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Oil prices are at a 30-month high, despite boosted US production and inventories and a drop in the US rig count. The harsh winter is playing a short-term role, but some analysts are suggesting that 2018 prices will surge past our forecast of US$ 60-65 per barrel of West Texas Intermediate...
Volatile within uptrend channel. (Yann Quelenn) • Bitcoin's bullish momentum is far fom over despite strong consolidation phase. The technical structure has shown a tremendous...
Holding above 60. (Yann Quelenn) • Crude oil is has broken resistance given at 59.05 (24/12/2017 high). Strong support is given at 55.82 (07/12/2017 low). Expected to keep...
Continued increase. (Yann Quelenn) • Silver has been bouncing on hourly support at 16.99 (04/01/2018 low). Hourly resistance is given at 17.46 (16/10/2017 high). Expected to show...
Bullish momentum continues. (Yann Quelenn) • Gold is pushing higher after the strong collapse even though traders are taking some profit. Hourly support is given at 1236...
Slow increase. (Yann Quelenn) • EUR/CHF is trading slightly higher. Hourly resistance is given at 1.1778 (25/12/2017 high). Expected to show continued short-term increase...
Sideways price action. (Yann Quelenn) • EUR/GBP is trading mixed. The pair is trading between support at 0.8689 (08/12/2017 low) and resistance is located at 0.9046 (14/09/2017 high...
Riding higher. (Yann Quelenn) • AUD/USD's upside pressures are growing. Hourly resistance given at a distance at 0.7897 (13/10/2017 high). Support stands at 0.7638...
Continued decline. (Yann Quelenn) • USD/CAD is skewed to the downside after the pair failed to break hourly resistance at 1.2917 (27/10/2017 high). The pair keeps on heading...
Short-squeeze. (Yann Quelenn) • USD/CHF is trading slightly higher. Yet, the technical structure indicates that further weakness are possible. Expected to show further...
Pushing higher. (Yann Quelenn) • USD/JPY's buying demand is increasing and the pair is approaching hourly resistance given at 113.75 (12/12/2017 high) while hourly support is...
Ready for another leg higher. (Yann Quelenn) • GBP/USD's buying pressures are still lively. The pair has exited downtrend short-term channel. The technical structure indicates further...
Trading around 1.2000. (Yann Quelenn) • EUR/USD is now trading around 1.20. The pair lies in a bullish short-term momentum. Strong resistance is given at 1.2092 (08/09/2017 high...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, January 8th The EUR/USD pair extends its Friday’s retreat, having broken through the resistance of 1.2000 at the start of European session...
EURUSD: The pair continues to retain its upside pressure hesitating on Friday. On the upside, resistance comes in at 1.2050 level with a cut through here opening the door for more upside towards the 1.2100 level. Further up, resistance lies at the 1.2150 level where a break will expose the 1...
First, a review of last week’s forecast: - The markets are apparently still on winter vacation. Hence, the pair EUR/USD spent five days in the very narrow lateral channel of 1.2000-1.2085 and completed the five-day period in the same place where it started at 1...
Bank of America Merrill Lynch FX Strategy Research discusses EUR/USD outlook and argues that the risks are to the downside in H1 2018 on the following 4 factors : "1- EUR/USD has overshot the data. 2- The market is long EUR and this position could be at risk...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, January 5th The EUR/USD pair came under bearish presser and lost some pips in early Europe after brief consolidation phase on the back of attempts of the US dollar to recover its positions across the market...
GOLD: The commodity still faces its broader upside pressure as it saw a rejection of lower prices on Thursday. On the downside, support comes in at the 1,300.00 level where a break will turn attention to the 1,290.00 level...
