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GBP/USD Channel

chigozie Posted 17 Feb.  in #Trader's blog

Looking at the chart above, you will notice that price tried to breakout the downward descending channel but after three successive failed trial, I believe it is targeting the lower channel. I cannot rule out a possible break out of the descending channel which will invalidate the trade.
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GBP/CAD Channel Formation

chigozie Posted 14 Feb.  in #Trader's blog
I believe GBP/CAD will touch the downward trendline after breaking the support point at 1.62900 but I cannot rule out the possible break of my descending trendline at 1.6370
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USD MELT DOWN POST FOMC

chigozie Posted 19 Mar.  in #Trader's blog
I still regard any EUR/USD upside above 1.0750 as unsustainable, in particular as there is limited room of further adjusting monetary policy expectations. I expect EUR/USD to target new yearly lows in the coming few weeks.
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