The AUDUSD is currently trading at 11-years low. For the first time since the outbreak of the credit crunch in 2008, the Aussie finds itself so deeply undervalued, as geopolitical, environmental, biological and other reasons weigh down heavily on the currency. [...] This analysis aims to examine the current economic situations in Australia and the US, and to underscore the most likely development of the AUDUSD in the foreseeable future.
Read full analysisThe EURCAD fell with more than 2 % over the last two weeks, and the general market sentiment is starting to become distinctly bearish, which poses the question of how low can the euro continue depreciating before it finds support? [...] The purpose of this analysis is to present a comparative review of the two economies and their currencies’ present standings, and therefore to demonstrate the most likely future development of the EURCAD pair.
Read full analysis[...] The pair currently appears to be trading at the lower end of a short-term range in an otherwise trending market environment. This opens up excellent opportunities for the execution of either trend continuation trades, or, correspondingly, trend reversal trades depending on [...]. That is why the current analysis aims [...] to underpin the most likely forthcoming development in the GBPJPY’s price action.
Read full analysisThe first Friday of the month is usually a very special time for the USDCAD pair, as that is when the US and Canada both release crucial employment numbers simultaneously, which typically prompts heightened trading activity and volatile price action. The same conditions are expected to take charge of the market later today, which is why the current analysis is focused on examining the current state of the USDCAD [...]
Read full analysis[...] the 'Aussie’ has been weakening for the past several months, losing ground to all major currencies. The AUDJPY, too, has been going south for the better part of 2019, and a little headway has been made to change those circumstances. [...] The question is whether the AUDJPY’s bearish trend is ready to be terminated or these indications point to a momentary quieting down before the continuation of the long-term downtrend’s development?
Read full analysisArguably, the most important economic releases that are scheduled to take place this week are the employment survey in New Zealand and the NFP (jobs report) in the US, which is commonly revised each first Friday of every month. [...] the purpose of this analysis is to examine the current technical outlook on the currency pair’s price action in the context of the changes to the overall trading volume, which are expected to occur [...] this week.
Read full analysisThe EURUSD has recently completed the formation of a Head and Shoulders pattern on the daily chart, and the currency pair's price is currently testing the strength of a major support level. [...] The current economic climate also creates perfect conditions on the market for the establishment of significant price swings given the solid quarterly performance of the companies in the Tech industry earnings wise; the interest rate decision in the US; the Brexit deadline, which is tomorrow, and more.
Read full analysisThe Japanese Yen is one of those financial assets that typically become especially sought after at times when there is sweeping uncertainty in the market is leading to heightened fear amongst traders and investors. [...] Currently, the outbreak of the deadly coronavirus is becoming increasingly more dangerous by the day, and some popular media sources have already begun to weigh in on the [...]
Read full analysisThe EURAUD pair has been steadily consolidating within a price range with increasingly narrower boundaries, as indicated by the purple area on the chart below. The price action is currently contained within the Significant Resistance level at 1.63300 and the upwards-sloping trend line at 1.60000 in a ‘bottleneck range’, which may be due for termination. Thus, the price is overdue for a breakout away from the boundaries of the price range.
Read full analysisThe GBPUSD, also referred to as 'The Cable', is currently trading close to the psychologically important support level at 1.30000. The support has psychological importance due to the four zeroes that are gathered at this particular price level. Such levels typically mark turning points in the market and are usually found at the end of intermediate price corrections.
Read full analysisThe AUDUSD is currently trading at 11-years low. For the first time since the outbreak of the credit crunch in 2008, the Aussie finds itself so deeply undervalued, as geopolitical, environmental, biological and other reasons weigh down heavily on the currency. [...] This analysis aims to examine the current economic situations in Australia and the US, and to underscore the most likely development of the AUDUSD in the foreseeable future.
The EURCAD fell with more than 2 % over the last two weeks, and the general market sentiment is starting to become distinctly bearish, which poses the question of how low can the euro continue depreciating before it finds support? [...] The purpose of this analysis is to present a comparative review of the two economies and their currencies’ present standings, and therefore to demonstrate the most likely future development of the EURCAD pair.
[...] The pair currently appears to be trading at the lower end of a short-term range in an otherwise trending market environment. This opens up excellent opportunities for the execution of either trend continuation trades, or, correspondingly, trend reversal trades depending on [...]. That is why the current analysis aims [...] to underpin the most likely forthcoming development in the GBPJPY’s price action.
The first Friday of the month is usually a very special time for the USDCAD pair, as that is when the US and Canada both release crucial employment numbers simultaneously, which typically prompts heightened trading activity and volatile price action. The same conditions are expected to take charge of the market later today, which is why the current analysis is focused on examining the current state of the USDCAD [...]
[...] the 'Aussie’ has been weakening for the past several months, losing ground to all major currencies. The AUDJPY, too, has been going south for the better part of 2019, and a little headway has been made to change those circumstances. [...] The question is whether the AUDJPY’s bearish trend is ready to be terminated or these indications point to a momentary quieting down before the continuation of the long-term downtrend’s development?
Arguably, the most important economic releases that are scheduled to take place this week are the employment survey in New Zealand and the NFP (jobs report) in the US, which is commonly revised each first Friday of every month. [...] the purpose of this analysis is to examine the current technical outlook on the currency pair’s price action in the context of the changes to the overall trading volume, which are expected to occur [...] this week.
The EURUSD has recently completed the formation of a Head and Shoulders pattern on the daily chart, and the currency pair's price is currently testing the strength of a major support level. [...] The current economic climate also creates perfect conditions on the market for the establishment of significant price swings given the solid quarterly performance of the companies in the Tech industry earnings wise; the interest rate decision in the US; the Brexit deadline, which is tomorrow, and more.
The Japanese Yen is one of those financial assets that typically become especially sought after at times when there is sweeping uncertainty in the market is leading to heightened fear amongst traders and investors. [...] Currently, the outbreak of the deadly coronavirus is becoming increasingly more dangerous by the day, and some popular media sources have already begun to weigh in on the [...]
The EURAUD pair has been steadily consolidating within a price range with increasingly narrower boundaries, as indicated by the purple area on the chart below. The price action is currently contained within the Significant Resistance level at 1.63300 and the upwards-sloping trend line at 1.60000 in a ‘bottleneck range’, which may be due for termination. Thus, the price is overdue for a breakout away from the boundaries of the price range.
The GBPUSD, also referred to as 'The Cable', is currently trading close to the psychologically important support level at 1.30000. The support has psychological importance due to the four zeroes that are gathered at this particular price level. Such levels typically mark turning points in the market and are usually found at the end of intermediate price corrections.