GBP/USD Turns Negative Near 1.4500, Brexit Concerns Weigh The GBP/USD pair is seen reversing gains and reverts towards 1.45 handle as concerns over Brexit returned to markets and weighed down on the British pound. GBP/USD inches back towards 20-DMA at 1...
EUR/USD Forecast: Ready to Break Lower The market started in slow motion this week, with a quiet Asian session keeping majors within familiar ranges, although the greenback edged modestly lower against most of its rivals...
WTI Bouncing off $47.60, Supply Glut Weighs The barrel of West Texas Intermediate is looking to extend the rebound from earlier lows in the $47.70/65 band, currently trading closer to the $48.00 mark...
FxWirePro: US Oil Declines on Oversupply Concerns, Good to Sell on Rallies Pattern Formed – Shooting Star Major resistance- $49.35 (161.8% retracement of $46.79 and $42.90) US oil has declined after making a high of $49...
FxWirePro: South African Rand Erases Previous Loss Against US Dollar, Down Side Limited USD/ZAR is currently trading around 15.5382 levels. It made intraday high at 15.6421 and low at 15.5203 levels...
Chart:https://bi0l.blogspot.com/2016/05/eurusd-intraday-forecast-technical-side_23.html Calculated levels today: Support (S1 / S2 / S3 = 1,12024 / 1,11928 / 1,11771), resistance (R1 / R2 / R3 = 1.12434 / 1.12591 / 1.12591). Key level (1st from 1.12180 to 1.12177 in the late afternoon, 2nd from 1...
Bulls in #USDJPY met serious resistance reaching the descending channel resistance line, which was relevant in the last two months. It is recommended to close long positions and stay out of the market. Find out more by checking out the Source Link...
Friday's statistics from Canada did not affect the technical balance in #USDCAD, leaving the bulls high chances to continue climbing. Trend indicators confirm the upward #trend. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Technical Analysis of Silver for May 23, 2016 Technical outlook and chart setups: Silver has just hit another low at $16.29 levels, and should find support around $16.00 levels going forward. Please also note that fibonacci 0.618 support level of rally between $14.80 and $18...
Technical Analysis of Gold for May 23, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,252.00/53.00 levels, testing its trend line support again. The metal seems to be looking to drop lower around $1,242.00 levels and complete its correction, before turning bullish again...
Technical Analysis of EUR/JPY for May 23, 2016 Technical outlook and chart setups: The EUR/JPY pair continues to drift in a range between 123.00 and 124.00 levels as depicted here. The pair is now seen to be trading at 123.00 levels, looking to break below the range support...
GBP/USD Clinches Highs Near 1.4550 The Sterling keeps its buoyant tone at the beginning of the week, now lifting GBP/USD to test fresh daily highs near 1.4550...
USD/CHF Likely to Build Onto Its Moves Back Above 0.9900 The USD/CHF pair reversed from its early losses to 0.9883 and turned back above 0.9900 handle as the overall USD strength gained traction in last couple of hours. The pair is currently trading up around 0.1% at 0...
With a sparse US data calendar this week, Fed talk will likely to dominate dollar price action ahead of the June FOMC meeting (note Bullard, Williams and Harker are all due to speak today...
EUR/USD 4H Chart: Channel Down Comment: The bias towards the Euro is negative, but only in the near term. EUR/USD is expected to bounce off of the upper edge of the channel at 1.1250 and then head towards a cluster of supports between 1.1150 and 1.1115 dollars...
EUR/USD Turns Negative Near 1.1200 The single currency has lost its initial smile, now dragging EUR/USD to post session lows in the 1.1210 area. EUR/USD lower post-PMIs Spot’s recovery run out of steam around overnight peaks near 1.1240, retracing the advance to the current low-1...
EUR/GBP Turns Flat at 0.7730 Post Euro-zone PMI Data On Monday, the EUR/GBP pair built on to its Friday’s sharp recovery and touched a session peak level of 0.7754 during European session but has now erased all of its gains to currently trade at 0.7730...
Weekly Trading Outlook - The Forex Week Ahead: May 23rd – 26th Mon: EUR – EuroZone PMIs & Consumer Confidence Tue: EUR – German GDP, ZEW Survey, GBP – Public Finances, NZD – Trade Balance Wed: USD – Advance Goods, Services & Composite PMIs, Crude Oil Inventories, CAD – BOC Rate Decision...
EURUSD Pauses Decline, Rises Back Above key 1.12 Level EURUSD remained above the key 1.12 level for a second trading day after dipping below it last Thursday for the first time since late-March. The lower Bollinger Band at 1.1179 lent support and helped prices bounce. The 1...
