Forex Trading News

Swissy Bears Are Eyeing More Decline

The USDCHF currency pair on the Daily Chart has been in a downtrend since 25 September 2020 when it registered the high price at 0.92954, followed by a series of lower tops and bottoms. On 21 October 2020, the Swissy recorded the low price of 0.90296. When applying Oscillator Analysis to the price chart, one […]

EURGBP Continues To Creep Lower

The EURGBP currency pair on the Daily Chart has been in a downtrend since 11 September 2020 when it registered the high price at 0.92904, followed by a series of lower tops and lower bottoms. On 14 October 2020, the EURGBP pair recorded the low price of 0.90059. Technical Analysis When applying Oscillator Analysis to […]

Bears Reign The Loonie

The USDCAD currency pair on the Daily Chart has been following an upward path since 1 September 2020, having found support at the 1.29932 level. The formation of the Japanese candlestick reversal pattern known as Bullish Hammer signalled the very beginning of the upward bias. The attractive price enticed buyers who entered the market with […]

Turkey’s Central Bank Raises Interest Rates To Combat Fall In Value Of Lira

Turkey’s Central Bank has increased its one-week repo-rate from 8.25% to 10.25% in an attempt to support price stability and restore the disinflation process. The change was made public in a press statement that followed the bank’s latest Monetary Policy Committee meeting. Because inflation has risen dramatically due to a faster-than-predicted economic recovery that has […]

Can EURJPY Bears Maintain Control?

The EURJPY pair on the Daily Chart has been in a downtrend since 1 September 2020 when it registered the high price at 127.065, followed by a series of lower tops and lower bottoms. On 28 September 2020, the EURJPY pair recorded the low price of 122.369. Technical Signals When applying Oscillator Analysis to the […]

What Could A No-deal Brexit Mean For Sterling?

Sterling has come under pressure again as trade talks between the UK and the European Union become increasingly fractious and the chances of a deal being made before the end of the UK-EU transition period on December 31 look more remote than ever. Calm Before The Storm So far, sterling has been relatively immune to […]

Aussie Plummeting To Fresh Multi-Week Lows

The AUDUSD currency pair on the Daily Chart has been in a downtrend since 1 September 2020 when it registered the high price at 0.74128. On 27 September 2020, the Aussie recorded the low price of 0.70274. Technical Analysis When applying Oscillator Analysis to the price chart, one can see that price is trading below […]

The Reverse Of Fate – EURUSD Enters Correction Territory

The EURUSD currency pair on the Daily Chart has been following an upward path since 24 April 2020, having found support at the 1.07263 level. The formation of the Japanese candlestick reversal pattern known as Long White Body signalled the very beginning of the upward bias. The attractive price enticed buyers who entered the market […]

Negative Investor Sentiment Paved The Way For Swissy Bears To Reign

The USDCHF currency pair on the 4-Hour Chart has been following an upward path since 31 August 2020, having found support at the 0.89975 level. The formation of the Japanese candlestick reversal pattern known as Bullish Hammer signalled the very beginning of the upward bias. The attractive price enticed buyers who entered the market with […]

EURGBP Bulls Coming Back To Life

The EURGBP currency pair on the 4-Hour Chart has been following a downward path since 17 August 2020, having found resistance at the 0.90688 level. The formation of the Japanese candlestick reversal pattern known as Shooting Star Pattern signalled the very beginning of the downward bias. The attractive prices enticed sellers who entered the market […]

Older Posts