Roland Wenzlofsky / Profilo

Finally we have reached a zone of heavy support in USDCAD (1.2800). It was time to risk a USDCAD long together with EURCAD long.

Took a quick profit with GBPUSD with an RSI below 20 and another quick profitable short trade EURGBP when it reached heavy resistance. Now waiting. Would like to see USDJPY much lower during the next days

Bought some NZDJPY into heavy sell-off, booked a tiny profit

The upcoming trading week:
(1) I am preparing to build a position in gold (XAUUSD) in the 1190-2000 area, with room to build more towards 1140, should it happen. I consider this a medium-term position

(2) I will revisit NZDUSD, willling to built into a short position if we should reach the 0.7200 area. I expect NZDUSD to roll over again and to continue its downtrend.

(3) Long USDCAD is becoming very interesting should 1.2820 be reached. I don't expect a huge decline below 1.2820. I would be willing to build into this long position if declining further down to 1.2700. Only if we break below 1.2700 i would rethink the long position

After building into a NZDUSD position into heavy resistance (see the daily charts), I closed it before the weekend with a nice profit. I took the position when i saw that NZDUSD was in the overbought area of the hourly RSI.

Another position we had last week was AUDNZD. But when there was no movement in this currency pair after I entered the trade, I closed it (just in time, before a decline came).

Added another 0.5 lots at a lower price.

Just bought some USDCAD, based on the hourly RSI below 20...ready to buy more further down near 1.30

No follow through in the GBPJPY trade into the close. Closed with a small loss.

I sold AUDUSD after it was reaching resistance at 0.7600 last friday. Considering bad numbers today from China (Industrial Production of China y/y decreased to 5.4%, forecast was 5.6%, this could be a great price level to sell.

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