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Choppy trading. • USD/CAD has broken resistance area around 1.3400 which invalidates the short term bearish technical structure. Hourly support is given at 1.3265 (21/03/2016 low) is at stake. Key support...
Finding demand. • USD/CHF has gained significant momentum. Hourly support is given at 1.0039 (07/04/2017 base low) then 0.9814 (27/03/2017 low). Key resistance can be found at a distance at 1.0171...
Moving sideways. • USD/JPY is consolidating below resistance at 112.20 (31/03/2017 high). Stronger resistance can be located at 113.57 (16/03/2017 high) while support is given at 110.11 (27/03/2017 low...
Pushing lower. • GBP/USD remains weak near the support at 1.2334, indicating persistent selling pressures. Hourly resistance is located at 1.2469 (07/04/2017 high...
Downside pressure builds. • EUR/USD has broken the key resistance at 1.0679 (02/16/2017 high). Hourly support can be found at 1.0570 (intraday low). Stronger support can be found at 1.0494 (22/02/2017 low...
The U.S. dollar traded higher against most of the major currencies this past week. Unfortunately the strength was driven by risk aversion and not healthier data. This can be confirmed by the fact that the Australian dollar was the worst performer and the Japanese yen the best performer...
Current dynamics The ambiguous US macro statistics released last week, as well as the growing geopolitical tensions in the Middle East after the US missile strike in Syria, have led to an increase in volatility in the foreign exchange market...
Since the beginning of the month, the DJIA index is moving, basically, in the range between the levels 20550.0 (EMA50 and the bottom line of the uplink on the daily chart) and 20750.0. The middle zone is the levels 20668.0 (EMA200 on the 1-hour chart), 20652.0 (EMA200 on the 4-hour chart...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bearish Last week saw price move sideways from Monday to Friday before falling and closing below the resistance line at 1.0600 (almost reaching the support line at 1.0550...
GOLD: The commodity faces downside pressure after rejecting higher prices the past week. as it retains its medium term uptrend. On the downside, support comes in at the 1,250.00 level where a break will turn attention to the 1,240.00 level...
Consider the Federal Reserve the Starship Enterprise of monetary policy: It went where no central bank had gone before, and now must plot the journey home. The Fed already has begun one leg of the trip, as it has started raising interest rates from financial crisis-era lows...
Plans by the U.S. Federal Reserve to pare back its balance sheet should not be seen as a surprise with a reshuffle at the central bank likely in 2018, Goldman Sachs' chief economist has told CNBC Thursday. "I think it makes some sense...
The Federal Reserve recognizes the substantial infrastructure spending plans pledged by U.S. President Donald Trump as the real pillar to the economy, Nomura's chief economist told CNBC on Thursday...
EURUSD: With the pair weakening further the past week, more decline is envisaged in the new week. Resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0700 level. Further up, resistance lies at the 1.0750 level where a break will expose the 1...
EURUSD: With the pair weakening further the past week, more decline is envisaged in the new week. Resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0700 level. Further up, resistance lies at the 1.0750 level where a break will expose the 1...
The EUR/USD pair is ending this week at its lowest in three, despite the release this Friday of a disappointing March Nonfarm Payroll report...
USD/SEK is an exotic pair. SEK is the Swedish Krona. Sweden has a strong economy. In the last few days USD/SEK has been in a strong uptrend. Read this post in which I explain in detail a recent USD/SEK long trade with stop loss 26 pips. Take profit is 2300 pips...
First, a few words about the forecast for the previous week, which has been fulfilled if not by 100, then by 90 percent for all four pairs: - Regarding the forecast for EUR/USD, it proved to be 100% accurate...
Hey buddy old pal/amigo! Still not making 1k/Day with binary options? Trading binary options can be easy if you know how. My name is George and am writing a binary options review blog here at http://trackrgadget.club...
