Currency

Whilst the dollar’s bounce could extend further, bears are likely to seek opportunities to fade into the current rally. Needs less to say, the USD had a terrible December in line with its seasonal tendency. Yet prices are undergoing a much-needed correction after such a volatile move. The question now becomes as to whether it […]

Just before Christmas we highlighted two potential patterns developing on AUD/USD. It didn’t take too long to confirm which one had the upper hand. Come boxing day AUD/USD closed to its highest level since July. And it didn’t stop there, rallying another 90 pips to take the Aussie back above 70c. Whilst the weaker USD […]

Assuming we don’t see a repeat of January 2019’s yen flash-crash, we’re looking for these pairs to extend their bullish trends. It was one year tomorrow that JPY pairs exhibited extreme volatility in a low liquidity environment. Given that Japanese exchanges will remain closed until Monday, liquidity is expected to remain low for the remainder […]

EURUSD Price Analysis – December 30 The EURUSD pair spiked to the highest level since mid-August at the price level of 1.1211 and entered the consolidation phase. At the time of writing, the pair was ranging near the price level of 1.1200, adding 0.2% per day. Key Levels Resistance Levels: 1.1515, 1.1450, 1.1280 Support Levels: […]

Key Resistance Levels: $0.09, $0.10, $0.11 Key Support Levels: $0.06, $0.05,$0.04 XLM/USD Long-term Trend: Ranging Stellar has been relatively slow in price movement. On December 17, the coin fell to a low of $0.042. In defense of the current low, the price pulled back to a high of $0.046. The price movement has been insignificant as […]

USDCHF Price Analysis – December 24 The USDCHF pair recorded a small daily gain on Monday and entered the consolidation phase on Tuesday, as the markets seem to be already in a festive mood. At the time of writing, the pair remained unchanged at 0.9817 level. Key Levels Resistance Levels: 1.0231, 1.0027, 0.9876 Support Levels: […]

With USD/CHF on the cusp of a bearish engulfing month, we take a look at the pattern’s forward returns alongside the Swiss franc’s seasonality.   Unless USD/CHF can close above 0.9864 by the end of the year, its on track to close December with a bearish engulfing candle. It’s by no means a not a […]

EUR/NZD Ponders Range Breakout In the 6th December, EUR/NZD tested the March trendline and began to rebound. Given the general lack of pullbacks since the decline from 1.7700, it was plausible to expect a larger rebound than the one that occurred. Yet 9 sessions later, its probing the said trendline once more and could be building […]

GBPJPY Price Analysis – December 18 Since the trading session on Tuesday, the currency pair has fallen by almost 303 basis points against the Japanese yen. As for the near future, the GBPJPY exchange rate may recover on a cluster formed by the daily trend line at 143.07. If the cluster holds, a reversal is […]

NZD/JPY Hovers Above Key Support Ahead Of GDP NZD/JPY is retracing from its highs towards a key level of support ahead of GDP data later today (tomorrow morning in Asia). Like AUD/JPY, NZD/JPY can also be a great barometer of risk for FX traders. Yet with a divergent theme underway between the Australian and New Zealand […]