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A long and steady intra day down trend has been established in this pair. With more uncertainty across the eurozone we will look ton sell this pair close to the trend line and hold short down to the 0.84800 level. Good luck
After a weekly push from the pound GBPAUD has reached the top of the Bollinger band and volume levels are beginning to appear over bought. We have entered the trade short and will be looking to take 200-400 points from the reversal.Good Luck
With a closing wedge formation we expect the price to break trend and make a strong move either up towards the 1.43 arena or short to the next support zone of 1.40. With major fundamental influence coming from gold levels and some heavy data due for US, we remain patient to watch the price action. Our bias is short as this area does attract a lot of bears and...
After the recent decline in the pound over the last 12 months GBPCAD began to form a sideways trend and is now looking recover back to a forecast level of 1.76-1.79. If you are in the market for a longer term opportunity, currently the price has pulled back to the base line of the up trend and presents good long trade opportunity. Good Luck.
On the longer time frames GBPJPY has began to form a down trend. This morning on the 4 hour chart the prices has pushed to the trend line and also produced a bearish signal candle at this level. We have entered the trade short.Good Luck
With the USD weakness over the weekend we have seen the Euro push back to the high of the trend. With a strong down trend in place we believe this area strong one to sell from.
The US dollar is breaking down again as we work deeper into the European session today, a development that comes after a week of very strong US data failing to excite renewed selling of US...