Weekend Analysis – CADCHF Bearish Bat & Bearish Shark
Charts showing us a Type 2 Bear Bat with a Bear Shark on the lower TF, all at a Sell Zone. Monitoring and trading this with caution.
Category: Market Outlook
Weekend Analysis – EURGBP Potential Bullish Crab Pattern
A midst the intense Brexit talks between the UK and EU officials will continue through the weekend, a Potential Bullish Crab Pattern emerges on the charts
Weekend Analysis – GBPJPY Rallies Hard on Positive Brexit News
British Prime Minister Boris Johnson and his Irish counterpart Leo Varadkar found a path towards a possible deal. This caused the GBP to rally hard. The optimism is guarded as negotiators will still have to sort out the details.
Weekend Analysis – AUDUSD gets a breather, off the lows
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.
Weekend Analysis – CADCHF Potential move towards 0.7300
This CADCHF pair has been very obedient, abiding closely and behaving according to the Harmonic Patterns over the past 2-3 months. Hence the strategy behind this pair is to just trade what we see on the charts.