EUR/USD

Trading strategy: Long

Open: 1.1990

Target: 1.2250

Stop-loss: 1.1915

Recommended size: 2.67 mini lots per $10,000 in your account

Short analysis: We see a recovery move after today’s Fed statement, the USD rally may be over. Long opened at 1.1990.

GBP/USD

Trading strategy: Await signal

Open: –

Target: –

Stop-loss: –

Recommended size: –

Short analysis: We see a risk of a trend change here. But a long trade would be risky, because BoE meeting is scheduled for next week with rising risk the central bank will stay on hold.   

USD/JPY

Trading strategy: Short

Open: 109.25

Target: 110.35

Stop-loss: 107.00

Recommended size: 1.49 mini lots per $10,000 in your account

Short analysis: Today’s price action gives some hope to our USD/JPY short. We keep our strategy unchanged.

USD/CAD

Trading strategy: Short

Open: 1.2835

Target: 1.2400

Stop-loss: 1.2930

Recommended size: 1.93 mini lots per $10,000 in your account

Short analysis: The USD/CAD remains anchored near 1.2850, trades 1.2803-1.2883 range. Bulls need a close above 1.2900 to gain momentum, but we think this scenario is unlikely given USD sell-off after Fed’s statement. We stay short.                                                                                                               

AUD/USD

Trading strategy: Long

Open: 0.7515

Target: 0.7750

Stop-loss: 0.7450

Recommended size: 2.31 mini lots per $10,000 in your account

Short analysis: We saw a full retracement of December 2017-January 2018 rally and now it’s time to go up. We opened long at 0.7515.

EUR/GBP

Trading strategy: Buy

Open: 0.8780

Target: –