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Trade of the day: AUDJPY

AUDJPYH1

The pair is advancing up a trend line, supported by a bullish RSI and the 50 hourly moving average. Today the pair opened above the pivot price which is at 86.75. Price is currently around the support zone of the rising trend line. (more…)

Posted on: March 14, 2017


Trade of the day: EURGBP

EURGBPH1

A very weak Sterling has been on the receiving end of an Euro dominance for the better part of the week and the last few days of last week. Today the market opened above the pivot which is at a price of 0.8650. There is still potential for some further upside.

(more…)

Posted on: March 9, 2017


Trade of the day: EURUSD

EURUSDH1

The strength of the US economy in recent times, coupled with the increased possibility of a rate hike later this month has seen the Dollar dominate against a basket of other currencies. More recently the USD Index took a correction towards support but is not on track to make a recovery.

(more…)

Posted on: March 7, 2017



Trade of the day: AUDNZD

AUDNZDH1

The pair is on a tight uptrend although as can be clearly seen, the RSI is at an overbought point. This can signify that the trend could push up much further or could signify the market may soon reverse. A reversal would likely be indicated by price moving below the days pivot, which is at 1.077, and below the 50 MA. Also a reversal might be signaled by a bearish divergence.

(more…)

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