Dollar bulls took control of the Forex market during New York on Monday. We identified Cable as a potential short option during our recent analysis posts and live webinars. Price currently sits at a key and psychological spot 1.33 level. We have seen the strong rejection of our trendline, and it’ll be interesting to see how long this dollar strength will last. Stay connected to our community and YouTube for more forecasting and analysis on the pair.
James Allen / About Author
Related Posts
NZD/USD tags top of ascending channel
We’ve been following this pair for a long while and been sharing our thoughts with you on the telegram about…
EUR/GBP double bottom sees Euro bulls poised to enter the market
EUR/GBP has formed a double bottom around the 0.8890 spot level on the daily chart. Price has broken back into…
NZD/USD breaks out of ascending channel
Last week price broke out of our ascending channel on the back of strong economic data points and a positive…
Quick Forex Facts
Here are 3 quick forex facts for you as we start a new trading week in the markets: The Forex…
Top-Down Analysis – What is it and why should you do it?
Top-down analysis involves zooming out and looking at the ‘bigger picture’ when trading. We advise all our traders and members…
5 Repeatable Routines to Improve your Trading Results
Creating a personal daily routine for tackling the volatile Foreign Exchange markets could be the first step you need for…
Always Identify Support and Resistance Zones
Top tip. Whatever timeframe you’re working on ensure you mark key levels of support and resistance. Simply look for levels…
USD FUNDAMENTAL ANALYSIS AND EUR OUTLOOK FOR Q2!
Hello guys. In this is the FX Axe forex outlook we will cover some fundamental analysis, highlights and macroeconomics. In…
12 Apr 2021
4 Ways to Improve your Trading Confidence
Forex trading is one of the toughest careers in the world because of the uncertainty in the markets, difficulties in…
Brexit Talks Continue
The Brexit shenanigans continue as announcements are pushed back another week. Ongoing discussions are happening over online meetings. Brexit has…
Stick to Trading Plan
A critical component to your success will be sticking to your trading plan. Here at FX we can assist and…