Second target cleared on GOLD congratz
AUDNZD stop trying to pick the bottom and start selling…
The divergence between the RBA and RBNZ monetary policy is now back in play because of the Australian bushfires, data from Australian will be impacted by the bushfire, starting from GDP to then spill over jobs, the RBA will have to cut rates one more time while the RBNZ is now comfortably neutral, AUDNZD are once again very attractive shorts.
Retails are now more than 92% long and they keep adding trying to pick the bottom, don’t be like them and think professionally, we have highlighted the best entry zone to short AUDNZD.
Price action on USDJPY since August…
The picture is pretty straight forward, buy any dip caused by temporary concerns, the majority of my telegram followers voted that the Coronavirus will fade away from the media soon and i do agree with them, no virus ever had a lasting impact on the markets and Trump and his administration will come to rescue indices if they fall sharply on the virus headlines by tweeting positive comments on phase 2 with China and so on inevitably pumping USDJPY too.
We know that institutions are adding JPY shorts on these Coronavirus rallies which further confirms our view that the recent moves will fade over the coming weeks…
Retails here are 80% long so it’s too early to jump into longs but it’s something worth keeping an eye on and track when retails switch from longs to shorts.
Natural Gas giving a new opportunity to sell…
We have been shorting Natural Gas since January 25 for one reason, seasonal commercial flows, we know thanks to our tools that Natural Gas demand decreases from January 25 to February 12 and that causes Natural Gas prices to decrease in this time range almost every year.
It’s, of course, a great opportunity which we have been capitalizing on and continue to capitalize on, you can too, in the chart above you can see the best entry zone right now and the targets.
Natural Gas has been a fun ride, some positions went out at break even, some took early profits but overall the zone worked perfectly, it’s loosing a bit of strength now so will start to be careful opening new trades, we have no position running at the moment in this asset.
Question, seems this thread is not getting much attention, is anybody interested in it?
Don’t forget to keep buying the dips especially now that Coronavirus worries are fading away from the markets, the next few weeks confirmed cases will likely slowdown, recovery rate will increase and China will push upbeat positive news to keep their markets supported, which means risk assets like USDJPY will edge higher.