Today the main event of the day will be CPI from US but the rate decision from the BoE also got some attention.
USDCAD ahead of the CPI is forming a bearish flag. This pair likes and uses trend continuation pattern so we should see a further drop, obviously if the CPI will allow us to do so.
EURGBP was pointing south even without the help of the BoE. We had a failed wedge false breakout, then a drop and a rectangle. The rectangle on the local support promoted the downswing and that what happened. Next support is on the 38,2% Fibonacci.
CADJPY is a good trading opportunity for the long-term traders. They can use here a massive inverse head and shoulder pattern and a positive swap points.
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Three good trading setups after the BoE & ahead of CPI
Published 09/14/2017, 07:18 AM
Three good trading setups after the BoE & ahead of CPI
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
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