EURAUD

GBPUSD meets critical support The pound falls back as traders take profit after a strong performance from the start of the year. The price action has retreated to March’s low at 1.3670, a support on the daily chart to keep the…

EURAUD has been trading in a bearish descending channel for the majority of Q4 as prices continue to tumble to 2-year lows. The current hidden bearish divergence noted on the momentum indicator looks to continue the trend. Since the…

EURAUD finally broke through the six-month trend line. The last few trading sessions saw further downside, after a brief recovery in the first half of December. Prices are currently looking for yearly lows as the latest long-term…

USDCHF Weakens Over Blue Presidency The US dollar may not have seen the end of the bearish tunnel yet. The prospect of Democrat Biden winning the US presidency had already prompted fresh selling of the dollar. Expectations of a…

EURAUD has repeatedly tested support level on a trend line that has been evident since June. Prices are now looking to test the said support level once again, as we move to the lower 1.62 range. The hidden bullish divergence noted on the…

EURAUD has tested levels on a trend line that has been established since the beginning of June. Prices are currently breaking through the line as we look to the momentum indicator for further clues. The hidden bearish divergence could show…

GBPCAD Drops on Brexit Uncertainty Encouraging signs are emerging at the end of Britain’s lockdown with retail sales jumping by 12% in May. Nevertheless, the pound sterling drifts lower as markets have shifted their attention to…

EURAUD weakening to a 5-month low of 1.6030 is a price level not reached in the last five months. What is more interesting with the pair's decline, however, is the break of the >3years ascending channel. The daily chart above suggests…