements can be unexpected. So we have to use Trailing stops and lower TPs.
The JPY is really strong right now. It will probably retrace soon. It already showed signals to trade with NZD or CHF in the last 1-2 days.
This trade will be probably a good one soon. Technicals and fundamentals also show it. CAD is too week – the Interest rate decision will probably help it to recover -, the CHF became strong in the beginning of the week. So, wait for the confirmations.
This was a good trading option earlier, but ruined by the EUR. The politics moves the EUR right now. So I can’t tell that it will recover tomorrow, but probably it will become stronger in the next some days. All EUR pairs will climb back, when it happens. I’m sure that we’ll see it soon.
EURUSD can be also a good choice when the EUR will start to recover, but my strategy shows that EURCHF will be a better choice. USD and CHF will also fall back soon and probably the CHF will start it during the EU session. I’m waiting for the confirmation.
And finally the GBPUSD. GBP felt a lot in the last some days/weeks. It will probably boost with the EUR soon and the USD will fall back. I think it will happen soon. Maybe it will start on Wednesday or Thursday, but if not, I’m sure that we’ll see nice shorting options in the next days.
So come back later and check the new trades.