Forex Analysis Video

  USD/CAD rose on Monday, but fell a bit during the late hours of the session. The pair is still in a bearish run, and looks set to go lower before it is all said and done. The breaking of the lows on Monday could possibly be the next selling signal in this market. We also like selling the rallies that appear in USD/CAD.

  The NZD/USD pair fell on Monday, but bounced towards the end of the day again as it appears the uptrend simply is too strong to cause any significant drop in price for more than a few hours. The pair is a bull pair, and buying is the only thing to do. We like buying this pair on dips, and will not sell it.

  The GBP/USD pair fell on Monday as traders shed risk and rushed for safe haven assets like the USD. The pair bounced off of the 1.60 level, but appears that it will attempt to finish near it – hardly a sign of confidence in the Pound. The pair needs to close below 1.59 in order for us to sell for the long-term.

  The GBP/JPY fell again on Monday, showing the inherent flight from risk that the market is currently showing. The pair is normally a great barometer for global risk, and will quite often fall when all other markets are doing the same. Therefore, this move could hardly be considered a surprise. The trend is down, and we like selling rallies because of that.

  The GBP/CHF pair continues its downward trajectory, even though the candle for Monday is going to be green at the end of the day. The opening saw a gap down and it should also be noted that the market fell towards the end of the session as well. The trend is simply too strong for GBP bulls to overcome, and as such – you should be selling rallies.

  EUR/USD had another bearish day on Monday, as the world sold off the Euro. However, as the Americans do on almost every day, they bought up the Euro, and seem to be the only ones supporting it at the moment. In the meantime, we seem to be in a sell the Euro during Asian and Europe situation, while the Americans are reckless enough to buy it. The 1.40 area is vital, and a new low would be a very, very bad sign.

  The EUR/JPY fell hard on Monday at the start of the Asian session, but bounced as other markets came into play. This was an odd move considering most indices sold off on Monday, which normally means a down EUR/JPY pair. This could reflect the leeriness of selling the Yen rather than any need to own Euros by traders. We still want to sell this pair, perhaps at the 113.50 area if we get weakness at that point.

  EUR/GBP rose again on Monday, showing just how attracted it is to the 0.88 level. We mentioned on Friday how this pair could rise in value, but there was simply too much sloppiness involved in the market, and we wanted to avoid it. The bounce has made it to 0.88, and looks very supportive. However, we don’t like all of the headline risks that are coming out of Europe at the moment, and as such – think the volatility swings in a pair like this could be brutal.

  The EUR/CHF pair rose on Monday after gapping lower at the open. The pair broke back above the 1.15 area towards the later hours of the session, and looks like it wants to bounce from these levels. The market is massively bearish, so buying is very reckless indeed. The best trade is to sell rallies, as it has worked for years.

  AUD/USD fell on Monday as the markets around the world fell and risk was shunned. The latter hours of the day saw buyers coming into the pair to support it, just as they have for quite some time now. The market is certainly an up trending one, and we like buying these kinds of dips as long as we are above 1.02 or so.