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USDJPY: The pair remains on the offensive leaving further upside pressure on the cards. Despite its current price hesitation this view remains valid. On the downside, support comes in at the 112.00 level where a break if seen will aim at the 111.50 level...
Analytics & Forecasts
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FXTechstrategy, 8 May 2017, 16:52
Today we will talk about how to properly set up (optimize) the advisor BuySellProf_Security for profitable and secure trading with a small drawdown. In the beginning, we will carry out the general operations on tuning. First of all, it is necessary to optimize the adviser...
Other
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Yurij Batura, 8 May 2017, 16:09 #forex
Last Friday, the last US labour market report surprised on the upside as the economy created 211k private job in April, beating forecast of 190k. Previous month’s reading was revised slightly to the downside (79k versus 98k first estimate). Similarly, the unemployment rate slid to 4.4% from 4...
Analytics & Forecasts
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Jiming Huang, 8 May 2017, 14:28
As widely expected by polls, Emmanuel Macron won the French Presidency with a clear advantage (65% over 35% for Marine Le Pen). Financial markets barely reacted and the single currency is still trading below $1.10. It is worth noting that the euro climbed anyway at 6-month high...
Market News
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Jiming Huang, 8 May 2017, 14:23
Short-squeeze. • Crude oil is bouncing back on short-squeeze move. The commodity has reached a level below $44. Strong support is given at 42.20 (14/11/2017 low). Expected to see renewed bearish...
Analytics & Forecasts
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Jiming Huang, 8 May 2017, 14:17 #crude oil
Starting a consolidation phase. • Silver is consolidating after the strong decline. Hourly support is given at 16.20 (04/05/2017 low). Strong resistance is given at a distance at 19.00 (09/11/2017 high). Expected to see continued...
Analytics & Forecasts
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Jiming Huang, 8 May 2017, 14:15 #silver
Consolidating around $1230. • Gold continues its decline after the yellow metal has faded near the hourly resistance at 1295 (18/04/2017 high). Hourly support is now located at 1195 (10/03/2017 low). The road is...
Analytics & Forecasts
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Jiming Huang, 8 May 2017, 14:14 #gold
Strong bullish pressures. • EUR/CHF's volatility is getting stronger and is now targeting resistance given at 1.0898 (08/12/2017 high). Despite the sharp increase and the recent bullish breakout which is very...
Analytics & Forecasts
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Jiming Huang, 8 May 2017, 14:12
Trading sideways. • EUR/GBP is trading mixed. The technical structure remains negative as long as the resistance at 0.8530 (25/04/2017 low) holds. Expected to show continued weakness until...
Analytics & Forecasts
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Jiming Huang, 8 May 2017, 14:10
Consolidating around 5-month high. • EUR/JPY's buying pressures are there. Strong resistance standing at 124.10 (15/12/2016 low) has been broken. Major support is given at 114.90 (18/04/2017low). Expected to see further...
Analytics & Forecasts
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Jiming Huang, 8 May 2017, 14:08
Wide-open for further decline. • AUD/USD is trading below 0.7500. As long as prices remain below the resistance at 0.7608 (17/04/2017 high), the short-term technical structure is negative. Key resistance stands at...
Analytics & Forecasts
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Jiming Huang, 8 May 2017, 14:06
Profit-taking. • USD/CAD has declined after failing to reach 1.3800. Hourly support can be found at 1.3411 (24/04/2017 high) then 1.3353 (20/01/2017 high). Expected to show renewed bullish pressures as...
Analytics & Forecasts
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Jiming Huang, 8 May 2017, 14:04
Towards support at 0.9814. • USD/CHF is weakening. The positive shortterm technical structure has been invalidated. Expected to target support given at 0.9814 (27/03/2017 high). • In the long-term, the pair is still trading in...
Analytics & Forecasts
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Jiming Huang, 8 May 2017, 14:02
Consolidating above former resistance. • USD/JPY is now slowing down since the pair reached resistance given at 112.20 (31/03/2017 high). Hourly support can be found at 110.88 (26/04/2017 low). Stronger support is located at...
Analytics & Forecasts
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Jiming Huang, 8 May 2017, 14:00
Slight increase. • GBP/USD is trading mixed. Hourly resistance given at 1.2966 (30/04/2017 high) has been broken. Hourly support can be found at 1.2757 (21/04/2017 low). An unlikely break of this...
Analytics & Forecasts
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Jiming Huang, 8 May 2017, 13:58
Trading sideways. • EUR/USD is trading higher. Hourly support is given at 1.0875 (04/05/2017 low) then 1.0682 (21/04/2017 base). Stronger support can be found at 1.0494 (22/02/2017 low). Expected to...
Analytics & Forecasts
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Jiming Huang, 8 May 2017, 13:55
EUR/USD The pair jumped into the area above 1.1000, but not for a long time. Pressure on the euro may continue throughout the day. Now the pair is moving to the area of the support level at 1.0955/50. The break below it will cause the movement to 1.0930 and more significant level of 1...
Analytics & Forecasts
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Real Trade, 8 May 2017, 13:28
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, May 8th Today France continues to celebrate Emmanuel Macron’s win in the presidential election with 63.85% of votes against his far-right opponent Marine Le Pen, who gained 36...
Analytics & Forecasts
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EEAnalytics, 8 May 2017, 12:39
The general weakening of the US dollar, observed on Friday, helped the oil prices to adjust at the end of last week. The price of Brent oil after reaching a new local minimum during the Asian session of Friday near the level of 46...
EUR/USD: Bullish: Next target at 1.1050 followed by 1.1120. While EUR finally broke above 1.1100, the lack of acceleration higher after the breach came as a surprise (high of 1.1022 early this morning...