FX Trading News & Strategies from Australian Stock Report
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 [...]
The EURCHF has rallied strongly since its early-August lows. The pair is now in an uptrend, having formed a series of higher highs and higher lows. The short-term EMAs are crossed higher and the price action broke through the previous swing high overnight. We are anticipating further gains and traders can look to take advantage [...]
After topping out around 1.3200 in early April, the EUR CHF has fallen away sharply, currently trading towards 1.2000. The bias is bearish for the pair and we note that the shorter-term EMAs are crossed lower and the price action is below the longer-term EMA filter, which is negative. Whilst we are bearish, we are [...]