JP225 (Nikkei) has come back down to retest the uptrend line and now it could jump higher. Still, we need confirmation before considering going long on this one. A downside breakout could invalidate the bullish scenario. The selling pressure is still high in the short term. I believe that only a …
USD/MXN Upside Reversal Needs Confirmation!
USD/MXN drops at the time of writing as the USDX plunges after ending its temporary rebound. The Dollar Index maintains a bearish outlook, so a further drop weakens the greenback. Still, a neutral FED tonight could attract the USD buyers into the game. The US has reported good economic data …
GBP/SGD Falling Wedge Breakout!
GBP/SGD is trapped within a reversal pattern in the short term. The corrective phase could end if the pair escapes from the chart pattern. GBP is strongly bullish in the short term and it could take full control. The pair was into a corrective phase, but it has failed to confirm a broader …
