GBPUSD – Expecting a new higher low
The GBPUSD price action is in a corrective sequence which in the short-term could visit fresh lows. In the long-term, our bias keeps bullish with the possibility to visit the pre-Brexit levels. The Big Picture The Sterling is retracing from the bullish cycle started on January 16, 2017, when found buyers at 1.1986. This bullish…
First Two Big Breakouts for the Dollar
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we observe the first two big breakouts for the dollar. The dollar has been threatening to break out to the upside again most of the major currencies. This process has already technically started and…
The Dollar Is Showing Signs of Strength
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we see that the dollar is showing signs of strength. Yesterday, we saw a bit of strength creep into the US Dollar. Now, we would expect this strength to continue from a technical perspective.…
Gold Is Above $1303 Again
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we see that Gold is above $1303 again. From a fundamental perspective, it is easy to support the price of Gold with concerns about global growth and trade tensions to name a few. It…
Watch the JPY and Potential for Risk off Trades
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we watch the JPY and there’s also the potential for risk off trades. The trade in question is the EURJPY. We anticipate a bit of JPY strength creeping into these markets. This is also…