GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart...
This is quick forecast of EUR/USD price at year-end using simple technical analysis tools: support and resistance lines, and Simple Moving Averages indicator (which is standard indicator in Metatrader 4 and Metatrader 5) As we see from the charts below (W1 timeframe and MN1 timeframe for EUR/USD...
We are tracking this pair for long time and still believe that correction is due to retrace previous down-trend. In small time frame, we are expecting current move is a flat correction while one more leg up required to mark correction complete...
We don’t have a specific trade idea coming into the session, however we will be watching the German, French and EZ GDP prints for a possible opportunity if they all come out negative which will likely pressure the EUR and continue to build on the sentiment for additional ECB easing...
Industrial Production for September m/m (final): +1.1% m/m the preliminary was +1.0% prior (August) was -1.2% Industrial Production (final, September, D'uh :-D ) y/y: -0.8% y/y preliminary -0.9...
Daily Forecasts Spot Price* Last Update 1 Day 1 Week 1 Month EURUSD 1.0761 12/11/2015 1.0725 1.08 1.08 GBPUSD 1.5224 12/11/2015 1.5210 1.51 1.52 USDJPY 122.89 10/11/2015 122.75 123 123 AUDUSD 0.7139 12/11/2015 0.7115 0.71 0.70 USDCAD 1.3247 11/11/2015 1.3290 1.33...
BNP Paribas updated their forecast related to the EUR/USD price movement in long-term situation - they told the following: "we are somewhat sceptical on the EURUSD’s ability to test and break the previous 2015 low of around 1.0460." Well...
Morgan Stanley made weekly forecast for USD/CHF suggesting to buy at 1.0250 as take profit target with 0.9780 stop loss. Let's evaluate the situation related with this forecast with the technical point of view. USD/CHF: breakout with multiply resistance levels to be crossed...
GLOBAL AND U.S ECONOMIC FACTORS COULD DERAIL THE DECEMBER RATE HIKE --- The USD continues to advance against all pairs since the October Federal Open Market Committee (FOMC) statement put the December meeting back in play as a possibility of announcing a higher U.S. benchmark interest rate...
According to analysts from TD Securities today’s decision and documents from the Bank of England support the view of a rate hike at the May 2016 meeting...
Goldman Sachs made long-term forecast for AUD/USD for 2016 stated that the price will be continuing with the bearish trend up to 0.69 at year-end: Instrument Q1 Jan'16 Q2...
Strategists at Rabobank see the Bank of England hiking rates during the early months of 2017. Key Quotes “The money market is not fully priced for a BoE rate hike until early 2017”...
The pair Trend is Bearish on both Monthly and Weekly time frame. Actual price is ranging around FIBO 61.8 Level on both time frames. On Monthly time frame price bounced on the 200 LMA. Suggestion to stay neutral. A breakdown of the 200 LMA at 85...
Nomura made a forecast for NFP which will be issued this Friday expecting actual data to be 155K compare with 142K past data...
USD/JPY: ranging around reversal level. This pair is on bullish market condition for the ranging within the following key levels: 125.85 key resistance level located far above Ichimoku cloud in the bullish area of the chart, and 118...
AUDUSD has settled into a period of consolidation after yesterday's activity in Asia with a bid on the back of better than expected Chinese Caixan manufacturing PMI's for September at 48.3 vs 47.5 consensus and 47.2 previous...
The US central bank has clearly signalled that a first interest rate hike in December is not off the table yet. According to Thu Lan Nguyen, analyst at Commerzbank, the market is now focusing on US economic data, especially from the labour market...
Research Team at BBH, suggest that the market expectations for more monetary stimulus is running high after Draghi's press conference following the ECB meeting last month. Key Quotes “However, while many market participants view it as a done deal, it is not clear that a consensus has been forged...
