Emerging Market Currencies News

EUR/CAD Sell-off Slows Down

We could see levels as low as 1.4000 – 1.4100 early in September, however traders need to cross one last hurdle before this is possible.

Sell-off Accelerates As GBP/CAD Tumbles Below Support

On Tuesday GBP/CAD was sold throughout the day after rejecting off the resistance at 1.8220, closing below the 200-Day SMA with a large Bearish Engulfing bar, ultimately confirming that this downtrend is nowhere near exhaustion.

EUR/AUD Drops to Fresh 9-Month Low

Traders were quick to price in a fresh 9-month Lower Low for EUR/AUD as soon as the markets opened on Monday, giving a green light for more losses in the short term.

AUD/JPY going long

AUD/JPY triggers signal for a long term bullish trend set up and we would like to share it with you!

EUR/GBP completes inverted H&S

After today's UK data releases the EUR/GBP currency pair gave signals for major trend reversal confirming it with completion of Head & Shoulders formation.

EUR/AUD trading in wedge structure

EUR/AUD is about to complete an important wedge structure formation and we see an opportunity close to solid levels of resistance and support.

Odds Stacked Against AUD/CAD Bulls

AUD/CAD is starting the week with a strong bearish bias, signaling the formation of a lower high, ultimately confirming the Right Shoulder in the H&S chart pattern.

EUR/AUD Bears Face Shakeout Above 1.4450

Depending on the outcome and price action confirmations, the reaction we’re about to observe at 1.4450 could easily set the tone for the first half of August.

EURAUD Sustains An Important Break; More Upside Ahead?

The Euro continued to trade lower against other major currencies, but somehow managed to hold the ground the Australian dollar. However, the market still looks worried, which can halt the recovery in the EURAUD pair.

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