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WikiFX| Daily F.X. Analysis, August 24 |Arslan Ali Butt-KOL
Abstract：WikiFX| Daily F.X. Analysis, August 24 |Arslan Ali Butt-KOL
[About The Author]
Arslan Ali Butt has been working in Forex market since 2013.
He is
Forex Analysts & Trainer
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MPhil- Behavioural Finance
Research In Investors Psychology
Cognitive Heuristics & Emotional Biases in Traders Decision Making
Expertise: Trading Psychology; Speculative Positioning & Market Sentiment; Technical & Fundamental Analysis.
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WikiFX| Daily F.X. Analysis, August 28 |Arslan Ali Butt-KOL
WikiFX| Daily F.X. Analysis, August 28 |Arslan Ali Butt-KOL
EurAud – A Possible Third Retest of the Support Zone|KOL Analysis• Jasper Njuguna
The last three months has been a state of dull to especially swing traders who were riding the bearish trend as there now caught up in a range zone for the stated trading duration period. Earlier in the year, we saw a significant strong bullish move that started right about 1.61034 price handle and as per now it is still holding fort as a credible support level with four retest to the upside. It may not lost on market participants that that level still holds some very worthwhile long limit orders or buys orders from large players and position traders.
GBP/USD Remains An Attractive Buy!|KOL Analysis•Olimpiu Tuns
GBP/USD edges higher and it’s almost to hit 1.3285 yesterday’s high as the greenback is punished by USDX’s sell-off. The pair has confirmed again that the bullish bias remains intact on the Daily chart. Another higher high, a bullish closure above 1.3285 brings in new long opportunities. USD takes a hit from the US Dollar Index which failed once again to take out a dynamic resistance. USDX is traded at 92.61, right above 92.55 critical support. A valid breakdown validates a deeper drop and EUR/USD bullish run.
USD/CAD - Could A Short Term Reversal Be on the works?|KOL Analysis• Jasper Njuguna
Even though my sentiment for this pair is still bearish, as one looks at a text book perfect descending channel and where the upper trend line really being respected as strong support line having being tested four times. Nevertheless, it seems currently as we near close of monthly trading session, either sellers may be giving up ground, facing some bearish trend exhaustion or purely taking out some of the profits if at all not taking out their positions.
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