GBPUSD Finding Support – Potential Buy
GBPUSD Finding Support – Potential Buy Taking a look at the 1hr chart, price action is attempting to break above 50 with RSI which is the grey dotted line. Should we break and hold above 50, expect further bullish momentum towards the descending channel resistance. Knowing the fact that we have another interest rate decision […]
NZDCAD – 50 Pips Away From Buy Zone
NZDCAD – 50 Pips Away From Buy Zone NZDCAD continues to trade south in a descending channel on the larger timeframes (daily). Currently price action is headed back down towards support which is only about 50 pips away from the current price. Should price action show some bearish stalling action at support, I’ll be looking […]
Will Dollar Gain Heading Into The FOMC?
Will Dollar Gain Heading into the FOMC? Last week we saw the dollar regain strength across all rivals including the euro. Current price-action is now trading back in the slightly bullish tilted channel as displayed on the daily chart above. On Wednesday, the federal reserve is likely to raise interest rates once again. This time, […]
AUDJPY – Likely to Consolidate Heading into BOJ
AUDJPY – Likely to Consolidate Heading into BOJ Looking at the daily timeframe, price-action is likely to remain more in consolidation until the next major risk event which is this Thursday’s Japanese CPI followed by a BOJ interest rate decision. My recommendation is to be cautious about trading Yen pairs as we head into Thursday. […]