Over the past several weeks, the struggling US dollar had one of its biggest tumbles against the Swiss Franc, whose status as a safe currency solidified the constant demand for it during these volatile times. The USDCHF fell by more than six per cent since the beginning of June alone, which manifests the robust selling pressure that continues to drive the pair lower. [...]
The USDCHF is one of those assets whose price action has become decidedly muted over the last several days and weeks, following the coronavirus market crash in early March. Diminished adverse volatility and the general transition of the market within a decisive range-trading environment, are both indications of an asset's stabilisation in the wake of a substantial market turmoil. [...]
[...] all of the necessary prerequisites for the execution of new trading ideas are present. This means that the anticipated boost in headline volatility could turn the USDCHF into the most exciting pair in the FX market over the next several days. That is why the current analysis examines the likely ramifications from FED’s recent monetary policy decision, as well as the prospects before the SNB ahead of its Thursday meeting.
The purpose of this analysis is to advance a detailed examination of USDCHF’s price action and its current behaviour in light of the ongoing coronavirus situation as it continues to develop and to underpin the likely turning points in its direction. Thereby, the ultimate goal of the analysis is to highlight how and when such range-trading strategies can be applied with the greatest expected returns.
The price action of Ethereum is currently attempting to strengthen above the psychologically significant threshold at 2500.00, in what can be considered as an early bullish signal. The cryptocurrency collapsed last week following the sudden Russian invasion of Ukraine, as traders and investors dumped high-risk assets in the search for lower-risk securities. Despite these tribulations, however, Ethereum was [...]
Crude oil, being the energy market benchmark, is being affected quite substantially by the ongoing tensions between Russia and Ukraine. The prospect of war could disrupt the global supply chains of crude oil as Russia is one of the biggest exporters of the commodity, as well as the most significant member of OPEC+, which is what is prompting the heightened demand for the commodity. [...]
As was forecasted by our last analysis of gold, the price action reached the previous swing peak at 1915.00. This is where a major bearish reversal is likely to take place, given the confluence of mounting bearish signals. That is why the underlying setup seems favourable to bears looking to implement contrarian trading strategies. Bulls, in contrast, could potentially seek to enter long on the next dip as [...]
The price action of Bitcoin is once again tanking as bearish bias is ramping up. This is being prompted by several contributing factors, the main one amongst which is increasing overall uncertainty. Markets are shuddering from the looming prospects of a Russian invasion of Ukraine, which stymies investors ' demand for higher-risk assets. [...]
The price action of the EURUSD is currently consolidating near the dip of the previous downtrend as bullish pressure is once again accumulating. This may represent a very early stage in the development of a new uptrend, which may allow bulls the opportunity to utilise contrarian trading strategies on the expectations for such a trend reversal. [...]
The price action of the Nasdaq composite bounced back up from a recent dip, giving investors a glimmer of hope that the correction may finally be over. While this pullback does not necessarily signify a complete bullish reversal, the underlying setup may be favourable for the implementation of trend-continuation strategies by bulls seeking to join the market before the price action re-enters into uncharted [...]
The price action of one of the most popular cryptocurrencies in the world continues to behave exactly as per the expectations of the Elliott Wave theory, twisting and turning in a manner that is demonstrative of its fractality and scalability. What that means is that each subsequent wave represents a proportionate leg - whether impulse or retracement - of a broader structure, transcending across multiple [...]
The price of the commodity broke out above $90 per barrel last week, which represents the last major threshold before the psychological barrier at $100. This poses the question of whether soaring inflation and the tumultuous geopolitical landscape worldwide would drive the price higher, or whether it is time for a long-overdue correction? [...]
The price action of gold looks poised to climb higher in the near term after the commodity was able to recover from last week's upsurge in adverse volatility, which was prompted by the top-tier economic releases towards the end of the week. Therefore, bulls have a chance to enter at a discount by implementing trend-continuation strategies.
The price action attempted to break lower following the publication [...]
The price action of Bitcoin looks poised to continue sinking lower in the coming weeks as the underlying bearish pressure keeps on mounting. This is exemplified by the recent upsurge in selling volume, which led to the completion of the bullish pullback. That is why bears could seek to implement trend-continuation trading strategies on the current set-up. [...]
Following the latest economic developments globally, significant bearish sentiment is currently being observed on the EURUSD pair. This drastic change in the underlying supply and demand equilibrium is likely to drive the price action even lower in the foreseeable future.
Most importantly, FED's recent hint at a very probable rate hike as early as March strengthened the dollar. This decision was motivated [...]
The price action of the second most popular cryptocurrency in the world is currently behaving as per the expectations of the Elliott Wave Cycle Theory, amidst the general selloff in the market. This behaviour elucidates the possibility for the implementation of trend-continuation trading strategies. Namely, bulls and bears alike may try to pick tops and bottoms as the Elliott cycle continues to evolve. [...]
The price action of crude oil is long overdue for a bearish correction, though geopolitical tensions are so far preventing it from happening. The escalating tensions near the Donbas border-region of Ukraine are high as Russia keeps on increasing its military presence on its own side of the border. The global energy market has thus been gripped for quite a while by the prospect of a Russian invasion. [...]
Gold's price action has been consolidating in a broad range for over half a year now, which is a confirmation of the very strong range-trading conditions that prevail at present. Under those conditions, bulls and bears may implement the highly effective strategy of picking the underlying range's tops and bottoms. And given that the price action is currently drawing near one of the range's extremes, bears may [...]
The most popular cryptocurrency in the world has been massively undervalued since late 2021 owing to a number of contributing factors. But upon closer examination, the price action appears to be establishing a massive Head and Shoulders pattern which, if realised, would entail the development of an even bigger downtrend in the long run. Nevertheless, this may also entail bulls with an opportunity to go long [...]
Following a prolonged consolidation within the boundaries of a narrow range, the price action of the EURUSD is finally attempting a major breakout. If proved successful, this could entail the beginning of a new massive uptrend.
Both currencies are affected by soaring inflation, with consumer prices in the U.S. topping a four-decade peak and headline inflation in the Eurozone reaching an all-time high. [...]
The rally of the Nasdaq reached a climax in late November, and ever since then, the price action of the index has been on the retreat. Currently, a minor bullish pullback appears to be developing, which would allow bears to utilise trend continuation trading strategies; chiefly, they would be able to sell the next peak in anticipation of continued price depreciation afterwards. [...]
The price of Ethereum plummeted sharply earlier today following a sweeping selloff in the crypto market. Over the last couple of days, Bitcoin , the benchmark cryptocurrency, fell by over 6 per cent.
There are multiple factors contributing to the selloff, with the most significant one being the temporary strengthening of the dollar. The greenback is currently advancing ahead of the release of the December [...]
Earlier today, the price of the commodity rallied on the latest tribulations in the global geopolitical sphere. The escalation of tensions in Kazakhstan unnerved markets, which were already worried by the prospects of a potential Russian invasion of Ukraine. This caused an upsurge in demand for energy, thereby causing oil to rise.
Nevertheless, the price action is currently probing a major resistance level [...]
The price action of Bitcoin, similarly to other prominent assets, has been consolidating around the Holidays owing to diminished trading activity. The cryptocurrency fell from the November peak and is currently threading just below the psychologically significant threshold at $50000.00.
The majority of cryptocurrency enthusiasts expect the crypto flagship to resume appreciating shorty as trading activity [...]