GOLD: The commodity continues to face downside pressure but with a rejection candle printed on Friday, a recovery risk cannot be ruled out. On the downside, support comes in at the 1,250.00 level where a break will turn attention to the 1,240.00 level...
This chart show the High inverted correlation between GBPUSD currency pair and EURGBP. The conclusion that I can make here is that if GBPUSD reversed its direction to the upside then EURGBP will begin a new downtrend...
The pair is moving inside a Falling Wedge formation. Divergence with momentum oscillators like MACD show weakness in current up-trend...
This chart show the High inverted correlation between USDCAD currency pair and Oil. The conclusion that I can make here is that if Oil reversed its direction to the upside then USDCAD will begin a new downtrend...
Here’s the market outlook for this week: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Neutral The bias remains neutral (despite strong volatility on other pairs last week) as price simply went below the support line at 1...
The pair is moving inside a Rising Wedge formation. Divergence with momentum oscillators like MACD show weakness in current up-trend...
USD/JPY has now broken out of an upper channel resistance at 102.50, which for us confirms that a bottom is now in place for the pair. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
Point [1] is the lowest low for 2016, while Point [2] is the Highest High until now. The pair is moving inside a Rising Wedge formation. Divergence with momentum oscillators like MACD show weakness in current up-trend...
Daily price is on ranging around the lower bound of the Ichimoku cloud on the border between the ranging bullish and the primary bearish market condition within the following key support/resistance levels: 1...
EURUSD: The pair continues to face consolidation risk though looking to recover higher. Support lies at the 1.1150 level. Further down, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will aim at the 1.1000 level...
Weekly price is breaking 1.3280 resistance level to above for the reversal of the price movement from the bearish to the ranging bullish market condition to be located inside Ichimoku cloud...
First, a review of last week’s forecast: – as a reminder, predicting the future of EUR/USD most experts pointed to the south. NFP print (US Non-Farm Payrolls) was expected to increase from 151К to 170К–176К...
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USDCHF: The pair retains its upside bias closing higher the past week. On the downside, support lies at the 0.9700 level. A turn below here will open the door for more weakness towards the 0.9650 level and then the 0.9600 level. On the upside, resistance resides at the 0...
Weekly Fundamental Forecast: Are Dollar, Pound, Yen Moves Signaling a Tide Change? Top fundamental themes - risk trends, monetary policy influence, etc - have passed another week without the resolve and conviction of a true trend...
FX Technical Weekly: Next Cycle Low for GBP/USD is Early 2017 EUR/USD – 20 day range is insanely small GBP/USD relationship at 1.0970 USD/JPY – watch 105.45 (May low) EUR/USD Daily -I’m running out of things to say about EUR/USD...
CRUDE OIL: The pair continues to strengthen as it closes in on its key resistance located at the 51.64 zone. On the downside, support resides at the 50.00 level where a break will expose the 49.00 level. A cut through here will set the stage for a run at the 48.00 level...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, October 7th GBP/USD Current price: 1.2453 (-1.3%) Session range: Open 1.2615 High 1.2625 Low 1.1991...
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