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“When Theory meets Practice” – week 21st – 26.05.2019

  This week (19-25.05.2019) I analysed two currencies of countries on opposite sides of the globe and predicted their exchange rate against the US dollar. It was the Australian dollar (AUD) and Swiss franc (CHF)....

EUR/GBP – exchange rate strengthens for the 15th day in a row – 24.05.2019

Euro to pound quotations on the following days close 'green'. As can be seen in the EUR/GBP daily graph below, during these increases, buyers managed to overcome a key resistance zone / consolidation constraint...

GBP/NZD – a change of trend is in the pipeline? – 23.05.2019

The GBP/NZD chart on the daily interval starts to look interesting. This year we have witnessed a stable upward trend. The weakness of the New Zealand currency was mainly related to the trade conflict...

EUR/CAD – tests the 2017 upward trend line – 22.05.2019

The EURCAD exchange rate has been collapsing for two weeks and has previously tested the horizontal resistance of 1.5180. As part of the EUR/CAD falls, price have once again reached the upward trend line...

GBP/AUD – supported by the 61.8% abolition of last growth impulse – 21.05.2019

The GBP/AUD currency pair has been stuck in the 760-pips range since March. In the second half of April, there was a rebound from the support of this range at 1.8100, and in May...

USDCHF in an Inside Bar – 21.05.2019

USDCHF - since the beginning of the year, the pair has been in a bullish trend and on 26.04 set the maximum for that year at 1.0236, gaining 520p. After reaching this year's maximum,...

British Pound to New Zealand dollar (GBP/NZD) below the trend line. Time to change...

The GBP/NZD exchange rate has weakened since the test of the level 2.000, when the daily candle closed with a long wick. The declines have now brought GBP/NZD to the key support zone. As you...

AUDUSD – time for a correction – Scott Morrison wins the elections – 20.05.2019

AUDUSD: The last few months have not been the best for the Australian dollar. Tension between the USA and China caused by the increase in import duties to the USA and the announcement of...

“When Theory Meets Practice” – week 20th – 18.05.2019

Last week I analysed the British Pound in pair with the American dollar (GBP/USD) and the Japanese yen (GBP/JPY). In both analyses, I discussed Price Action formation - Inside Bar. The direction of the...

iFX EXPO 2019 – the biggest forex event next week!

Already on 21-23 May, Cyprus' Limassol will become the world's currency market capital. According to the organisers, the iFX EXPO 2019 event is expected to be visited by more than 3000 professionals representing Forex...

The exchange rate of the Euro strengthens to the Pound for the ninth day...

The exchange rate of the euro strengthens to the pound for the ninth day in a row. Where can the EUR/GBP continue to go? The Euro/Pound exchange rate (EUR/GBP) has been consolidating over the previous...

GBPJPY – price breaks out from Inside Bar – bearish scenario – 16.05.2019

GBPJPY - Since the end of February this year, the pair has been moving in a less and less extensive consolidation, drawing a triangular pattern on the chart. The first attempt to exit the...

GBP/JPY – a breakout from the Inside Bar will indicate the direction? – 15.05.2019

The GBP/JPY currency pair quotes are continuing their downward momentum this week, which developed after the breaking of the key support at 143.84. As can be seen in the daily chart below, the price...

AUDCAD – direction South? – 14.05.2019

The AUD/CAD pair quotations on the daily chart look very technical. Recently there has been a breakdown in the system of the increasing lows. A temporary re-test to this level also ended with a...

GBPUSD – under supply pressure – 14.05.2019

GBPUSD - a currency pair susceptible to situations around Brexit, so be very careful, keep track of UK news and secure your orders with Stop Loss . Nearly 200p candle from 3 May created...