Currency

Weekly COT Report: Bullish Exposure on USD Continues To Dwindle As of Tuesday 27th August: Traders were net-long USD by $10.6 billion, down -$0.34 billion from the prior week to make a fresh 14-month low. Against G10 currencies, traders are net long by $13.68 billion, down -$0.82 from the prior week. Traders increased net-short exposure on […]

Historically, September Has Been A Bearish Month For USD/CHF Using historical data, we’ve mapped out a seasonal matrix for FX majors and noted the bearish tendency for USD/CHF in September. The matrix may appear a little confusing at first, although what we’re essentially looking for is a high positive (low negative) number to suggest a […]

USDCHF Price Analysis The pair is moving to a new session high and in the process is exiting from it’s moving averages 5 (red line) and 13 (blue line) at 0.9805 and 0.9785 respectively. Currently, a base on the level at 0.9775 area, at the horizontal line has formed and has allowed for a temporary […]

In an Active Mode, GBPJPY Gets Set for the Upside Momentum GBPJPY Price Analysis – August 28 The pair is likely to stay uneventful in the short-term as the RSI and the moving averages are flattening and the price is rising slowly. In any case, the recent fundamentals affecting the Pound had made the pair […]

We suggest keeping a close eye on the monthly close on NZD, given the importance of the technical juncture it sits at. We can see on the monthly close that that NZD/USD is on the cusp of testing a key, long-term level. Prices are trading just above the August 2015 low and close to testing […]

GBP and GBP/JPY Could Be Setting Up For A Swing Trade Short Since Friday we have seen cable’s counter-trend rally extend, yet it remains within the bearish channel and has provided a two-bar reversal pattern beneath the upper trendline and Fibonacci retracement level. The UK’s 10-2 yield inverted last week and the spread between US […]

Despite the nice downtrend on EUR/CHF, we urge caution amid signs of SNB’s FX intervention. Focussing purely on the technicals, EUR/CHF has provided a decent bearish trend on the daily chart, having shed over -5.5% since its April high. The 20-day eMA is capping as resistance and Friday’s bearish engulfing candle suggests a swing high is in […]

EURJPY Price Analysis – August 23 In today’s trading session, the common European currency traded sideways against the Japanese Yen. The currency pair was trading below the moving average 5 and 13 since yesterday’s trading session. We may see bearish traders pressurize the currency pair towards the level at 117.50 before the end of today’s […]

AUDUSD Price Analysis – August 22 The Aussie is holding weaker so far with the yuan softer on the day on a softer note for the equities and treasury yields. However, yuan has a relative effect on USD as the PBOC fixed the yuan weaker again today, reaffirming the notion that they will allow the […]

Since RBNZ surprised markets with a 50 bps cut this month, NZD/JPY has coiled below key resistance as it builds up energy for its next directional move. How prices react around resistance could be the key for way it breaks next. Whilst we see the area around 69.30 as pivotal, we are open to a […]