The order to buy #GPBUSD is relevant, despite the observed pullback to the area of the red Alligator's line. Possible closing below it will consider as a signal to close the position. Find out more by checking out the Source Link...
#USDJPY resumed growth, and the profit from the order to buy has exceeded the figure. Additional signals have not been received yet, however, the price soon may pass the level of the nearest fractal. Find out more by checking out the Source Link...
EUR/USD Remains Capped by 1.1230 Zone EUR/USD consolidates near daily highs in quiet trading Friday, with the dollar mixed across the board ahead of the G7 meeting. EUR/USD found support at the 1.1180 area on Thursday but every bounce attempt has remained capped by the 1...
AUD/USD Turns Negative, Eyeing 0.7200 Mark to Extend Support The AUD/USD pair failed to extend its tepid recovery back towards 200-day SMA and the bears took back the control, dragging the pair back into negative territory...
FxWirePro: CAD/JPY Faces Strong Resistance at 84.35, Good to Sell on Rallies Major resistance – 84.35 (21 day 4H MA) Major intraday support – 83.60 CAD/JPY has retreated after making a high of 84.32 today. It is currently trading around 84.12. The pair’s major support is around 83.30 (61...
GBP/JPY Trade Idea Harmonic Pattern Formed- Bearish Bat pattern Potential Reversal Zone (PPRZ) – 162.80 GBP/JPY has completed Bearish Bat Pattern at 161.80 and slightly declined from that level. It is currently trading around 160.60. Short term trend is lightly weak as long as resistance 162...
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, GOLD Analysis for May 20th, 2016 EURUSD, “Euro vs US Dollar” Eurodollar has reached the target at 1.1200 and right now is consolidating; it has defined the channel’s borders and returned to the center...
AUDUSD. With the pair halting its weakness to close on a rejection candle on Thursday, a move higher could be developing. On the downside, support resides at the 0.7200 level where a breach will aim at the 0.7150 level. Below that level will set the stage for a run at the 0...
FxWirePro: EUR/JPY on Track to Test 124 Levels, Major Resistance at 124.60 EUR/JPY recovers previous day's losses to hit fresh daily highs at 123.86. Techs on daily charts support upside, pair has broken above 5&10-DMAs at 123.47/54 respectively. Test of 124 levels likely...
NZD/USD Likely to Move Towards 0.70 in Short Term and Towards 0.64 by 2016-End In mid-April of this year, the NZD/USD pair rose to 0.7054, an 11-month high, as the likelihood of a near term interest rate rise by the US Fed continued to diminish...
NZD/USD to Target 0.6500 in Q3 - Westpac Imre Speizer, Research Analyst at Westpac, notes that the NZD/USD retains negative momentum, targeting sub-0.6700 during the week ahead. Key Quotes “That is mainly a story of markets repricing the Fed, particularly following the hawkish FOMC minutes...
USD/JPY Inches Higher to a Fresh 3-Week High of 110.40 The greenback continues to gain traction against the Japanese counterpart, boosting the USD/JPY pair to a fresh three-week high level of 110.40...
EUR/CHF Could March to 1.15 in 12-Month – Danske Bank EUR/CHF could climb to the 1.1500 region within a year’s view, according to Morten Helt, Senior Analyst at Danske Bank...
EUR/USD Decline Limited around 1.1140 – UOB The down move in EUR/USD could struggle to break below the 1.1140 area, suggested analysts at UOB Group. Key Quotes “As highlighted yesterday, extension lower to 1...
USD/CHF Now Targets 0.9990/1.0000 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, spot still targets the 0.9990/1.0000 band. Key Quotes “USD/CHF has maintained upside pressure...
USD/CHF Off Day’s High, Dips to 0.9900 Handle The up-move in the USD/CHF pair seems to take a pause near weekly high level of 0.9922, with signs of minor profit taking moved dragging the pair back to 0.9900 handle...
CAD CPI: What to Expect of USD/CAD Canadian inflation figures for the month of April are due later in the NA session, with market consensus expecting headline consumer prices to have gained 0.3% on a monthly basis, mainly backed by increasing gasoline prices. Core prices are seen rising 0...
JPY: G7 Meeting in Focus – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has weakened modestly in the Asian trading session ahead of the G7 meeting of finance ministers and central bank officials in Japan...
EUR/JPY Takes-Out Thursday’s High, What Next? The EUR/JPY cross is currently consolidating the upside as we head into the mid-European session, receiving double booster shot from strong gains seen in both the EUR/USD and USD/JPY. EUR/JPY: 124 handle now inevitable The EUR/JPY pair now advances +0...
