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Trading Analysis – 2024-08-05

USD/CHF Daily

I already placed the 1st long position down here yesterday. The goal will be to ride a good rebound to at least the 50% level and higher, since the range is at the bottom.

CAD/CHF Daily

Here too, the 1st long position has been running since today with a target of at least the 50% Fibo!

EUR/USD Daily

A pullback to approximately 1.090 is quite possible!

GBP/NZD Daily

Since a long wick has formed in the daily, I expect a short pullback to around 2.160 or even higher. After that, falling prices may occur!

EUR/CHF Daily

There could still be a new low, but I’ve bought the 1st position as a precaution via 1-1-1.

EUR/GBP Daily

The pullback is in full swing! My targets are 50% and 61%.

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