30th March 2018 Market Outlook

Aussie Kiwi – AUD/NZD rejected its 1.0660 resistance level yesterday which could potentially lead price lower in the coming days. Since the overall trend is still bearish, traders may consider continue holding onto the short position with a trailing stop behind as price is likely going to continue to decline lower in the coming days.

AUDNZDrDaily

 

Pound Yen – GBP/JPY rejected its 151.00–150.50 resistance area once again which could potentially lead price lower in the coming days. Traders may consider shorting this market and have the stop loss place above the resistance area to limit the losses in case price moves against us. There’s no immediate support level below which offer traders huge profit margin to trade the short side of the market.

GBPJPYrDaily

 

Pound Aussie – GBP/AUD is showing some weakness over the last two trading days. If price pullback into its 1.7910–1.7850 support area, traders may then consider buying into this market as the overall trend is still bullish. Ideally we would prefer to see some price rejections or any other form of confirmations before buying into this market for a safer entry.

GBPAUDrDaily