Here is the weighted average CAD. As it can be seen CAD weighted average has reached a multi-year falling trend line.
Even if CADCHF is going higher, we should see a pullback at least to the most recent lows.
Yen has been consolidating for over 9 months. Perhaps the most boring currency in 2018. See the monthly YEN weighted average below.
This made trading YEN crosses difficult throughout the year. But see how on the weekly TF, for the first time it bounced into the EMA 14 and 21 last week and nicely pulled back. ...
Here is what I think for the sterling ahead of meaningful vote on 11 DEC.
First let’s review the Monthly GBPUSD. Look at the wick of the NOV candle which was closed yesterday. Also remember that it never made a lower low since AUG. I can say there are a lot of SLs resting at 1.2662 (AUG Low) and I expect an sharp move lower once Bulls SLs hit. I do ...