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Wave Analysis of Gold for June 30, 2016 Gold has completed 5 waves up in the short term from $1,305 to $1,328 and also made a corrective pullback towards the 61.8% Fibonacci retracement...
Technical Analysis of EUR/GBP for June 30, 2016 EUR/GBP is expected to continue its bullish rebound. The pair has posted a pullback and is rebounding on its support at 0.8200. Even though a continuation of the consolidation cannot be ruled out, its extent should be limited...
Technical Analysis of AUD/USD for June 30, 2016 AUD/USD is expected to trade with a bullish bias. The pair eventually broke above the key resistance at 0.7380 before rallying further. It has reversed a bearish pattern of lower highs while establishing a bullish trading channel at the same time...
Technical Analysis of USD/JPY for June 30, 2016 USD/JPY is expected to trade in a higher range and is supported by a rising trend line. On Wednesday, US stock indices kept rallying along with global markets, led by financial and energy shares. The Dow Jones Industrial Average gained another 1...
Technical Analysis of USD/CHF for June 30, 2016 USD/CHF is expected to trade with a bullish bias above 0.9760. The pair remains bullish on an intraday basis. In addition, a strong support base around 0.9760 should limit any downward attempts...
Technical Analysis of NZD/USD for June 30, 2016 NZD/USD is expected to extend its upside movement. The pair has been supported by a rising trend line since June 28 and is likely to challenge the horizontal resistance at 0.7155 in sight...
Technical Analysis of GBP/JPY for June 30, 2016 GBP/JPY is expected to trade with a bullish bias. The pair has been supported by a rising trend line, as well as the 20-period and 50-period moving averages and continues its rebound. The relative strength index stays above 50...
Technical Analysis of EUR/JPY for June 30, 2016 General overview for 30/06/2016: The market is trying to develop a clear, corrective, choppy bounce from the lows at the level of 109.55...
Technical Analysis of USD/CAD for June 30, 2016 General overview for 30/06/2016: The sub-wave c of the corrective cycle in wave (ii) looks completed, and the whole correction looks like an irregular flat pattern. This is why the uptrend might be now resumed and a new higher high can be made...
Let’s step back from all this Brexit hubbub and constant focus on the pound, shall we? Having said that, the Reserve Bank of New Zealand (RBNZ) released its annual Statement of Intent (SOI) earlier. Great, but what is it and what does it have to do with the forex market, you ask...
Daily Analysis of USDX for June 30, 2016 USDX is looking to extend the decline towards the support level of 95.20, where the 200 SMA is located; a zone where a rebound can happen to resume the bullish bias on a short-term basis. The index will try to break the resistance level of 95...
Can you believe it’s almost July?! With almost half of the year behind us, it’s time to look back on the trading goals that you made at the beginning of the year and see if you need to make changes to your goals, trading processes, or strategies. Here are some tips to get you started! 1...
Daily Analysis of GBP/USD for June 30, 2016 The Cable has been doing consolidation moves during the week, and now we can see a breakout above the 1.3380 level, which should expose the resistance zone of 1.3653, where a pullback can happen to resume the bearish bias...
Phew! It looks like forex brokers can breathe easy now that the EU referendum has come and gone. The Brexit decision did wreak some havoc across the charts but industry players are looking unshaken so far...
EURUSD Daily Forecast: June 30 2016 EURUSD Forecast The EURUSD had a bullish momentum yesterday topped at 1.1130. The bias is bullish in nearest term testing 1.1200 which is a good place to sell with a tight stop loss targeting 1.0700. Immediate support is seen around 1.1070...
GBPUSD Daily Forecast: June 30 2016 GBPUSD Forecast The GBPUSD attempted to push higher yesterday topped at 1.3533 but closed lower at 1.3422. The bias remains neutral in nearest term but as long as stay below 1...
USDJPY Daily Forecast: June 30 2016 USDJPY Forecast The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. As long as stay below 103.55 I still prefer a bearish scenario at this phase. Immediate support is seen around 102.50...
USDCHF Daily Forecast: June 30 2016 USDCHF Forecast The USDCHF failed to continue its bullish momentum yesterday and now still struggling around 0.9800. The bias is neutral in nearest term. Immediate support is seen around 0.9760...
Germany May retail sales report 30 June 2016 -0.3% prev revised up from -0.9% yy +2.6% vs +2.5% exp vs +2.7% prev revised up from +2.3% prev Stronger retails welcome news for the German domestic economy. EURUSD 1.1090 EURGBP 0.8286 EURJPY 113.82...
Despite the Brexit result it's still business as usual as far as UK payments to the EU are concerned 30 June The German Bundesbank buys euros each month-end, in excess of €2bln, to cover the UK's EU membership fee...
