Today's NFP report shows how difficult it can be to interpret the employment data leading up to the result.
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Risk Sentiment: You May Not Be as Diversified as You Think
See why taking on long positions on seemingly disparate currencies pairs like AUD/CHF and NZD/JPY, as well as a short position in USD/CAD, may still leave traders overly exposed to strong moves
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Candlestick Daily: EUR/USD Forming Descending Triangle, But Will 1.30 Break Today?
CURRENCY | CURRENT BIAS | POTENTIAL STRATEGY |
EUR/USD (Short Term) | Descending triangle forming, but lack of catalyst suggests 1.30 floor may hold for another day. See full report for more details. | |
GBP/USD (Short Term) | Treading water around 1.5200 as traders wait for volatility to pick up. See full report for...
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EUR/CHF: Bearish Pattern Suggests 100-Pip Drop off 1.2400
The EUR/CHF quietly snuck higher last week, and the pair has continued to trade higher so far today. However, an unusually strong convergence of resistance levels near the completion of a bearish geometric pattern around 1.2400 suggests a top is likely to emerge soon.
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