Quantcast
Channel: FXStreet: Reports
Viewing all articles
Browse latest Browse all 127

AUDJPY Bearish divergence could bring risk-off sentiment to the fore

$
0
0
Commodities and Equities prices have rebounded from their interim lows of Early February 2016, and it has resulted with strong gains across these markets. Clearly this has been a risk-on scenario, causing AJ to be bullish during this period as well. Equities are reaching key resistance levels and are showing signs of market fatigue by the End of this Quarter and Month. This shows that risk-off sentiment may come back to the fore, meaning it could be a nice setup for a short position on AJ.
Read More

Viewing all articles
Browse latest Browse all 127

Trending Articles