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GBP/USD posted sharp gains last week, dropping over 200 points. The pair closed at 1.3246. This week’s highlights are PMI reports and Manufacturing Production. Here is an outlook on the major market-movers and an updated technical analysis for GBP/USD...
The Canadian dollar enjoyed a strong week ,as USD/CAD fell 160 points. The pair closed at 1.2868. This week’s key event is Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. Canadian GDP posted a small gain of 0...
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G’day, forex mates! Another RBA statement is heading our way this Tuesday (July 5, 4:30 am GMT), so get up to speed on how the Australian economy is faring by reading up on another edition of my Economic Snapshot...
Welcome to the second half of the year! Can you believe we only have another six months to go this year? Let’s take a quick look at the major economic themes that rocked the forex markets in Q2 2016 to complete your H1 2016 analyses...
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...
Investors are still in the process of sorting out the ramifications of the surprise pro “Brexit” vote which created extreme volatility in the markets...
Technical Analysis of USD/CAD fo July 4, 2016 General overview for 04/07/2016: The corrective cycle to the downside is still in progress and there is one more wave needed to complete the pattern. The projected target for wave c of the wave (ii) is at the level of 1...
Technical Analysis of EUR/JPY for July 4, 2016 General overview for 04/07/2016: The corrective cycle in wave iv is evolving into a complex and time-consuming pattern, possibly a triangle or any other WXY complex structure. The technical resistance at the level of 115...
FxWirePro: DAX30 Struggles to Close Above 9800, Good to Buy at Dips Major resistance – 9815 (90 4H EMA) The index has broken psychological resistance at 9800 and jumped till 9812 at the time of writing. It is currently trading around 9769. DAX30 should close above 9815 for further bullishness...
Technical Analysis of Gold for July 4, 2016 Gold price continues to move higher towards our $1,400 target as we suggested from last week. Bulls should raise their stops to $1.328 at least if not $1,333. I remain bullish Gold...
Daily Analysis of Major Pairs for July 4, 2016 EUR/USD: This pair went upwards by 150 pips last week in a context of a downtrend. A movement of another 200 pips to the upside would result in a Bullish Confirmation Pattern...
Daily Analysis of USDX for July 04, 2016 A short-term picture for USDX is still calling for more upsides as the index remains supported by the 200 SMA on H1 chart, which is also offering dynamic support. Next strong resistance is located around the 96...
FxWirePro: USD/CNY Hovers Around 6.66 Mark, PBPC Sets Yuan Midpoint at 6.6472 Per Dollar USD/CNY is currently trading around 6.6595 marks. It made intraday high at 6.6601 and low at 6.6495 levels. Intraday bias remains bullish till the time pair holds key support at 6.6330/6.6110 levels...
FxWirePro: EUR/GBP Range-Bound, Focus on UK Construction PMI and Eurozone Sentix Index Data EUR/GBP retreats from 0.8400 ahead of UK Construction PMI and Eurozone Sentix Index data. The pair is trading an extremely range as we head into the European open...
FxWirePro: GBP/JPY Trades in Narrow Range, Good to Sell on Rallies Major resistance- 140 Major support – 135.35 (61.8% retracement of 133.33 and 139.01) GBP/JPY has slightly recovered after making a low of 135.70.It is currently trading around 136.43...
Yen Falls Against Majors The Japanese yen weakened against the other major currencies in the Asian session on Monday. The yen fell to a 10-day low of 73.84 against the NZ dollar, from Friday's closing value of 73.46. The yen dropped to 114.51 against the euro, 136.69 against the pound and 105...
EURUSD Daily Forecast: July 04 2016 EURUSD Forecast The EURUSD was corrected higher last week topped at 1.1169. The bias is bullish in nearest term but as long as stay below 1.1200 my overall technical bias remains bearish targeting 1.0700. Immediate support is seen around 1.1110...
GBPUSD Daily Forecast: July 04 2016 GBPUSD Forecast The GBPUSD continued its bearish momentum last week bottomed at 1.3119 but closed higher at 1.3270. The bias is bearish in nearest term testing 1.3200. Immediate resistance is seen around 1.3350...
