EURUSD

With prices ending with little net change yesterday signals for sentiment are not strong. However negative momentum is slowing and the indications are that the improvement from the low in Asia can continue while above 1.2826.

GBPUSD

with the performance in Asia, today is the 3^rd day in a row that selling interest has stalled below 1.6000. This is supported by a fall in bearish momentum levels to warn that selling interest is weakening. Against this background todays forecast is for a bullish bias to sentiment while above 1.5984

USDJPY

In addition to the high probability of a failure this week,Increasing negative momentum combined with a bearish trend of failed intraday bounces  signals sentiment will remain bearish below 78.25.

EURJPY

A high probability of failure this week has been confirmed with losses every day. Negative sentiment is overstretched  so there is the potential for some improvement but increasing bearish momentum levels confirm that selling interest remains strong leaving the forecast bearish below 100.77

AUDUSD

Yesterday’s bullish signals for sentiment were successful and momentum  has now reached the most positive levels in 3 week's. Today looks set to record a 4^th day of buying in a row for the first time since July and despite any initial weakness sentiment should remain bullish above 1.0240

USDCAD

Despite yesterday’s improvement the pattern of trading this week remains bearish with  bounces forecast to be temporary. Against this background the forecast is for the negative bias to return today and while below .9838


Daily insight provided by ADS Securities