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 [...]
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 [...]
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 [...]
The bias for the AUDUSD is bearish. The pair enjoyed a strong run higher late in 2011 and early in 2012 but since topping out above 1.0800 in late February, the local unit has rolled over against the greenback. The shorter-term EMAs are crossed lower and the price action has recently slipped below the longer-term [...]
The bias for the USDJPY is neutral to bearish at this time. The recent pullback phase is still playing out, with the price action yet to confirm support. Below the current market price, the initial support zone is noted in the 80.50-60 region and a move below this area would be another bearish sign. If [...]
The bias for the EURGBP is bearish. The shorter-term EMAs are crossed lower and diverging and the price action is below the longer-term EMA filter, which is negative. More importantly, over the last 24-hours the 0.8290-8300 support region has given way. Traders should now be looking to sell into any retest and confirmation of this [...]
The AUDUSD arrested its declines around 1.0300 late last week. Yesterday, the pair gapped up to a high around 1.0460 on the back of Sunday’s stronger-than-expected Chinese manufacturing data. There has since been a deterioration in the price action, following today’s RBA’s interest rate decision. As expected, the central bank left the official cash rate [...]