Weekend Analysis – GBPJPY running +158pip profits
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…
Weekend Analysis – AUDUSD Rate Decision the next catalyst
The RBA is set to meet on Tuesday (1st Oct). The market is expecting a 77% chance of a 25bps rate cut for this meeting. The tricky part is that, in the past, we have seen the AUD rally after a rate cut, reason being that the market has already priced in the event of a rate cut.
Weekend Analysis – CADCHF More Downside Potential
CADCHF is a pair that has been amazingly true to Harmonic Patterns. Price movement continuously falls within the Fibonacci ratios to precision. Trade ideas here is to trade according to what we see on the charts.
Weekend Analysis – EURGBP Potential Reversal in the works??
On the Brexit front, there were lack of any solid development, but this has not stopped the market from buying the pound, hoping for some positive news out of the Brexit negotiations. However, a potential reversal move is now on the table.
Weekend Analysis – GBPJPY Start of a new Downtrend
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.