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Trading analysis and trading signals 8th of February


During the day, we can notice a return to risk appetite with the expectation of more quantitative stimulus in the United States of America, but we should note that the further offering of US Treasury bonds at high interest rates will give the US dollar some strength with high interest rates, so we may test some strength for the US dollar, which We expect gold prices to be one of its victims in the medium term

 

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The most important trading opportunity today


Australian vs New Zealand

The 100 day SMA is trading successfully above the 4 hour chart, we expect further bullishness towards 1.0748 levels.

Recommendation: Buy the pair currently with a stop loss around 1.05363, take profit 1.07472


The Swiss franc against the Japanese yen

It is trading successfully above the 100 day moving average on the 4 hour chart with some negativity on the RSI which may give us opportunities to buy from levels around 117.00 or below, but we expect a further move towards 117.8

Recommendation: Buy the pair now and repurchase around 116.90 with a stop loss around 116.562, and take profit 117.856


Pound against the Canadian dollar

The pair continues to trade positively above the 100-day moving average on the 4-hour chart, and is currently starting a new wave of bullishness after a correction descending during the beginning of today's trading, we expect a further rise towards 1.76470

Recommendation: Buy the pair currently with a stop loss around 1.74441, take profit 1.76299

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