Month: May 2020

***Coronavirus fears are driving markets – cash fleeing to safe-haven currencies (CHF, JPY, USD). Stock markets down*** AUDUSD As suggested in yesterday’s chart analysis, price has reversed around the longer-term moving average and the 50.0% Fib level. AUDUSD is now looking indecisive and has formed a tight range at 0.6420-0.6465. …

***Coronavirus fears are driving markets – cash fleeing to safe-haven currencies (CHF, JPY, USD). Stock markets down*** AUDUSD The AUDUSD has been retracing some of the recent sell-off. Price is down-trending on higher time-frames, suggesting that the AUDUSD may move lower. The moving averages confirm this – they are bearish …

***Coronavirus fears are driving markets – cash fleeing to safe-haven currencies (CHF, JPY, USD). Stock markets down*** AUDUSD As suggested in Friday’s chart analysis, price has been bearish and has moved lower. The moving averages have crossed bearish and are widening, signalling that the downside momentum could continue. AUDUSD is …

Look out for these upcoming key releases. Hectic week ahead traders! 5th May 2020 TIME RELEASE PREVIOUS FORECAST 0430UTC RBA Interest Rate Decision 0.25% 0.25% TIME RELEASE PREVIOUS FORECAST 0545UTC Consumer Confidence Final Q2 -9.4 -40 0630UTC Inflation Rate YoY APR -0.5% -1.3% TIME RELEASE PREVIOUS FORECAST 1230UTC Balance of …

***Coronavirus fears are driving markets – cash fleeing to safe-haven currencies (CHF, JPY, USD). Stock markets down*** AUDUSD As suggested in yesterday’s chart analysis, the AUDUSD has reversed around the bullish channel resistance area and has formed a large bearish move. Price has been up-trending but the recent bearish move …