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.
Weekend Analysis – EURGBP took profits at Resistance (+94pips)
The flip flop news from the Brexit negotiations trickling into the market has made trading this pair difficult. The latest is that, Boris Johnson has gotten the backing of the UK Parliament to negotiate, but the EU leaders appears poised to reject his latest proposals. Giving him one more week to improve this Brexit plans.