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CURRENCY ANALYSIS
POSSIBLE TRADES
TECHNICAL COMMENTARY
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MAIN HIGHLIGHTS & TODAYS PAIRS
CURRENCY ANALYSIS
Has hit 2nd Inner Uptrend Line after breaking the 1st one;
PAIR
AUD USD
TECHNICAL COMMENTARY
USD CAD
This pair has given us a Bullish Signal in an apparent attempt to start a breakout long
from the small Pennant. The size of the candle can also be considered to be a Normal
Candle which usually leads to profitable breakouts. Nevertheless, the distance by
which it has broken the Resistance is not enough to justify entry.
If we see another Normal Candle above this one, it could lead to a rally in favour of
the USD as it breaks above the Downtrend Line. This may also be the start of a
reversal that resumes the overall Uptrend following the bearish break of the Range
Setup.
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