The pound is tipped to continue falling against the NZ dollar over the medium-term. But NZD bulls will be hoping this week's data does not add to a growing negative trend in economic releases...
Data in this report cover up to Tuesday Feb 16 & were released Friday Feb 19. Bullish USD sentiment continues to moderate, the aggregate long falling to $10.9bn—its lowest level since July 2014...
Here’s the market outlook for this week:: Content courtesy of Tallinex Limited (https://www.tallinex.com) EURUSD Dominant bias: Bullish This pair dropped slightly on Monday, then moved sideways for the rest of the week...
EUR/USD: Wave analysis and forecast for 19.02 – 26.02: Uptrend continues. Estimated pivot point is at the level of 1.0970. Our opinion: Buy the pair from correction above the level of 1.0970 with the target of 1.15 – 1.16...
The Australian dollar (AUD) retains a positive tone which will be tested this week by a number of key data releases. The pound sterling continues to look heavy against the Aus dollar over the medium term with momentum indicators suggesting further declines are possible...
The pound to euro conversion could find itself popular over the course of the next week as we note the British pound to be extremely oversold. We have argued that with Brexit uncertainty fading over the weekend the pound may be free to move higher over the coming week...
USD: Buy vs. the Funders. Bullish. We expect some further legs in the current risk rally, which should keep the USD supported against the funders – EUR, JPY and CHF...
In the coming period only the article "Ranking & Rating List" will be published. At the moment the process for generating the articles is being optimized and streamlined. The expectation is to publish all the articles again somewhere in February. Thanks for your understanding...
EURUSD remains vulnerable to the downside with risk of a move lower likely. However, its higher close on Friday on a rejection candle, we could see it push higher on a recovery. On the downside, support is located at the 1.1100 level and if violated, expect more weakness to happen towards the 1...
ABN Amro concede they were too optimistic on US dollar strength in 2016, a view that should allow the under-pressure GBP/USD some respite. We reported back in November that ABN Amro were forecasting the GBP to USD conversion to fall down to 1.25 in 2016...
NZDUSD - Bulls remain in control, approaching resistance level Bulls remain in control and insidebar & pinbar confirmation. Target 0.68800 resistance level. Buying opportunity in this pair. Goodluck and Happy Trading...
USDCHF: The pair closed higher the past week leaving risk of more strength on the cards. However, with pullback seen on Friday (see daily chart), further downside pressure is likely in the new week. On the downside, support lies at the 0.9850 level...
GPBUSD is currently touching some good support @1.43999 and will most likely head back down to 1.43187 before continuing an upward trend to 1.44541. *** Price moved to 1.42614 on Market Open blasting past my Take target and now working its way back up for a correction.***...
