The price action of the EURUSD continues establishing a major bearish trend, which looks poised to reach new dips in the medium term. However, a bullish pullback would eventually take place, which means that both bulls and bears might have a chance to take advantage of the underlying setup in the foreseeable future. Why is there such a massive discrepancy between the bullish bias driving the rally of the [...]

Significant bearish pressure has begun to accumulate on the GBPUSD, as the pair started developing a new sizable downtrend over the last few days. The downtrend is the product of diverging outlooks on the dollar and the pound. On the one hand, the economic situation in the U.S. is looking increasingly better. Even though consumer and producer prices have topped multi-year highs last month, which has caused [...]

The price action of the EURUSD has registered an upsurge in adverse volatility over the last several days, leading to massive seesaws. This was caused by diverging economic data in the Eurozone and the U.S. And given the currently unfolding COP26 conference, overall uncertainty is likely to grow even more. The newly adopted hawkishness of the European Central Bank emboldened euro bulls who now see the [...]

The price action of the GBPUSD has been establishing a major bullish pullback over the last couple of weeks on the unusual dollar weakness that was observed over the same period. It was triggered by a mixture of various contributing factors, including the stagnating pace of global recovery and a resurgence of demand for higher-yield assets. This trend can now be challenged by shifting market sentiments. [...]

The price action of the GBPJPY pair generated a remarkable, bullish trend over the last couple of weeks, as the pound gained ground against most of the other major currencies. As has already been stated on multiple occasions, part of the reason for the nearly vertical rally is the global energy crisis, which has prompted heightened investors' demand for lower-risk securities. [...]

The greenback has been on the retreat since last week as the global economy got embroiled in a new energy crisis. It began with the petrol shortages in Britain before growing into an international geopolitical crisis. These developments stymied the rally of the dollar from beforehand, which was inspired by robust industrial numbers. Nevertheless, weaker-than-expected employment data for September contributed [..]

The GBPUSD is developing a new bearish trend, which will likely continue evolving over the next weeks and months. Selling pressure started accumulating over the last few weeks, and following the completion of a minor bullish pullback, the price action looks ready to resume heading lower. One of the most substantial reasons as to why this is the case is that, as it is about to be seen, the new downtrend [...]

The price action of the GBPBJPY is currently probing a major support level that has been prevalent over the last few months. It serves as the lower limit of a broad Distribution range, as postulated by the Wyckoff Cycle theory. Hence, if the price action manages to penetrate below it decisively, this would likely mark the beginning of a new downtrend that is likely to develop over the next several months. [...]

The strong bullish momentum of the U.S. dollar is growing stronger by the day, and the development of a new major downtrend on the price action of the EURUSD now seems very likely. The pair has shed away most of the gains it generated in the wake of the coronavirus crash in early 2020, and, as it's about to be seen below, it's currently probing the second out of three major support levels that were [...]

Bearish bias keeps rising on the price action of the GBPUSD pair, which alludes to the likely emergence of a new major downtrend. The underlying fundamentals seem to be corroborating this assertion as well. The August Consumer Price Index (CPI) numbers in the UK exceeded the preliminary forecasts whereas the recorded inflation over the same period in the U.S. fell short of the initial expectations. [...]