Credit Agricole made a fundamental forecasts related to the price of some pairs movement during some high impacted news events for the week. Let's evaluate those forecasts based on technical analysis...
Gained momentum and bounced from below 186.00 breaking above 186.40, where previous highs lied and peaked at 186.68. It remains trading near the highs with a bullish tone and eyeing yesterday’s highs that lie at 186.96. The area around 187.00 is the immediate barrier to consider...
NZD/USD is currently trading at 0.6675 with a high of 0.6783 and a low of 0.6651. NZD/USD reversed the bid when it had been following suit of the Aussie in early Asia on the back of the run up to the RBA meeting...
The graceful upward trajectory staged by the GBP/USD on the daily chart, finds an offsetting bearish harami, a pattern comparable to an Western inside bar. Prices challenged the 21-period 2-standard deviation upper band by printing outside of its boundaries in the last two days...
Overnight, the RBA left rates steady at 2.0% and the Aussie rallied 0.5% but ran into supply with a strong greenback across the board. The price was drifting on the bid in early Asia from the mid point of the 0.71 handle and was propelled on the event to score territory above the 0...
continued to rise despite weaker-than-expected US economic data. The pair recently reached at 0.9922, the highest level since last Thursday and it remains near the top...
The greenback, gauged by the US Dollar Index, is sharply appreciating vs. its main rivals on Tuesday, flirting with daily tops in the mid-97.00s. US Dollar gives away gains post-US releases The index has abandoned the area of session highs after another disappointment from the US docket...
After climbing near 1.3160, or session highs, USD/CAD has now returned to the 1.3120 area following the US releases. USD/CAD trims gains on US results Spot has surrendered part of the earlier gains after US Factory Orders have surprised investors to the downside during September, contracting 1...
The dollar gathered momentum and dragged EUR/USD to fresh lows sub-1.0950 despite the latest string of US data came in the soft side. US factory orders fell 1.0% in September against a decrease of 0.9% expected, while prior months’ were revised down to -2.1% from -1.9...
The slide in the GBP/USD stalled, making way for a minor correction after the US reported a drop in its factory orders in October, along with a fall in IBD/TIPP economic optimism index. Back above hourly 100-MA The spot is now back above its hourly 100-MA at 1...
The greenback keeps the upbeat tone vs. the Japanese currency on Tuesday, nw sending USD/JPY to session tops in the boundaries of 121.20...
With the US Federal Reserve much more hawkish than expected, this week looks to be a further round of musical chairs as investors figure out where each central bank stands - ahead of the Fed, or dovishly far behind it. Expect volatilty in gold, and in AUD this week. Will prices of gold rise...
EUR/CHF sellers stood their ground and buyers retreated in recent sessions as MACD (26, 12, 9) has fallen off below its median line. On a 4hr chart, this technical condition may be taken by many trend-following traders as a trigger to liquidate long positions...
prices in EUR terms are trading around the previous session’s low of EUR 1026.13, but stay relatively resilient compared to Gold (USD) on account of a drop in the EUR/USD pair...
Senior Analyst at Danske Bank Signe Roed-Frederiksen has assessed the recent figures from the key indicator in the US economy. Key Quotes “The US manufacturing ISM for October declined to 50.1 from 50.2 (consensus expectations 50.0, Danske Bank 49...
Oil prices rallied despite the broad based USD strength ahead of the weekly supply data in the US. At the time of writing, the Brent futures were up 77 cents or 1.5% higher at USD 49.56/barrel, while WTI futures were up 95 cents or 2% at USD 47.09/barrel. The USD index rose 0...
An order to buy from 1.5346 in #GPBUSD may be closed soon - at the moment the value of the closing price of the current bar is located below the red Alligator's line. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
