A1 Trading Company

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November 19, 2022

4 Pairs to Be Wary Of

Michael J. Donoghue
4 Pairs to Be Wary Of

As many of you already know, the EdgeFinder, A1 Trading’s market scanner software, can be incredibly helpful for discerning which securities are especially worth watching for potential trade setups. Whether you are planning on buying or selling a currency pair, commodity, bond, or more, EdgeFinder analysis is so robust that its ratings and biases can be a go-to supplement for traders. However, one feature of the EdgeFinder’s that is little mentioned, yet quite meaningful, is its generation of ‘0’ ratings and ‘Neutral’ biases. Most days, there are a small handful of pairs or securities that earn these reviews; rather than being irrelevant, these ratings can be quite convenient to keep in mind, as they can alert traders to risks in terms of lack of signals. With that in mind, here are 4 pairs to be wary of next week, as they currently earn such ‘0’ ratings, indicating that an extra measure of caution could be helpful.

1) GBP/CAD - Earns a ‘0’ Rating, or a ‘Neutral’ Signal

4 Pairs to Be Wary Of
Most institutional traders are shorting both GBP and CAD while Canada wrestles with low inflation and the UK contends with potential stagflation.

2) USD/CHF - Earns a ‘0’ Rating, or a ‘Neutral’ Signal

4 Pairs to Be Wary Of
Though most institutional traders currently favor USD over CHF, US Dollar bullish momentum remains in limbo while CHF retains safe haven status.

3) XAU/USD (Gold) - Earns a ‘0’ Rating, or a ‘Neutral’ Signal

4 Pairs to Be Wary Of
Gold warrants a similar commentary to that given for USD/CHF above. Uncertainty about the Fed's next moves makes this battle between safe havens complicated.

4) GBP/USD - Earns a ‘0’ Rating, or a ‘Neutral’ Signal

4 Pairs to Be Wary Of
Though this pair earned a 'Strong Sell' signal not too long ago (and well could again), GBP's historic rally amid the UK's return to fiscal responsibility currently offsets USD's myriad advantages over GBP.

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