Recently, the NZDJPY pair attempted to break down below a massive range, which has been prevalent for the most part since early-June. The attempt amounted to nothing more than a false breakdown, as the price action quickly rebounded yesterday. The pair is now ready to re-enter the area of the range once again. Such erratic fluctuations are not uncommon for range-trading environments, which can be exploited [...]

The AUDUSD pair is nearing a crucial resistance level, which has been prevalent since February 2019. Such levels of support and resistance with historic significance typically act as turning points for the direction of the underlying price action, as traders usually bet on their continued prevalence. In other words, traders who anticipate a rebound from such a prominent price level are likely to construct [...]

The pound has been performing quite well over the past several weeks, despite the detrimental GDP numbers for the second quarter, protracted Brexit woes, and the persisting threat of a second coronavirus wave. Even still, the GBPCAD pair established a minor bearish correction over the last couple of weeks, which could represent one of two things – either a temporary disruption in the development of a [...]

The price of crude oil has been trading in a narrow range over the past several weeks, ever since the energy market started stabilising following the OPEC+ deal for the reduction of aggregate production. But even with the oil price war between Saudi Arabia and Russia now being a thing of the past, the next several months look like they are going to be quite turbulent for the precious commodity. [...]

The CADJPY has advanced by more than 3.5 per cent since the beginning of August, and the peak of this bullish run was reached yesterday when the pair tested the strength of a psychologically important Fibonacci retracement level. Similarly to the last time the pair traded around a prominent level, the price action is once again quite likely to rebound and establish at least a minor correction. [...]

The remarkable, bullish run of the euro is temporarily suspended, with a possibility for a complete trend reversal. The EURGBP pair has been falling since the 28th of July, and the price action is currently concentrated below a major Fibonacci retracement level, which begs the question if a bigger dropdown is possible to develop at the present rate. [...]

The NZDUSD pair has been advancing in a solid uptrend since late-March, as the dollar started to lose its status as the most sought-after currency during the tumultuous times of the coronavirus crisis. Yet, this ostensibly bullish sentiment in the market could be affected in adverse ways this week because of major economic releases in the US and New Zealand. [...]

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. [...]

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. [...]