Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, October 18th The EUR/USD pair extends its bearish trend for the fifth consecutive session, remaining within striking distance of its weekly lows, marked yesterday at 1.1736 spot...
EURUSD: With the pair weakening further during Tuesday trading session, more decline is envisaged with eyes on its psycho support at 1.1700. Resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1...
The CPI of New Zealand in the third quarter grew by 0.5% (the forecast was +0.4% and 0% in the previous quarter) and 1.9% in annual terms (the forecast was +1.8% and 1.7% in the previous quarter...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, October 17th The EUR/USD pair remains under bearish control for the fourth consecutive session, as uncertainty on the political field of Spain drags the euro lower against its main competitors...
Many people are switching to making their money through the Internet. The total number of methods to making money on the Internet is rising, but not all opportunities are what they are cracked up to be. You need to know what you're getting into if you stand a good chance of success...
GBPUSD: The pair continues to see price hesitation below its key resistance at 1.3337 level. However, while that resistance remains unbroken, we could see the pair weaken. Support lies at the 1.3250 level where a break will turn attention to the 1.3200 level. Further down, support lies at the 1...
The focus of traders trading in the British pound, this week will be the publication of important macro data on the UK. On Tuesday (08:30 GMT), a block of inflation indicators for the UK for September (indices of producer prices, consumer price indices) will be published...
Where will it stop? (Yann Quelenn ) • Bitcoin is definitely on a strong momentum. Strong support stands very far at 2975 (22/08/2017 low). Bitcoin si ready to set up new all-time high. The road is wide open for further increase. In the short-term, the digital currency should monitor $6000...
Riding the range. (Yann Quelenn ) • Crude oil is pushing higher within a range defined by the support at 50.43 and the strong resistance lies at 52.86 (28/09/2017). Expected to show continued increase within this range. • In the long-term, crude oil has recovered after its sharp decline last year...
Higher. (Yann Quelenn ) • Silver has further improved as can be seen by the new resistance at 17.43 (13/10/2017 high). The precious metal keeps on trading above $17. Hourly support can be found at 16.13 (06/10/2017 low). Expected to show further increase...
Breaking 1300. (Yann Quelenn ) • Gold is back to bullish. The precious metal is way into an uptrend channel. Hourly support is given at 1291 (13/10/2017 low). Strong support lies at a distance at 1204 (10/07/2017 high). Expected to show continued bullish pressures...
Likely to further decrease. (Yann Quelenn ) • EUR/CHF still lies in a bullish trend. Yet, downside pressures are likely to accelerate. Strong resistance lies at a distance at 1.1623 (22/09/2017 high). Support is given at 1.1388 (02/09/2017 low). Downside risk is very likely...
Bearish pressures. (Yann Quelenn ) • EUR/GBP's weakness is only a consolidation. The pair is back below former resistance at 0.8899 (19/09/2017 low). The very short-term technical structure is now biased to the upside. Hourly support is given at a distance at 0.8746 (27/09/2017 low...
Consolidating below 0.79. (Yann Quelenn ) • AUD/USD has surged and is now pausing below 0.7900. Hourly resistance is given at 0.7897 (13/10/2017 high). Support lies at at 0.7733 (06/10/2017 low). Expected to show continued increase. • In the long-term, the trend is turning positive...
Middle of rising channel. (Yann Quelenn ) • USD/CAD continues to bounce within uptrend channel. Strong support is located at a distance at 1.2062 (08/09/2017 low). Hourly support lies at 1.2331 (26/09/2017 high). Resistance is given at 1.2663 (31/08/2017 high...
Pushing higher. (Yann Quelenn ) • USD/CHF is trading within uptrend channel, Hourly support stands at 0.9712 (12/10/2017 low). The technical structure suggests an improving short-term buying interest. Expected to show continued bullish pressures within uptrend channel...
Edging lower. (Yann Quelenn ) • USD/JPY keeps on declining. The pair is trading around 112.00. Strong hourly resistance is given at 113.44 (06/10/2017 high). Support is located at 111.12 (20/09/2017 low...
Continued increase. (Yann Quelenn ) • GBP/USD continues to rise after the break of falling channel. A support can be found at 1.3122 12/10/2017 low). Hourly resistance stands at 1.3338 (13/10/2017 high). • The long-term technical pattern is reversing...
Increasing selling pressures. (Yann Quelenn ) • EUR/USD momentum is reversing since the pair has set up an hourly resistance at 1.1878 (12/10/2017 high). Strong support is given at a distance at 1.1662 (17/08/2017 low). Expected to show some short-term consolidation...
