the pair has been on quiet a run of late and might continue on the short term but still a short is in sight during the coming week or next so stay focused
the RVI is still showing signs of a long in perspective even though the pair approached a support zone
The USD is not currently in a good place compared to the CAD as it is in losses but the trend keep on showing a strong upward movement.
with the pattern complete the support trend is expected to b broken the coming weeks as it is trying to break below the 200 MA
Although the pound pulled up a strong start to the week a minor pullback might occur in coming days but the general expectation if for the pound too stay strong and keep gaining against the kiwi. Technically the pair gives mixed signals as it still trades below the 200 MA
the pair is currently trading a t highs and a reversal is expected too occur soon since it is in a reversal zone but i wont count on it immediately as we see the pair reach 2016 highs of 1.0374 especially due to the strong dollar and if the FED dont cut the interest rates. The pair is also on a strong upward momentum trading above the 200 MA. Beware of market...
the pair just formed a pin bat on the day chart agreeing with the upward pattern about to happend. But beware a false breakout as it might be trap and the price will continue retracing down caused by the strong dollar of late. But the pair hit a crutial suppoort zone zo a close eye to be keptoon this pair
next week will prove to be crucial for the pair with sensitive data to be released on monday tuesday and friday and the pair currently provides mixed MA signal trading below and above the MA depending on the time frames used soo its up oo the fundamental analytics to take major play
The RSI is clearly clearly running in bear territory on short term trades but potential of a rebound is still in mind as it is headed towards a support zone coupled with the strong US data which is being released of late shows potential of a further bear market on the short run but bulls are expected to step in and defend the support area to push the pair back up on a run
The pair currently trades below the 200 MA indicating the weakness in the pair but it slightly pulled back on the strong data provided by the US on late Friday trading and is expected to continue. The CAD is expected to continue in its momentum in the coming week pulling the pair lower breaking the trend line and and reaching the support zone
the pair currently trades above the 200,100 and 50 MA indicating a LONG in perspective coupled with the RSI above 50 and flirting with th 80 regions, the NZD has been been strong for a whiled now with the pound in a BREXIT turmoil causing the pair to be very volatile. the AUD which is linked to the NZD has been strong too due to the resurgence of GOLD. a minor...
the USD index is at a soft spot after rising through out 2018 the 97.00 level has been tough to crack through coupled with the government shut down and the dovish FED feeling in perspective a short is more likely on the index
An upper channel being formed is a clear indication the pound isnt trowing in the towel but staying strong against the dollar which has been strong of late it out performed the USD by more than 2% since the start of the year