Good morning traders. The London session is well underway this morning. Since the start of the session the USD is gaining points on all pairs whilst the opposite is true for the NZD. The combination of strength and weakness between the two currencies makes the Kiwi Dollar an excellent pair to short.
During the London session this morning we are seeing consistent strength in the Swiss Frank with all pairs increasing in value. Meanwhile the opposite is true for the Japanese Yen - all pairs are down making the Yen weak.
The result of strong vs weak is a trend. Our pick today is the CHF/JPY pair for a long position.
Good morning traders, the London session is well under way now and we have an excellent opportunity to go long on the EUR/GPB as we see the pair breakout to the upside.
In the background we see all GBP pairs falling and all EUR pairs rising in price - here's a breakdown of each pair since the start of the London session.
Hello traders... The New Zeland Dollar continues to see heavy selling across all currency pairs as we continue through to the New York session. Fresh strength is now coming in on the Swiss Franc giving us a new opportunity to short with the NZD/CHF pair. Here's a breakdown of each pairs price movements since the start of the London open this morning:
Good morning traders. The Kiwi Yen is breaking support to the downside with weakness in the NZD pairs & supporting strength from the Yen.
Here's the performance of the two currencies since the start of the London session this morning.
With the London open well underway, the Canadian Dollar is losing points across all pairs. This gives us a low risk opportunity to score some early pips for a quick profits if we play the CAD weakness against one of our stronger currencies.
Playing GBP weakness against the strength of the Japanese Yen for a quick turn around. 60 pip stop loss with 120 pip take profit.
This morning in the London session we have seen the British Pound continue its downtrend across all pairs:
The strength in the...
- Weak pound due to BREXIT
- More upcoming uncertainty with the brexit date on the 29th
- Trade war in the US creating uncertainty on global demand
hurting UK exports (excluding financial sector)
- Trade surplus likely to increase during the fall in demand
- Possible upcoming Austerity in the UK
This is my view of the GBP in the current market state,...
As you can see from the weekly chart above there could be a larger timeframe Head & Shoulders in play.
Price is currently rejecting the $95.00 level again this week which could indicate USD losing some of its recent momentum.
If price produces another bearish close on the week we could see USD prices back into the key area of $91.00.
For the head and shoulders...
I believe that USDJPY is going to break retest the resistance above. Once a clear new support is found the next target will be the 107.947 level. I have found my target not only through structure, but also through using the fibonacci retracement tool.