USD/JPY likely to bounce before next risk-off move. Summer could be quieter with delayed risks. Financial markets experienced severe dislocations around the Brexit vote. The pulse of the price action is gradually normalising as the effects of the shockwave gradually dissipate...
We're not out of the woods yet. The energy shock dented Canada over the past 12 months, but the Bank of Canada's latest survey suggests that the tide isn't yet turning back in our favour...
The British pound is unlikely to rush to post-Brexit lows, rather the move will be gradual and as such investors should position to take advantage of any bouts of strength...
Morgan Stanley are forecasting an extension of the euro / pound exchange rate rally. Hans Redeker, Head of Global FX Strategy at Morgan Stanley writes: We believe that the EUR can remain well supported even in times of political uncertainty...
Then we start to see the first pattern is called the engulfing and a very powerful pattern of slow but better support and resistance can also be time you are trading on lower frame such as 15 minutes and 5 if not the 5 min up always with our filter that would be our support and resistance if you...
FxWirePro: USD/CAD Faces Strong Support at 21 Day MA, Good to Sell on Rallies Major support- 1.2865 (21 day MA) Major resistance – 1.3033 (200 day MA) USD/CAD has broken major support 1.2899 (daily Kijun-Sen) and declined till 1.28650 at the time of writing. It is currently trading around 1.28721...
GBPUSD: The pair continues to hold on to its downside pressure closing lower the past week and leaving risk lower in the medium term. On the downside, support lies at the 1.3200 level where a break will turn attention to the 1.3150 level. Further down, support lies at the 1.3100 level...
USD/JPY showed some movement last week, but closed almost unchanged at 102.46. This week has seven events. Here is an outlook on the major events moving the yen and an updated technical analysis for USD/JPY. The yen settled down last week, after posting strong gains after the Brexit vote...
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...
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...
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...
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...
