Forex Portfolio Overview - Breakout or fakeout?


Forex Portfolio Overview - Breakout or fakeout ?

We currently hold 7 open positions. The AUD/CAD is pressing strong on it’s local resistance level at 0.9026, and is about to breakout. After a few failed attempts, this might just be it’s defining moment.

We can also mention the GBP/AUD and GBP/NZD that we strongly suspect have reached the end of their upside correction. We are prepared for a full fledged downside move.

In that same currency group (Euro - block-commodity crosses) we should also mention our top favourite trade at the moment, short position on the EUR/AUD. Even though we already grabbed about 200 pips, we feel that there is still a lot of downside potential in the pipeline.


Interesting forecasts…Let’s see how things pan out