The table picture attached shows what the Trend is for 10 currencies using several great indicators .
It can be seen the trend is down for everything the USD is a quote currency (EURUSD,GBPUSD,AUDUSD,NZDUSD) while it is up on most where the USD is the base currency (USDCHF, USDCAD).
Hence good trading opportunities following the USD .
More specific selling the AUDUSD/NZDUSD under 4 hours
Why Sell
A clear falling trendline holding
An upward correction has occurred and appears to be finished, shown by the two consecutive down candles
Extreme indicators are pointing overbought.
Read more about today's analysis here
It can be seen the trend is down for everything the USD is a quote currency (EURUSD,GBPUSD,AUDUSD,NZDUSD) while it is up on most where the USD is the base currency (USDCHF, USDCAD).
Hence good trading opportunities following the USD .
More specific selling the AUDUSD/NZDUSD under 4 hours
Why Sell
A clear falling trendline holding
An upward correction has occurred and appears to be finished, shown by the two consecutive down candles
Extreme indicators are pointing overbought.
Read more about today's analysis here
