EUR/USD
EURUSD fell on Monday but
managed to find support near the 1.13 level. With this we believe
that we must look for some supportive candles in order to go long
with this pair. We know that the interest-rate decision coming out
above the Federal Reserve will be a major driver of this pair this
week, but at the end of the day we believe that this market is going
to go higher given enough time. We do not see potential for selling
this pair.
GBP/USD
The GBPUSD pair
fell significantly during the session on Monday, but turned back
around to form a large hammer. With this, it looks like we are trying
to break out to the upside but there is a significant amount of
resistance at the 1.55 level. Once
we break above this level we are very bullish. For now, with the
yearly CPI release we believe this market may give some uneven
movements.
AUD/USD
AUDUSD broke higher on
Monday, clearing the shooting star made on Friday. With this we think
market may go higher but there is a barrier at 0.72 level. In no time
we think sellers will enter into this market. If we get below 0.71
level we may head to 0.69 level.
USD/CAD
USDCAD went back and forth
during the course of the day on Monday. We believe that the market
continues to grind its way slightly higher, as we will need some type
of momentum to break out to the upside and start reaching towards the
1.35 level. We believe that any pull back from here will be supported
all the way down to the 1.30 level. Though, the pair is consolidating
a lot, but for longer term we can be surely bullish in this market.
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