FxWirePro: USD/SGD Fails to Sustain Above Key Resistance 1.3828, Good to Sell on Rallies USD/SGD is currently trading around 1.3780 marks. It made intraday high at 1.3820 and low at 1.3772 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3828 levels...
Gold: Declines On Continued Correction GOLD: With GOLD extending it corrective weakness the past week, further decline is envisaged. However, with its price action on Thursday and Friday, we may see it return into its consolidation range. On the downside, support comes in at the 1,240...
NZD/USD: Bulls Conquer 0.68 Handle, What Next? The overnight recovery from seven-month lows gained further traction in the Asian session, as risk sentiment recovers after oil prices stabilize in the positive territory. NZD/USD sees a 40-pips rally Currently, the NZD/USD pair trades 0...
GBP/USD Regains 1.4500 and Beyond Amid Weaker USD The GBP/USD pair takes on the recovery above 1.45 handle as we progress towards early European trades, with the bulls closely tracking USD moves amid a lack of fresh catalysts. GBP/USD finds support ahead of 20-DMA at 1...
GBP Rally Supported Partly by Big Lead for ‘Remain’ Camp – Danske Bank Research Team at Danske Bank, notes that the GBP rallied sharply last week supported partly by big lead for ‘remain’ in biased phone polls...
German/Eurozone Flash PMIs Preview: What to Expect of EUR/USD? Having taken-out Friday’s high near 1.1240 in the last hour, the EUR/USD pair consolidates the upside amid broad based US dollar weakness. The major manages to hold 5-DMA support at 1...
CAD: Gasoline Prices Pushed Inflation Higher in April – RBC Economics Research Team at RBC Economics, notes that the Canada’s consumer prices rose 0.3% in April, matching market expectations and pushing the annual rate of inflation up to 1.7% from 1.3% in March. Key Quotes “Core CPI rose 0...
USD/JPY: Bears Take Control in Tokyo Below 110 Handle USD/JPY has dumped in Tokyo from 110.20 down to a low of 109.85 so far...
FxWirePro: NZD/USD Holds Cloud Support, Targets 50-DMA at 0.6832, Good to Buy Dips NZD/USD is extending recovery from 2-month lows at 0.6709 hit on 19th May and is attempting to retake the 0.68 handle. The pair has broken above 5&10 DMAs and is on track to test 50-DMA at 0.6832...
Our automated trading system called "Moon", which also gives its name to our trading signal, arises from the need to find a valid operational tool that generates a steady return over time without jeopardizing the initial capital...
AUD/USD: Buyers in Control, 200-DMA a Whisker Away Having found solid support near 0.7220 region in early trades, the AUD/USD pair extends its recovery phase from multi-week troughs and now looks to regain 200-DMA amid broad based US dollar weakness...
Gold Halts 3-Day Slide, Rebounds in Asia Near $ 1255 Gold kicked-off the week on a stronger footing and ticker higher in the Asian trades amid tumbling Japanese stocks and a moderately lower US dollar across the board. Gold eyes $ 1260 Currently, gold trades 0.19% higher at 1254...
USD/JPY Bounces-Off 50-DMA Support, Re-Attempts 110? The USD/JPY pair is seen making minor-recovery attempts from a drop to 50-DMA support located at 109.65, as markets digest the latest comments from the BOJ officials amid weaker Japanese datasets...
Nikkei 225 Under Pressure, Bargain Hunting at Lows The Japanese benchmark index Nikkei 225 has been under constant pressure ever since the Tokyo open, and after trading at a day low circa 16,450.00, falling as much as -1.40%, the index is now on recovery mode, down 1...
FxWirePro: AUD/USD Breaks Minor Resistance at 0.7230, Good to Buy Dips AUD/USD is currently trading around 0.7250 levels, intraday bias is higher. After a brief dip below 61.8% Fib at 0.7212 on May 19th, the pair has pulled back above...
FxWirePro: AXS200 Struggles to Close Below 5300, Good to Buy at Dips Major resistance - 5400 Major Support - 5293 (21 day MA) ASX200 has taken support near 21 day MA and slightly jumped till 5360 at the time of writing. It is currently trading at 5355...
EURUSD Daily Forecast: May 23 2016 EURUSD Forecast The EURUSD continued its bearish momentum last week bottomed at 1.1179 as a part of the shooting star bearish scenario as you can see on my daily chart below...
GBPUSD Daily Forecast: May 23 2016 GBPUSD Forecast The GBPUSD attempted to push higher last week topped at 1.4663 but closed lower at 1.4497. As you can see on my daily chart below, the daily EMA 200 and 1.4700 region is a key resistance at this phase...
USDJPY Daily Forecast: May 23 2016 USDJPY Forecast The USDJPY continued its bullish momentum last week topped at 110.58 but closed lower at 110.14 and hit 109.85 earlier today...
