EURUSD: The pair tumbled lower on Thursday following a loss of upside momentum. This development leaves EURUSD targeting further downside pressure in the days ahead. Support lies at the 1.1300 level. Further down, support comes in at the 1.1250 level where a violation will aim at the 1.1200 level...
EUR/USD: Dollar's Strength Leads in the Short Term EUR/USD Current Price: 1.1341 The dollar recovered the ground lost these last few days against all of its European rivals, trading generally higher across the board, but against the Japanese yen, as risk aversion took over financial markets...
GBP/USD Revisits 1.4500 After US Data GBP/USD edged a tad higher and trimmed intraday losses at the beginning of the New York session, despite data showed US initial jobless claims dropped more than expected last week...
Oil Loses Steam, Drops to Session Low on Profit Taking WTI crude oil is extending its profit taking move from nearly one-year high level of $51.64 and is currently trading near session low. A sudden bout of buying interest in the greenback seems to exert downward pressure on the black gold...
EUR/USD: Levels, Ranges, Targets DXY and EUR/USD both trade below descending yet massively solid trend lines and its why 97 DXY and 1.1552 EUR/USD are vital breaks. The point at 1.1552 explains also why price saw the current retreat...
EUR/USD Slips Below 1.1350 ahead of US Jobless Claims The US Dollar recovery from lower levels now seems to gain further traction, with the EUR/USD pair now sliding further below 1.1400 handle. The pair extended its slide and broke through 5-day SMA support and 1...
NZD/USD is Hitting a Ceiling Although the 50- and the 200-period SMAs are positively aligned, the upside in NZD/USD has stalled in recent trading...
DXY Could Slip Towards 92.00 – Westpac In view of Richard Franulovich, Strategist at Westpac, the greenback could extend its drop to the 92.00 area...
EUR/JPY Fast Approaching 120.00 Psychological Mark Bears tightened their grip on the EUR/JPY cross as the pair has dropped back below 121.00 handle and gradually heading towards 120.00 psychological mark...
NZD/USD Bullish, Could Visit 0.7190 – UOB Analysts at UOB Group believe the Kiwi dollar could edge higher towards the 0.7190 area in the next weeks. Key Quotes “We turned bullish on Monday with an immediate target of 0.7000...
Pre US Open, Daily Technical Analysis Thursday, June 09, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: turning down. Pivot: 1.1415 Most Likely Scenario: short positions below 1...
FxWirePro: GBP/CAD Faces Strong Support at 1.8350, Good to Buy at Dips Major support -1.83450 The pair has recovered after making a low of 1.83498 at the time of writing and slightly recovered from that level. It is currently trading around 1.84226. GBP/CAD minor intraday resistance is around 1...
FxWirePro: ETH/USD Faces Strong Resistance at $14.85, Good to Buy at Dips Major intraday support - $13.20 (21 day MA) Major resistance- $14.40 The pair has broken major resistance $14.40 (May 31st high) and jumped till $14.75 at the time of writing. Ethereum short term resistance is around $14...
GBP/USD Bounces Off Lows, Regains 1.4470 After briefly bottoming out in the 1.4450 area, GBP/USD has managed to regain some pips to the 1.4465/70 band. GBP/USD lower on USD-buying, Gilts The daily decline in GBP seems to have found some support in the mid-1...
EUR/USD Visiting Fresh Lows Around 1.1350 The common currency is accelerating its downside today, now dragging EUR/USD to fresh daily troughs in the mid-1.1300s...
Dollar Hits a Speed Bump - Investec Research Team at Investec, suggests that the EU referendum is two weeks away today, but for once the stand out currency market move is not the Pound, but the Dollar...
AUD/USD Inter-Market: Looking for a Test of 0.7300? The AUD/USD pair halted its three-day winning streak and fell sharply this Thursday, having eroded almost 80-pips so far...
NZD/USD Strong Rally Halted at 0.7150, Now Trading Sub-0.7100 The NZD/USD pair has given up some of its RBNZ status-quo monetary policy led up-move and has now dropped below 0.7100 handle. Earlier on Thursday, RBNZ surprised markets by leaving its benchmark interest rate unchanged at 2.25...
WTI Drops to Lows Near $50.70 After hitting fresh 2016 highs in the $51.70 area per barrel, the West Texas Intermediate is now grinding lower towards the $50.75/70 band...
