AUDUSD setting up more positive as EURUSD looks negative

Intermediate

Minor negative on Euro (EURUSD)
Positives build on Aussie (AUDUSD), awaits breakout confirmation
Pound(GBPUSD) downtrend ends

Editor

Winner of the Technical Analysis Book of the Year 2014, Mapping Your Voyage of Discovery, Shaun Downey is a veteran of the markets and a globally recognized name in the world of Technical Analysis....continued

Comment on this video

Your email address will not be published. Required fields are marked *


Latest Related News

Euro recovery theme intact, despite dip

A Euro dip versus the US Dollar to start the week, after EURUSD surged back higher last week.EURUSD has recouped much of the loss sustained through mid-March, during the panic buying of US Dollars.Despite this week’s early dip, we see this as corrective for now and see an upside theme resuming today, aiming EURUSD back higher. EURUSD day trade outlook: Looking for a rebound after… Continued

Corrective moves for stocks and the US Dollar

Macroeconomic/ geopolitical developments The COVID-19 coronavirus continues to spread globally, with the current epicentre still in Europe, but quickly shifting to the US. The British Prime Minister, Boris Johnson and Heath Secretary Matt Hancock have both tested positive for coronavirus (though symptoms are understood to be mild).The surge in cases in New York and the tri-state area of New York, New Jersey and Connecticut has… Continued

Dollar reverses, breaks key support (DXY)

Euro breaks up (EURUSD)Pound hits major resistance (GBPUSD)Dollar-Yen refuses to rise with equities (USDJPY) Continued

EURUSD recovery with negative US Dollar correction

The surging US Dollar strength through mid-March has continued to reverse this week and over the past 24 hours.This has reflected an easing of global funding and credit concerns, as global central banks, particularly the Federal Reserve in the US, have acted to provide global liquidity for US Dollars.The corrective weakening of the US Dollar has been seen across most major currencies (except against the… Continued

GBPUSD bounce as US Dollar strength recedes

The aggressive US Dollar strength of the past 1-2 weeks has begun to recede this week.This has been as equity averages have stabilised globally and begun to rebound, alongside commodity prices, whilst credit concerns have been eased by global central bank actions.This has seen a more negative, correction, a weakening of the US Dollar across most major currencies (barring the Japanese Yen).Here we focus on… Continued

Forex Brokers in your location