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<p>The CHF/JPY currency pair has been trading within a descending triangle pattern since the beginning of March. From a theoretical point of view, it is likely that the exchange rate could trade within the given pattern until the end of April. Then, a breakout north could follow. In this case the rate could re-test the […]

<p>The British Pound has been edging higher in a junior ascending channel pattern against the Canadian Dollar since the end of March. The currency pair bounced off the bottom border of the channel pattern at 1.6651 on March 23 and has gained about 5.51% in value during this period. Everything being equal, the exchange rate […]

<p>Since the beginning of April, the Pound Sterling has declined by 4.98% against the Australian Dollar. The currency pair tested the lower boundary of an ascending channel pattern at 1.9549 on Tuesday. Given that the exchange rate is trading near the bottom border of the channel pattern, a breakout could occur within the following trading [&

<p>The last month has been much better than the one the preceded it for stock markets, but the rally may be running out of steam as earnings season brings us back down to earth. Results from the banks this week will provide a much clearer picture of the economic consequences of the coronavirus and what […]

<p>Notes/Observations IEA slashes 2020 oil demand with Global Oil Demand reduced from 99.9M bpd to 90.5M bpd as demand seen lower by 9.3M bpd for year (previously saw demand growth of 825K bpd); WTI falls to lowest level since 2002 at $19.20/contract Asia: China PBoC conducted 1-year MLF operation that injected CNY100B into the system [&helli

<p>The pair bounces from 107 support zone which was cracked on Tue/Wed but without clear break so far. Bears face headwinds from supports at 107.00 (psychological) 106.91 (1 Apr low) and 106.70 (daily cloud top) with profit-taking after four-day fall, slowing dollar’s fall. Strong demand for safe-haven yen keeps USDJPY bears in play with cons

<p>GBPAUD’s new found confidence has pushed the price above the 1.9725 resistance and to the flat blue Kijun-sen line. The latest upside price action is also reflected in the upwards turn in the Tenkan-sen line as well as the short-term momentum indicators. The MACD, in the negative area, continues to increase above its red trigger […]

<p>EURGBP has seen its positive momentum evaporate in the medium-term and is subsequently unable to decisively overrun above the 20- and 40-period simple moving averages (SMAs) to give some signals for an upside rally. The pair has jumped somewhat higher today, backed by the technical indicators and the upward sloping red Tenkan-sen line. hig

After the sharp drop to 2009 lows, silver is rebounding up as the Fed introduced a limitless Quantitative Easing (QE). However, XAG/USD is still below the main

It has been a strange session in the markets. Most of the USD pairs are reversing their recent gains. EUR/USD and GBP/USD have both moved lower and th