FX Trading News & Strategies from Australian Stock Report
The bias for the USDCHF is bullish. We’ve switched to a four-hour chart today to better highlight the recent bull move. The shorter-term EMAs are crossed higher and the price action is above the longer-term EMA filter, which is positive. Whilst we are bullish, we would only be buyers on stop above [...]
Friday night’s action saw risk currencies lose ground, as equities and commodities put in a mixed performance. The Aussie dollar slipped lower, with the AUDUSD giving up 0.6% to settle at 1.0031 at this morning’s NY close, and the AUDJPY letting go of 0.6% to settle 80.17. During today’s Asian session the Aussie [...]
As equity markets steadied overnight, so too did risk currencies and the euro. The Aussie dollar posted gains, with the AUDUSD adding 0.3% to settle at 1.0090 at this morning’s NY close, whilst the AUDJPY added 0.7% to settle at 80.67. The Canadian loonie traded at almost parity with its US counterpart before a government [...]
The bias for the EURUSD is bearish. The shorter-term EMAs have crossed lower and are diverging, and the price action has extended away from the longer-term EMA filter, which is negative. The price action is also on the verge of breaking down below a key horizontal level which, if breached, could induce further [...]
After the global retreat from risk in the previous session, international markets steadied overnight. Equity markets held their ground, as did risk currencies. The Aussie firmed slightly, with the AUDUSD adding 0.2% to settle at 1.0202 at Saturday morning’s NY close, whilst the AUDJPY gained 0.3% to settle at 81.53. During today’s Asian session the [...]
Since topping out at 84.00 in mid-March, the USDJPY has rolled over, presently trading towards 80.00. The shorter-term EMAs have crossed lower and the price action is on the verge of slipping below the longer-term EMA filter. The last completed daily candle is a bearish pin bar, which is often a precursor for lower prices [...]
The bias for the CHFJPY is becoming increasingly bearish. After topping out around 92.50 in March, the pair has rolled over and is currently trading around 88.50. The shorter-term EMA have crossed lower and the price action is on the verge of slipping below the longer-term EMA filter. Whilst we are becoming [...]
Amid stronger equity markets the Aussie dollar put in a mixed performance overnight, with the AUDUSD putting on 0.4% to settle at 1.0392 at this morning’s NY close, whilst the AUDJPY shed 0.1% to settle at 84.13. The euro fell, extending a monthly loss against the US dollar and Japanese yen, after S&P cut Spain’s [...]
Since bottoming out around 1.9750 in mid-April, the GBPSGD has rallied sharply and is now challenging the late-March and 2012 high at 2.0160. We are bullish on the pair, noting that the shorter-term EMAs are crossed higher and diverging and that the price action is above the longer-term EMA filter, which is positive. The key [...]
The bias for the AUDUSD remains bearish at this time. We recently covered the pair and suggested traders set on stop sell orders at 1.0290, looking to catch the next rotation lower. Since then this level has not been triggered but selling the breakdown remains our preferred play moving forward. Traders can [...]