Currency

Whilst the bias for USD/CHF remains for a break to new lows on the daily chart, we see potential for a minor rebound for intraday traders as its correction completes. We noted recently that DXY could face headwinds as we head into April and, so far dollar bears are doing their bit to keep the […]

ETHUSD Long-term Trend – Ranging   • Distribution territories: $170, $190, $210 • Accumulation territories: $100, $80, $60   Ethereum’s price has in the long run seen its outlook remain ranging around the same zones. Currently, ETH is fluctuating around the $140 mark, and has been since the first few trading sessions of the week. […]

After the DAX failed to hold above 11,800, Friday’s bearish engulfing candle saw the index break beneath its bullish channel and prior swing low. With the bias remaining bearish beneath Friday’s high, we see its potential to head towards 10,900. We outlined the two scenarios for the DAX in our prior analysis, CAC, DAX Could […]

A summary of the weekly Commitment of Traders Report (COT) from CFTC to show market positioning among large speculators. GBP traders reduced net-short exposure by 22k contracts, its largest weekly change in 9 months. Adjusted for open interest, traders are the most bearish on VIX since 2008. JPY futures rise to 7-week high, despite bears […]

Last Friday we highlighted CAD/CHF’s potential bearish Deja Vous pattern. Whilst bearish momentum is taking hold, we may see a pause in trend before it breaks to new lows. The daily trend structure is firmly bearish, and the 61.8% Fibonacci retracement level performed well as resistance. Friday’s break out of its 36-pip range marked the […]

XRPUSD Medium-term Trend: Ranging   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.30, $0.28, $0.26   The XRP price is still in a tight range between the levels of $.30 and $0.33. While in its tight range the $0.32 price level is now a strong resistance level. The crypto’s bullish candlesticks above […]

The most volatile session since the flash-crash saw USD/JPY break convincingly lower from its triangle formation. Moreover, it closed beneath the prior swing low and cluster of moving averages (50, 100 and 200-day eMA’s) to underscore the power of the breakout. The dovish tone of the meeting caught markets by surprise, which now sees the […]

EUR/USD has been oscillating within a bearish channel for the best part of this year. But having rebounded around 1.5% from its low (an area which saw euro reverse previously) we’re looking out for further signs of weakness that could signal a top. A small hammer suggests markets were hesitant to break higher, although the […]

A symmetrical triangle could be forming on USD/JPY, unless of course it decides to close the gap follow yields lower with a break to new lows. With the Fed meeting looming tomorrow, could this be the calm before the storm? Matt Simpson takes a technical look. City Index: Spread Betting, CFD and Forex Trading on […]

If the US dollar index (DXY) is to follow its seasonal tendency, headwinds could cap upside potential in March before dragging it lower around April. We can see that, whilst January and February have averaged positive returns, their potency has dwindled over the past 5 years (relative to the 30-years) before average returns have become […]