Technical Analysis of Gold for July 1, 2016 Gold has broken out of the triangle consolidation and is making higher highs and higher lows. The price is heading at least towards the $1,360 high with expectations of breaking it and reaching $1,400 by the end of next week...
FxWirePro: CAD/JPY Struggles to Close Above 80, Good to Sell on Rallies Major resistance- 79.95 (55 4H EMA) CAD/JPY has made a high of 79.95 yesterday and started to decline from that level. It is currently trading around 79.19. Short term trend is bearish as long as resistance 80 holds...
Technical Analysis of EUR/USD for July 01, 2016 When the European market opens, some economic news will be released such as the Unemployment Rate, Italian Monthly Unemployment Rate, Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI...
Technical Analysis of USD/JPY for July 01, 2016 In Asia, Japan will release the Consumer Confidence, BOJ Core CPI y/y, Final Manufacturing PMI, Tankan Non-Manufacturing Index, Tankan Manufacturing Index, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI y/y, and Household Spending y/y...
Daily Analysis of Major Pairs for July 1, 2016 EUR/USD: This market is bearish – there is a Bearish Confirmation Pattern on the chart...
Daily Analysis of USDX for July 01, 2016 On the H1 chart, the USDX is trying to extend the rally above the 200 SMA, but the support level could be challenged within the next few hours, as the US NFP is coming. A breakout above the 96.60 level will open the doors to test the 97...
Daily Analysis of GBP/USD for July 01, 2016 GBP/USD had a decline during yesterday's session after BoE's Mark Carney announced that a rate cut is coming this summer. That would put the Cable into a bearish scenario for the next weeks, and it could break the support zone around the 1...
FxWirePro: USD/CNY Hovers Around 6.65 Mark, PBOC Sets Yuan Midpoint at 6.6496 Per Dollar USD/CNY is currently trading around 6.6510 marks. It made intraday high at 6.6519 and low at 6.6453 levels. Intraday bias remains bullish till the time pair holds key support at 6.6330/6.6110 levels...
Asian Stocks headed for Weekly Rise, Higher Oil Underpins The Asian equities trade on a firmer note this Friday, having reversed almost half the post-Brexit slump, and now remain poised to book weekly gain as markets continue to speculate fresh stimulus measures from the global central banks to c...
Gold Builds on Overnight Gains, Spikes to $ 1330 Gold extended its three-day winning streak and spiked higher over the last hour, heading for its fifth straight weekly gains, as the greenback turned negative across the board amid risk-on market profile. Gold holds above 5-DMA support at $ 1320...
FxWirePro: AUD/NZD Falls Below 1.0450 Mark, Faces Key Support at 1.0416 AUD/NZD is trading around 1.0432 marks. Pair made intraday high at 1.0454 and low at 1.0422 marks. Short term bias remains highly neutral till the time pair holds key support at 1.0416 marks...
FxWirePro: NZD/USD Intraday Bias Higher, Good to Go Long on Dips According to an ANZ survey yesterday, New Zealand business confidence soared to a six-month high in June. The ANZ composite growth indicator that combines consumer as well as business confidence is giving a solid mandate for growth...
FxWirePro: EUR/JPY Edges Lower from Session Highs at 114.74, Intarday Bias Neutral EUR/JPY has edged lower from session highs at 114.74, but is holding above 5-DMA at 113.87. Poor Chinese data and deteriorating investors’ sentiment likely to keep demand for the Yen intact...
FxWirePro: USD/SGD Hovers Around Key Support at 1.3451 Mark, Bias Remains Neutral USD/SGD is currently trading around 1.3460 marks. It made intraday high at 1.3482 and low at 1.3443 levels. Intraday bias remains neutral till the time pair holds key support at 1.3451 levels. A daily close below 1...
FxWirePro: Silver Up by 1.6 Pct at $18.98, Marks Fresh High Since September 2014 XAG/USD is currently trading around $18.95 marks. It made intraday high at $18.98 and low at $18.68 levels. Intraday bias remains bullish till the time pair holds immediate support at $18.45 marks...
EURUSD Daily Forecast: July 01 2016 EURUSD Forecast The EURUSD attempted to push lower yesterday bottomed at 1.1024 but whipsawed to the upside and closed higher at 1.1106. The bias is neutral in nearest term. As long as stay below 1.1200 my overall technical bias remains bearish targeting 1.0700...
GBPUSD Daily Forecast: July 01 2016 GBPUSD Forecast The GBPUSD had a bearish momentum yesterday bottomed at 1.3205 but closed higher at 1.3307.The bias is bearish in nearest term testing 1.3120 area. Immediate resistance is seen around 1.3380...
USDJPY Daily Forecast: July 01 2016 USDJPY Forecast The USDJPY had another indecisive movement yesterday but keep making higher highs and lows since the Brexit last week. The bias remains neutral in nearest term. As long as stay below 103.55 I still prefer a bearish scenario at this phase...
