Aug 192020
As a guide, this would be the current (and perhaps for the rest of year) technical and fundamental bias:
STRONGEST (buy only): AUD, EUR, GBP
NEUTRAL to STRONG: CAD, CHF
WEAKEST (sell only): NZD, USD, JPY
Based on this ranking, any sell-off on pairs like: AUDJPY, EURJPY, GBPJPY, AUDUSD, EURUSD, GBPUSD would constitute a buy.
Pairs like: GBPAUD, EURGBP, EURAUD would be more tradable buying at support and selling at resistance – range trading.
NZDCAD, NZDCHF would be more ideal to short.
Trader H
TraderH is a foreign currencies trader and a former Certified Securities Representative in the Philippine equities market. All posts herein are personal views and are not endorsed by any organization whatsoever. It is important that you practice due diligence in your trade plans. This website and its authors will not be held responsible nor liable to any of the reader's losses.