Weekend Analysis – AUDUSD Fell as expected
The Aussie Dollar seems to be looking for reasons to fall. Last week’s unemployment rate in August ticked up to 5.3% from 5.2% easily pushed down the AUDUSD by a 100 pips lower.
The Aussie Dollar seems to be looking for reasons to fall. Last week’s unemployment rate in August ticked up to 5.3% from 5.2% easily pushed down the AUDUSD by a 100 pips lower.
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.
EURGBP is currently driven by fundamentals, the ECB and Brexit. A failed Bullish Bat Pattern last week, indicating to us that there will be more downside in the coming weeks.
A Bearish Bat Pattern completed on the H4 charts. Will be trading this pair with caution as there are hints of warning signs on the charts. Pair is currently Fundamentally driven right this moment.
AUDUSD had a nice bounce from the lows in the past 2 weeks, after some consolidation. However, this display of strength might be short lived as charts showing bears could be coming back.