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 [...]
Despite bouncing higher in the past few weeks, the EURJPY is still mired in a broader downtrend. Among the strategies that are taught in our workshops, one is based on the concept of a value-zone. This strategy incorporates the 100-, 150- and 200- day EMAs, with these moving averages defining the value-zone. As can be [...]
The EURJPY fell below a key support level around 113.50 on 11 July. The pair was smashed all the way down to a low of 110.81, before recovering some ground over the past two weeks. However the gains appear to have been halted at the previous 113.50 support level, highlighting its potential as a new [...]
The EURJPY has been hovering in a range, capped to the upside by 117.80 and supported to the downside by 113.70, since early-May. We note, however, that the shorter-term EMAs are currently crossed higher and the price action remains above the longer-term filter, which is positive, indicating bullish momentum. As the chart shows, the price [...]