Good day traders,
Another Tuesday brings it’s puzzles along with it.
Without wasting much time, let’s unravel what the charts have for us.
1. GBP/USD
Zooming out of the daily GBP/USD chart, it can be seen that support level 1.27813 is weak. If the candlestick closes this way by 10pm GMT, we should see the beers take over,
2. AUD/USD
Judging from the weekly chart, there was a strong bearish break from last week’s candlestick close. Now viewing AUD/USD from the 4 hours chart, the second consolidation seem to be weak.
The close of the 10 pm(GMT) would clearly reveal to us if the bears would take over.
3. CAD/JPY
A bearish pin-bar formed at level 84.591 on the 4 hours chart of CAD/JPY further confirms a bearish run which may soon commence. The bears may take the market all the way to level 83.649.
These are our views on the market for Tuesday.
Do have a beautiful day ahead
