Opinions

Can Bears Push The Loonie To Below 1.3000 Psychological Support Level?

The USDCAD currency pair on the 4-Hour Chart has been in a downtrend since 13 November 2020 when it registered the high price at 1.31715 On 25 November 2020, the Loonie recorded the low price of 1.29857. Technical Indicators When applying Oscillator Analysis to the price chart, one can see that price is trading below […]

Bears Paving The Way Down South For EURJPY

Technical analysis and price action during early November highlight trends in the EURJPY pair. The EURJPY currency pair on the 4-Hour Chart has been in a downtrend since 9 November 2020 when it registered the high price at 125.122, followed by a series of lower tops and lower bottoms. On 19 November 2020, the EURJPY […]

The Aussie Is Reversing To The Upside

The AUDUSD pair has gone largely unnoticed during the US Election furore – but is there an opportunity? The AUDUSD currency pair on the Daily Chart has been following a downward path since 1 September 2020, having found resistance at the 0.74128 level. The formation of the Japanese candlestick reversal pattern known as Shooting Star […]

USDJPY At Risk Of Breaching Key Support Level

Is there a play on the USDJPY pair? Some technical pointers suggest something interesting is happening… The USDJPY pair on the Daily Chart has been in a downtrend since 8 October 2020 when it registered the high price at 106.098, followed by a series of lower tops and lower bottoms. On 29 October 2020, the […]

Bears Exerting Pressure On Sterling

The GBPUSD pair on the Daily Chart has been following an upward path since 23 September 2020, having found support at the historical key support level at 1.26743. The formation of the Japanese candlestick reversal pattern known as Morning Star signalled the very beginning of the upward bias. The attractive price enticed buyers who entered […]

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 […]

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 […]

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 […]

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