FX Trading News & Strategies from Australian Stock Report
After a strong move higher from the October lows which saw the EURUSD rally to 1.4200, the pair has rolled over sharply in the last two weeks. Over that time the shorter-term EMA have crossed lower, and the price action has slipped back below the longer-term EMA filter, which has turned negative once more. Before [...]
The GBPUSD has fallen off a cliff since reaching a peak around 1.6620 in mid-August. The dramatic collapse has seen the short-term EMA cross lower and the price action trading below the 125-day EMA long-term filter, which is negative. Moreover, the bearish momentum looks set to continue with the currency pair recently breaking below the [...]
We recently covered GBPUSD on our FX report with a bullish bias. We provided a suggestion for traders to buy the GBPUSD at 1.6250, with targets aimed at 1.6500. As we anticipated, the price action rallied significantly since our initial analysis, reaching all the way up to 1.6590. Traders who followed our guidance would have [...]
Despite falling sharply from an early-August high of 0.8850, more recently the NZDUSD is showing signs of rotating higher. 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 [...]
In recent sessions the AUD USD has suffered at the hands of some economic announcements which have negatively impacted the pair. The RBA interest rate decision on Tuesday was the first hit, with the Aussie dollar moving lower straight after the central bank decided to keep rates on hold at 4.75%. Today’s jobs data didn’t [...]
The EURUSD is looking quite bullish. The shorter-term EMAs are crossed higher and the price action is above the longer-term EMA filter, which is positive. After retreating from nearly 1.500 in early May to a low just below 1.4000 in late May, the price action has turned higher and is currently trading around 1.4600. As [...]
EURUSD Currency Pair News: January 30
The key region to watch at the moment with regard to the EURUSD is the 1.3200-40 region. This price region has previously acted as both support (October and November last year) and resistance (December last year). The region also represents the 38.2% Fibonacci retracement level from the late-October high to mid-January low. In order for [...]