Trade of the Day: GBP/AUD
By: Dima Chernovolov GBP/AUD continues to fall inside the clear 4-hour Down Channel chart pattern which was previously identified by Autochartist.
Markets
DELKOS BREAKING NEWS: 85.71% probability that USDJPY will trend down for the next few hours.
The latest GB Inflation Rate YoY number has been released as 2.1%.
DELKOS BREAKING NEWS: 80% probability that GBPUSD will trend down for the next few hours.
The latest GB PPI Input YoY number has been released as 3.8.
DELKOS 71.42% probability that USDCAD will trend up on Wednesday 22 May at 08:30 AM GMT if the GB Inflation Rate YoY number is less than 2%.
This Wednesday 22 May at 08:30 AM GMT the latest GB Inflation Rate YoY number will be released.
DELKOS 80% probability that GBPUSD will trend down on Wednesday 22 May at 08:30 AM GMT if the GB PPI Input YoY number is less than 3.9%.
This Wednesday 22 May at 08:30 AM GMT the latest GB PPI Input YoY number will be released.
Wednesday 22nd May: Dollar exploring ground above 98.00 ahead of today’s FOMC.
EUR/USD:
For folks who read Tuesday’s briefing you may recall the piece highlighted a merging channel resistance (taken from the high 1.1263) and local trend line support-turned resistance (1.1166) on the H4 timeframe as a potential area for selling opportunities (green).
DELKOS BREAKING NEWS: 83.33% probability that AUDUSD will trend up for the next few hours.
The latest JP Balance of Trade number has been released as ¥60.4B.
DELKOS 83.33% probability that AUDUSD will trend up on Tuesday 21 May at 11:50 PM GMT if the JP Balance of Trade number is greater than ¥272B.
This Tuesday 21 May at 11:50 PM GMT the latest JP Balance of Trade number will be released.
DELKOS BREAKING NEWS: 88.88% probability that USDCHF will trend up for the next few hours.
The latest US Existing Home Sales number has been released as 5.19M.
Trade of the Day: NZD/CAD
By: Dima Chernovolov
NZD/CAD continues to fall inside the well-formed Down Channel chart pattern which was previously identified by Autochartist on the 15-minute charts.