theforexcast

theforexcast

Introduction : We have been long playing this range-bound channel, with fast moves fueled by news from both currencies, but mainly from AUD. We can see two bearish wedges forming with the second one being nearly-invalidated by reports that pushed AUD prices further up across the entire board. Price struggled above the main resistance and, as soon as it broke...

theforexcast Updated 

Introduction : After last December's US economic uncertainties (US-China trade wars and US government shutdown), JPY played its role as the world's safehaven currency and rallied back to its mid 2018's levels. Since January this year we've been witnessing an indecision as to whether it'll continue its move downwards or pullback to its previous 114.000 levels on...

theforexcast Updated 

Introduction : As it's clear on the 4h chart, FX:NZDCAD has been comfortably ranging between 0.89000 to 0.93000 since mid November of 2018. Although it is a minor pair, meaning its moves are fundamentally based on each currency's performance across the whole forex markets (particularly against the US dollar), an in-depth market analysis suggests that this...

theforexcast Updated 

Introduction : As we can see on the daily charts, FX:EURUSD sat on a 500pips range from May to November, when a loose bearish wedge formation concluded and, from an unsuccesful attempt to break upwards, a downtrend initiated and we are currently in it. The rally on March the 20th was due to the FED's announcement that it would maintain its interest rates, at a...

theforexcast Updated 

Introduction: This is a very straightforward trade. Following CHF's weakness today across major pairs and a mild USD rally, FX:USDCHF is now back at the top price levels since March 2017, repeating itself over 5 times already. There were a series of higher lows and approximately same highs, forming an ascending triangle on a macro level but a slight bearish...

theforexcast Updated 

Introduction : After last December's US economic uncertainties (US-China trade wars and US government shutdown), JPY played its role as the world's safehaven currency and rallied back to its mid 2017's levels. Since January this year we've been witnessing an indecision as to whether it'll continue its move downwards or pullback to its previous 130.000 levels on...