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GBPUSD – Sterling / dollar long-tailed pin bar buy signals

GBPUSD – Sterling / dollar long-tailed pin bar buy signals
The GBPUSD formed a long-tailed bullish 4 hour and daily chart pin bar buy signal today after reversing intraday losses into the New York close. Note the support down near 1.6680, this was an important level that the market has clearly and aggressively rejected today, and this is also in-line with the broader daily / weekly bullish trend. As discussed in the …
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Australian Dollar:

The Australian dollar kept up its recent form of strength on Tuesday managing to climb from the open against the US dollar reaching highs of 0.9423 early on in the Asian session. The Aussie levelled out after the small climb as investors awaited monetary policy meeting minutes out locally just before midday. Moments before the minutes the AUD dropped 17 points against the US dollar managing to stay just above US94 cents however after the announcement the Aussie continued to fall another 10 point…
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No help for the euro

No help for the euroMathematicians at the University of Michigan, the eponymous originator of a highly-regarded index of US consumer sentiment, have come up with an algorithm to reduce the effects of jet lag. In the best traditions of benevolent science they have packaged it as a free Iphone application called “Entrain”. On their arrival in a new time zone the app requires users to spend particular periods in different light conditions, including one described as “bright outdoor”. That isn’t a g…
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