AUD/USD Expected to Weaken to 0.70 in 6-Month – Danske Bank Kristoffer Lomholt, Analyst at Danske Bank, believes the Aussie dollar could depreciate towards the psychological handle at 0.70 in the medium term...
Fxwirepro Short Term Outlook: Euro to Decline 700 Pips Against Pound Pound has been showing remarkable resilience against Dollar as well as other currency pairs, especially Euro, which makes the pair, EUR/GBP an attractive short...
GBP/USD Bullish, Aims to 1.4770 – UOB The research team at UOB Group remains bullish on Cable and expects a visit to the 1.4770 area in the near term. Key Quotes “In line with expectations, GBP extended its again to move above the 1.4650 target (high of 1.4663) but the up-move was short-lived”...
USD/CAD Targets 1.35 in the Longer Run – Scotiabank FX Strategist at Scotiabank Eric Theoret sees spot heading towards 1.35 in the long term. Key Quotes “We look to continued gains in USDCAD with near-term risk to 1.33 and medium-term risk to 1.35”...
EUR/USD Is Range-Bound N-Term, So Buy USD/CHF On Dips - Credit Agricole The USD has been relatively well supported...
Evening Euro Target: 1.1260 For the past twenty six hours the difference between pairs heading the same way has reduced. The euro/dollar is up 48 points: from 1.1179 to 1.1227. The pound/dollar is down 113 points: from 1.4663 to 1.4550...
GOFO and Gold Prices The Gold Forward Offered Rate (GOFO) is the swap rate for a goldtoU. S. dollar exchange...
Stocks and Oil Regain Poise as Fears Over Hawkish Fed Subside European stock indices have enjoyed a short-covering bounce that began late in the day on Thursday when Wall Street shares managed to erase most of their earlier declines. At midday in London, the UK’s FTSE 100 was up 1...
USD/CAD Challenges 1.3100 Post-Data USD/CAD has bounced off sub-1.3100 levels following mixed results from the Canadian docket. USD/CAD gains capped near 1.3130 The pair manages to keep the trade above the 1...
The order to buy #GPBUSD is relevant, despite the observed pullback to the area of the red Alligator's line. Possible closing below it will consider as a signal to close the position. Find out more by checking out the Source Link...
#USDJPY resumed growth, and the profit from the order to buy has exceeded the figure. Additional signals have not been received yet, however, the price soon may pass the level of the nearest fractal. Find out more by checking out the Source Link...
EUR/USD Remains Capped by 1.1230 Zone EUR/USD consolidates near daily highs in quiet trading Friday, with the dollar mixed across the board ahead of the G7 meeting. EUR/USD found support at the 1.1180 area on Thursday but every bounce attempt has remained capped by the 1...
AUD/USD Turns Negative, Eyeing 0.7200 Mark to Extend Support The AUD/USD pair failed to extend its tepid recovery back towards 200-day SMA and the bears took back the control, dragging the pair back into negative territory...
FxWirePro: CAD/JPY Faces Strong Resistance at 84.35, Good to Sell on Rallies Major resistance – 84.35 (21 day 4H MA) Major intraday support – 83.60 CAD/JPY has retreated after making a high of 84.32 today. It is currently trading around 84.12. The pair’s major support is around 83.30 (61...
GBP/JPY Trade Idea Harmonic Pattern Formed- Bearish Bat pattern Potential Reversal Zone (PPRZ) – 162.80 GBP/JPY has completed Bearish Bat Pattern at 161.80 and slightly declined from that level. It is currently trading around 160.60. Short term trend is lightly weak as long as resistance 162...
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD Analysis for May 20th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar has reached the target at 1.1200 and right now is consolidating; it has defined the channel’s borders and returned to the center...
AUDUSD. With the pair halting its weakness to close on a rejection candle on Thursday, a move higher could be developing. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0...
FxWirePro: EUR/JPY on Track to Test 124 Levels, Major Resistance at 124.60 EUR/JPY recovers previous day's losses to hit fresh daily highs at 123.86. Techs on daily charts support upside, pair has broken above 5&10-DMAs at 123.47/54 respectively. Test of 124 levels likely...
NZD/USD Likely to Move Towards 0.70 in Short Term and Towards 0.64 by 2016-End In mid-April of this year, the NZD/USD pair rose to 0.7054, an 11-month high, as the likelihood of a near term interest rate rise by the US Fed continued to diminish...
