Currency Trading News: February 26th 2013

It was a tale of two halves overnight, with some strength in the European session completely dissolving in the US session. Risk assets were dumped en masse in the US session, giving Stateside equity indexes their biggest losses since November, as partial election results spurred concern about prospects for a stable government in Italy and [...]

Currency Trading Commentary: Kiwi Cooked

Currency Trading Commentary: Kiwi Cooked

The bias for the AUDUSD remains bullish.   The rally over the previous few sessions should mean the completion of the recent pullback and support building phase. The pair is now in a position to retest the previous major high from last July, at 1.1080. Below the current market price, support is noted at 1.0790 [...]

Currency Trading Commentary: 31 May

Spot FX (mini) USD_JPY

Since we last covered the USDJPY, the pair has continued to respect the downtrend we drew 10 days ago. The bias is now firmly bearish for the pair, with the shorter-term EMAs crossed lower and the price action below the longer-term EMA, which has turned negative. Traders can look to be sellers on a further [...]

Currency Trading Commentary:23 May

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The bias for the GBPCHF is bullish. The shorter-term EMAs are crossed higher and the price action is above the longer-term EMA filter, which is positive. We note that the price action recently broke out above a previous swing high created in January this year and has since been back to retest and confirm this [...]

Currency Trading Commentary: 17 May

Currency Trading Commentary: 17 May

The longer-term trend for the EURNZD is bearish but in the near-term the picture is quite bullish.   The shorter-term EMAs are crossed higher and the price action is above the longer-term EMA filter, which has recently turned bullish.   Given that we’re only looking to take out a tiny move in the context of [...]

Currency Trading Commentary: 15 May

Currrency Trading Commentary: 15 May

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 [...]

Currency Trading Commentary: 11 May

Currency Trading Commentary: 25 June

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 [...]

Currency Trading Commentary: Euro Woe Continues

Currency Trading Commentary: Euro Woe Continues

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 [...]

Currency Trading Commentary: Rolling Over

Spot FX (mini) USD_JPY (-)(2)

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 [...]

Currency Trading Commentary: 2 May

Currency Trading Commentary: 25 June

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 [...]

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