EPISODE · Mar 10, 2026 · 2 MIN
Algo's Overwatch
from The "Forex Morning Mayhem" Podcast · host Bill Skrzypczak
The current market sentiment displays a heavy USD-bullish tilt across the majors, with the exception of the AUDUSD which is showing a resilient but weak Long bias. Traders should keep a close eye on the USDCHF and USDJPY pairs, which are both flashing Strong intensity with Buy recommendations; specifically, a sustained break above the 158.000 psychological level in USDJPY could confirm the current strength, while USDCHF looks to consolidate its gains as it tests upper resistance near 0.8950. On the flip side, the GBPUSD is the standout for bears with a Strong Sell rating, as it faces intense downward pressure—look for a clean move below the 1.2640 support level to validate a deeper extension. EURUSD and NZDUSD also maintain Short biases with Strong intensity, suggesting a "sell the rip" approach near 1.1670 for the Euro and 0.6050 for the Kiwi. Interestingly, while USDCAD is labeled a Strong Sell, its Weak intensity suggests this move may be losing steam or entering a choppy distribution phase; watch for a failure to hold above the 1.3620 handle as a trigger for short-side entries.
What this episode covers
The current market sentiment displays a heavy USD-bullish tilt across the majors, with the exception of the AUDUSD which is showing a resilient but weak Long bias. Traders should keep a close eye on the USDCHF and USDJPY pairs, which are both flashing Strong intensity with Buy recommendations; specifically, a sustained break above the 158.000 psychological level in USDJPY could confirm the current strength, while USDCHF looks to consolidate its gains as it tests upper resistance near 0.8950. On the flip side, the GBPUSD is the standout for bears with a Strong Sell rating, as it faces intense downward pressure—look for a clean move below the 1.2640 support level to validate a deeper extension. EURUSD and NZDUSD also maintain Short biases with Strong intensity, suggesting a "sell the rip" approach near 1.1670 for the Euro and 0.6050 for the Kiwi. Interestingly, while USDCAD is labeled a Strong Sell, its Weak intensity suggests this move may be losing steam or entering a choppy distribution phase; watch for a failure to hold above the 1.3620 handle as a trigger for short-side entries.
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Algo's Overwatch
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