Cyclopip

Going with a Sterling special this week with U.K. jobs update tomorrow and a possible pick up in Brexit activity, and taking another look at AUD/CAD with Aussie & Loonie events ahead. 

After breaking below a rising channel pattern, will AUD/CAD draw in more sellers to push the pair lower? 

Both of my open positions closed this past week, one at the profit target and the other…. not at the profit target. Here’s a quick review on both

We’ve got central bank events for both Australia and New Zealand, pushing the Aussie and Kiwi pairs straight to the top of this weeks’ crosses watch!

After falling back to trigger my long orders, GBP/NZD popped up to give me a quick profit this week, and with a major economic update from NZ, I’m adjusting to lock in some profits ahead of the event.

We got another round of potentially volatile catalysts for the Loonie and Kiwi this week, making these textbook trend setups ones to watch on NZD/JPY, AUD/CAD, and CAD/JPY this week. 

A simple technical setup and a likely pick up in volatility next week makes GBP/NZD the play of the week if the price is right. 

No luck on getting additional momentum in EUR/AUD after the consolidation break. And with a potentially negative Aussie event ahead, I decided to cut this trade. Here’s a quick review.

Big week for the Aussie and Loonie, so we’ve got a mix of chart patterns to watch including a channel, a double top and an upside range breakout. 

Potential volatility could be coming for the Loonie with the Bank of Canada meeting around the corner. Will we hear talks of a rate cut?