The Australian dollar enjoyed a post-Brexit recovery and managed to top the 0.75 level. While AUD/USD keeps holding on to this ground, the gains may have stopped for now...
The ISM Non-Manufacturing PMI (Purchasing Managers’ Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in the US...
Signs that the Brexit is already taking its toll are accumulating. A mix of surveys, news reports and a political turmoil is taking over. GBP/USD is falling once again, over 100 pips and back to the 1.31 handle. The low so far is 1.3162, above the 1...
EURUSD Daily Analysis EURUSD (1.113): EURUSD is seen pulling back after edging higher yesterday. Having cleared 1.110, the current pullback could be limited to 1.110 to establish support. In such an event, EURUSD could potentially be forming a base at 1.110 for the eventual test to 1...
The fallout from Brexit is far from over. Bank of America Merrill Lynch sees further falls and explains: Here is their view, courtesy of eFXnews: Rarely in UK political history has there been a situation where there has been a concurrent leadership contest in the two largest parties in Parliament...
EUR/USD is struggling with Brexit and there is more potential to the downside. And that’s not the only reason. Here is their view, courtesy of eFXnews: We are lowering our 3m EURUSD forecast to 1.05 from 1...
UK Services PMI is based on a survey of purchasing managers in the services sector. Respondents are surveyed for their view of the economy and business conditions in the UK. A reading which is higher than the market forecast is bullish for the pound...
Takes out lower trend line on hourly chart. Timber The GBPUSD just took out the lower trend line which held briefly at 1.3090 area, and we are seeing further selling as traders throw in the towel. With the price trading at lowest levels since 1985, there is not a whole lot to hang onto...
1. They keep faith in their abilities during times of drawdown. Despite what less experienced traders may think about professional traders, everyone has losing streaks at some point in time...
Same old same old from the RBA leaves the aussie with some work to do No apple carts tipped over by the RBA this month, as expected. AUSUSD has found itself stuck between 0.7500 and 0.7545. AUDUSD 15m chart That lower bound extends down to the low at 0.7494 so if 0...
Then we start to see the first pattern is called the engulfing and a very powerful pattern of slow but better support and resistance can also be time you are trading on lower frame such as 15 minutes and 5 if not the 5 min up always with our filter that would be our support and resistance if you...
Allora parto subito nel dirvi che i supporti e le resistenze servono tanto per tradare la price action perché sono come le chiavi di una macchina ciò nel senso che si va in moto sembra banale ma è così bisogna aspettare che il prezzo raggiunga un certo livello aspettare che si formi il pattern ed...
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...
So often, a good trading plan is ruined by sub-optimal execution. Sometimes we can identify great trends with strong underlying fundamentals, only to join the trend when it's about to end...
100 and 200 bar MA defining the risk The USDJPY has traded the last two days between the 100 and 200 hour MA. The price action suggests a comfort area for traders - a safe house. Eventually the market will make a break and run. Friday's can be difficult of course. It is a long weekend...
UOB out with a client note/recommendations 1 July 2016 Courtesy of our friends at efxnews.com While our tech guru Greg is tied up on the ForexLive ACT course here's someone else's T/A for those of you so inclined...
EUR/USD dropped quite a bit on Brexit but showed some strength as well. It could further fall, say the people at BNP Paribas: Here is their view, courtesy of eFXnews: The still-elevated level of GBP volatility renders downside GBP structures very expensive after last Thursday’s UK referendum...
EURUSD Daily Analysis EURUSD (1.109): EURUSD formed an outside bar on the daily session yesterday after QE and rate cut comments from the BoE Governor, Carney. The price action from the past three days shows a kind of consolidation taking place near the minor resistance level at 1...
The Australian and New Zealand dollar both weathered the Brexit quite well, but this may not be the end...
