Over the past several weeks, the struggling US dollar had one of its biggest tumbles against the Swiss Franc, whose status as a safe currency solidified the constant demand for it during these volatile times. The USDCHF fell by more than six per cent since the beginning of June alone, which manifests the robust selling pressure that continues to drive the pair lower. [...]
Read full analysisThe AUDCAD has had a tremendous bullish run over the last quarter, as the pair rose by more than 10 per cent since April. This was mostly owing to the robust global recovery of most of the hardest-hit assets, which were left reeling in the wake of the first coronavirus crash in early-March. [...]
Read full analysisThe pair recently established a significant spike up, which signals a monumental change in the underlying sentiment. After concluding a significant bearish trend, which was initiated in the wake of the initial market crash in late-March, the price action looks ready to revert its course, and start climbing back up. [...]
Read full analysisExpect mass-market psychology to become the determining factor during today's trading session with regards to the direction of EURUSD's price action. The pair has developed a massive bullish run over the past several weeks, which was prompted mainly by the monumental deal for financial support for struggling European economies, that was recently struck by EU ministers in Brussels. [...]
Read full analysisThe CADJPY pair has been threading within the boundaries of an ascending channel (Flag) since the middle of June, as it's about to be shown below, following a sizable downswing from a major resistance level. This muted price action manifested a temporary consolidation as the market was transitioning from having a definite bullish sentiment into adopting more bearish characteristics. [...]
Read full analysisThe GBPCHF pair has been trading in a relatively narrow range for the past several weeks due to lower trading activity during the summer months. However, the pair also appears to be building momentum as it is currently in the early stages of creating a new directional swing. Heightened volatility can be anticipated to affect GBPCHF's price action in the near term due to two crucial developments. [...]
Read full analysisThe AUDNZD recently attempted to develop a new bearish trend, but a resurgence of bullish pressure temporarily impeded this process. The strengthening of the Australian dollar was prompted by robust industrial data in China, which remains Australia's most important trade partner, coupled with the welcoming news concerning Moderna's progress in developing a vaccine against COVID-19. [...]
Read full analysisThe USDCAD pair has been trading within the boundaries of a narrowly defined range since the 12th of June. The muted price action is the result of many contributing factors. Chiefly, the reopening of the US economy has led to an increase in the number of COVID-19 cases, which, in turn, has reinvigorated investors' fears over the possibility of new rounds of government restrictions. [...]
Read full analysisThe EURJPY pair has been advancing for over a month now on the continuously evolving fundamental factors. The most recent hike was initiated in late-June when Germany and France - the largest and second-largest economies in the Eurozone respectively - delivered better-than-expected industrial numbers for June. Notable gains in the services and manufacturing sectors of the two countries' industries were [...]
Read full analysisThe GBPCAD's price action is currently undergoing through a transitionary stage – the existing range-trading environment is about to become trending. This process is not going to be finished overnight; however, being aware of the long-term trends would allow traders to exploit all present and future trading opportunities. As it is about to be seen below, the GBPCAD is currently in the early stages of [...]
Read full analysisOver the past several weeks, the struggling US dollar had one of its biggest tumbles against the Swiss Franc, whose status as a safe currency solidified the constant demand for it during these volatile times. The USDCHF fell by more than six per cent since the beginning of June alone, which manifests the robust selling pressure that continues to drive the pair lower. [...]
The AUDCAD has had a tremendous bullish run over the last quarter, as the pair rose by more than 10 per cent since April. This was mostly owing to the robust global recovery of most of the hardest-hit assets, which were left reeling in the wake of the first coronavirus crash in early-March. [...]
The pair recently established a significant spike up, which signals a monumental change in the underlying sentiment. After concluding a significant bearish trend, which was initiated in the wake of the initial market crash in late-March, the price action looks ready to revert its course, and start climbing back up. [...]
Expect mass-market psychology to become the determining factor during today's trading session with regards to the direction of EURUSD's price action. The pair has developed a massive bullish run over the past several weeks, which was prompted mainly by the monumental deal for financial support for struggling European economies, that was recently struck by EU ministers in Brussels. [...]
The CADJPY pair has been threading within the boundaries of an ascending channel (Flag) since the middle of June, as it's about to be shown below, following a sizable downswing from a major resistance level. This muted price action manifested a temporary consolidation as the market was transitioning from having a definite bullish sentiment into adopting more bearish characteristics. [...]
The GBPCHF pair has been trading in a relatively narrow range for the past several weeks due to lower trading activity during the summer months. However, the pair also appears to be building momentum as it is currently in the early stages of creating a new directional swing. Heightened volatility can be anticipated to affect GBPCHF's price action in the near term due to two crucial developments. [...]
The AUDNZD recently attempted to develop a new bearish trend, but a resurgence of bullish pressure temporarily impeded this process. The strengthening of the Australian dollar was prompted by robust industrial data in China, which remains Australia's most important trade partner, coupled with the welcoming news concerning Moderna's progress in developing a vaccine against COVID-19. [...]
The USDCAD pair has been trading within the boundaries of a narrowly defined range since the 12th of June. The muted price action is the result of many contributing factors. Chiefly, the reopening of the US economy has led to an increase in the number of COVID-19 cases, which, in turn, has reinvigorated investors' fears over the possibility of new rounds of government restrictions. [...]
The EURJPY pair has been advancing for over a month now on the continuously evolving fundamental factors. The most recent hike was initiated in late-June when Germany and France - the largest and second-largest economies in the Eurozone respectively - delivered better-than-expected industrial numbers for June. Notable gains in the services and manufacturing sectors of the two countries' industries were [...]
The GBPCAD's price action is currently undergoing through a transitionary stage – the existing range-trading environment is about to become trending. This process is not going to be finished overnight; however, being aware of the long-term trends would allow traders to exploit all present and future trading opportunities. As it is about to be seen below, the GBPCAD is currently in the early stages of [...]