USDJPY: With USDJPY halting its weakness to close higher the past week, it looks to move higher in the new week. We envisage a possible move towards its range top at the 121.32 level. On the upside, resistance resides at the 120.00 level with a turn above here aiming at the 120.50 level...
The probability of the gold price continuing to go up was so unconvincing that i removed the stop loss i had kept near last month's high and put my faith in my level 2 and 3 set up which was still showing a BEAR trend...
As mentioned in my recent posts, was prepared for the high volatility in the BEARISH price movement. Even in gold prices, was not convinced about the upward movement, as i saw it as a retracement rather than a trend, especially from level 2 and 3 set up...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, USD/JPY, and GBP/USD. EUR/USD: trading has been rangy and should continue to be given the lack of data until the ECB's meet/ing on Thursday. We prefer selling rallies towards 1.1400/20...
Official China's third quarter GDP numbers released earlier today caused controversial reactions varying from shrugs to utter disbelief. Let us see why analysts have been so much confused...
Check Trading Recommendations - HERE! Overview and Dynamics In anticipation of the key news from the Eurozone and the US, the EUR / USD will remain under pressure...
United Overseas Bank made a technical forecast for GBP/USD stated that bear market rally will be continuing up to 1.55 as a real target: "We maintains it bullish view on the pair with a target of 1.5570." "We just shifted to a bullish at this stage, there is no change to our view...
Bank of America Merrill Lynch confirm the outlook favours the British pound over the euro despite recent advances in the EURGBP exchange rate. The euro has come under pressure once more as the medium-term recovery rally runs into resistance...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, October 19th NZD/USD slipped lower on Monday as Chinese GDP growth rate slowed from the previous 7% to its current 6.9%. Industrial production figures in China were in red colour at 5...
There was a rebound of #AUDUSD from a medium-term downtrend line. It should be noted that today #China has published important #indicators that were sufficiently mixed. #Economies of China and #Australia are closely related, so the #market reaction may still occur in the near future...
#Bulls failed to consolidate above a #resistance level. On Friday, a corrective decline of #EURUSD was caused with consumer sentiment data published in the USA. At the same time, we state the fact that #quotes were fixed directly on a #support line of a current #uptrend...
BNP Paribas suggested to make a short with EUR/USD with 1.0900 target and 1.1630 stop loss, and it is based on 3 fundamental reasons: "Further risk-on – Eurozone capital outflows resume and markets start to reprice Fed hikes = EURUSD lower...
Daily price is on bullish condition located to be above Ichimoku cloud within the following key support/resistance levels: 1.1713 key resistance level located far above Ichimoku cloud in the primary bullish area of the chart; 1...
A new week in #Forex has started with a large portion of mixed data released in #China. Asian #markets reacted to statistics with a multidirectional movement. The #euro is rising against the #dollar, recovering losses, received during the last week. Find out more by checking out the Source Link...
CRUDE OIL: The commodity may have closed lower the past week and reversed most of its previous week gains but on the daily chart it has put in a temporary bottom. This could trigger further recovery in the new week. On the downside, support resides at the 47...
United Overseas Bank made some technical forecast for AUD/USD for the coming days stated that the price will unlikely cross 0.74 resistance from below to above because this resistance level is the crucial one: "The short-term AUD/USD strength tested 0.7360 (high of 0...
Here’s the market outlook for this week: EURUSD Dominant bias: Bullish This pair initially moved upwards last week, but could not reach the resistance line at 1.1500 before correcting downwards. Price closed at 1...
Hello traders and welcome to the new trading week, you will now see the most important fundamental news that might affect your trading...
EURUSD: Having EUR closed slightly lower the past week on a rejection candle print, it faces additional weakness in the new week. This view remains valid as long as the pair can trade and hold below its key resistance zone at 1.1459/94 level. Support lies at the 1...
