The Eur/Usd is ranging but remains under the Weekly DeMark lines and the emas that are now crossing to the down side. Shorts from 1,12 and longs from 1,09 looks like a good strategy for the pair.
Aud/Usd closed with a profit of 119 pips and will soon test 0,76 level (where my take profit is waiting). Some reaction is expected at 0,7650 but I think the pair will finally manage to break those resistance levels and continue higher, well above 0,78.
Eur/Jpy just like the Gbp/Jpy remain under pressure and display notable losses but I am concerned with this Jpy strength. Investors consider the Jpy as a safe haven despite the negative interest rate. The BOJ is certainly not happy with this strength that is strongly affecting their exports and could take action at any time (assisted by other forces).
Eur/Aud and Gbp/Aud are my favorites for shorts. They have space below them before a level of support is met. I will prefer to see some retracements before going short.
Usd/Jpy lost some 200 pips this week and could easily re-test support at 0,99. I have longs on the pair that are under water and I am not very happy with this Jpy strengthening. I expect a reversal to take place sooner or later but will not take any additional trades.
Usd/Cad closed with a profit of 123 pips, mainly because of a decrease in Oil price that closed the week at 45,19 (compared to 50 some days ago). The pair is ranging and gave me the opportunity to take a quick trade during the week and open an additional short at a better price.
The important news for the week are the GBP interest rate announcement on Thursday and the speech from BOE Gov Carney on Friday in Toronto.