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Trading sideways. • EUR/GBP is trading mixed. The technical structure remains negative as long as the resistance at 0.8530 (25/04/2017 low) holds. Expected to show continued weakness until...
Consolidating around 5-month high. • EUR/JPY's buying pressures are there. Strong resistance standing at 124.10 (15/12/2016 low) has been broken. Major support is given at 114.90 (18/04/2017low). Expected to see further...
Wide-open for further decline. • AUD/USD is trading below 0.7500. As long as prices remain below the resistance at 0.7608 (17/04/2017 high), the short-term technical structure is negative. Key resistance stands at...
Profit-taking. • USD/CAD has declined after failing to reach 1.3800. Hourly support can be found at 1.3411 (24/04/2017 high) then 1.3353 (20/01/2017 high). Expected to show renewed bullish pressures as...
Towards support at 0.9814. • USD/CHF is weakening. The positive shortterm technical structure has been invalidated. Expected to target support given at 0.9814 (27/03/2017 high). • In the long-term, the pair is still trading in...
Consolidating above former resistance. • USD/JPY is now slowing down since the pair reached resistance given at 112.20 (31/03/2017 high). Hourly support can be found at 110.88 (26/04/2017 low). Stronger support is located at...
Slight increase. • GBP/USD is trading mixed. Hourly resistance given at 1.2966 (30/04/2017 high) has been broken. Hourly support can be found at 1.2757 (21/04/2017 low). An unlikely break of this...
Trading sideways. • EUR/USD is trading higher. Hourly support is given at 1.0875 (04/05/2017 low) then 1.0682 (21/04/2017 base). Stronger support can be found at 1.0494 (22/02/2017 low). Expected to...
EUR/USD The pair jumped into the area above 1.1000, but not for a long time. Pressure on the euro may continue throughout the day. Now the pair is moving to the area of the support level at 1.0955/50. The break below it will cause the movement to 1.0930 and more significant level of 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, May 8th Today France continues to celebrate Emmanuel Macron’s win in the presidential election with 63.85% of votes against his far-right opponent Marine Le Pen, who gained 36...
The general weakening of the US dollar, observed on Friday, helped the oil prices to adjust at the end of last week. The price of Brent oil after reaching a new local minimum during the Asian session of Friday near the level of 46...
EUR/USD: Bullish: Next target at 1.1050 followed by 1.1120. While EUR finally broke above 1.1100, the lack of acceleration higher after the breach came as a surprise (high of 1.1022 early this morning...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bullish Monday to Wednesday saw price go sideways before climbing on Thursday and almost reaching the resistance line at 1.1000...
CRUDE OIL: With the commodity halting its weakness to close higher on a rejection candle on Friday, further bullishness is likely. On the downside, support resides at the 46.00 level where a break will expose the 45.50 level. A cut through here will set the stage for a run at the 45.00 level...
EURUSD: With the pair continuing to hold on to its upside pressure, more strength is envisaged. Resistance comes in at 1.1050 level with a cut through here opening the door for more upside towards the 1.1100 level. Further up, resistance lies at the 1.1150 level where a break will expose the 1...
First, a review of last week’s forecast: - Recall that the experts’ opinions on EUR/USD a week ago were divided almost equally: 35% supported the growth of the pair, 30% voted for its fall and 35% foresaw a sideways trend...
USDCHF: The pair closed lower the past week leaving risk of more declines on the cards in the new week. On the downside, support lies at the 0.9800 level. A turn below here will open the door for more weakness towards the 0.9750 level and then the 0.9700 level...
U.S. Federal Reserve Chair Janet Yellen said on Friday that barriers and challenges for women in the workplace, if not addressed, will hamper U.S. economic growth...
The euro hit its highest level in roughly six months against the U.S. dollar on Thursday as traders looked beyond the French elections to the potential for the European Central Bank to signal further reduction in bond-buying, while the greenback was steady against the yen. The euro jumped to $1...
After crude-oil prices took a beating over the past week, falling to their lowest level since before OPEC-led a deal to curb output in November, analysts at Goldman Sachs say crude may reaching a “capitulation” point...
