Monday 6th December to Friday 10th December 2021
CHF/JPY
Entry: 122.769
Stop Loss: 122.079
Take Profits 125.538
Comments: Wait for a DAILY candle to close above 122.850 before entering a trade.
Alternative: If price closes below 122.352 then expect further downside towards 121.500 and 121.000.
Major news this week: N/A
NZD/CAD
LONG
Entry: 0.86460
Stop Loss: 0.85804
Take Profit: 0.89453
SHORT
Entry: 0.85806
Stop Loss: 0.86661
Take Profit: 0.83076
Comments: We are waiting for a clear reaction to the current price which is currently at a key support/resistance level. Wait for Bank of Canada’s interest rate announcement and monetary policy statement on Wednesday before entering any trades.
Major news this week: 8th December 2021 - Interest rates decision and monetary policy statement (CAD).
USD/CHF
Entry: 0.92151
Stop Loss: 0.92473
Take Profits 0.90883
Comments: Wait for price to make a clear rebound from the current resistance level before entering the trade.
Alternative: If the price closes above 0.92473 then expect further upside towards new highs above 0.93736.
Major news this week: 10th December 2021 – CPI and Core CPI figures release (USD).
* All trading involves risk and losses can exceed deposits. Any opinions, news, research, analysis or other information contained does not constitute investment advice.
* SPE analysts risk no more than 1% on any FX trade.
