Technical Analyses
Technical analysis is a way of predicting the future forex market movements based on previous market movement patterns and trends. From a Technical Analyst’s viewpoint all fundamental aspects are already a part of the previous market movements and therefor needs no special consideration. The main tool by witch to analyse the forex market is forex charts.
US Dollar weakens to set both EURUSD and GBPUSD higher
A US Dollar selloff on Wednesday in the wake of both Federal Reserve (Fed) Chairman Jerome Powell’s testimony for the US Congress and after the…
USDJPY upside risk as USDCAD remains bearish
The US Dollar has been gaining versus the Japanese Yen since late June with a broader “risk on” environment across global asset classes (global equity…
Risk on phase sees bull bias for both AUDUSD and NZDUSD
Both the AUDUSD and NZDUSD Forex rates have staged solid recoveries since the early July setback. These have built on the strong rallies seen since…
EURUSD bullish; GBPUSD upside correction risks
EURUSD has seen a surge above the 1.1348 peak from earlier in June, being helped to the upside by the a still weakened US Dollar…
USDCAD stays bearish, but USDJPY recovery bias
The USDCAD and USDJPY FX rates both remain in intermediate-term bear trends, but in the short-term these currency pairs are displaying differing direction biases, with…
Risk on environment and a weak US Dollar sees AUDUSD and NZDUSD higher
AUDUSD and NZDUSD currency pairs have posted firm recovery rallies on the second half of June. This has reflected two fundamental factors: A risk on…
EURUSD shifts back to a broader range theme; GBPUSD bear trend extends
A plunge lower for the Euro across major currencies on Tuesday with dovish comment from after European Central Bank President Mario Draghi stated the ECB…
USDJPY stays bearish as USDCAD aims higher
The USDJPY and USDCAD currency pairs are exhibiting a mixed tone as the US Dollar has strengthen against most currencies into mid-June, but USDJPY has…
EURUSD shifts bullish; GBPUSD just stays bearish
The EURUSD and GBPUSD currency pairs have rebounded in early June, with the intermediate-term outlook for the EURUSD FX shifting to bullish, whilst the GBPUSD…
AUDUSD aims a lower as NZDUSD clings to support
AUDUSD and NZDUSD currency pairs are exhibiting a mixed tone in both the short- and intermediate-term outlooks The AUDUSD Forex has established an intermediate-term range,…
AUDUSD and NZDUSD bear trends questioned
We last looked at the AUDUSD and NZDUSD currency pairs here on 20 th May highlighting intermediate-term bear trends. The rebounds seen in late May,…
USDJPY stays bearish whilst USDCAD shifts to a bear trend
Ongoing US Dollar weakness continues to impact on both the USDJPY USDCAD Forex rates. The May “risk off” phase has extended into June in…
USDJPY and USDCAD both aim higher short-term
We last reviewed the USDJPY and USDCAD currency pairs here and highlighted an indecisive theme for USDJPY and both short- and intermediate-term positive themes for USDCAD….
Bitcoin Price Rejected Above $9k
It looks like the old days of violent rollercoaster-like price action are back. Having hovered below $9k after defending some key support levels in the…
GBPUSD bear trend and theme reinforced; EURUSD indecisive, but bearish
On 16th May we last reviewed the GBPUSD and EURUSD currency pairs here and highlighted a bearish theme for GBPUSD and downside risks for EURUSD…