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Currency Trading Research

We have been bearish of the euro in recent articles and we have seen a decent sell-off to the downside but there is still far more downside to come in our view – our roundup of the sentiment fundamentals and technical levels below

USD/CNH has continued to move to the upside as expected but the move is not over and we expect far more upside for the reasons outlined in the article below...

In this article we will give the outlook for AUD/USD, NZD/USD, USD/ZAR, and USD/SGD – The first three are all commodity currencies and Yuan proxies and the latter is a Yaun proxy highly sensitive to global growth contraction or expansion. The Chinese economy is slowing and so too is the global economy which points to a stronger USD.

We have been bullish of USD/CNH in recent articles and we have seen some decent upside and there is far more to come in our view. Also, a stronger USD on the CNH will weigh on all correlated Yaun currencies the AUD, NZD, SGD, and ZAR.

We had the Bank of England last week and as we expected GBP/USD sold off and we are expecting more downside in the coming weeks with any rallies being selling opportunities.

In terms of USD/JPY we could be on the verge of a major trend reversal our reasoning and logic in the enclosed articles with the key levels of support and resistance to look out for below...

In the article below we look at the outlook for USD/CAD – The USD has firmed up and we think it's going higher against the majority view which is for a lower USD. Our logic and view of the key technical levels in the article below...

In terms of Gold, we look at the fundamentals, sentiment, and technicals in this article and our view is that Gold could be on the verge of making a big move to the downside.

The market is heavily long the EUR/JPY but the upside from here is limited and a major break lower is expected. Our logic of the trade in the enclosed article...

The Russia-Ukraine war on its outbreak created major volatility in Forex markets but recently this conflict has been ignored by financial markets. We are now at a critical stage of the war and could see an escalation that in our view, will have a major impact on the Forex markets. The impact of the war if it escalates will hurt European currencies and one in particular is vulnerable USD/PLN which is at the end of this article with levels to watch.

In terms of the outlook for AUD/USD, we have been bearish in recent articles the AUD has fallen but there is far more downside to come in our view...

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