After a reversal pattern "head and shoulders" has been successfully formed, an upward #trend in #USDCAD develops its course. It is recommended to hold long positions until an upward #price #channel is relevant. And don't forget about the fundamental background...
Daily Forecasts: EURUSD (15 min. chart): EURUSD (1 hour chart): GBPUSD (15 min. chart): GBPUSD (1 hour chart...
US Dollar - "Aside from the FOMC decision, the US docket has an array of indicators set for release. The top two listings are the 3Q GDP release due Thursday and PCE deflator on Friday. Growth for the world’s largest economy can equially dictate rate expectations and investor sentiment...
#Oil is falling again. The strong pressure on #quotes still has unfavorable data on the growth of oil reserves in the USA. As a result, #WTI broke the #support #level and fell to its lowest level in nine weeks. Find out more by checking out the Source Link...
As expected, the ECB, through its president M. Draghi not parted with the idea of expanding incentives. On the probability of increased asset purchase, as well as the extension of the program of quantitative easing, according to Draghi, will be known at the December meeting of the Central Bank...
Daily price is on bullish market condition for the ranging within the following key support/resistance levels: 1191.48 key resistance level located far above Ichimoku cloud in the primary bullish area of the chart; 1098...
EURUSD: The pair halted its weakness and turned higher on Monday leaving risk of more recovery on the cards. While the 1.1016/17 level zone continues to provide support, we should see a move higher on correction. On the downside, support lies at the 1...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, and AUD/USD as provided by the technical strategy team at Barclays Capital. EUR/USD: The break below our initial downside targets in the 1.1085 area on increased volumes signals lower...
Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained that the JPY is outperforming its G4 peers with a modest 0.3% gain, rallying back to its 200 day MA after reaching a fresh two-month low...
EUR/CHF declines over recent weeks appear to have been temporarily stalled in the face of a bullish development. The MACD line is tracing higher lows, when compared to recent sessions...
As per FXSTREET, Crude oil prices are extending its negative downbeat at the beginning of the week, currently hovering over the low-$44.00s per barrel...
The greenback, in terms of the US Dollar Index, keeps trimming recent gains and is now hovering over session lows in the 96.90/85 band. US Dollar retreats from 97.20 After testing 2-month lows above the 97...
In the view of Eric Theoret, Currency Strategist at Scotiabank, the pair’s perspective remains on the bullish side for the time being. Key Quotes “Both the MACD and RSI momentum indicators are bullish, and trend signals are showing signs of a turn”. “USDCAD’s rally toward the 50 day MA (1...
After a bull run to the 1.5380 area, or session peaks, GBP/USD has now returned to the 1.5360/55 band. GBP/USD looks to GDP figures The pair has given away part of the gains following the spike to the 1.5380 area as the greenback is now attempting to revert part of the initial drop...
We continue to hold a short position in #GPBUSD, having some additional signals from #indicators. The value of the Alligator's teeth has moved to conditionally profitable zone. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
We fixed a result of a long position in #Gold after the #price has crossed a #level of oppositely directed #fractal at 1162.58, where we went short. Later some additional signals were formed. Find out more by checking out the Source Link...
W1 price is is on bearish market condition located below 200 period SMA (200 SMA) and 100 period SMA (100 SMA) for the secondary ranging between 0.6084 Fibo support level and 0.6896 Fibo resistance level: Ascending triangle pattern was formed by the price to be crossed Fibo resistance level at 0...
GBPUSD: GBP declined sharply the past week leaving risk of more weakness on the cards. While it holds and trades below its cluster of resistance zone at 1.5371/83, its outlook remains lower. Support lies at the 1.5250 level where a break will turn attention to the 1.5300 level...
