Currency pair of the week: GBP/AUD
One month after the Brexit trade deadline, Britain is already looking to join a new trading bloc, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which includes countries such as Japan, Australia and Canada. This would allow the UK...
AUD/USD Pair Started An Upward Move Below 0.7605
The Aussie Dollar seems to be forming a decent support base above the 0.7600 level against the US Dollar. The AUD/USD pair traded as low as 0.7605, and recently started an upward move. It broke the 0.7625 level, but it...
Traders Still Pushing Silver Higher. Could it Really Be the Next GME?
XAG/USD continues to push higher. After yesterday’s move, in which the Silver ETF (SLV) was suspected of being the next target of a short squeeze, the move continues…and it is dragging Gold along for the ride. Precious metals are typically...
USD/TRY Outlook: Lira Accelerates Higher after Taking Out 200DMA Barrier
The Turkish lira regained traction and strengthens further against the US dollar, following break of pivotal 200SMA (7.3643) which held the action in past three weeks. Lira is also on track for the second straight bullish weekly close and third...
USD/THB 4H Chart: Downside Potential Could Prevail
Since the middle of December, the USD/THB exchange rate has been trading sideways within a symmetrical triangle pattern. As apparent on the chart, the rate has broken the lower pattern line. Given that the currency pair is pressured by the...
USD/ZAR 4H Chart: Rising Wedge Pattern In Sight
Since the beginning of December, the USD/ZAR currency pair has been trading within a rising wedge pattern. From a theoretical point of view, it is likely that the exchange rate could continue to move within the predetermined pattern until the...
NZD/JPY 4H Chart: Could Continue To Edge Up
The New Zealand Dollar has surged by 1.84% against the Japanese Yen since January 19. The currency pair tested the 75.00 level during this week’s trading session. All things being equal, the NZD/JPY exchange rate is likely to continue to...
NZD/CAD 4H Chart: Bounces Off Support
The New Zealand Dollar has surged by 1.71% against the Canadian Dollar since last week’s trading sessions. The currency pair bounced off from the lower line of an ascending channel pattern at 0.9050 on January 20. As for the near...
USD/JPY Outlook: USD/JPY Hits 2 1/2 Month High As Recovery Accelerates Through Important Barriers
The dollar accelerates further up against yen on Friday, extending steep rally into third straight day and taking out some important barriers. The greenback was boosted by fresh safe-haven demand on persistent fears about a coordinated assault on hedge fund...
EUR/USD Bullish Wave C Within Bearish ABC Pattern
EUR/USD is building a bearish pullback within the long-term uptrend. Price action is expected to build either an ABC or ABCDE triangle pattern (pink) on the daily chart. The EUR/USD seems to have completed a wave 3 (purple) at the...
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