The USDJPY Is Reversing To The Upside

The USDJPY currency pair on the Daily Chart has been following a downward path since 5 June 2020, having found resistance at the 109.841 level. The formation of the Japanese candlestick reversal pattern known as Bearish Engulfing signalled the very beginning of the downward bias. The high prices attracted sellers who entered the market with […]

How Far Can Bears Take Control Of GBPUSD?

The GBPUSD currency pair on the Daily Chart has been in a downtrend since 10 June 2020 when it registered the high price at 1.28120, followed by a series of lower tops and lower bottoms. On 22 June 2020, the GBPUSD currency pair recorded the low price of 1.23341. Technical Analysis When applying Oscillator Analysis […]

Where Is The Catalyst For Next Moves?

As I suggested last week it feels like we have hit an intersect in markets, where when we look around for catalysts to push equity higher and credit tighter, and it feels like the inspiration needed may be lacking and a lot is already in the price. US high yield credit trades at 5.78% (blue […]

EURUSD: Bears Likely To Regain Control

The EURUSD currency pair on the 4-Hour Chart has been in a downtrend since 10 June 2020 when it registered the high price at 1.14215, followed by a series of lower tops and lower bottoms. On 18 June 2020, the EURUSD currency pair recorded the low price of 1.11847. Technical Analysis When applying Oscillator Analysis […]

USDJPY Plummeting To Lower Levels

The USDJPY currency pair on the Daily Chart has been following an upward path since 6 May 2020, having found support at the 105.977 level. The formation of the Japanese candlestick reversal pattern known as Long White Body signalled the very beginning of the upward bias. The low prices attracted buyers who entered the market […]

Sterling Bulls Back In Driving Seat

The GBPUSD currency pair on the Daily Chart has been in an uptrend since 18 May 2020 when it registered the low price at 1.20734, followed by a series of higher tops and higher bottoms. On 3 June 2020, the GBPUSD currency pair recorded the high price of 1.26104. Its current price is 1.88% higher […]

EURGBP: how long can bears remain in control?

The EURGBP currency pair on the 4-Hour Chart has been following an upward path since 30 April 2020, having found support at the 0.86701 level. The formation of the Japanese candlestick reversal pattern known as Bullish Hammer signalled from the very beginning of the upward bias. The low prices attracted buyers who entered the market […]

Can Bulls Continue To Drive USDJPY Higher?

The USDJPY currency pair on the Daily Chart has been following a downward path since 24 March 2020, having found resistance at the 111.705 level. The formation of the Japanese candlestick reversal pattern known as Evening Star signalled the very beginning of the downward bias. The high prices attracted sellers who entered the market with […]

USDCHF Propelled To Capture Lower Grounds

The USDCHF currency pair on the 4-Hour Chart has been in a downtrend since 7 May 2020 when it registered the high price at 0.97835, followed by a series of lower tops and lower bottoms. On 12 May 2020, the USDCHF currency pair recorded the low price of 0.96641. Technical Analysis When applying Oscillator Analysis […]

USDCAD is plummeting to lower levels

The USDCAD currency pair on the 4-Hour Chart has been following an upward path since 30 April 2020, having found support at the 1.38491 level. The formation of the Japanese candlestick reversal pattern known as Bullish Hammer signalled the very beginning of the upward bias. The low prices attracted buyers who entered the market with […]

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