Daily Analysis of GBP/USD for March 21, 2016 The pair is currently working out a strong intraday bullish bias on the H1 chart, as it has been trading above the support level of 1.4423, which remains stable as a strong demand zone in a short-term basis...
EURUSD continued its climb higher last week after finding support at the key 1.1060 handle. This came after further action from the ECB on March 10th fueled a 400-pip rally that put the pair well above the area. The coming week offers a fairly tight range between new support at 1...
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...
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...
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...
Data in this report cover up to Tuesday Mar 15 & were released Friday Mar 18. Nomura: USD longs Dropped To July 2014 Low. "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...
Weekly Trading Forecast: Have We Seen a Seismic Trend Change for EURUSD, USDJPY, AUDUSD? The Dollar's tumble these past three weeks was given fundamental backing by the Fed's downgrade of its interest rate forecasts. Does this mark a definitive turn in trend for the majors and risk trends...
EUR/USD backed down from the post-Draghi highs only to shoot even higher on the Fed’s dovishness. The highlights for the upcoming week are the dual German business surveys as well as PMIs. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD...
The pound to dollar exchange rate saw a volatile week pass by, first moving lower after the budget delivered notable cuts to UK productivity forecasts. Sterling then rose as a result of the Federal Reserve revising down the amount it expects to raise interest rates in 2016...
This is the article "Strength and Comparison" for the coming week, the article "Ranking, Rating and Score" has also been published this weekend...
Here’s the market outlook for this week:: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bullish Price moved down between Monday and Wednesday then broke upwards – gaining 280 pips by Thursday, before correcting slightly on Friday to close at 1.1269...
