Balkh's Blog

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Australian dollar

I think it's time today to invest in australian dollar against major currency because fundamentaly gold is trading high and australian dollar mostly supported by gold and technicaly hourly indicator shows australian dollar oversold.
I will buy aud/usd with stop loss 0.73 with target 0.755 for next days and short for Gbp/aud with target 1.69
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Comodity supported currencies

On Canadian dollar has big influence oil price and on australian dollar has influence gold price . If commodity market is bearish then it's beter to have the same sentiment towards australian, canadian , new Zeeland dollar
I am bullish towards australian , canadian , new zeeland dollars against major currencies ,because commodity is bullish.
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Australian dollar and gold

Australia is a commodity country. It"s most central bank reserve is in gold and Australia is gold producer. Any gold price has a great influence on value of australian dollar. Today and yesterday gold sentimen has been bullish and today sentiment for Australian dollar will stay bullish . I will go short eur/aud with stop loss 1.515 target will be 1.48.
For aud/d long position with stop loss .734
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NZD is more atractive for investing

I think Nzd is more atractive for investing against major currencies.
The reasens are following:
1.Us remark on Norht Korea
2. Possible USA president executive order on extra import tarief
3.on euro can have influence french election
4.Gbp,euro,Usd and Rub are involved in possible sanction on Russia.
5.on japanese yen can have political tension in Korean penensula.
And also because of positve movement of commudity makes Nzd more atractive.
I think it's beter to buy nzd/usd,
and nzd/jp
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USD waits fed chairman speech

Today fundamentalist-traders are waiting fedral Chairman Yellen after wich wil be clear direction for usd pair currency. I think today it will be beter trade on the basis of technical indicators. I am going usdmxn long with stop of 18.5 and Usd/cad short with stop 1.35.5 because expectation of data from Canada is positive
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USD before US & China meeting.

Usd was yesterday bullish against major currency and the main reasen was german and ftench election in eurozone and brexit + Gibratar status having negatiev influence on Gbp and Euro, high job creation in US in last month positive factor for Usd , negative situation in Commodity with bearish effect on Zar, CAD, AUD.
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