GBPAUD is bullish on H1, H4, D and W charts just like EURAUD. Technical analysis reveals a bullish butterfly pattern with some reliable potential reversal price levels based on support and resistance. However, it is important to do your own due diligence on the following fundamentals: GBP: British Halifax House Price Index, British Industrial Production and...
Today was the day for the UK to show how well the economy is performing by its GDP result. Through fundamental analysis its previous result, the forecast for this quarter is GDP was 1.4%. Although it surpassed its forecast with an actual GDP of 1.5%. This resulted into a massive 108 pip increase within its first hour of result. Also, it has tested/broken the major...
Hey Everyone! I have taken EUR/USD long this morning as you can see it on the picture. Strong bullish movement in the past month The last 4-6 days show a clear strength of EURO Daily Chart signals engulfing candlestick pattern A strong bounce from an Hourly trendline was expected (not on the picture) All in all, I believe it's a good trade and still...
Long-term fundamental is bearish . US has big soybeans 0.23% stocks , export is falling. Harvest in Brazil and potentially big crop in South America adds bearish sentiment. Weekly chart shows rejection of VAH, price moves down inside balance, so I'm waiting the continuation of price falling.
Fundamental Analysis: My sentiment for the long term of the GBP is bearish because its central bank leave its monetary policy unchanged, and with the Brexit the inflation is going to increase, therefor it is most likely to go down . The sentiment for Canada is slightly bearish, because the BoC are most likely to leave the monetary policy unchanged, but with most...
It could be said that it is slightly strange that the Euro isn't weaker. As of writing, EURUSD is trading at 1.1040 after seeing lows of 1.0458 back in February 2015. From March last year until February this year, EURUSD was in a very steep downtrend with a range of ~3500 pips. Since then, the pair has remained relatively stagnant, after seeing a bounce off of the...