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Blog

2015-02-05
Forex Analysis

Daily currency trends

AUDJPY, trend intact and it seems the bulls on AUD is running low on steam
AUDUSD, trend intact
CADJPY, trend intact with a bit of a power struggle
EURGBP, trend back in place with lots of volatility on 4h chart
GBPAUD, trend intact
GBPCAD, trend intact
USDCAD, trend recovering

Possible signals for today or tomorrow

GBPAUD, if the resistance is broken we will see a trade
GBPCAD, if GBP holds its guns and if CAD continues to fall
USDCAD, if CAD continues weakness

Trends still under pressure but we see potential. Only time will tell.

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