AUD/JPY T-89 Pattern Suggesting a Possible Bounce The AUD/JPY pair spiked after a V shaped reversal at the bottom spiking up to 80.30, slightly below H3 camarilla pivot. Now moment price action is showing a completed T-89 pattern right off L4 support where we can see a confluence zone (L4, 38...
EUR/PLN Bounces Off Lows on NBP Decision The Polish Zloty is partially eroding its earlier advance vs. its European peer, pushing EUR/PLN to the 4.3460 area...
GBP/USD Forecast: Choppy Price Action Ahead of the Referendum The GBP/USD pair trades neutral around its daily opening, bouncing from a daily low set at 1...
USDCHF: Vulnerable, Targets Further Weakness USDCHF: Having the pair declined further on Tuesday, it looks to extend that weakness in the days ahead which is already underway. On the downside, support lies at the 0.9650 level. A turn below here will open the door for more weakness towards the 0...
Crude Oil Target 3 Hit with Chinese Oil Imports Up 38% Crude Oil, daily Crude oil price is at the time of writing trading higher with support given to it by the hefty increase in Chinese import numbers, low US oil inventories and fears that Nigerian oil production might attract new attacks from t...
GBP/USD: Off-Highs, Consolidates Around 20-DMA The GBP/USD pair reversed entire upward rally triggered by surprisingly positive UK industrial production data and reverted to the negative territory amid persistent risk-off market profile, reflected by lower UK gilt yields. GBP/USD rejected at 1...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, June 8th GBP/USD seems to be cooled off after yesterdays volatile session. Despite improving risky sentiments, the pair is keeping its bullish mood, as dollar is still weak across the board...
EUR/USD Parked Around 1.1370, Bunds, Oil Eyed EUR/USD is now attempting a consolidative pattern around 1.1370, all within a narrow range between 1.1350 and 1.1380. EUR/USD looks to German FI The pair is recovering from the earlier knee-jerk to the mid-1...
GBP/USD Still Neutral Short-Term – UOB The research team at UOB Group sees unchanged the neutral outlook on GBP/USD for the next 1-3 weeks. Key Quotes “GBP inexplicably surged to a high of 1.4664 before reversing as quickly back to a low of 1.4494...
USD/CAD Extends Downslide to a Fresh 5-Week Low As WTI crude oil prices are sustaining strength above $50.00/barrel psychological mark, the USD/CAD pair extended its slide for fourth consecutive day to currently trade at a fresh 5-week low level of 1.2715...
EUR/USD Could Test 1.16 Near-Term – Westpac In view of strategists at Westpac, the pair could re-visit the area of 1.1600 in the next sessions...
Rallies in EUR/USD Could Falter Around 1.1465/95 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s upside could find strong resistance in the 1.1465/95 band. Key Quotes “EUR/USD is approaching initial resistance at 1.1415/20, the 61...
GBP/USD Clinches Highs Post-Data The British pound has recovered the smile today, now pushing GBP/USD to fresh tops in the vicinity of 1.4580. GBP/USD boosted by UK releases The pair managed to advance to session peaks in the 1.4580 area after UK’s Industrial Production expanded 2...
GBP/JPY Recovers to 156.00 on Upbeat UK Manufacturing Data After witnessing a volatile session on Tuesday, the GBP/JPY cross turned lower on Wednesday before recovering sharply to 156.00 level on upbeat UK manufacturing data. Earlier during the day, the cross dropped close to 155...
FxWirePro: BTC/USD Struggles to Break Above $600, Good to Sell on Rallies Chart pattern formed - Double top BTC/USD has formed a double top around $600 and slightly declining from that level. It is currently trading around $575...
FxWirePro: AUD/CAD Finds Stiff Resistance at 0.9542, Good to Sell Rallies AUD/CAD is extending downside from 1-month highs of 0.9545 hit on Tuesday. Intraday bias for the pair is lower, pair finds immediate support at 0.9455 (trendline), then 0.9446 (10-DMA). Major resistance is seen at 0...
EUR/USD Steadies Around 1.1370 as German Yields Drop to Record Lows Little action is seen in the EUR/USD pair in the European session this Wednesday, as the EUR markets have turned cautious amid ECB’s corporate bond purchases and looming Brexit concerns...
EUR/GBP Tests Highs Near 0.7840 A bout of selling pressure saw EUR/GBP briefly testing daily highs in the 0.7840 area before deflating a tad to the current 0.7825/20 band. EUR/GBP focus on UK data The European cross is reverting part of Tuesday’s drop to the mid-0...
