GBPJPY: With price failure occurring on Tuesday, GBPJPY threatens short term trend resumption. If it continues to hold below the 186.01 level, we look for a move lower with eyes on the 184.24 level. On the upside, resistance is seen at the 186.00 level followed by the 187.00 level...
The price is located above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) with the ranging within the following support/resistance levels: 2134.4 resistance level located above 100 SMA and 200 SMA in the primary bullish area of the chart, and 1863...
The upward movement of #AUDUSD #quotations develops within the designated channel. Strong GDP data for the third quarter significantly reduced the risk that the RBA will return to the #rate cut in the coming months. Find out more by checking out the Source Link...
The current price dynamics of #USDJPY resembles the reversal pattern "head and shoulders". At this point it is recommended to hold long positions and add volume at the approach to the current support line. Find out more by checking out the Source Link...
Talking Points: GBPNZD Technical Strategy: Bearish Elliottwave Count: Wave 3 is in process Upcoming major events: GBP-Construction PMI (Nov) We have eliminated our alternate count and counting bearish count...
Societe Generale made a forecast for NZD related pairs based on fundamental analysis expecting the bearish market condition to be continuing. The main reason for that are the following: house price inflation is up to 15% y/y; expectation for rate cut at next RBNZ meeting to 2.5% from 2.75...
The U.S. #dollar is recovering against the major competitors, proving its strength. Yesterday's weak data on the manufacturing ISM #index put pressure on the #currency, however, it was a slight pullback. Find out more by checking out the Source Link...
USDJPY: Having continued to maintain below the 123.74/99 zone and weakening on Tuesday, USDJPY corrective pullback risk remains in place. On the downside, support comes in at the 122.50 level where a break if seen will aim at the 122.00 level. A cut through here will turn focus to the 121...
M30 price is located to be above SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) for the ranging within the following key support/resistance levels: 0.7342 resistance level located far above 100-SMA/200-SMA in the primary bullish area of intra-day chart, and 0...
The price is located above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) with the ranging within the following support/resistance levels: 20975 resistance level located above 100 SMA and 200 SMA in the primary bullish area of the chart, and 16985 support level located within 100 SMA and 2...
At the H1 chart, after rebounding from the 0/8 level, the pair has started a correction. If later the market breaks the 2/8 level, it may continue moving downwards. In this case, the price may break the -2/8 level and the lines at the chart will be redrawn...
At the H1 chart, the price is moving in the middle. If the pair tests the 4/8 level once again and rebounds from it, the market may start a new descending movement. In this case, the first target for bears will be at the 1/8 level...
At the H1 chart, the price is moving in the middle. If the pair tests the 4/8 level once again and rebounds from it, the market may start a new descending movement. In this case, the first target for bears will be at the 1/8 level...
Emotions! Plain and simple. The underlying reason why almost all traders fail can be found in our emotions and our conditioning. Trading is psychologically difficult. Our emotions can marry us to a trade, making it impossible to let go of a loss...
GBP USD, Time Frame H1. Indicator signals: Tenkan-Sen and Kijun-Sen intersected below Kumo Cloud and formed “Golden Cross” (1); Tenkan-Sen and Senkou Span A are directed upwards. Ichimoku Cloud is going up (2); Chinkou Lagging Span is above the chart...
The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was also published this week. Besides this analysis and the corresponding chart I also provide the Forex ranking and rating list...
When looking at the Top 10 in the Monthly Ranking and Rating list we can see that for the coming month the following stronger currencies are well represented for going long: USD(4X) followed by the GBP(2X). The EUR(5X) is the weaker currency followed by the CHF(2X...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD as provided by the technical strategy team at Barclays Capita EUR/USD: The move below last week’s 1.0565 low encourages our bearish view. Our initial downside targets are near 1.0520 and then the 1...
