AUD positioning looks very interesting, a possible divergence is forming. Since making that high in long positions in April, AUD was not able to reach it again. The current hesitation signals a potential long term reversal. Let’s tak a look at the chart. I’ve chosen EA rather arbitrarily, because the other currency really does not […]
GBP continues messing up the markets after the Brexit. Another pointless spike has happened early in the morning, just to close your stop losses with a huge gap and then retrace back to where it was before. Such situations are only further confirming that trading on lower timeframes is not safe […]
Both USD and CAD have been depreciating to most other currencies, and yet neither managed to trade in a good long term trend. Their cross pair has been trading with very choppy price action for the last 5 months. Every time we come to the boundary of such range, it deserves our attention. At the […]
The market has been stagnant on higher timeframes for a long time right now. After the Brexit and before US election the money is hesitating to move. UJ continues moving in the same range for the fourth month. USD looks like a complete mess on daily, with most pairs showing very choppy price action. JPY […]
Despite all the doom and gloom that most analytics suggest for USD, price action suggests otherwise. To me it is always important to compare economic events with traders’ psychology I am reading on the charts. USD has been trading in bearish cycle on Monthly for almost 2 years now. USD is the most bearish currency […]
GBP is possibly starting a Daily reversal. It’s been oversold for way too long and no one wants to sell further at these prices. However, right now it is finishing its bullish cycle on H4. I want to see the price action in the coming bearish cycle, and if bears will show weakness, GBP will […]
CAD is clearly losing its bullish momentum. It is the strogest bullish currency today, but it is unable to make new highs, facing strong resistance in many pairs. There are still many TLs in CAD profile that needs to be broken before the trend reversal is confirmed, but CN is already offering a great selling […]
GBP has started the day rising, but it was facing many resistance areas from the previous week, breaking which would have been too much to ask for. AUD did not really grow today, if we look at other trading pairs. Other than AG, only AU was more or less bullish. AUD is very likely to […]
A strong bearish move in GBP due to the rate cut today. It will be interesting to watch if GBP sustains this move, since it is meeting support areas in some pairs (GE, GN, GU, GH). AUD was the strongest bullish currency of the day, but most AUD pairs have struggled to push higher (AU, […]
Very sharp rejection of NZD’s bullish move. Very interesting to see clear divergence on H4 before the reversal. H1 showed a great entry opportunity, thanks to CAD correction in yellow rectangle.
