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W1 price is is on bearish market condition located below 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the secondary ranging between 0.6084 Fibo support level and 0.6896 Fibo resistance level: Ascending triangle pattern was formed by the price to be crossed Fibo resistance level at 0...
Volkswagen lost the lead in global car sales to Toyota after claiming the first place three months ago, as the German car producer is getting used to negative consequences of a widening emissions-cheating scandal...
GBPUSD: GBP declined sharply the past week leaving risk of more weakness on the cards. While it holds and trades below its cluster of resistance zone at 1.5371/83, its outlook remains lower. Support lies at the 1.5250 level where a break will turn attention to the 1.5300 level...
On Monday the dollar was broadly lower, as markets paused after the greenback's broad rally sparked late last week by signs of potential easing in the euro zone and a surprise rate cut in China...
Near-term forecasts for the GBP to USD exchange rate suggests support is fast approaching. The British pound has been in retreat against the US dollar over the past 3 trading days ensuring those with an interest in the attainment of an October best at 1.60 and above have been thwarted...
Skandinaviska Enskilda Banken made intraday technical forecast for EUR/USD pair estimated new support level around 1.08 with stop loss at about 1.15: "With additional selling on Friday prices broke and closed below the March support line, the floor of the large bear flag...
Chinese premier Li Keqiang said China's authorities will not “defend to the death” its goal of 7% economic growth this year, a day after Beijing surprised markets by cutting interest rates for the sixth time in 12 months...
Trading recommendations and Technical Analysis – HERE! Despite the fact that the current week will be largely due to the remarkable number of scheduled economic news, the main the attention of the financial markets will be focused on the Fed's next meeting, to be held October 27-28...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and AUD/USD. EURUSD: We are struggling to see value in shorts at current levels. Sell at 1.1060, adding at 1.1085, with a stop at 1.1110...
Societe Generale made a weekly technical forecast concerning the EUR/USD: "Considering a largely negative close this week, EUR/USD will form an evening star, a candlestick pattern that signals possibility of down move...
Oil futures edged higher Monday as market players braced for a week of important economic events, but prices remained range-bound on signals that the world's stored oil was nearing capacity...
Payment for virtual hosting and trading signal subscriptions can now be done directly from the MetaTrader 5 Platform. You can pay from your bank card or via one of the payment systems: WebMoney, Paypal, Neteller and Netbanx...
European stocks edged lower Monday after mixed Ifo survey on German business conditions, easing from the two-month high they hit after China cut interest rates and the European Central Bank signaled more stimulus. Meeting of both the Federal Reserve and Bank of Japan are expected this week...
The upcoming week promises substantial volatility in the markets. Three policy meetings - from the U.S. Federal Reserve, Reserve Bank of New Zealand and Bank of Japan - will draw the most attention. The European Commission will release the economic growth forecasts that will be closely monitored...
Daily price was on the reversal from the primary bullish to the primary bearish market condition with the breaking key support levels: price broke Ichimoku cloud together with two 'reversal' Senkou Span lines and it was stopped to be below Ichimoku cloud in the bearish area of the chart within th...
We don’t have a specific trade call to begin the week, however we will continue to monitor news feeds and current developments for potential opportunities, and trade ideas. As always I suggest you start the week by reading my currency update to familiarize with the latest market changes...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, October 26th EUR/USD opened at 1.1005 in Asia and rose to 1.1032 to this moment. Last week, the single currency dropped to 2-month lows amid the speech of M...
