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GBP/USD just turned lower from a major area of interest! Does this make the pair ready for a longer-term bearish reversal?
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Today we saw a softer-than-expected Australian CPI print, potentially setting up AUD/JPY for a continued downside move in the short-term.
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We’re taking a look at AUD/CHF and AUD/NZD setups in case inflation in the Land Down Under comes in hotter for February, just as markets are expecting.
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Even though the RBA signaled a more cautious approach to further easing, downbeat CPI data could still revive calls for another immediate cut. Here’s what I’m looking at on GBP/AUD and AUD/JPY in this scenario.
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Is USD/CHF getting exhausted from its slide? I’m seeing a potential reversal chart pattern being completed on the 4-hour chart of this pair.
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The coming week brings critical inflation readings, flash PMIs, and the UK budget statement – all potential market movers. Here’s what you should look out for when navigating currency price action.
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Missed the longer-term trend line break on NZD/JPY? There could still be chance to catch a quick retest if you’re counting on the reversal to gain traction.
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Our AUD/CAD short position was closed ahead of today’s FOMC event, after already capturing a large portion of the anticipated downside move. Here’s a quick review!
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GBP/NZD looks like it’s losing its bearish momentum after falling from its 2.2750 highs. Are the bulls just taking a breather?
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Is the trend still our friend on GBP/AUD? I’m seeing a major correction taking place on a channel visible on the daily time frame. Check it out!
Read MoreWhen you want to succeed as bad as you want to breathe, then you’ll be successful.Eric Thomas