Browsing Tag

GBPAUD

GBPAUD Double Bottom Bounce

GBPAUD saw a progressive downturn in fortunes at the back end of 2020. A move to the lower 1.74 region saw a sharp pullback before exhaustion saw another move again to the said level. However, a significant bullish divergence noted on…

GBPAUD Looks for Q3 Highs!

GBPAUD remains on a bullish footing in the long term as prices trade within an ascending channel. The momentum began towards the end of July. A breakout above the upper channel at the beginning of August faced resistance, leading prices…

The Week Ahead: Technology Supremacy

USDCAD Rebounds as Sino-US Tensions Brew The US dollar could see a silver lining in the tensions between the US and China. President Donald Trump’s executive orders to ban popular Chinese apps WeChat and TikTok are the latest…

The Week Ahead: Long March

USDJPY Softens on Grim Outlook The Japanese yen continues to show resilience against the US dollar after hitting April’s low. The Federal Reserve’s dovish outlook has injected some discomfort into investor sentiment. Meanwhile,…