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GBPUSD What initially looked like the start of a potential rally before Cable’s strongest month ended up as a breakdown in structure, dropping eight places in the currency strength matrix, and a confirmed lower high on the daily. Where we go from here is now uncertain with another parliamentary vote taking place on April Fool’s...
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AUD and NZD are just ranging and being bought up every time the pairs are sold mainly due to a lack of money in the market which can be seen from the COT data. GBP is an interesting one where the price has remained quite bullish. Looking at where cable and the GBP crosses are...
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USDCAD Price reached just above the Daily 200 SMA, bounced, fell again and then closed below the 200 SMA on Friday. I would wait to see the reaction if price reaches the Weekly TL and Feb 2019 swing low. We have now moved on from a potential inverted H&S to a double bottom scenario. Friday’s...
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