Were looking at the GBPUSD this is a pair we do not like to trade at present due to the current climate and uncertainty that consistently surrounds this pair.
GBPUSD can be so volatile and unpredictable that even technically with indicators and market sentiment a sudden news flash or tweet sends this market into 100 pip chaos.
Here we take a look at...
Looking at the AXY there appears to be further decline due to key global and economic issues surrounding the USA, china and UK markets.
Here we take a further look at shorting the AUDCHF pair and our reasons why.
Australian weighted average 4Hr
The Australian weighted average looks to have hit a key resistance level. Were...
Here we can see the latest GBP weighted alongside the USDGBP and DXY, note the USD is strong are we looking at a false break to the highs on the GBP prior to a sudden fall to the downside?
Were looking to short this pair on clear confirmation of a breakdown within the two keys areas on the chart
Good luck :)
Looking at the EUR weighted average chart, were looking to short once a confirmed break of the support area.
Ideally we would like to see a break retest (return to support/resistance) to confirm our short positions.
Confirmation will confirm a short across most EUR pairs.
Good luck :)
We have been trading the EURUSD all year with a strong bias towards the downside.
Looking at the monthly "EXY" Euro currency index we can clearly see a strong momentum building to the downside (falling wedge cycle).
Observing the latest economic climate highlights the worsening slump within the EU bloc. With the ongoing Brexit and Germany looking...