AUDJPY

SPX 500 breaks to new high Stock markets cheered President Biden’s $2 trillion infrastructure plan to revitalize the US economy. Following a brief correction, the S&P has already established a firm base above 3850. A bullish…

AUDJPY price action was trading in an ascending channel for the last few months of 2020. The bullish intent was met with exhaustion after the long-term bearish divergence finally saw prices move lower. Since then, a long period of…

USDJPY Rises on Cautious Sentiment As bearish bets on the greenback reach a decade-high, would this be the start of the short squeeze? The Fed kept its policy intact as expected in its latest meeting, but the caution about the pace…

USDJPY Tanks Over Improved Sentiment If the new year comes with new hopes, then the US dollar could remain depressed compared to its riskier counterparts. Markets are currently driven by a recovery mood even if it is barely over…

AUDJPY has seen a continued ascension since the start of November, with the pair recently hitting yearly highs over $78.50. During the specified period, a strong bearish divergence has seen a shift in sentiment away from the bullish…

USDCAD Battered by Risk Rally Hopes of recovery have reached a new high bolstered by vaccine headlines, second reopening across Europe, and unwavering government aid. This bullish fever in risky assets continues to be detrimental to…

GBPCHF Consolidates as Brexit Deadline Looms Pressure mounts as Brexit negotiations go into its crucial week. A deal must be reached by the end of November so the EU could pass it into legislation before the end of the transition…

AUDJPY has seen a bullish ascendency which has propelled the currency pair to multi-month highs. By remaining above the 61.8% area of the 78.45/73.12 downside Fibonacci leg suggests that the bias remains on the upside. Prices are now…

USDCHF Faces Highly Volatile Week There is rarely any week like this one with triple risk events where extreme volatility in the US dollar is expected. Short-coverings over the past few days suggest investors’ positioning in…

GBPNZD Trades in Range for Lack of Catalyst Despite the Brexit noise, the pound has been grinding its way up against the New Zealand dollar. As major contentions around fair competition and fisheries linger, negotiations could run…