Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, May 9th The EUR/USD pair was consolidating its yesterday’s drop during the Asian trading session, having stepped away from its half-year highs, posted at 1.1022 spot. As E...
EURCAD H4 CHART EURCAD price is at the FIBO 50.0 retracement level. CRUDEOIL price is moved a little bit up. It is a good intraday trade opportunity : SHORT EURCAD...
The graph shows the profit that the investor could receive in the Forex market, having completed only one transaction in 2016 - having opened the position on January 1 and having closed it on December 31...
Direct Emmanuel Macron, an ace EU ex-agent and past economy serve won French races. US. Nonfarm Payrolls and Unemployment Rate solid better than foreseen. The dollar is still in clear oversold extend...
EUR/USD The pair tested the area above 1.10 yesterday, but finished the day at the level of 1.0930. Now when political factors have been left behind, the economy of the Eurozone will take the main role again. Theoretically, it can limit the downward correction of the euro...
EUR/USD: Bullish: Diminished odds for further EUR strength. Despite breaking above the major 1.1000 resistance (high of 1.1023 early yesterday), EUR closed lower and registered a ‘bearish outside bar’...
USDJPY: The pair remains on the offensive leaving further upside pressure on the cards. Despite its current price hesitation this view remains valid. On the downside, support comes in at the 112.00 level where a break if seen will aim at the 111.50 level...
Last Friday, the last US labour market report surprised on the upside as the economy created 211k private job in April, beating forecast of 190k. Previous month’s reading was revised slightly to the downside (79k versus 98k first estimate). Similarly, the unemployment rate slid to 4.4% from 4...
Short-squeeze. • Crude oil is bouncing back on short-squeeze move. The commodity has reached a level below $44. Strong support is given at 42.20 (14/11/2017 low). Expected to see renewed bearish...
Starting a consolidation phase. • Silver is consolidating after the strong decline. Hourly support is given at 16.20 (04/05/2017 low). Strong resistance is given at a distance at 19.00 (09/11/2017 high). Expected to see continued...
Consolidating around $1230. • Gold continues its decline after the yellow metal has faded near the hourly resistance at 1295 (18/04/2017 high). Hourly support is now located at 1195 (10/03/2017 low). The road is...
Strong bullish pressures. • EUR/CHF's volatility is getting stronger and is now targeting resistance given at 1.0898 (08/12/2017 high). Despite the sharp increase and the recent bullish breakout which is very...
Trading sideways. • EUR/GBP is trading mixed. The technical structure remains negative as long as the resistance at 0.8530 (25/04/2017 low) holds. Expected to show continued weakness until...
Consolidating around 5-month high. • EUR/JPY's buying pressures are there. Strong resistance standing at 124.10 (15/12/2016 low) has been broken. Major support is given at 114.90 (18/04/2017low). Expected to see further...
Wide-open for further decline. • AUD/USD is trading below 0.7500. As long as prices remain below the resistance at 0.7608 (17/04/2017 high), the short-term technical structure is negative. Key resistance stands at...
Profit-taking. • USD/CAD has declined after failing to reach 1.3800. Hourly support can be found at 1.3411 (24/04/2017 high) then 1.3353 (20/01/2017 high). Expected to show renewed bullish pressures as...
Towards support at 0.9814. • USD/CHF is weakening. The positive shortterm technical structure has been invalidated. Expected to target support given at 0.9814 (27/03/2017 high). • In the long-term, the pair is still trading in...
Consolidating above former resistance. • USD/JPY is now slowing down since the pair reached resistance given at 112.20 (31/03/2017 high). Hourly support can be found at 110.88 (26/04/2017 low). Stronger support is located at...
Slight increase. • GBP/USD is trading mixed. Hourly resistance given at 1.2966 (30/04/2017 high) has been broken. Hourly support can be found at 1.2757 (21/04/2017 low). An unlikely break of this...
