During the recent week, currency bulls tested the strength of the previously-broken lower border of a very short-term rising trend channel almost every day. Despite all these attempts and a breakout above the late-August highs they didn’t manage to invalidate the earlier breakdown. Will they try once again? Where can it lead them?

• Read more

Despite the Thursday’s closure below the lower border of the consolidation and the Friday's drop to the lowest level for more than two weeks, the bulls kept cool and reborn in recent days, erasing almost entire recent move to the downside. Will the pro-growth formation that is drawing on the horizon encourage them to fight for higher values of USD/JPY in the coming days?

• Read more

Last week’s price action took one of our currency pairs to a fresh 2018 low and another one created the right shoulder of the pro-bearish formation. We also noticed a verification of the breakdown, a consolidation and a test of important support area. What can we expect in the coming week?

• Read more

Earlier today, currency bulls tried to take EUR/USD above the upper border of the short-term declining trend channel, but despite their determination they failed for the second time in a row. Is this price action a repetition of what we have already seen at the end of July? Can the consequences also be similar?

• Read more

Wednesday's session caused a big headache among fans of higher values of AUD/USD. What happened? Australian dollar fell against its U.S. counterpart to the lowest level since 2016. Is the road to the south still wide open and further declines are waiting for us in the coming days?

• Read more