June – The month of the truth for GBP

The pound is heading for its strongest monthly fall of the year, with a long list of risks pointing to even more turbulence in June. Sterling traders are preparing for great uncertainty on many fronts next month – the end… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]

NZDCAD – trade opportunity

NZDUSD – the pair doing a test of the 50 SMA and the trendline support of the last upward movement. Levels around 0.597 – 0.601 are a strong support area. If the daily bar closes above these levels – this… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]

NZD/USD – sell-off likely to continue in the midterm

NZD/USD struggles to retain the rebound from the yearly low (0.5469) even though US authorities take unprecedented steps to curb the weakening outlook for growth, and the recent rebound in the exchange rate may unravel over the remainder of the month as the Relative Strength Index (RSI) continues to track the downward trend from earlier this […]

AUD/USD – potential for more upside

Following the Fed announcement yesterday, the dollar weakened and this helped AUD / USD to climb higher, breaking 100 MA on the 1H chart (orange line). Currently AUD / USD is testing the level of the short term resistance at 0.5964-85. Just above this level is 200 MA (purple line) – 0.60030. A breakthrough will […]

USDCAD back at 1.3305, after the lows of 1.3262 – what comes next

USDCAD is making gains today, but they still look limited by the range The dollar is backed by higher bond yields in the country New home sales are jumping over expectations in January in the US. The USD / CAD… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]

NZD to 0.59 at end of Q1 2020

ANZ with NZD / USD currency pair forecast – NZD / USD will drop to 0.59 by the end of March next year By 0.61 by the end of June next year ANZ cites the fact that RBNZ lowers interest rates and uncertainty around capital decisions. According to them, interest rates in New Zealand will […]

Support for risky currencies as trade war hopes grow

Movements in major currencies generally tell the history of the markets. A slight hint of risk-on sentiment, but nothing larger at the moment, with risk assets backed by Kudlow’s comments that the US-China trade is getting closer and closer. In such a market situation, risk currencies are profitable. With a little context, AUD / USD […]

EUR/USD: Technical analysis

EUR / USD recovered from 1.09 to 1.1150 in October. The pair is making a serious test of the resistance from the peak of 2018. Still, there are many more barriers to the rise: the 50-MAh of the weekly chart at 1.1230, the 50-MAof the monthly high of 1.1320, the 200 MA of the weekly […]

GBP/USD: Technical analysis

GBP/USD. GBP/USD moved higher in October but ran into resistance in the 1.30 area. The further obstacles on the upside are at 1.3080 (100-week MA), 1.3135 (200-week MA, and 1.3170 (50% Fibo retracement of the April-September decline). Support lies in the 1.2730/00 area (50-week MA, previous resistance line). Only a return below this are will […]

Calm start of the European trading session this morning

There’s not much going on in the forex market after the risk-off session yesterday, as traders settle down before another Fed presidential statement, Jerome Powell, and the upcoming FOMC meeting report later in the US. Ranges among major currency pairs remain tight, with most dollar pairs in 20-pound consolidation with the start of the European […]