Wednesday August 19th, US Close:
Tomorrow major Calendar:
GBP 4:00 am MPC Meeting MinutesCAD 8:30 am Retail Sales
Possible large movers:
GBP/JPY, GBP/USD, GBP/CAD, EUR/CAD, USD/CAD, CAD/JPY, GBP/AUD, GBP/CHF
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Picks for today:
GBP/USD:
GBP/USD trend reversed direction to BULLISH with moves above both the EU and the Asian session highs today, and moving above 1.8670s. The pair will hold its STRONG BULLISH trend unless falling below US lows of 1.8570s.
GBP/JPY:
After moving lower during Asian and EU sessions, pair boosted higher during US session. This pair has potential to jump higher following MPC announcement today. Watch for 205.30s for bullish trend.
EUR/CAD:
Following EURs surge during US session, EUR/CAD reversed to weak Bullish trend. In order for bullish trend to turn to strong, > 1.5720s bids need to be in. On the reverse side, CAD could see a boost with help of retail sales announcement today. Watch for US session lows around 1.5590s for strong BEARISH trend.
PAIR ____ TREND __ STRENGTH __ CONTINGENCY POSITION
GBP/USD--- BULLISH----- Strong--------- Strong Bearish < 1.8570s
GBP/JPY----- BEARISH---- Strong--------- Strong Bullish > 205.30s
EUR/CAD---- BULLISH----- Weak---------- Strong Bullish > 1.5720s
Tomorrow major Calendar:
GBP 4:00 am MPC Meeting MinutesCAD 8:30 am Retail Sales
Possible large movers:
GBP/JPY, GBP/USD, GBP/CAD, EUR/CAD, USD/CAD, CAD/JPY, GBP/AUD, GBP/CHF
_________________________________________________________
Picks for today:
GBP/USD:
GBP/USD trend reversed direction to BULLISH with moves above both the EU and the Asian session highs today, and moving above 1.8670s. The pair will hold its STRONG BULLISH trend unless falling below US lows of 1.8570s.
GBP/JPY:
After moving lower during Asian and EU sessions, pair boosted higher during US session. This pair has potential to jump higher following MPC announcement today. Watch for 205.30s for bullish trend.
EUR/CAD:
Following EURs surge during US session, EUR/CAD reversed to weak Bullish trend. In order for bullish trend to turn to strong, > 1.5720s bids need to be in. On the reverse side, CAD could see a boost with help of retail sales announcement today. Watch for US session lows around 1.5590s for strong BEARISH trend.
PAIR ____ TREND __ STRENGTH __ CONTINGENCY POSITION
GBP/USD--- BULLISH----- Strong--------- Strong Bearish < 1.8570s
GBP/JPY----- BEARISH---- Strong--------- Strong Bullish > 205.30s
EUR/CAD---- BULLISH----- Weak---------- Strong Bullish > 1.5720s
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