We are heavily bearish of the GBP and have written several articles recently on it and the GBP has fallen back a little but we now expect it to fall back a lot...
Read more: GBP/USD Forecast Analysis Falls Back from Resistance – Down Move to Accelerate?
We are bullish of the CAD in the crosses and we covered GBP/CAD in an article yesterday and in this article we will look at EUR/CAD which offers an extremely good risk to reward.
Read more: EUR/CAD Analysis and Forecast – Looking for a Trend Reversal
In terms of AUD strength and weakness a commodity to look at is Iron ore which is Australia's biggest export – AUD/USD is trending lower and while it's oversold in the short-term bounces looks like selling opportunities – the Outlook for Iron ore and AUD/USD below...
Read more: AUD/USD Iron Ore Price Drop and China to Weigh on the Aussie
The best-performing major overall in 2024 is the GBP having seen significant upside on the USD and of course in many crosses but speculators are heavily long we have a bullish extreme and expect a trend reversal to the downside.
Read more: GBP Analysis and Forecast 3 X Low Risk High Profit Setups
In our last article we were looking for a turndown in GBP/CHF from resistance and we have seen some weakness and expect more to come.
The USD recently had a correction on the SEK but that now looks to have ended and we are looking for a far stronger USD interest rate differentials going forward are in favor of the USD and likely to widen which is USD supportive.
After a sharp sell-off to the downside the DXY is now moving to the upside and we expect far more strength ahead...
Read more: DXY Analysis and Forecast – US Dollar Index Going Up
We did an article last week in terms of selling GBP/CAD but it hasnt corrected and has continued to the upside but the odds of a break lower are high now in our view, logic of the trade below...
Read more: GBP/CAD Analysis Outlook - Overbought Extreme and Going Down
The GBP has been in a big uptrend and we now think the uptrend is exhausted and we will see a significant correction to the downside. The logic of the trade and the key levels of support and resistance to look out for are outlined below...
Read more: GBP/USD Uptrend Exhausted and Bullish News Discounted
We tend to like trading minor exotic pairs due to their high volatility and one of our favorites is USD/PLN which we looked at back on the 11/06 looking for a trend reversal to the upside and price action to us looks bullish.
Read more: USD PLN Analysis USD Trend Reversal to the Upside Being Confirmed?
In terms of our favorite major pair at present it's GBP/USD which we view as at an overbought extreme. We expect a turndown and the logic of our view as well as a round-up of the fundamentals, sentiment, and technical levels are outlined below.
