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Archives / 2018 / April
  • EUR/CHF coils below 1.20

    30 April 2018 By Matthew Simpson CFTe

    The 1.20 area remains a key focus on EUR/CHF, as a break above it could pave the way for the next leg higher in line with dominant momentum.

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  • Forex in Focus: GBP/USD

    27 April 2018 By Matthew Weller CFA, CMT

    GBP/USD is testing key support after a disappointing GDP report - see what levels and economic reports we'll be keeping an eye on in the week to come.

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  • Forex in Focus - AUD/USD

    24 April 2018 By Matthew Simpson CFTe

    With a prominent close below the 2016 trendline yesterday, we weigh up the technical picture for a potential run towards 0.7500.

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  • USD/CHF caught between a rock and a hard place

    19 April 2018 By Matthew Simpson CFTe

    Since the February low, USD/CHF has been grinding higher in a rather unsatisfying way. Yet if we are to clear the next technical hurdle nearby, it could open-up the playing field for momentum traders to embrace.

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  • Forex In Focus - GBP/USD

    18 April 2018 By Jamie Dutta

    Jamie Dutta reviews GBP/USD’s response to a key level of resistance at 1.4344 and the impact of today’s UK inflation data.

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  • CAD crosses stand firm ahead of BOC meeting

    18 April 2018 By Matthew Simpson CFTe

    The Canadian dollar is the top performer this month ahead of today’s BOC meeting. And although no hike is expected today, CAD could either extend gains or find itself victim to profit-taking depending on their policy statement or monetary policy report (MPR).

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  • Forex in Focus - GBP/AUD

    17 April 2018 By Matthew Simpson CFTe

    Since breaking above the 1.80 area, a shallow retracement has held above a 38.2% Fibonacci level. And with momentum turning higher once more, we're keeping an eye on a break above 1.8506.

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  • USD/CAD bears pause for breath below resistance

    16 April 2018 By Matthew Simpson CFTe

    In a previous post, we highlighted the tendency for USD/CAD to trade lower throughout April using a 10 year seasonal chart. Just over half way through the month and already 2.2% lower, it appears on track to maintain this pattern.

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  • Forex in Focus: GBP/USD

    13 April 2018 By Matthew Weller CFA, CMT

    GBP/USD's bullish trend is running into a key resistance zone ahead of a busy week for fundamental news.

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  • 1.1831 is pivotal for EUR/CHF over the near-term

    12 April 2018 By Matthew Simpson CFTe

    The break above 1.1831 takes EUR/CHF to it’s highest level since January 2015 – the infamous month SNB pulled the plug on their currency peg with the Euro. And with little in the way of obvious resistance, we’re seeking opportunities to go long towards 1.20.

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  • FX Majors: Buck bashing continues

    11 April 2018 By Jamie Dutta

    Recent trade war tensions seem to have abated as President Xi's grown-up stance on global trade has soothed volatile stock markets. FX markets are not so sanguine on USD though, as geopolitics and US …

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  • Forex In Focus - EUR/JPY

    11 April 2018 By Matthew Simpson CFTe

    Following a weekly morning star reversal pattern above a 38.2% retracement level, we have EUR/JPY on our radars for a bullish breakout on the daily chart.

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  • US CPI and Fed Minutes on Tap, USD/SGD trend testing key level

    10 April 2018 By Matthew Weller CFA, CMT

    With geopolitical theatre (trade war posturing, central bank comments, FBI raids of Presidential lawyers, etc) grabbing all the headlines this week, it’s easy to forget that there is still some potentially market-moving economic data scheduled for release. Early in tomorrow’s US session, traders will get their first look at the March Consumer Price Index (CPI) figures from the US, followed by the release of the minutes from last month’s Federal Reserve meeting that afternoon.

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  • Forex in Focus: USD/JPY

    6 April 2018 By Matthew Weller CFA, CMT

    USD/JPY has been locked in a clear downtrend since the start of the year, but rates have started to show tentative signs of turning back higher.

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  • Forex in Focus - USD/CHF

    5 April 2018 By Jamie Dutta

    The swissie is unloved currently but USD/CHF's steady uptrend is heading into some key technical levels ahead of US employment data.

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  • USD/CAD – sell in April and go away?

    4 April 2018 By Matthew Simpson CFTe

    If price action yesterday is anything to go by, USD/CAD is in for a bad week. And if seasonal patterns are anything to go by, it could be in for a rough few months too.

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  • EUR/CAD carnage cracks clear trend line

    3 April 2018 By Matthew Weller CFA, CMT

    Technically speaking, we’ve seen several CAD crosses break key levels, but EUR/CAD is potentially the most interesting pair. After rising within a consistent uptrend since mid-January, rates saw a false breakout above 1.6125 resistance two weeks ago. The pair dipped down to test bullish trend line support in low liquidity holiday trade late last week, and with today’s big drop, that uptrend has been definitively broken.

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  • NZD/CAD approaches a technical juncture

    3 April 2018 By Matthew Simpson CFTe

    Since the beginning of December NZD/CAD has formed a steady uptrend. And with prices compressing above an established trendline, we see potential for the rally to resume.

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  • Forex in Focus - AUD/CAD

    2 April 2018 By Matthew Simpson CFTe

    After breaking the December trendline and compressing near recent lows, we explore the potential for further losses in line with a weekly bearish reversal candle.

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