AUDUSD continues to be linked to the risk appetite, recently determined by the trade talks between US and China. The Australian economic data signalled a sluggish economy. Then a renewed hope for an agreement in the US-China trade war boosted the AUD towards the end of the trading week. The pair managed to hold on to the gains for the week.
This GBPJPY trade triggered over 2 weeks ago finally hit the intended TP1. Closed off half a position with a +225pips profits. Looking towards the next target for a 400pip gain.
Market Outlook and Analysis (Oct2019 Week1) Currency Pair: GBPJPY Fundamental Analysis – GBPJPY As the clock ticks down towards the 31st Oct deadline, the market is becoming less optimistic that…
The Brexit news will be the catalyst to move this pair. The lack of real optimism has been limiting the appeal for GBP. The pair getting resisted with a Bearish Bat presenting itself at a Sell Zone.
CADCHF is a strong candidate to be my star favourite pair for 2019. The rule of the game is to trade it as you see it. Follow the predefined rules and trade them accordingly.