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One by one FX majors point towards a broader USD reversal, with the Swiss franc now coming onto our radar. We can see on the weekly chart that USD/CHF has had a tough time above parity since October 2017. That’s not to say it hasn’t tried to hold ...
A quick update on AUD following thestrong employment dataseen earlier today. Last week we highlighted the potential for AUD to carve out a new low, although part of the process involved establishing a new range before breaking higher. Having since ...
The British pound finds itself on the back foot following a breakdown in Brexit talks over the weekend. Taking a closer look at the daily chart we cansee the range produced several bearish reversal patternsnear the highs, including three bearish ...
EUR/USD broke out of a 4-day consolidation pattern earlier today. Whilst the direction was against bullish wishes, markets are now fully focused on the neckline of a 10-week reversal pattern. An inverted head and shoulders on the daily chart ...
CHF/JPY may not be the immediate choice for a speculative trade but, with it displaying such a directional move, we think it’s worthy of a look. We can see on the daily chart that a bullish breakout occurred last week, taking it to a six-month high. ...
Since ourprevious USD/CHF post, the pair broke to new lows in a seemingly direct route. We raised thepotential for a 300-point dropandour bearish view remains whilst we trade beneath the 0.9788-0.9808 resistance zone. If successful, it could reach ...
Since the 0.9983 high, USD/CHF has printed its worst 10-day run since February. And with extreme positioning of the US dollar and Swiss franc, we think it has the potential to extend losses. We can see on the daily chart that USD/CHF has been ...
Despite the sharp fall from the highs, AUDNZD’s structure remains favourable to bulls as they gather above a cluster of support levels. We can see on the daily chart that, after piercing our 1.1140 target a sharp correction ensued. Whilst a 50% ...
With AUD/JPY being a barometer of risk for FX, it’s been no major surprise to see the cross slump alongside investor sentiment as the Turkish crisis unfolded. But with it testing the lower bound of a 5-month range, this could be the beginning of the ...
Higher inflation expectations helped cap AUD/NZD’s rally ahead of tonight’s RBNZ meeting. But with the trend favouring further upside, it could be too soon to write off another push higher just yet. We can see on the daily chart that two prominent ...
The parabolic moves on USD/CNH has seen AUD and Asian currencies in general come under pressure. So, with its break to a fresh 11-month high today, AUD/USD is back under the spotlight for a move lower. Last month USD/CNH endured its second most ...
A stream of weak data, brewing trade wars and a growth warning from RBNZ has resulted in NZD being the weakest major over the past three months, allowing AUD to regain some ground and send AUD/NZD back to May’s high. We warned upside pressures were ...
The FX barometer of risk tried to break to its lowest level since November 2016 this week. And with bullish momentum sorely lacking, we’re seeking opportunities to enter short. We can see on the weekly chart that price action has been confined to a ...
We can see on the daily chart that the resistance zone previously highlighted has performed its job well. Not only did the bearish hammer mark the swing high, but was also the prelude to two bearish range expansion days surrounding ECB’s meeting, ...
It’s been another turbulent week in the FX space with potential trade wars, moves in the Canadian dollar and Japanese yen accounting towards the bulk of the hype. This is all well and good if you were able to trade such moves but if not, we’dpropose ...
Volatility for Yen pairs exploded yesterday and sent anything priced against it broadly lower. Carry trades and commodity currencies were particularly hard hit (a classic sign of investor angst) yet it was GBPJPY which took the title as the biggest ...
Following a relatively small pullback to 1.7416, yesterday’s bearish engulfing candle suggests a swing high may have formed, or at the very least is making an attempt of one. What makes this candle of particular interest is how the session opened ...
Since the September high, Gold has ‘only’ managed to shed 7.6% in value (if we look past the 9.1% it achieved by Tuesday’s low at the $1236.32). It was thanks to Wednesday’s FOMC meeting that Gold bugs were given a reprieve from bears as traders ...
The bearish trend from the July high to the November low has had a reversal of fortunes. The USD was sent broadly lower after the Fed hiked rates, not only due to it being fully expected (therefore priced in) but because traders had hoped for a more ...
The Australian Dollar has not had the best week, despite markets originally perceiving RBA’s monetary policy meeting as slightly hawkish. GDP was softer than expected, primarily weighed down by dire personal consumption before their trade surplus ...