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.
In recent articles, we have noted several opportunities in terms of buying the CHF and we see the AUD going down on the CHF logic of the view below...
