Short Bias

Chart courtesy of AdvancedGET. Data provided by eSignal.

The trading week has started again and having a look at the Comms, it seems many have orders to open on the short bias for a few currencies.

However, they are long on the USDCAD pair but we do look overbought on it at the moment so lock in profits if you are still in the trade. You will also see we have a divergence on the above 60 minute Canadian Dollar chart.

Comms are very short the Cable so watch that pair.

I have now opened a short on the AUDUSD. 8 Weekly and Daily as well as 34 60 all have bearish crossover and overbought.

As always, please ensure yo do your own analysis.

Good luck today.