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
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