2 overlays, 8 charts of EURUSD, AUDUSD, NZDUSD, USDJPY, USDCNH, GBPUSD. Discussion of relative strength between major currencies, rotational play as well as their trend, major support and resistance zones.
Pairs are USDSGD, EURUSD, AUDUSD and EURAUD. Support and resistance levels drawn based on End-Of-day Close (forex pairs based on GMT+3, XAUUSD GMT+2). Charts from MT4. Transparent blue arrow and triangle indicate trend, red line shows current momentum.
Support and resistance levels drawn based on End-Of-day Close (forex pairs based on GMT+3, XAUUSD GMT+2). Pairs are USDJPY, XAUUSD, NZDUSD, EURUSD, AUDUSD, USDSGD, USDCHF and USDCNH. Charts from MT4.
What comes to mind when you look at this EURUSD-EURGBP overlay? EURGBP performed better than EURUSD over the last two years. EURGBP and EURUSD exhibited high levels of correlation in the past such as in the 90s or between 2010 – 2015.
Compilation of end-2018 forecasts for EURUSD, USDSGD, AUDUSD, USDJPY and GBPUSD from sources.