Tuesday impressive movements in USD and JPY yesterday, let’s see what we can pick up from there
- Positive: AUD, USD, EUR
- Negative: GBP, JPY, CHF
- Pair(s) to Watch: USDCHF (Buy), AUDJPY (Buy)
- Asia Session Events: Money Supply [JPY], Business Confidence [AUD], Price Index [CNH]
08:57 Sell USDSGD to 1.35139
09:43 looks like the Dollar going to break out of the channel to the upside, that would be not too good for the USDSGD Short trade.
09:50 as expected, USDSGD broke above. hedged right at the trendline, it may get back down, but it’s better to wait now.
11:44 reverse USDSGD to Buy, this is still a low probability as the vWap is almost straight plus the dollar is close to a resistance level.
13:25 price dropping sharply to the vWap. scaling into the fall.
13:41 Close all USDSGD trades after 4 hours waiting .. not taking any risks on a pullback
Total Today: +0.462%