USDCHF ran lower this week and made bearish breaks. Can the sellers keep control.

4 hour chart shows the progression lower. The USDCHF this week trended lower and along the way, cracked below some downside technical levels.    Looking at the 4-hour chart above, the price started the technical breaks below an upward sloping trend line, fell below the 100 bar MA  (blue line) and then the 200 bar […]

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CFTC Commitments of Traders: EUR longs continue to get covered. JPY shorts remain steady

CFTC Commitments of Traders: EUR longs continue to get covered. JPY shorts remain steady Coming Up! Title text for next article LON +1 SDNY+11 NY -4 TYO +9 GMT Technical Analysis Weekly forex futures positioning data for the CFTC for the week ending March 30, 2021 EUR long 68K vs 74K long last week. Longs […]

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EUR/USD continues to face stiff resistance from the 200-day moving average

EUR/USD falls back towards the lows for the day at 1.1864 now Invest in yourself. See our forex education hub. The bounce at the start of the week continues to stall for EUR/USD as buyers are finding it tough to negotiate a breakthrough above the 200-day moving average (blue line). That level is seen @ […]

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AUD/USD slips back to test key near-term levels after early advance falters

AUD/USD trades down by 0.5% to 0.7620 levels currently Invest in yourself. See our forex education hub. Commodity currencies are among the laggards today and the aussie’s decline on the session puts it at the bottom of the pile in the major currencies space. There isn’t much of a clear catalyst with Treasury yields keeping […]

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