GBP & AUD - Market Barometer Update

OANDA:EURUSD   Euro / US-Dollar
24 0
Hi guys, this morning has been interesting with the BOE and Brexit papers. Keep in mind that this data is purely technical. Sometimes (like today perhaps) the market completely ignores technical data and the fundamentals run the show for a bit. That said;

The GBP is extremely over sold. I could and might go lower, but should bounce sooner or later to correct a bit. The Brexit papers were kind of soft. This may add more weakness to the GBP before a correction.

The AUD on the other hand should follow technical input and it is extremely over bought. The AUD is also on the 3rd wave up (notice how each wave gets lower). The AUD is due for a longer/larger correction and it should come soon.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden