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Likely to further decrease. (Yann Quelenn ) • EUR/CHF still lies in a bullish trend. Yet, downside pressures are likely to accelerate. Strong resistance lies at a distance at 1.1623 (22/09/2017 high). Support is given at 1.1388 (02/09/2017 low). Downside risk is very likely...
Bearish pressures. (Yann Quelenn ) • EUR/GBP's weakness is only a consolidation. The pair is back below former resistance at 0.8899 (19/09/2017 low). The very short-term technical structure is now biased to the upside. Hourly support is given at a distance at 0.8746 (27/09/2017 low...
Consolidating below 0.79. (Yann Quelenn ) • AUD/USD has surged and is now pausing below 0.7900. Hourly resistance is given at 0.7897 (13/10/2017 high). Support lies at at 0.7733 (06/10/2017 low). Expected to show continued increase. • In the long-term, the trend is turning positive...
Middle of rising channel. (Yann Quelenn ) • USD/CAD continues to bounce within uptrend channel. Strong support is located at a distance at 1.2062 (08/09/2017 low). Hourly support lies at 1.2331 (26/09/2017 high). Resistance is given at 1.2663 (31/08/2017 high...
Pushing higher. (Yann Quelenn ) • USD/CHF is trading within uptrend channel, Hourly support stands at 0.9712 (12/10/2017 low). The technical structure suggests an improving short-term buying interest. Expected to show continued bullish pressures within uptrend channel...
Edging lower. (Yann Quelenn ) • USD/JPY keeps on declining. The pair is trading around 112.00. Strong hourly resistance is given at 113.44 (06/10/2017 high). Support is located at 111.12 (20/09/2017 low...
Continued increase. (Yann Quelenn ) • GBP/USD continues to rise after the break of falling channel. A support can be found at 1.3122 12/10/2017 low). Hourly resistance stands at 1.3338 (13/10/2017 high). • The long-term technical pattern is reversing...
Increasing selling pressures. (Yann Quelenn ) • EUR/USD momentum is reversing since the pair has set up an hourly resistance at 1.1878 (12/10/2017 high). Strong support is given at a distance at 1.1662 (17/08/2017 low). Expected to show some short-term consolidation...
We welcome you to a new trading week, where trading conditions are hopefully better and more favorable for day traders. As for the U.S. dollar, there was little consistency in its performance in recent days while traders had to struggle with false breakouts and unsteady financial markets...
Content courtesy of Tallinex Limited https://www.tallinex.com Here is the market outlook for this week: EURUSD Dominant bias: Bullish Price went up last week, creating a short-term bullish signal before a correction occurred on Friday. This week, movement above the resistance line at 1...
EURUSD: With the pair taking back its previous week losses at the end of the week, more recovery could be seen. However, beware of correction pullback. Resistance comes in at 1.1850 level with a cut through here opening the door for more upside towards the 1.1900 level...
The sharp rise in crypto-currency valuations in recent months is a speculative bubble, says UBS Chief Investment Office (CIO). Over the last 25 years, more central banks have become politically independent. Over the past 25 years, inflation has been brought under control...
Why is inflation low? The best argument is that independent central banks (run by economists) are good at their job. Over the last 25 years, more central banks have become politically independent. Over the past 25 years, inflation has been brought under control...
Hello traders, Here is a trade plan for EURAUD next week. I prepared Swing trade plan on the Actual Support, that we expected price will bounces fast at that levels. This screenshot has many words to explain, and...
USDCHF: With the pair closing marginally lower on rejection candle on Friday, it now looks to recover further higher. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level...
First, a review of last week’s forecast: - Recall that an overwhelming majority of experts expected a minor strengthening of the dollar. According to their forecasts, EUR/USD would fall to support 1.1660...
EURGBP- The cross remains biased to downside as it followed through lower on the back of its Thursday losses during Friday trading session today. Support lies at the 0.8850 level where a violation will turn focus to the 0.8800 level. A break will expose the 0.8750 level...
The Ottawa round of NAFTA negotiation have turned nasty. The first causality has been the driving ethos of globalizations and cooperation, replaced with strong protectionist bias. In this negative environment, missteps were bound to occur...
Brexit Negotiations are back into centre stage. The EU 27 Leaders are meeting today in Brussels to discuss about the further trade agreement with the UK. This promises to be intense as 27 Countries that must agree seems like a very difficult task...
