Weak bounce. (By Peter Rosenstreich) • AUD/USD has weakened near the resistance at 0.7652 breaking the hourly support at 0.7595 (07/06/2018 low). Break of the strong resistance...
Choppy consolidation. (By Peter Rosenstreich) • USD/CAD has successfully bounced off uptrend support, approaching key downtrend resistance. Hourly support and resistance are...
Bouncing. (By Peter Rosenstreich) • USD/CHF displayed some buying interest near the support at 0.9778 (downtrend line support) yesterday. However, prices need to break the...
Sharp spike. (By Peter Rosenstreich) • USD/JPY continues to rise after its bullish reversal pattern from 108.39 (31/05/2018 low). Strong support and resistance are located at...
Bouncing. (By Peter Rosenstreich) • GBP/USD has bounced near the support yet the resistance at 1.3458 has thus far not been decisively broken. Key support and resistance...
Bouncing further. (By Peter Rosenstreich) • EUR/USD has broken the resistance at 1.1736 leading to renewed buying pressure. The shortterm trend remains negative as long as prices...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, June 11th The EUR/USD pair regained its bullish tone this Monday, while again having broken through the level of 1.1800 in Asia...
EURUSD: The pair faces further recovery higher having closed higher the past week. On the upside, resistance comes in at 1.1800 level with a cut through here opening the door for more upside towards the 1.1850 level. Further up, resistance lies at the 1.1900 level where a break will expose the 1...
First, a review of last week’s forecast: - EUR/USD. The basic forecast for this pair, supported by the majority of analysts, assumed its growth to the zone of 1.1800-1.1830. The pair went up indeed, fixing the week's high at 1.1839...
The focus of traders at the end of the week is the G7 meeting. Leaders of the G-7 countries are due to meet in Québec on Friday for a two-day meeting, during which the issues of trade relations will be discussed after the introduction of the US import duties on steel and aluminum...
Chart: https://bi0l.blogspot.com/2018/06/gbpusd-intraday-forecast-technical-side_7.html (Side of bulls). For purchases with a breakdown condition higher than (down D1), the goals may be equal (R1 / R2 / R3). (Bear side...
Chart: https://bi0l.blogspot.com/2018/06/eurusd-intraday-forecast-technical-side_35.html (Side of bulls). For purchases, with the condition of forming a turn from (S1 / 1-key support levels / down D1'broken) goals may be (R1 / R2 / R3). (Bear side...
Chart: https://bi0l.blogspot.com/2018/06/usdjpy-intraday-forecast-technical-side_7.html (Bear side). For saved positions for sale, under the condition of breakdown below (S1), goals may be equal (S2 / S3). To reduce risk, new positions are better to plan (down h1 / up D1 broken / down H1...
Chart: https://bi0l.blogspot.com/2018/06/usdjpy-intraday-forecast-technical-side_7.html (Bear side). For sales, with the condition of forming a turn from (down H1), goals may be (S1 / S2 / up H4 /) with the breakdown option to (S3 / up W1). (Side of bulls...
USDCHF: The pair continues to look vulnerable as it saw more weakness on Thursday. On the downside, support lies at the 0.9800 level. A turn below here will open the door for more weakness towards the 0.9750 level and then the 0.9700 level. On the upside, resistance resides at the 0...
At the end of last week, as expected, the Bank of Canada did not begin to change the interest rate, leaving it at 1.25%. As Bank of Canada Deputy Governor Lawrence Schembri said earlier last month, the Bank of Canada "has to hedge itself because of the uncertainty surrounding NAFTA negotiations...
Daily economic digest from Forex.ee Stay informed of the key economic events Thursday, June 7th The EUR/USD pair extends its bullish rally, having broken through the level of 1.1900 in early Europe, on the back of several bullish factors, which are setting the direction for the pair this Thursday...
Chart: https://bi0l.blogspot.com/2018/06/gbpusd-intraday-forecast-technical-side.html (Side of bulls). For purchases based on (R3 broken / R2 broken / up H1) goals, goals may be equal (R1MN). (Bear side...
Chart: https://bi0l.blogspot.com/2018/06/eurusd-intraday-forecast-technical-side_7.html (Side of bulls). For purchases, if R2 split / up H1 is floating, targets can be equal (R3) with the breakdown option to (R1W1 / R2W1). (Bear side...
