Financial Markets Online > Weekly Analysis > Weekly Analysis 8th September 2019

GBPUSD

  • We saw a strong bounce after the last bit of selling and GBP moved seven places on the daily currency strength matrix.
  • Continue to look for buy setups this week after a 4HR pullback.

USDCAD

  • Loonie sellers muscled in following the BOC statement and price has closed below the yearly pivot.
  • Continue to look for sell intraday setups this week initially targeting the Monthly S2 Pivot.

 

GBPJPY

  • Look for intraday buy setups should price stay above the resistance level and blue zone.

 

AUDNZD

  • Seasonally, NZD outperforms AUD from the beginning of September and sellers came right on queue.
  • Continue to look for intraday sell setups targeting the blue zone.

Watchlist

  • Selling Dollar.
  • Selling JPY.
  • Looking to Buy Equities.
  • Sell EURNZD.
  • Buy EURCHF, GBPCHF, CADCHF and NZDCHF.
  • Sell AUDNZD.

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