I’m going to be shorting gbpusd as my analysis is indicating an exhaustion in the bull market and because of that I’ll be expecting cable to nosedive. My own point of view, but we can never know
Price has tested a support zone and did not manage to break it, this means price has a solid chance of continuing on a bullish run provided this coming weeks news events adds more momentum in the price
After a week of price having no particular direction , price went down to test a support zone and immediately price went up. I expect price to rally up in the next days
GBP/CHF has presented a head and shoulders on the hourly timeframe signifying a sell. Price may be biased to fall down to level 1.12065. Tight stops should be in place as on higher timeframes price seems to be in an uptrend.
EUR/GBP is trading to the downside today prior to the EUR ECB's Lane Speech. We anticipate a bearish move down to level 0.84419
USD/CHF is trading to the upside today prior to the US Fed Vice Chair Brainard Speech. There has been a breakout on the hourly chart and price is backed to continue being bullish. We anticipate a bullish move up to level 0.98615
USD/JPY is trading to the upside today prior to the CFTC JPY Speculative Net Positions. We anticipate a bullish move up to level 140.043
NZD/USD is trading to the downside today prior to the NZD CFTC NZD Speculative Net Positions. We anticipate a bearish move down to level 0.59951
EUR/USD is trading to the downside today prior to the EUR ECB Publishes Account of Monetary Policy Meeting. We anticipate a bearish move down to level 0.97456
USD/CHF is trading to the upside today prior to the US 7-Year Note Auction. Price is expected to make a breakout going bullish. We anticipate a bullish move up to level 0.98615
GBP/USD is trading to the upside today prior to the US 5-Year Note Auction. We anticipate a bullish move up to level 1.21124
EUR/GBP is trading to the upside today prior to the EUR German 10-Year Bund Auction. We anticipate a bullish move up to level 0.84896
USD/CHF is trading to the upside today prior to the US API Weekly Crude Oil Stock. We anticipate a bullish move up to level 0.98615
USD/CAD is trading to the upside today prior to the US API Weekly Crude Oil Stock. Price has reached a resistance zone and has retraced upon reaching it. Technically price has presented a head and shoulder pattern which is a reversal pattern acting as confluence for a bearish move. We anticipate a bearish move down to level 1.27038
NZD/USD is trading to the upside today prior to the US 6-Month Bill Auction. We anticipate a bullish move up to level 0.65602
AUD/USD is trading to the upside today prior to the AUD Manufacturing PMI. Price has respected a support zone on the 4 hour timeframe with an inverse head and shoulder pattern acting as confluence for a major upward move. We anticipate a bullish move up to level 0.72641
USD/CHF is trading to the downside today prior to the CFTC CHF Speculative Net Positions. We anticipate a bearish move down to level 0.93717
NZD/USD is trading to the upside today prior to the US FOMC Member Barkin Speech. Technically, price has reached a strong support zone on the 4 hour and daily chart. Price is expected to respect the support zone with a inverse head and shoulder pattern acting as confluence for a strong bullish move. We anticipate a bullish move up to level 0.65602