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Daily economic digest from Forex.ee Stay informed of the key economic events Friday, May 20th EUR/USD traded in flat this morning hovering in a 15-pips narrow range. The pair remains directionless, waiting for the upcoming economic events that could set up the tone for the pair...
Bulls in #USDJPY continue to show serious attitude, and the downtrend resistance line that started in late March was formally achieved. Moving averages confirm the upward #trend. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers...
Another trading day is confirming the upward trend in #USDCAD. The movement is developing within the upward channel and the most competent trading solution is a classic work in the trend. Find out more by checking out the Source Link...
1. Introduction In last chapter we started the strategy. We place one instance of profitable Trend and we added SnR for help to filter range moments. Even the first results over the chart looked good, we saw some possible problems in range areas...
Chart: https://bi0l.blogspot.com/2016/05/usdjpy-intraday-forecast-technical-side.html Calculated daily level: Support (S1 / S2 / S3 = 109,925 / 582/321), resistance (R1 / R2 / R3 = 110,267 / 429/691). Key support levels (1st from 109.623 to 109.964 at the end of the day, the 2nd of 109.477 to 109...
Today is a light data day with almost no important releases. The Australian dollar is trading flat, as well as the Japanese yen. Yesterday, after disappointing U.S. statistics, the dollar growth stalled. Find out more by checking out the Source Link...
Chart:https://bi0l.blogspot.com/2016/05/eurusd-intraday-forecast-technical-side_19.html Calculated levels today: Support (S1 / S2 / S3 = 1,11842 / 1,11724 / 1,11533), resistance (R1 / R2 / R3 = 1.12224 / 1.12342 / 1.12533). Key resistance levels (1st from 1.12821 to 1...
FxWirePro: EUR/GBP Slips Below 38.2% Fib, Momentum Bearish Given higher odds of a "Remain" outcome in the EU Referendum (of 77%), GBP to remain buoyed near-term. Very strong retail sales data for April for the UK released on Thursday also to support the Pound...
Canada: Setting Up for Retail Sales (March) and CPI (April) – TDS Research Team at TDS, suggests that Canada’s retail sales will complete the full swath of activity data for Q1 following the release of manufacturing and wholesale sales earlier this week. Key Quotes “With Q1 GDP tracking at 2...
UK: Consumer Quite Active ahead of Brexit - ANZ Research Team at ANZ, notes that the UK witnessed a very strong retail sales data for April as the headline sales rose 1.3% m/m and March's fall was revised significantly to -0.5% vs -1.3...
RBA’s John: No Quick Fix to Lift Inflation - TDS Research Team at TDS, notes that there was no data out today, but snippets of a Dow Jones interview with RBA Board Member John Edwards got some airplay...
EUR/USD Stuck in Tight Range Near 1.1200 The EUR/USD pair traded around a flat-line almost through the Asian session, and now flirts with 1.12 handle as we head towards early Europe. EUR/USD finds support above 100-DMA at 1.1175 Currently, EUR/USD trades dead flat at 1...
FxWirePro: USD/INR Hovers Around Key Support at 67.35, Intraday Bias Remains Neutral USD/INR is currently trading around 67.34. It made intraday high at 67.50 and low at 67.3250 marks. Intraday bias remains neutral till the time pair holds key support at 67.12 marks. A daily close above 67...
FxWirePro: AUD/USD Consolidates Above 61.8% Fib, Weakness to Resume on Close Below AUD/USD failed to close below 61.8% Fib of Jan to Apr rally (0.7212) on Thursday. The pair is now consolidating above the 61.8% Fib level and weakness to resume only on close below...
FxWirePro: NZD/USD Takes 100-DMA Support, Edges Higher from Fresh 2-Month Lows NZD/USD is recovering from new 2-month lows hit on Thursday after taking support by 100-DMA (currently at 0.6717...
Asian Markets Turn Higher, Gold Stable Above $1250 Major Asian indices are trading on a higher note on the quiet session of Friday. USD/JPY remains supported around 110.00 marks while Gold fails to break key support at $1242 and currently trading around $1255 marks...
FxWirePro: USD/JPY at a Near-Term Top, Upside Stalls at 110.38 Highs USD/JPY trades a narrow 22 pip range in the Asian session. Pair is likely approaching a near-term top. USD/JPY pair declined from highs near 110...
FxWirePro: ASX200 Faces Strong Support at 21 Day MA, Good to Buy at Dips Major resistance - 5400 Major Support - 5293 (21 day MA) ASX200 has taken support near 21 day MA and slightly jumped till 5360 at the time of writing. It is currently trading at 5355...
FxWirePro: Nikkei225 Faces Strong Support at 200 Day 4H MA, Good to Buy at Dips Major resistance - 16985 (11 May High) Major support - 16450 (200 day 4H MA) Nikkei index has slightly recovered after making a low of 16690. It is currently trading around 16690...
