Dear Traders, This week will be one of the most important and decisive weeks for currency traders. Not only do we have the European Central Bank which is forecast to boost stimulus, but also the U.S. Payrolls data could be a guide for the Federal Reserve's monetary policy decision on their Dec...
The multi-month low of 1.5025 was updated in #GPBUSD and another important support level is not far. Despite the strong dollar, the British currency feels more or less comfortable in relation to other competitors. Find out more by checking out the Source Link...
#Gold reached the new low for the past 5,5 years, which is a very important factor. Despite the increase in geopolitical tensions, the yellow #metal is not receiving support. It is recommended to hold short positions in order to achieve the level of $ 1,000 per troy ounce...
This #trading week in #Forex is called the most important week of the year, as things that may happen in the coming days will have a long lasting impact on the #financial #markets. The historical #Fed meeting may cause a strong #dollar rally. Find out more by checking out the Source Link...
EURCHF WEEKLY: New bullish trend in closing bar. This could be an opportunity to enter long with TARGETS: 1,09235 - 1,09948 - 1,10660 GBPJPY WEEKLY: New Bearish trend in closing bar...
The price is on bearish breakdown crossed 1.0616 support level of descending triangle pattern for the bearish trend to be continuing with 1.0461 level as the nearest real bearish target...
Despite the generally weak undertone in EUR/USD, only a daily closing below 1.0580 would indicate the start of a fresh bearish phase, says UOB Group. "For now, we remain neutral but the downward pressure will continue to increase unless there is a move back 1.0640 in the next few day," UOB adds...
Skandinaviska Enskilda Banken (SEB) made a forecast related to EUR/USD with the stated that the pairs will be in more ups and downs: the price will break 1.05 and 1.04 support level before go up to 1.0830...
The EURUSD continues to lose ground and as we can see in the chart below, all recent retraces back up to the 8 day EMA have resulted in reversals and lower lows...
GOLD: Having closed lower the past week GOLD bearishness remains intact. However, a corrective recovery higher could occur if it fails to push further lower in the new week. On the upside, resistance resides at the 1070.00 level where a break will aim at the 1080.00 level...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited (https://www.tallinex.com) EURUSD Dominant bias: Bearish EURUSD consolidated to the downside last week, which occurred in the context of a downtrend, and there are resistance lines at 1.0750 and 1...
The main reason investors abandon gold now seems to be a looming U.S. rates increase, however one influential analyst suggests there is a bigger threat to gold. It is mine supply that will keep growing...
At the H4 chart of USD JPY, the sideways correction continues. Hammer pattern indicates an ascending movement...
Europound has rebounded from the retracement of 38.2% twice, which means that it may start a new descending movement. It looks like in the nearest future the market may continue its decline towards the group of lower fibo-levels at 0.6875...
EURUSD: With the pair closing slightly lower the past week, its broader risk points lower to the 1.0519 level. EURUSD looks to retarget the 1.0519 zone which is consistent with its long term downtrend bias. However, a recovery may occur especially now that is approaching its key supports...
The Currency Score Difference analysis is the more extensive explanation on the Currency score analysis which was published earlier this weekend. Besides these analyses and the corresponding charts I also provide the Forex ranking and rating list...
EUR: Draghi’s Time to Shine. All eyes will be on the ECB this week, as front end rates have been a key driver of the currency. We expect further rate cuts from the ECB, as well as an increase in QE...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier this weekend. Besides this analysis and the corresponding chart I also provide the Forex ranking and rating list...
In USDJPY analysis at first I would like to discuss H4 timeframe. After the shake-out which was also a stopping volume for mark-down movement, the price started to move sideways within trading range. This was a wide trading range...
Besides the Ranking and Rating list provided here I will also prepare this weekend the Weekly Currency Score list which will support my analysis for trading in the coming week...
