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Indian Rupee Erases Previous Gain Against US Dollar, Intraday Bias Remains Bullish USD/INR is currently trading at 66.55 marks. It made intraday high at 66.55 and low at 66.46 levels. Intraday bias remains bullish for the moment. A daily close below 66...
FXWIREPRO: EUR/JPY Capped Below 10-Dma at 125.75, Momentum Bearish EUR/JPY is extending decline, sees strong trendline resistance at 126.20. Some rumors of a possible BOJ's intervention, lead to a slide in the Japanese currency by the end of the week...
FXWIREPRO: Nikkei225 Faces Major Resistance Around 17000, Good to Buy at Dips Major resistance - 17000 The index has slightly recovered after making a low of 16569. It is currently trading around 16664.Short term trend is bullish as long as support 16500 holds...
Long USD Positions Reduced Sharply - ANZ Irene Cheung, Senior FX Strategist at ANZ, lists down the CFTC speculative positioning for the week ending 15 March 2016. Key Quotes • “Leveraged funds reduced their net long USD positions sharply by USD6.2bn to USD7.5bn for the week ended 15 March...
EUR/USD: Techs Hint Potential Bullish Continuation - FXStreet EUR/USD has managed to find buying interest off 1.1250 session lows, with the price setting highs of 1.1280/85, as risk sentiment is moderately worse, an environment that has underpinned the Euro as part of its funding currency profile...
AUD/NZD Making Higher Highs in the Recovery AUD/NZD has hunted down the 1hr 100 sma at 1.1226, but has since settled back on the 200 sma on the same time frame at 1.1199. AUD/NZD is in a recovery drift and hence that price action, working its way up in a grind from recent lows at 1...
NZD/USD: Three-Month Outlook - Westpac Imre Speizer, analyst at Westpac explained that the Federal Reserve downgraded its interest rate projections last week, hurting the US dollar and thus boosting NZD/USD and offered a three-month outlook. Key Quotes: "We expect NZD/USD to fall towards 0...
USD/JPY: Headed to 106.63 on Break of 111.00? USD/JPY has been a downside play in Tokyo below the half way point of the 111.0 handle and diverging away from the 20 1hr sma at 111.43 at the start of this week's session in Asia...
China A50 Futures Flat ahead of Shanghai China futures (A50 FTSE - benchmark for investors to access the China domestic market through A Shares – ) is trading flat following the positive close in Wall Street last Friday, and ahead of the Shanghai Composite, due to open at 1.30GMT...
USD/CNY Fix Model: Projection at 6.4810 - Nomura Nomura's model projects the PBOC fix to be higher by 182 pips from the previous fix (6.4810 from 6.4628) and higher by 83 pips from the previous spot USD/CNY official close 6.4727...
USD, JPY Net Longs Fall, GBP Shorts Cut - Nomura As Nomura notes, according to the IMM data for the week ended March 15, non-commercial accounts sold USD to the tune of -$1.7bn, bringing positioning in USD to $9.5bn...
EURUSD Daily Forecast: March 21 2016 EURUSD Forecast The EURUSD continued its bullish momentum last week topped at 1.1342 but still unable to stay consistently above the trend line resistance as you can see on my H1 chart below. The bias is neutral in nearest term...
GBPUSD Daily Forecast: March 21 2016 GBPUSD Forecast The GBPUSD attempted to push lower last week, slipped below 1.4130 but whipsawed to the upside and closed higher at 1.4482. The bias is bullish in nearest term testing 1.4580. Immediate support is seen around 1.4400...
USDJPY Daily Forecast: March 21 2016 USDJPY Forecast The USDJPY had a bearish momentum last week slipped below 110.96 but still unable to make a clear break and consistent move below that area so far...
USDCHF Daily Forecast: March 21 2016 USDCHF Forecast As expected, the USDCHF had a bearish momentum last week bottomed at 0.9650. The bias remains bearish in nearest term testing 0.9600 – 0.9570 region. Immediate resistance is seen around 0.9730...
We Can Now Reflect on the FOMC - ANZ Analysts at ANZ explained that with the benefit of a couple more days and the fact that markets have settled somewhat, it is little easier now to reflect on the Fed’s decision and surprise dovishness last week...
EAs can assist traders and here are the results to prove it. March 16 is another banner day for us. We closed a record of 9 consecutive winning trades for a total profit of 300 pips...
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits...
Pivot Points Hourly Last Updated: Mar 21, 6:15 am +03:00 Symbol S3 S2 S1 P R1 R2 R3 EUR/USD 1.12689 1.12746 1.12771 1.12803 1.12828 1.1286 1.12917 USD/JPY 111.099 111.2 111.257 111.301 111.358 111.402 111.503 GBP/USD 1.44306 1.44398 1.44442 1.4449 1.44534 1.44582 1.44674 USD/CHF 0.96803 0.96852 0...
