1-3 month major currency outlook update - April 8th 2019
Bearish - US Dollar clearly losing momentum. Anticipate downside around 1% against bullish major pairs.
Bullish - Canadian Dollar clearly gaining momentum and relative strength during up-trend on 1 and 6 month charts. Anticipate upside around 1.2% against bearish major pairs.
Bullish - Australian Dollar 6-month chart illustrates demand and prices gaining strength although prices are at a major selling point in the 1-month chart. Anticipate an as-of-now random breakout in the magnitude of around 1% after a period of range-bound action.
Bullish - Euro clearly gaining traction from 1-month lows which are slightly above 6-month support. Anticipate upside around 1% against bearish major pairs.
Neutral / Bearish - Great British Pound created lower highs on the 1-month chart.
Neutral - Japanese Yen creating support while trending down on both 1 and 6 month time-frames.
Neutral - Swiss Franc clearly accumulating while trending (seemingly artificially) down.
The Euro seems poised to lead the US Dollar down before the Canadian and Australian Dollars.