GBPUSD Daily Forecast: March 14 2016 GBPUSD Forecast The GBPUSD continued its bullish momentum last week topped at 1.4436. The bias is bullish in nearest term testing 1.4500. Immediate support is seen around 1.4350...
USDJPY Daily Forecast: March 14 2016 USDJPY Forecast The USDJPY had another indecisive movement last week, formed another Doji on weekly chart. The bias is neutral in nearest term probably with a little bullish bias testing 114.50...
USDCHF Daily Forecast: March 14 2016 USDCHF Forecast The USDCHF attempted to push higher last week topped at 1.0092 but whipsawed to the downside and closed lower at 0.9823. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below 0...
Dear Friends, This week (March 13 - to 19’ 2016) we have 7 high impact news schedule which may tradable. Here all time mentioned NY time Zone. Tuesday, March 15...
EAs can assist traders and here are the results to prove it. Last Thursday is another banner day for us. We closed 8 consecutive winning trades for a total profit of 280 pips...
Analysis (Weekly): Last week the couple began Quotes (Open 1.0989) with humiliation and course correction channel up H4. Then there was the growth of the test and weekly resistance R1-w (1.1040) and the middle of the channel up H4...
GOLD: With GOLD rejecting higher level prices to close lower the past week, further bearishness is envisaged. On the downside, support comes in at the 1,240.00 level where a break will turn attention to the 1,230.00 level...
We’ve had evidence that a weak C$ finally started lifting manufacturing shipments, export volumes and GDP generally towards the end of last year. However, the strong rebound in the C$ recently threatens to stem that tide, with the loonie well above its November-January average...
Takeaways From This Week's COT Report: AUD & JPY An Unlikely Pair As Largest Held Longs - Scotiabank
Data in this report cover up to Tuesday Mar 8 & were released Friday Mar 11. AUD and JPY are the largest held net longs vs. the USD, an unlikely pair as we consider their contrasting risk profiles. Tuesday’s position date incorporates the most recent U.S...
This week will have the Bank of Japan, Bank of England and the Federal Reserve policy meetings where the benchmark rates are expected to remain unchanged...
Ahead of the new week’s trade we see the pound to dollar exchange rate at 1.4387, the best levels for buying dollars since mid February are now on offer...
USD/СAD: Wave analysis and forecast for 11.03 – 18.03: Downtrend dominates. Estimated pivot point is at the level of 1.3450. Our opinion: Sell the pair from correction below the level of 1.3450 with the targets of 1.3054...
The British pound has corrected higher against the New Zealand dollar following the Reserve bank of New Zealand’s decisionto cut interest rates at its March rate meeting...
USD/JPY: Wave analysis and forecast for 11.03 – 18.03: The pair is likely to decline. Estimated pivot point is at the level of 114.55. Our opinion: Sell the pair from correction below the level of 114.55 with the targets of 108.00 – 107.00...
The Aussie, ceteris paribus, will probably continue its current recovery versus the US dollar while against the pound sterling we are looking for a reversal in fortunes. One thing to look out for in the week ahead will be the RBA minutes and commentary from RBA officials Debelle and Ellis...
USD/CHF: Wave analysis and forecast for 11.03 – 18.03: Downtrend continues. Estimated pivot point is at the level of 1.0089. Our opinion: Sell the pair from correction below the level of 1.0089 with the target of 0.95...
The euro exchange rate complex is vulnerable to downside pressure over the week ahead we believe. Risk remains tilted to more euro weakness as markets awaken to the fact the ECB could cut interest rates further in 2016/2017...
GBP/USD: Wave analysis and forecast for 11.03 – 18.03: The pair is undergoing correction. The rise in the pair is possible. Estimated pivot point is at the level of 1.4115. Our opinion: Sell the pair from correction above the level of 1.4115 with the targets of 1.45 – 1.4690...
EUR/USD: Wave analysis and forecast for 11.03 – 18.03: Uptrend continues. Estimated pivot point is at the level of 1.0820. Our opinion: Buy the pair from correction above the level of 1.0820 with the target of 1.15 – 1.16...