Potential break upside on descending channel on AUD - CAD
Candles indicate possibility of change of direction in the 1.275 to .286 range down. Stochastic confirms second indicator.
Look how many times the 1.01 level has acted as resistance ... a whopping 4 times since July Last year ....what makes me think this might happen again ? Either way a good opportunity to get a short in with a good return value ... a stop could be just above the resistance line leaving you with a good potential return down to around the 0.99 level. any takers?
Here is a good short opportunity. Both the resistance line and head and shoulders formation is confirmation. This could drop a long way.
Shooting Star Candle after the Announcement of the snap election might be a good place to stop a short order on the Cable. I am shorting this one down to 1.26
This is a tricky long term trade. Sterling looking for value up or down from the 1.25mark. An upward break could reap better profits than a downward break as the sterling USD is unlikely to push lower than the 1.21258 mark. Coming up Retail Sales GBP figures on Friday might show a resilient spending base in the UK while the US PMI numbers might pull out in the...
Time to short the Sterling USD down to around 1.24 level - over bought stockastic and channel resistance makes this an alluring bet
If you shorted this ... you are in the money
Are those Euro Bears tired or what? This might be a good opp to pick up some Long pips on this trade Watch out for the Brexit conference this week though!
The Euro might come back a little this week at least back up to the old 1.08283 mark which is the previous resistance level
A smallish head and shoulders is forming on the downunder comdolls ... if the downside turns lower than 1.07631 we could see a fall of around 200-300 pips
RBA rate decision 1.5% expected Mostly due to Housing Bubble Risks - a hawkish rate rise is looking very unlikely - meaning there will be a push in favour of the Euro next week especially if the Brexit summit reveals any positives for the Euro on UK severance payments
Ascending channel resistance time!! Stochastic showing overbought and top end channel resistance likely plus some fundamental Euro weakness with a Greenback bounce back this week expected.... short good odd down to the 1.08 level?
Could be a good opp to get some pips back from the Aussie
Euro ascending channel plus overbought conditions could be the indicator for a downturn for the Euro A short to around the 1.06 level? Wait and see.
If the Loony gets a boost from good unemployment data on Friday the Loonie could turn up on the decending channel support around the 84 mark which could see the loony go back up to previous resistance levels of around 87.
Wait until ascending channel meets with upper historical resistance level of 1.65 then potential short opportunity down to 1.62 level All depends on Article 50 being triggered so watch those fundamentals!!