GBPUSD: The pair continues to retain its upside pressure rallying on Monday. Support lies at the 1.4000 level where a break will turn attention to the 1.3950 level. Further down, support lies at the 1.3900 level. Below here will set the stage for more weakness towards the 1.3850 level...
While the dollar is strengthening in the foreign exchange market, and market participants are preparing for the Fed meeting, which will be held on March 20-21, gold prices are down, today is the fifth week in a row...
We welcome you to new trading week which promises to be a more volatile one in terms of upcoming high level events. After a period of range-bound market movements traders now brace for larger swings and potential new trends in the market. Let us be surprised...
Daily economic digest from Forex.ee Stay informed of the key economic events Monday, March 19th The EUR/USD pair follows broad market trend today, caused by the growth of the US dollar against its main competitors...
WEEKLY OPEN AND GAP...
ASTRONOMICAL LOOK AT THE FOREX MARKET – WEEK 12 MARCH 2018.The forex market is a living organism. And how everything lives – he is constantly changing. For successful trading, you need an understanding of the processes taking place at this moment in the market...
EURUSD: The pair faces further weakness in the new week. On the upside, resistance comes in at 1.2350 level with a cut through here opening the door for more upside towards the 1.2400 level. Further up, resistance lies at the 1.2450 level where a break will expose the 1.2500 level...
First, a few words about the forecast for the previous week, which proved fully correct for cryptocurrencies: - EUR/USD. When giving forecast for this pair, a large number of analysts claimed that the pair would continue to stay in the 1.2150-1...
Bank of America Merrill Lynch Research discusses GBP/USD outlook and notes that could be a big week for GBP next week with the release of key macro data (CPI, labour market and retail sales data) and the EU Summit on 22/24 where the focus will be on whether a potential transition agreement will b...
WEEKLY WRAP UP...
Currency market is a social system like all financial markets. Currency market has a central role in the financial system. Many of us fail to realize this that currency market comprises thousands of thousands of people...
On Thursday, the US stock index Dow Jones Industrial Average rose 0.5% to 24873.00 points. Nevertheless, the DJIA seems to be wrapping up this week and the first half of the month in negative territory...
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, March 16th The EUR/USD pair has finally recovered its positive tone, having bounced off its weekly lows, marked near the level of 1.2300...
Chart: https://bi0l.blogspot.com/2018/03/gbpusd-intraday-forecast-technical-side_37.html (Side of bulls). For purchases, under the condition of forming a turn from (S1 / up H4 / S2), the target may be level (2-key resistance levels / R1 / R2), with a punching option up to (R3). (Bear side...
Chart: https://bi0l.blogspot.com/2018/03/eurusd-intraday-forecast-technical-side_95.html (Bear side). For sales outlets under the condition of reversal (from EMA24 / EMA522 / EMA120), the targets may be equal (S1 / S2 / S3 / up D1). (Side of bulls...
Chart: https://bi0l.blogspot.com/2018/03/usdchf-intraday-forecast-technical-side_15.html (Side of bulls). For saved short-term purchases with a breakdown condition higher than (R1), goals may be equal (R2 / R3...
Chart: https://bi0l.blogspot.com/2018/03/usdjpy-intraday-forecast-technical-side_15.html (Side of bulls). For purchases under the condition of forming a turn from (S1 / up D1 / S2), targets may be (key resistance levels / down H1 / R1 / R2) with breakdown targets (R3 / down D1). (Bear side...
USDJPY: The pair looks to weaken further as more decline is expected in the days ahead. On the downside, support lies at the 105.50 level where a break if seen will aim at the 105.00 level. A cut through here will turn focus to the 104.50 level and possibly lower towards the 104.00 level...
