Article 50 for Brexit is coming 29 March 2017. Quick look at 3 GBP pairs, GBPJPY, GBPAUD and GBPSGD based on relative strength offers contrast for traders who plan to trade GBP outcome.
I look at concept of relative strength between currencies over a duration and how traders can overlay forex pairs to pick the winning trade. This is an example that supplements what I have written about this topic 4 weeks ago.
Traders might not get redress for forex slippage encountered this morning because of GBP’s flash crash but should investigate rigorously if they continue even after the dust has settled. Why?
A look short term trends, YTD performance of USD against currency majors. Includes which currency pairs to look at should status quo continue.
Following CPI driven AUD losses today (biggest loser among majors), we look at charts of AUDJPY, AUDUSD, and GBPAUD for trend, price action.
GBP crosses gapped down with Sterling Pound weakness because Scottish independence supporters are leading. We give traders a quick overview.
I was bearish on GBPAUD after the H4 box expansion, thus tweeted this #Tflow #forex wk32/1 $gbpaud below 18050 has s 17950. Bearish expansion h boxes. 1234 seen h4 — TerraSeeds FX Tflow® (@terraseeds) August 5, 2014 The trade was in my favour initially,