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: 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 [...]

AUDCAD Currency Pair News: August 24

FX chart august 24

The AUDCAD has bounced back sharply since it briefly fell below parity earlier this month. Overnight, the pair completed a new higher top formation, signalling the beginning of a short-term uptrend. The 8- and 21- day EMAs have also just crossed higher, confirming the near-term bullish momentum. As a result, there is an opportunity to [...]

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