18.08.26 Daily Forecast

Wait 5 sec.

18.08.26 Daily ForecastEuro vs. Canadian DollarFX:EURCADJordanWillsonPairs on Watch - GBPUSD / EURUSD : Using the DXY to our advantage we can really start to paint a clear picture on both of these pairs as to what they are likely to form. We have a clear line in the sand with the base for the long, if price holds at the ray line and we get an insurance entry from the area, that could mean the DXY reacting from the V shape and selling off. If not and these two USD pairs break through that low impulsively and stack underneath, that will be a clear sign the DXY has completed the lows and is now looking to go long and reach back to the highs, at that point I will get short on these pairs. GBPCAD / EURCAD : Between both of these CAD pairs we can see on the higher timeframes that they are well into a sell run down to the next lows, and it is now about letting price build the larger structure for the next leg down. On both of these pairs we have a clear value area to work with, with nearby highs I will be waiting for a small stack of price on these potential entries to mitigate price pulling back deeper. Some great potential today for these, just staying patient for the areas to be met.