the Aussie seems to be falling from the uptrend channel due to its sensitivity to the dollar as the dollar is getting some momentum but it might resume its uptrend within this month if the market priced in the dollar fiscal stimulus but if it doesn't it most probably begin to create a downtrend it's better to wait for trend confirmation before taking any actions
the loonie is creating an astonishing downtrend it's now dipping but within the range of the downtrend it might be an opportunity for short term long with a tighter stop loss but it's advised to wait for it to rip and short so you don't end up bucking the trend it would possibly make to the resistance zone drawn in the chart above
the cable is making a legitimate uptrend in spit strength in the dollar index technically speaking: it's dipping now and it's a very good time to long it until the precedent resistance zone of 1.4150 fundamentally speaking the pound is getting stronger due to the fact that the UK is doing great in term of vaccination of its population and lifting covid...
what's going on? why everyone is cashing out? at the beginning of this week, the Dow Jones is in record low since 2017 the gold is declining as well, it went down from 1700$ to 1500$ almost all currencies are weakening against the dollar. the dollar index is in making record high in 3 years so what it all means? obviously investor are cashing out but is the...