FXOptimax Market Analysis

9th March 2018 Market Outlook


Euro Aussie – EUR/AUD is making its way back into its 1.5740–1.5720 support area, since the overall trend is still bullish, traders may consider buying into this market if price indeed pullback into it. Ideally we would prefer to see some price rejections or any other form of confirmations before buying into this market for a safer entry.

EURAUDrH4

 

Japanese Yen – USD/JPY is showing strength over the last few trading days. Since the trend is still bearish, traders may consider shorting this market again if price pullback into its 108.20–107.50 resistance area. There’s no immediate support level below which offer traders massive profit margin to trade the short side of the market.

USDJPYrDaily

 

Pound Loonie – GBP/CAD had a strong decline yesterday. Since the overall trend is still bullish, traders may consider buying into this market if price pullback into its 1.7630–1.7550 support area. Ideally we would prefer to see some price rejections or any other form of confirmation before buying into it to avoid false signals.

GBPCADrDaily

Posted on 2018-03-09 06:30:14

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