G7 & Low Liquidity Trading for Easter.

Briefly, and before Easter Holiday, I have the inclination to present my open securities in very short and solid studies.

• G7 speculation last time has triggered Yen Strength. G7 this time has not the same agendum, and till then Yen Rollercoaster Craze is a ride of no forget.
• AUD is expected to retrace 150 pips the least.
• EURCHF – Topped, OB again on monthly charts, and a buy dip is a nice idea for a ‘camping trip’ towards 1.7
  
• EURNZD striving its year lows and momentum is extremely bearish. 18823 is in the offing.
• Dax, has approached its yearly high, and from here with some help of other equities, vicious tumble is to be gauged by mid April, maybe further than the mid a bit.
• Gold is in nice daily pennant triangle. That does not mean sell top/ buy dips. Market does not let you a joy of a nice straight drawing, so expect false breaks from either side. Affording false breaks if any, 585 is of no escape.

Oldies Kryptonite:


Oil & its correction: In my previous Newsletter, I entangled short details about Oil and my Political View. Specifically I have mentioned that “Our long Term trades has translated the tension ahead of time, and correction (short term) is expected after the weekend.” This Week: Indeed Oil Correction took place after the weekend and the situation with Iran calmed down. Had I known that my Oil Correction View will let the situation calm down with Iran, then I should be hoping to be living and trading in an Oil Correction Cycle all the time.


Tread Carefully: The market narrowed its wave to 23900 which should be corrected to 24100.
This Week: GBPCHF screened finally 24100 and ForexSurvivor Long Term GBPCHF trade has been closed enjoying 720 pips.



Click here to find below Weekly Closed Trades of 271.5 pips.