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Trading activity in #FOREX is slowly but surely reducing prior to Friday's U.S. labor market data. Meanwhile, #quotes still remain within a downward price channel. It is recommended to hold short positions. Find out more by checking out the Source Link...
AUD/USD interim uptrend of the last seven weeks remains in play and is challenging key MT trend resistance levels while remaining in the 6 month range, notes National Austrlia Bank (NAB...
GBP/USD Rebounds from 23.6% Fibo of February Sell-off 03 Maret 2016 10:10 AM The GBP/USD found takers at 1.4032 (23.6% of Feb high-low + 10-DMA) despite a horribly weak UK services PMI figure. Awaits US data The recovery to 1.4070-1...
Pound Falls As U.K. Services PMI Hits Near 3-Year Low 03 Maret 2016 5:13 PM The British pound weakened against the other major currencies in the early European session on Thursday, after data showed that the U.K. service sector activity fell to nearly three-year low in February...
The Canadian dollar has been one of the strongest performers within G10 over the past month. It is up over 4% against the USD since the start of February, with only JPY having performed better (up over 6% vs USD...
Analysis : Channel Up identified at 03-Mar-01:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.388 within the next 2 days. Supporting Indicators : RSI above 60 Resistance Levels...
Themes: reverting back to type as risks become localised. We have highlighted how the CHF is no-longer the “go-to” currency during recent bouts of global market volatility...
The price action on EURUSD is similar to that seen in October as the market re-assessed where it stood with the Fed and prepared for the Dec ECB meeting, notes CitiFX. "EURUSD has sustained the break below levels in the 1...
EUR/USD: Bearish: Take partial profit at 1.0810. EUR moved to a low of 1.0823 before rebounding to close almost unchanged for the day. Indicators continue to show sign of basing but any recovery is unlikely to move significantly above 1.0920. The overnight low of 1...
USDX Technical Analysis for March 3, 2016 The Dollar index continues to trade inside the upward sloping channel. With Non-Farm Payrolls expected to be announced tomorrow, any prediction is dangerous and traders should better stay on the sidelines...
Euro Rises Against Majors 03 Maret 2016 3:29 PM The euro strengthened against the other major currencies in the early European session on Thursday. The euro rose to 1.0873 against the U.S. dollar and 124.10 against the yen, from early lows of 1.0853 and 123.27, respectively...
EUR/USD Fades the Spike to 1.0880 Ahead of PMIs 03 Maret 2016 8:40 AM The upside momentum around the single currency is now losing some vigour, forcing EUR/USD to recede towards the 1.0865/60 band...
PipsFactory Strategy:- It depends on three indicators : PipsFactoryDaily : Drawing 10 Lines depends on Last Day. PipsFactoryWeekly : Drawing 10 Lines depends on Last Week. PipsFactoryMonthly : Drawing 10 Lines depends on Last Month...
Technical Analysis of USD/CAD for March 3, 2016 03 Maret 2016 2:05 PM General overview for 03/03/2016: As anticipated yesterday, the market has made the high for the wave b purple around the intraday resistance at the level of 1.3480 and then reversed...
Technical Analysis of EUR/JPY for March 03, 2016 Technical outlook and chart setups: The EUR/JPY pair seems to have formed interim bottom at 123.00 levels yesterday as expected. Please also note that 123.00 is fibonacci 0.50% support level of the rally between 122.00 and 124...
Technical Analysis of GBP/CHF for March 03, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be inching higher above trend line resistance, trading at 1.4050 levels now. The pair is soon approaching fibonacci 0.618 resistance of the drop between 1.4320 and 1...
Elliott Wave Analysis of EUR/NZD for March 3, 2016 Wave summary: This cross again did, what it has done many times lately. It stages the first minor signal that the correction in wave [ii] was over and then took a new dive to new lows, this is pretty confusing...
Elliott Wave Analysis of EUR/JPY for March 3, 2016 Wave summary: The rally from 122.08 seems to have topped at 124.36. The failure to take out the 125.01 high does indicate that a running triangle is developing, but not an expanded flat...
Technical Analysis of EUR/USD for March 03, 2016 When the European market opens, some economic news will be released such as French 10-y Bond Auction, Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, and Spanish Services PMI...
