Daily Analysis

Lots of Indecision in the Markets Today:

 

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  • Alec

    Gbp/Nzd is almost at record low below 1.860 -Any view or comment? Thanks

  • Paul

    Well done Nathan

    An important lesson in this analysis. If you can’t ‘see’ anything obvious to trade, then don’t risk your money. Stay out, exercise your patience, preserve your capital and wait for the ‘obvious’ trade opportunities that will surely come in the future

    I have noticed that the major USD pairs are often quiet / slow / indecisive in the first few days of each month, leading up to the monthly NFP announcement

    I’m watching your EUR USD counter trend trade with interest, I certainly agree with the logic of the 1.35 00 area being an interesting level for a potential reversal to occur, but I also use price action (candle formation) as trade entry triggers, and have seen nothing to give me such a ‘counter trend’ entry signal at this point (In-fact the break and close above this key level makes me think the pair is going to use this level as support now, to move even higher!)

    I am glad to hear that you are sounding better today, best

    Paul