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AUDUSD – bearish

AUDUSD is at this time at a potentially critical point. The charts will need much further study. This is not a recommendation to take a position. DISCLAIMER: The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of investment. You are responsible for your own due diligence. To summarise, we do not provide investment advice, nor do we makeRead More

Comparing instruments

We normally trade currency pairs such as GBPEUR, NZDUSD, USDJPY and EURUSD (among others). How do you tell which one of the pair is doing what? It’s not easy to determine because the currency pairs form a ratio. In NZDUSD, you can’t really tell if the USD is weakening or strengthening because the movement of price also depends on NZD. The following is not perfect – it’s what I do. I would compare NZDUSD toRead More