Oliver Harvey, Macro strategist at Deutsche Bank, reviews the G10 currencies based on technical measurements to determine which one are the most favourable to trade, noting that while AUD/USD is the most trending currency, the pair appears very stretched from both RSI and RR measures...
Analysts at Kshitij Consultancyshare the technical outlook for AUD/USD. Key Quotes “As it turns out, the intra-day Resistance at 0.7842 mentioned yesterday on the Aussie (0.7775) held well possibly reinforcing the overall downtrend.” “Layers of Resistances coming up overhead now (0.7842, 0...
Talking Points: USD/JPY Technical Strategy: Flat Support: 118.96, 118.10, 116.76 Resistance: 120.82, 121.91, 123.88 The US Dollar may be readying to resume its advance against the Japanese Yen after prices cleared resistance at the top of a two-month-old Triangle pattern...
Talking Points: GBP/USD Technical Strategy: Flat Support: 1.5171, 1.4980, 1.4750 Resistance: 1.5322, 1.5551, 1.5737 The British Pound is consolidating after retreating from resistance at the top of a falling channel guiding the down trend against the US Dollar since mid-September...
Talking Points: EUR/USD Technical Strategy: Flat Support: 1.1318, 1.1185, 1.0970 Resistance:1.1533, 1.1659, 1.1832 The Euro is stalling after rising against the US Dollar as expected having produced a bullish Morning Star candlestick pattern. Near-term support is at 1.1318, the 14...
The relative strength index or RSI is probably the most popular oscillator used by the FX trading community. It was developed by J. Welles Wilder Jr. to gage the strength or momentum of a currency pair...
AUD/USD: Short One short position with a traling stop is still open for the last two weeks. See for more information my weekly reviews on my strategy pubished in the last 2 weeks...
Judging from flows, investors should consider selling the EUR anyway, advises CitiFX. "Turnover is running over twice the recent average, with real money and leveraged names leading a 52% bias to the downside," Citi notes. "A push through support in the 1...
The “Misery” Index Falls to an 8 Year Low (Pragmatic Capitalism) see also Fed’s Rate Dilemma: Job Gains vs...
Talking Points: - Eurogroup meets on Wednesday to discuss Greek debt issues. - Troika representatives will be present at the meeting. - Talks of a 6-month extension have helped lift EUR/USD...
Barclays is a British multinational banking and financial services company headquartered in London. It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards...
Our strategy on Spread Trading is going very well and we are fixing all rules. For now we are studing GBPJPY vs GBPUSD and I advise you to follow us to get more informations. Follow the system here: http://mql5.com/52jd...
Camilla Sutton, Chief FX Strategist and Managing Director at Scotiabank noted the forthcoming meeting between Greece's FM and the Eurogroup this Wednesday...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD. EUR/USD: Although the heavy tone continues, support has held well around 1.1260-70 since the end of January. Sell rallies toward resistance at 1.1420-40...
US DOLLAR TECHNICAL ANALYSIS Prices may be preparing to decline after prices put in a bearish Evening Star candlestick pattern. Negative RSI divergence reinforces the case for a downside scenario. Near-term trend line support is in the 11740-73 area, marked by a rising trend line and the 14...
The Growth Aces Research Teamshares the trade setup for GBP/USD, further adding that Thursday’s BOE’s inflation report might be supportive for the cable as markets might reassess its rate hike expectations...
Camilla Sutton CFA, CMT, Chief FX Strategist at Scotiabank, explains that USD/CAD is stuck in the 1.2352 to 1.2564 range, and is looking at oil prices and WTI’s ability to break and close above 50‐day at 53.51 levels for direction. Key Quotes “CAD is down 0...
On Thursday the Bank of England will release its February Inflation Report, whichGoldman Sachs expects that it will deliver a modestly hawkish message to the market...
Focus of the day: "The Greek government and European authorities are far from any potential agreement, with still very different positions, although we have seen some steps in the right direction...
