The strongest quant signal this week is long EUR/USD targeting 1.1108, data from BNP Paribas STEER showed on Monday. (Source: BNPP STEER™, eFXplus™) - First recorded on 'eFXplus Quant' on Mon 3/7 at 09:53 AM ET PS: Copy signals, Trade and Earn on Forex4you - https://www.share4you.com/en...
Calculated levels today: Support (S1 / S2 / S3 = 1.1025 / 45/78), resistance (R1 / R2 / R3 = 1,0959 / 39/06). Key support levels (1st from 1.0972 to 1.0984 late in the day, the 2nd of 1.0941 to 1.0972...
The Canadian and Australian dollars soared versus the U.S. dollar in recent sessions, underpinned by a sharp recovery in select commodities, namely oil and iron ore. The loonie earlier Monday posted high levels last seen in mid November, while Aussie posted highs last seen in July 2015...
EUR/USD: Neutral: Bullish only if daily closing above 1.1005/10. The daily closing of 1.1012 was just a few pips above the critical 1.1005/10 mentioned in recent updates...
The result of the upward retracement in #EURUSD observed in the last few days, was the achievement of the 38.2% Fibo level from the last wave of decline. The bulls could not overcome this level even from the second attempt, which may give the sellers the chance to resume the reduction...
Trading in #USDCAD remains within a downward price channel. It should be noted that the key factor of support for the loonie is the growth in #oil prices. Thus, the price of Brent futures exceeded the mark of 40 dollars per #barrel. Find out more by checking out the Source Link...
Answer to the key question - "Will ECB add further monetary stimulus or not?" could earn you millions if you get it right with sizable exposure. However price action, surrounding EUR/USD are suggesting traders aren't so sure of what ECB would actually do...
Daily Analysis of Major Pairs for March 8, 2016 EUR/USD: Beyond a reasonable doubt, there is a bullish signal on the EUR/USD pair. In spite of attacks from bears, the pair managed to trade higher on Monday, forming a Bullish Confirmation Pattern in the chart...
Elliott Wave Analysis of EUR/NZD for March 8, 2016 Wave summary: The pair is currently testing the resistance line from a high of 1.7222 near 1.6304. A clear breakout above this resistance line will be the first firm indication that wave [ii] has been completed with the test of 1...
GoldTtechnical Analysis for March 8, 2016 Gold remains supported inside the bullish channel boundaries and this implies that at least one more new higher high should be hit. The target area remains around $1,300-$1,320, but this does not mean that we could see a top at lower levels...
Research Team at Goldman Sachs, suggests how risk should be expressed heading into the ECB meetings. Key Quotes “The uncertainty over a further flattening of the German Bund n curve is too high (not to mention the valuation argument...
Technical Analysis of USD/CAD for March 8, 2016 General overview for 08/03/2016: Another local low was reached as the wave (c) develops further. Nevertheless, a bullish divergence, which is being formed between the momentum oscillator and the price, indicates a possible trend reversal...
Technical Analysis of EUR/JPY for March 8, 2016 General overview for 08/03/2016: The market is still trading inside of the neutral zone and there is still a chance for a possible leading diagonal structure to develop. This scenario is valid as long as the level of 123.09 is not violated...
The indicator is added a new feature - displays the price channel boundaries in history. Price "walk" from one border to the other, some pushing and returning it back. A trader can use the touch points of the channel price in their trading strategies...
After months of yen appreciation, the BOJ’s new policy measures initially saw weakness on the yen, however this quickly turned as a result of risk aversion with the USDJPY falling over 1000 pips since the January 29 high...
There are many myths and stereotypes about automated trading, especially nowadays when automated trading and automation in general is on the rise. Many of them, unfortunately, are still supported by bad developers. What are the most common myths and stereotypes about automated trading on Forex...
Technical Analysis of EUR/USD for March 08, 2016 When the European market opens, some economic news on the Revised GDP q/q, French Trade Balance, French Gov Budget Balance, and German Industrial Production m/m is due to be released...
Technical Analysis of USD/JPY for March 08, 2016 In Asia, Japan will release the Economy Watchers Sentiment, Consumer Confidence, 30-y Bond Auction, Final GDP Price Index y/y, Bank Lending y/y, Final GDP q/q, and Final GDP q/q...
The strong risk rally of the last few days seems to have stalled pre-ECB, as China promise to deliver took commodities on a steep rally yesterday, on Thursday ECB will need to deliver on their promise. Expectations are high ranging from expansion of QE to corporate bond buying...
