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 [...]
We covered the GBPCHF on 6 July, noting a sustained downtrend over an extended period of time. We provided suggestion for aggressive traders to sell around 1.3500, with stops above 1.3700. Since that update the pair has continued to move lower and anyone who set an order would have been filled. With the price action [...]
The GBPCHF has been in a sustained downtrend for an extended period, falling from above 1.8000 in August 2009 to currently be trading below 1.3500. More recently, we note a series of lower highs and lower lows, the shorter-term EMAs have crossed lower and the price action is below the longer-term EMA filter, which is [...]
We covered the GBPCHF on 21 June and suggested selling the pair on stop at 1.3590, with a 180 point stop. Since then the pair has broken lower and anyone who set an order would have been filled. With the price action currently trading around 1.3425, those still in positions would currently be 165 points [...]
The GBPCHF has been in a sustained downtrend for an extended period, falling from above 1.800 in August 2009 to currently be trading below 1.4000. More recently we noted a series of lower highs and lower lows, shorter-term EMAs crossed lower and price action which is below the longer-term EMA filter, which is negative. We [...]
The GBPCHF pair has been in a downtrend for an extended period of time now. In recent months, whenever the price action has tested the value zone defined by the 100-, 150-, and 200-period EMAs is has been rejected strongly. The price action is now extended away from the value zone but this does not [...]