A good technical level for a Long position in the Dollar/Franc
Good technical level for a Pound/Yen Short, be aware that this is a high risk entry.
Good technical level for a Long position on the Euro/Australian Dollar. Solid breakout of bearish trend after price found some bullish ground on the higher time frame Monthly and Weekly levels
Potential Long on AUDNZD, direction bias is still to the upside, quality pullback area.
Risk rally overdone, USD set to gain strength. Good technical level for a long position
Gold is due at least a small correction to the downside, Left shoulder, BSZ.
There is no particular reason for positive risk sentiment in this current environment, and of course, the more expensive equities become, the more overvalued they are. We dont need to begin talking about p/e ratios to understand this. The technicals are highly in support of a short risk outlook, markets can remain irrational longer than you can remain solvent,...
An extended downmove is likely to be broken at this high quality demand level. The pound, subject to recent shocks exacerbated by the Bank of Englands support for negative interest rates, can only continue its downmove until the market considers GBP undervalued. While it is true that the RBA are more comfortable in terms of monetary policy than the BoE, relations...