As we approach the start of a new trading week and to celebrate the launch of our blog, we're kicking off a series of posts that we aim to make a regular practice. We'll be sharing our weekly forecasts, discussing and showcasing our long or short positions, so you can see for yourself just how accurate our predictions are.
Currently, we're holding three positions from last week:
**BTC - Long Position:** We started buying at $60,000 before the weekend, and we’re continuing to buy now. We'll keep buying up to the $69,000 - $74,000 range, and then we'll assess the market situation from there.
**AUD/NZD:** We expect the Australian dollar to start reversing upward, either this week or next. Therefore, we're starting to make small purchases in advance and will continue to buy as long as the price hasn't reversed. The reversal could happen by the end of this week or next, depending on how quickly the market moves.
**EUR/USD:** We entered a short position at the end of last week, and we're continuing to hold it despite the price bouncing up after Powell's speech. The pair is heavily overbought, and we're anticipating a correction down to at least the 1.09 - 1.08 range, possibly even lower. We're entering the short position cautiously, as the rally before the correction could continue up to 1.127, where we might see a pullback. Until then, we’ll continue to enter shorts with small, careful positions.
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