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10 Days ago, we wrote AAPL: Still Room to Go Up! and stated that it needed a move towards $117 – $120 to complete an intermediate 5-moves up from the lows...
Chart: http://bi0l.blogspot.com/2016/04/xauusd-weekly-forecast-2016-04-week4.html Estimated levels of the week: Support (S1-w / S2 / S3 = 1227,75 / 1221,79 / 1212,15), resistance (R1-w / R2 / R3 = 1247,04 / 1253,00 / 1262,64). Key resistance levels (1st from 1238.37 to 1244...
GBP/USD Bulls Fight Back Control, Re-takes 1.4450 The GBP/USD pair stages solid comeback from ahead of 1.44 handle, and now swings higher towards session tops as the underlying sentiment appears to turn in favour of risk currencies. GBP/USD bounces-off 1.4400 The GBP/USD pair trades 0...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, April 25th EUR/USD feels positive at the start of this week, bouncing of the lowest level in the last three weeks. Now pair consolidating in the mid-1...
Chart:http://bi0l.blogspot.com/2016/04/brent-weekly-forecast-2016-04-week4.html Estimated levels of the week: Support (S1-w / S2 / S3 = 41,76 / 40,48 / 38,41), resistance (R1-w / R2 / R3 = 45,90 / 47,18 / 49,25). Key support levels (1st from 42.45 to 44.58 in the week, 2nd from 41.59 to 43.22...
FxWirePro: BTC/USD Trades Well Above $450, Good to Buy at Dips Major resistance -$465 BTC/USD breaks major resistance $465 and jumped till $470 yesterday. It is currently trading around $458...
AUD/USD Wobbles Near 0.7700 The Aussie dollar is trading almost unchanged vs. its American peer on Monday, with AUD/USD currently in a narrow range around the 0.7700 handle. AUD/USD attention to CPI The Aussie dollar is coming down from last week’s cycle highs near 0...
EUR/USD Offered Near Hourly 50-SMA, Back to 1.1250 The bulls appear to face exhaustion over the last hour, stalling the rebound in EUR/USD near hourly 50-SMA at 1.1270, despite negative European equities and oil prices. EUR/USD ignores weaker Ifo Currently, EUR/USD trades 0.25% higher at 1...
EUR/GBP Remains Exposed to Further Downside – Commerzbank The perspective for European cross remains tilted to the downside, according to Senior Technical Analyst at Commerzbank Axel Rudolph. Key Quotes “Last week EUR/GBP slipped below the February high at...
GBP/USD Still Focused on 1.4455/60 – UOB The research team at UOB Group said GBP/USD needs to close above 1.4455/60 in order to allow for further gains. Key Quotes “The undertone for GBP is clearly positive but as mentioned in recent updates, only a daily closing above 1...
Descending Triangle identified at 22-Apr-14:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.81 within the next 4 days. Resistance Levels : ( B ) 1.8334Last resistance turning point of Descending Triangle. Support Levels ( A ) 1...
USD Expected to Gather Traction in the Next Months – Danske Bank Analyst at Danske Bank Mathias Mogensen sees the dollar edging higher in the upcoming months...
EUR/CHF Keeps Lows Near 1.0970 The Swiss franc is gathering upside momentum on Monday, dragging EUR/CHF to the area of session lows in the 1.0980/70 band. EUR/CHF gains capped near 1.1020 The cross is retreating from last week’s tops in the 1...
USD/JPY Finds Solid Support Just Ahead of 111 The bears appear to loosen their grip on the USD/JPY pair, allowing a minor pullback from 111 handle once again amid risk-off market profile...
EUR/GBP Hits Fresh Session Highs Near 0.7810 Post-IFO The EUR/GBP cross keeps the bid tone intact following the release of the German Ifo surveys, which showed a slight deterioration in the business sentiment. EUR/GBP holds above 0.78 handle Currently, the EUR/GBP pair trades 0...
GBP/USD Erases Early Gains, Drops Back to 1.4400 Mark The GBP/USD pair early morning gains ran into selling pressure, dragging the pair back towards 1.4400 handle to currently trade near 1.4410 level...
EUR/USD Faces Support Around 1.1140 – Commerzbank Axel Rudolph, Senior Technical Analyst at Commerzbank, noted the relevant support levels for the pair. Key Quotes “Last week EUR/USD failed at 1.1400 as expected and this week reached the previous April low at 1.1234 and nearly the 55 day ma at 1...
EUR/USD Downside Appears Limited – UOB In view of analysts at UOB Group, the downside momentum in EUR/USD could slower its pace in the short-term. Key Quotes “While the break below 1...
FxWirePro: GBP/JPY Faces Strong Support at 160, Good to Buy at Dips Major resistance -162.60 Major support – 158 (21 day 4HMA) The pair has opened higher today morning around 161.74 and started to decline from that level. It is currently trading around 160.60...
