Forex

CADJPY

CADJPY climbing towards historical resistance

The Japanese yen's weakness is obvious across all its pairs, including against the Canadian dollar. The CADJPY has displayed a strong bullish uptrend after its breakout above the 92 price level, on a monthly time frame, and is now facing...
Singapore dollar

Singapore dollar weighing down the British pound

With an Aroon indicator on the chart of GBPSGD, we can look at the portions highlighted within the two circles and their corresponding trends in the chart above. The Aroon indicator is typically used for spotting trends and the strength...
AUDCAD

AUDCAD; battle of the commodity currencies

The AUDCAD pair has had an interesting year so far, with plenty of volatility. A bearish January was followed by a 600 pip rise during February and March. Then, in April, a 400 pip sell off completely reversed the trend....
digital currency nt

How far along is China into testing its digital currency?

Since launching the trial of its digital yuan program two years ago, China’s plan has so far become a cause of concern for many of the country’s critics highlighting how it could further fuel China's surveillance capabilities, although it has...

Chinese yuan rebounds on Shanghai reopening hopes

The Chinese yuan rose to one-week highs on Monday, fueled by expectations that Shanghai, the country’s financial hub, will soon emerge from a two-month lockdown that has crippled economic activities in the city and weighed on the country’s overall economic...
USDZAR

Is the South African Rand forging its own path against the USD?

The exotic pair of the U.S. Dollar to South African Rand (USD/ZAR) has not correlated strongly with other USD pairs since this year. In fact, the USD is down 1.3% against the ZAR since the beginning of the year, all...
EURUSD

Will EURUSD avoid its 2017 low?

The Euro has shown plenty of weakness against the US dollar since the beginning of the year. The last significant strength it showed was in the last week of January. Since then, it aggressively shot for its pre-pandemic prices in...
GBPJPY nt

Updated technical GBPJPY price forecast

Some long candles have begun presenting themselves in the GBPJPY daily chart recently, pushing and pulling this pair across a significant range over each trading session. This week, GBPJPY has swung between 156.30 and 161.80. As of writing, the GPYJPY...
USD

Has US inflation peaked and what this means for the USD?

After reaching a 40-decade high of 8.5% in March, many economists say the US consumer inflation rate has already peaked at that level after the latest print retreated to 8.3% in April. While this offers some hope for US households...
Join Now