Financial news and actionable analysis
The EURCHF is one of the most interesting currency pairs part of the FX dashboard. Ever since the Swiss National Bank (SNB) dropped the exchange rate floor from the 1.20 level in January 2015, the pair gained worldwide fame. Even today, more than five years after the event, it acts […]
The EURJPY pair dropped from 127 area to 122 on the back of a mix of technical and fundamental factors. On the technical side, the pair formed a triple top difficult to ignore by technical traders. On the fundamental side, Shinzo Abe’s resignation and the change in leadership in Japan […]
The USDCAD pair is one of the best performers this September. It rose from 1.30 to almost 1.35 after forming an inversed head and shoulders pattern. The reversal pattern acted like a textbook one – similar consolidation on the left and right shoulders, then the price heading for the measured […]
The GBPUSD pair forms a bullish divergence against the RSI on the 4h chart and eyes a move back to the 1.30. This week’s developments helped the pair reversing some of its recent losses, as Bank of England’s Governor softened the negative rates remark and the PMIs printed above the […]
The USDJPY pair forms a contracting triangle as a reversal pattern that typically appears at the end of long trends. In this case, the bearish trend seen for the last four years seems to be challenged. Moreover, a double bottom formation ahead of the U.S. elections further fuels bullish scenarios. […]
Nasdaq 100 barely holds against the bearish wind that blows on the U.S. stock market. It reached dynamic support given by the neckline of a potential head and shoulders, and bears already prepare to give it a push even lower. However, the series of higher lows, typical in a bullish […]
The GBPCHF cross was one of the weakest ones recently. The CHF’s appreciation came in the context of extreme weakness from the British pound. Once again, uncertainty from the Brexit negotiations process weighed on the pound. The 1.20 seems crucial for the GBPCHF cross. So far, in 2020 the pair […]
The recent move lower in Bitcoin price was caused by a strong dollar rather than a weak Bitcoin. As always, when trading a financial asset, make sure that you consider both sides of the story. Just like gold or silver, Bitcoin gave back some of its recent gains. As the […]
Tesla share price trades lower by over 5%, as many view the Battery Day’s announcements as disappointing. After Elon Musk teased the market promising stunning announcements, it turned out that it was just a hype. In fact, a couple of days before the Battery Day, Musk downplayed the excitement, letting […]
The AUDUSD pair corrects from the highs as the DXY recovers. The rout in the U.S. stock market added fuel to the fire as the Aussie pair is down two big figures in the last sessions. It took an ugly head and shoulders pattern to signal the reversal, but the […]
