FirePips

FirePips

Price range bound on Weekly and formed double top on Daily. If it fails to break above then we have over 200 pips downside potential.

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CAD is likely to gain strength since a war in Syria will impact OIL prices.

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AUDCAD has broken below the range and now re-testing the range boundary. Price is likely to move lower from here if the breakout is sustained. Overall trend on higher timeframe is also bearish.

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Aussie bear trend is still intact since the Bulls have failed in moving the price higher. I expect price to move lower and reach the previous low / support area.

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GBPUSD seems to be moving inside a weekly range and currently looking to move lower from upper range boundary. Taking a small 0.25% risk on this trade. Pending Short at 1.5571

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Dollar Index testing Channel high, bouncing up from double bottom. Breakout above is likely given recent fundamentals. All eyes are now on next NFP data. That will determine if FED will start tapering in September. If they do expect to see a rally in Dollar Index.